The Monday Lowdown ⬇️

If you're new around here, every day I share the 4-5 best accounting insights I saw in the past 24 hours.

I scroll. so you don't have to.

💎 WTF of the Day

Big Four vs New Disclosure Rules

The US wants accounting firms to reveal who’s really signing off on audit reports, basically forcing them to name names. The Big Four and their pals say that’s too much info, and way too much paperwork. 

But regulators think more transparency could keep the next big scandal at bay.If these rules pass, the auditing world might get flipped on its head.

Source: MSN

💎 What’s poppin in accounting

93% of Companies Are Wrestling with Payroll

New payroll laws just hit the scene. Companies now have to track wages in real time, file a ton of paperwork, and risk bigger fines if they mess up. That’s why 93% say they’re drowning in compliance headaches.

Some are splurging on fancy new software, others are building entire payroll teams from scratch. Regulators hope these changes will finally clean up payroll mistakes, but critics argue it’s just one more layer of red tape. Will the new rules fix the mess or just make it worse?

Source: Accounting Times

💎 Accounting That Doesn’t Suck

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 📊 Weekly Trend Chart

2,000 CEOs Jumped Ship Last Year

New data shows nearly 2,000 CEOs parted ways with their companies in 2024, an all time high. Some were pushed out, others retired, and plenty left for greener pastures.

Blame shaky markets, cutthroat talent wars, and mounting board pressure. The result? A massive C-suite shake up that could ripple through 2025.

Keep your eyes on those corner offices, this party’s just getting started.

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