Auditors and companies looking to adhere to a proposed internal control framework for financial reporting were told yesterday at a Baruch College auditing conference not to sweat the actual implementation date when the draft framework is finalized in March 2013. Comparing the new framework from the Committee of Sponsoring Organizations of the Treadway Commission (COSO) to Microsoft’s Windows 8, David Landsittel, chairman of COSO, said that users may initially favor the older framework, which will be “available as long as the market wants it.” But the new version will be “more robust” than the previous version, which dates back to 1992. [CFO]
We've heard about the importance of soft skills for years -- to the point of nausea. But, hey, they matter.
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At some point in your career, you may have heard a self-deprecating quip from someone who claimed to be a "jack of all trades, but a master of none." And there's little debate these days -- a niche is crucial to a successful career.
Accounting News Roundup: An Enron Anniversary and The Race to Be KPMG's Next Global Chief | 12.02.160 2,186
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