Monday Morning Accounting News Brief: Deloitte on microtransactions;  No more split EY roadblocks;  Have you become irritable?  |  28.11.22

Monday Morning Accounting News Brief: Deloitte on microtransactions; No more split EY roadblocks; Have you become irritable? | 28.11.22

Happy Monday! Here are some things that happen.

Several US auditing firms told the Financial Times that they had upgraded some or all of their crypto-related clients to “high risk” status, triggering a more thorough audit that will take longer and result in higher bills; some customers might end up being completely let down. KPMG UK has announced a £5.5 million investment in its flagship Manchester office, the 25,000 square foot ‘Ignition North’ will be home to KPMG’s Ignition team: “As part of the redesign of the Manchester office , the firm is also rethinking the traditional office layout to meet new and developing ways of working, with space being reallocated to prioritize meetings, presentations and informal get-togethers between colleagues, clients and the firm’s wider networks. The four Big 4 companies have issued a rare joint request for the Financial Accounting Standards Board to rule on issues regarding convertible debt instruments that allow the issuer to settle them partially or wholly in cash. celebrated nine years of accounting today columns and the last ten shared columns that he thinks will be particularly useful for his colleagues, check them out. NYT wrote about SEC Chairman Gary Gensler’s beef with crypto. Deloitte report justifies overpriced Overwatch 2 skins *sigh*: Daryl Hanberry, Partner and Head of Technology, Media and Telecommunications at Deloitte, said: “Even though two out of three players haven’t spent money for digital content over the past two months, we know that these in-game purchases drive significant revenue for companies like Activision Blizzard, especially purchases made in mobile games. Microsoft’s acquisition of Activision Blizzard and Sony’s plans for a dedicated PlayStation mobile gaming unit show that more traditional games companies are starting to shift to revenue models that are increasingly driven by purchases in the game. It will be interesting to see if player habits change in response to this. EY has set up a new decision-making committee to resolve wrangling over who should get what following the planned split of its audit and advisory businesses, Big Four firm bosses have now agreed to form a “deal committee” with a equal number of representatives from each company, as they face concerns from some current and former partners that the audit division could be harmed by the split.

Funny enough, I was looking for accounting information when this Mayo Clinic page on burnout came up in my search results. It seems appropriate to share:

Burnout symptoms

Ask yourself:

  • Have you become cynical or critical at work?
  • Are you dragging yourself to work and having trouble getting started?
  • Have you become irritable or impatient with co-workers, clients or clients?
  • Do you lack the energy to be constantly productive?
  • Do you have trouble concentrating?
  • Do you lack satisfaction with your accomplishments?
  • Do you feel disappointed in your job?
  • Do you use food, drugs or alcohol to feel better or just not to feel?
  • Have your sleeping habits changed?
  • Are you troubled by unexplained headaches, stomach or intestinal problems or other physical problems?

If you answered yes to any of these questions, you may be suffering from burnout. Consider talking to a doctor or mental health professional, as these symptoms may also be linked to health issues, such as depression.

Possible causes of burnout

Burnout can result from a variety of factors, including:

  • Lack of control. An inability to influence decisions that affect your job — like your schedule, assignments, or workload — could lead to burnout. The same goes for the lack of resources you need to do your job.
  • Unclear professional expectations. If you’re unsure of your level of authority or what your supervisor or others expect of you, you probably won’t feel comfortable at work.
  • Dysfunctional work dynamics. Maybe you work with a bully in the office, or feel undermined by co-workers or your boss managing your work. This can contribute to stress at work.
  • Extremes of activity. When a job is monotonous or chaotic, you need constant energy to stay focused, which can lead to fatigue and burnout.
  • Lack of social support. If you feel isolated at work and in your personal life, you might feel more stressed.
  • Work-life balance. If your work takes up so much of your time and effort that you don’t have the energy to spend time with family and friends, you may burn out quickly.

On the subject of burnout, the Sunday Scaries claim another victim:

TikTok must be stopped!

A few things we are working on this week:

  • A Breakdown of the Highest Paying Metros for Accountants
  • Let’s talk about team building and how not to be overwhelmed by it
  • Intern salaries are skyrocketing, allegedly
  • Someone smarter than me discussed accounting education and why it needs to change over time

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Anyone buying a VR headset on Black Friday?

It is all I have. I hope everyone is having a great week!

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#Monday #Morning #Accounting #News #Deloitte #microtransactions #split #roadblocks #irritable #28.11.22

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