FEI Weekly

December 14, 2018

How to stop interviewees from 'ghosting,' Big Four show strongest global revenue growth in years.

Boy Scouts Consider Bankruptcy

CBS News

The Boy Scouts of America is exploring a range of options to address it's increasingly shaky financial situation. Those may include declaring bankruptcy, with the more than century-old organization facing rising legal fees due to lawsuits over its handling of sexual abuse allegations.

FASB Will Not Delay Leases Implementation

Compliance Week - Paywall

Amid technology challenges and minor changes to the rules, companies staring down the Jan. 1 effective date for new lease accounting rules are asking the Financial Accounting Standards Board if it will delay implementation. FASB Chairman Russ Golden said no and that the system is ready to "have a quality implementation at the beginning of next year."

Big Four Show Strongest Global Revenue Growth in Years

WSJ - Paywall

Global revenue at the Big Four accounting firms rose more than 10% in 2018, their strongest annual growth in at least a decade, as they continued a long shift toward consulting over their core auditing businesses. The four firms had $148.2 billion in combined global revenue in fiscal 2018, up 10.4% from $134.3 billion the previous year in U.S. dollar terms.

ACA Enrollment Down 20%

Fortune

With the open enrollment period for the Affordable Care Act closing in a few days for most states, sign-ups are still down nearly 20% compared to the same period last year. The Department of Health and Human Services (HHS) cut the ACA advertising budget by almost 90% last year, which could explain part of why fewer new people are enrolling and, under the Trump Administration, the ACA has been weakened.

How to Stop Interviewees From Ghosting

Los Angeles Times

Recruiters at global staffing firm Robert Half have noticed a 10% to 20% increase in ghosting - a term which normally applies to dating - over the last year. Applicants blow off interviews. New hires turn into no-shows. Workers leave one evening and never return. Though ghosting in the U.S. does not yet require that level of backup planning, consultants urge employers to build meaningful relationships at every stage of the hiring process.