September 28, 2016

FASB Technical Corrections Signal Progress on New Rev Rec Standard

The Financial Accounting Standards Board’s recent set of proposed technical corrections to its revenue recognition standard are a sign that more companies are getting serious about implementing them.

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Posted by Michael Cohn at 06:16PM | Comments (0)

September 26, 2016

AICPA Clarifies Pro Forma Compilation Standard

The American Institute of CPAs’ Accounting and Review Services Committee has finished the last of the standards it has been redrafting and clarifying as part of the AICPA’s Clarity Project.

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Posted by Michael Cohn at 06:39PM | Comments (0)

September 22, 2016

AICPA Fights Executive Impersonation

The American Institute of CPAs has issued a new report on the growing threat of “executive impersonation,” in which criminals claiming to be corporate executives convince employees to send them sensitive documents and company information.

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Posted by Michael Cohn at 06:24PM | Comments (2)

September 21, 2016

PwC Aims to Shatter the Accountant Stereotype

PricewaterhouseCoopers wants to show the life of an accountant and auditor isn’t so boring after all, with a new YouTube video.

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Posted by Michael Cohn at 06:21PM | Comments (2)

September 20, 2016

Leslie Jones Wants EY to Protect Her Twitter Account

Comedienne and actress Leslie Jones has a new job for Ernst & Young: safeguarding her from hackers.

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Posted by Michael Cohn at 05:55PM | Comments (0)

September 19, 2016

AppZen Uses AI to Scrutinize Expense Reports

A startup technology company, AppZen, has introduced new technology that is leveraging artificial intelligence to examine expense reports for signs of fraud.

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Posted by Michael Cohn at 06:26PM | Comments (0)

September 16, 2016

Holiday Gadget Preview

Accountants, like everybody else, are entitled to some fun and relaxation, and an upcoming array of holiday gift gadgets promises to provide some fun later this year.

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Posted by Michael Cohn at 04:54PM | Comments (0)

September 14, 2016

EY Sees Disparities in Financial Wellness

Ernst & Young has released the results of a new survey on financial wellness, indicating that many people have no idea how much they will need to retire.

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Posted by Michael Cohn at 04:11PM | Comments (0)

September 12, 2016

Back-to-School Season Means Catch-up Time for Nanny Taxes

Families who have been paying a babysitter or nanny over the summer to provide childcare may be able to cut back now that school is in session, but that doesn’t mean they can avoid the so-called “nanny tax.”

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Posted by Michael Cohn at 05:45PM | Comments (0)

September 9, 2016

Encouraging Accounting Groups to Work Together

The International Federation of Accountants wants accountant organizations to partner together more widely and share their success stories and best practices.

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Posted by Michael Cohn at 05:04PM | Comments (1)