Five Things You Should Read

May 24, 2019

How the 'KonMari' method is changing retirement, police raid Deloitte office and financial execs falling behind on CECL.

How Not to Vacation

Korn Ferry Institute

In a recent study, 71% of workers admit they still check in with the office one or more times each day. And that’s just part of the sad trend: two out of three respondents said they’ve cut short a break or canceled one for work reasons. At too many firms, experts say, top executives still often skip vacations themselves, which provides the wrong role model for junior staff to follow.

Malaysian Police Raid Deloitte Office

Reuters

Malaysian police raided the Kuala Lumpur office of audit firm Deloitte on Thursday as part of a widening probe into a multibillion-dollar scandal at state fund 1MDB. Deloitte has been under scrutiny for its role in auditing 1MDB’s financial statements in 2013 and 2014.

Financial Execs Falling Behind on CECL

Accounting Today

According to a new survey, only 32% of accounting professionals reported that their organization has begun to develop internal controls and processes to implement the credit losses standard. Meanwhile, 41% said their biggest challenge to implementation right now is their lack of a good understanding of the standard.

How the 'KonMari' Method is Changing Retirement

Market Watch

The popularity of Marie Kondo’s “KonMari” method — essentially getting rid of things you don’t love or even need — shows that things might be changing. “People are looking around and saying, ‘I don’t need all this crap,’” author Emrys Westacott says. “You can really live a very pleasant life on quite a lot less.” The movement has a name: FIRE, or financial independence, retire early.

5 Best People to Choose as Job References

Glassdoor

Many people struggle to create their winning line-up of job references, even after years spent developing professional relationships. Consider these people when making your reference list: Recent bosses, co-workers, professors, friends (but only if they're a professional reference), and any place you've volunteered.