Deloitte, the consulting firm hired to examine foreclosures for JPMorgan Chase, brought in reviewers to look at the documents before the examination procedures were ironed out. The result: Employees sat around with no work for more than a month while collecting a paycheck. “We would just read our books,” one of the reviewers said. “We strongly disagree with this characterization of the complex independent foreclosure review process and fully stand behind the quality of our work,” a Deloitte spokesman said. [NYT, Earlier]
For better or worse, career progression in public accounting is tied to performance reviews.
Sponsored: The Evolving Accounting Education: A Conversation with University of Scranton Professor Doug Boyle
Today we welcome Dr. Douglas Boyle, Chairperson and Associate Professor of the University of Scranton Accounting Department.
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