⬇️ The Wednesday 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

Deloitte UK Cutting Jobs as Consulting Slows Down

Deloitte UK is letting go of hundreds of advisory staff as the consulting market shrinks. Businesses are spending less after the pandemic, and it is starting to hit big firms like Deloitte. This could be a warning sign for the consulting and accounting industries. 

Source: Bloomberg Tax

💎 What’s poppin in accounting

FASB’s New Rules for Government Grants

FASB is proposing new rules to bring clarity to how businesses account for government grants. Under the changes, companies would need to disclose details like the type of grant, how the funds were used, and when they were received. 

The aim? To make financial statements more transparent and consistent. This is a big deal for accountants managing public and private grants. 

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 📊 Weekly Trend Chart

 Rising Tensions at COP29 as Climate Costs Skyrocket

COP29 is heating up—literally and figuratively. World leaders are clashing over who should foot the growing bill for climate change. Developing countries are demanding more support, while wealthier nations struggle to agree on funding. 

With the costs climbing faster than ever, the pressure is on to find solutions.

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