FEI Weekly

July 15, 2019

Barneys considers bankruptcy, PCAOB offers more guidance on CAMs.

Blockchain: The Road From Open Source to Enterprise

Forbes

To move a blockchain protocol from open source to enterprise, companies first need to understand the enterprise needs from a blockchain perspective. Where do we want to see improvements so that we can fully use the benefits of decentralized ledger technology? The main requirements are: platform; interfaces; infrastructure and network; and security and analytics.

Barneys Considers Bankruptcy

USA Today

Reuters reported Saturday that Barneys  is weighing a potential bankruptcy filing among other options that could occur in the coming weeks. The move is largely to address expensive leases, especially its flagship location on Madison Avenue in Manhattan, that are hampering the retailer's business, the report said. 

PCAOB Provides More Guidance on CAMs

Accounting Today

The PCAOB released two new documents and a video to provide more information to investors and audit committees about the new requirements for auditors to include a discussion of critical audit matters, or CAMs, in their audit reports.

Amazon to Retrain Thousands of Employees to Ease Effects of Automation

Engadget

Amazon is planning to retrain one-third of its workforce to help ease the effects of automation. The e-commerce giant is pledging $700 million that will go to providing "upskill" training designed to move people in positions vulnerable to automation into new jobs across the company. As many as 100,000 employees are expected to undergo the retraining process by 2025.

Sorry, Going on Vacation Won’t Cure Your Burnout

Quartz

Vacations are important, of course. But while a week or two away from the office can certainly feel restorative in the short-term, research shows that the vacation afterglow tends to fade away fast. In a recent survey of more than 1,500 US workers, two-thirds of respondents said that the mental benefits of vacation had disappeared within a few days.