Accounting News Roundup: Lots of Bad Audits and CEO-Employee Pay Gaps | 03.12.18

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Accounting News Roundup: Lots of Bad Audits and CEO-Employee Pay Gaps | 03.12.18

The 52 audit regulators that make up the International Forum of Independent Audit Regulators found “accounting lapses […] at two-fifths of the 918 audits” they examined last year. Among these, 41 percent “related to independence and ethics,” a figure one expert called “absurdly high.” Are You
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London mayor Sadiq Khan ripped into big tech over fake news, online abuse, and regulatory arbitrage

Mayor Sadiq Khan will rip into Facebook, Google, Twitter, and Uber for their role in the rise of fake news, online abuse, and regulatory arbitrage.
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Broadcom sees reversal of fortune in Trump-era Washington

The Singapore tech giant Broadcom is scrambling to reassure regulators and lawmakers about its hostile takeover of Qualcomm after the federal government put the deal on hold to probe whether it will put national security at risk.
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Goldman Names David Solomon as Next in Line to Replace CEO Blankfein

“We saw the future as more of an investment-banking future than a securities or trading future and that favored Solomon,” Charles Peabody, a Compass Point Research & Trading analyst, said in an interview with Bloomberg Television. Solomon rose through the financing business after joining as a
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February Ushers In A Strong Jobs Report; Wage Growth Cooled

As the Fed unwinds its balance sheet yields on long bond could spike. That's not good for stocks. Avoid financial markets until the dust settles.
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