News & trends.

• Position: Multidisciplinary service organizations - Brief article

"Auditors have been given an invaluable government endowed franchise under the federal securities laws. But this franchise is only as valuable as the public confidence investors have in it. As firms grow their advisory practices and become ever larger multidisciplinary service organizations, firm leaders must never forget the 'public watchdog,' 'total independence from the client' and 'complete fidelity to the public trust' responsibilities of their audit practice."

--Steven B. Harris, PCAOB member

hire right

Lower Staff Morale & & Productivity Are the Biggest Pitfalls of Poor Hiring Decisions CFOs were asked, "Which one of the following, in your opinion, is the single greatest impact of a bad hiring decision?" and responded:

9% attributed a bad hiring decision to lower staff morale.

34% named lost productivity as the reason.

25% said monetary reasons are the problem.

--Robert Hatt

CalCPA Committees: Share Your Expertise

Want to use your talents at the statewide level? Your opportunity awaits--the...