Grant Thornton CEO on Proposal for a New Kind Of Auditor’s Report [CFOJ]
“The audit report hasn’t been changed in substance in 70 years and if this is what investors want then we need to meet the needs of investors,” said Ed Nusbaum, whose firm is one of the six largest global accounting networks. [...] “There are some challenges with this, it won’t be an easy process,” Mr. Nusbaum said, explaining Grant Thornton’s lawyers will be looking at how to put the proposals into action “without getting sued.”
Computer Bugs and Squirrels: A History of Nasdaq’s Woes [DealBook]
1987: A troublesome squirrel | Just two months after a historic stock market crash, a stray squirrel touched off a power failure in Trumbull, Conn., that shut down the Nasdaq for 82 minutes, preventing an estimated 20 million shares from being traded. The squirrel lost its life.
Lew warns Congress to strike debt ceiling deal [FT]
Jack Lew, the US Treasury secretary, delivered his most extensive warning yet to Congress about the dangers of brinkmanship over the US debt ceiling, saying it would inflict broad damage to the economy in an “unnecessary self-inflicted wound”.
Pennsylvania Mulls First Statewide Plastic Bag Tax In The U.S. As 'Small Price To Pay' [Forbes]
It's cute when PA tries to be progressive.
How Optimism Can Hurt Your Team [HBR]
Probably not a problem for many of you, but we'll share just in case.
It's time to eliminate many tax-exempt status designations [DMWT]
Um, the NFL and NCAA are tax-exempt if that makes any sense.
Find Your Most Helpful Coworkers with One Email [Lifehacker]
This will work. You're welcome