The Weekly Audit – 12/12/08

There are some interesting reads for accounting lovers this week! By the way – Happy World Accountancy Week (December 7-14). Did you know we had our own week? Me neither. Celebrate anyway! World Accountancy Week calls for green martinis, don’t you think?

• Here’s a great story about a UK trash collector who found an estimated £10,000 in shredded £10 and £20 notes in the trash. has been told he can claim the cash – if he can piece the bits back together. The police have confirmed that no one has claimed the money, so he’s free to turn the trashed cash in IF he can piece it back together! Talk about a profitable puzzle!
• Miranda at Yielding Wealth looks at a handy new site that helps you find the right credit card – not that you’ll be loading up your card in December! Heavens no! As a pay-in-full-when-the-statement-comes kind of girl, I was excited to see features for me too.
• John Goff at Financial Week reviews a recent survey by the FASB (Financial Accounting Standards Board) that reveals international accounting standards have not been well received by the European executives who have begun to use them. One big reason: the cost to convert has outweighed the benefits of conversion. (~But we knew they’d say that! Right?)
  
• ProfSilver on Talk Stock Trading reports on the company that had to shut its doors to 300 employees due to Bank of America pulling its line of credit. Remind me – what was that bailout money for?
• David Albrecht, professor and writer of The Summa, predicts the Obama administration will create shortcuts in the roadmap to international accounting standards. Accounting education must change to accommodate the news standards.

Image Credit: orangeacid, Flickr