FEI Weekly

March 11, 2016

Enhancing internal audit's value, FASB on breakage recognition, and watching for tech disruption.

Internal Audit and its Bosses Stuck in ‘Value Gap’

AccountingWeb

Audit committee chairs and CFOs are a demanding bunch when it comes to internal audit, and they apparently aren’t getting what they want, according to KPMG and Forbes.

FASB Addresses Breakage Recognition, Derivative Contract Novations

Journal of Accountancy

FASB issued financial reporting standards Thursday that address recognition of breakage for prepaid stored-value products and the effects of derivative contract novations on existing hedge accounting relationships.

CFOs Fear Tech Disruption, But Aren't Doing Anything About It

Tech Republic

Accenture Strategy says 24% of CFOs fear their business will be eliminated by disruption and 58% believe their industry is in danger.

The Legal Minefield of Office Group Chat

Bloomberg

Anything you type in work chat—or anywhere else—can be used in a court of law.

How to Tell a Coworker They’re Annoying You

Harvard Business Review

Research suggests letting something simmer can make things worse.