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)

September 8, 2016

Trump and Clinton under Fire for Foundation Donations

Both presidential candidates, Donald Trump and Hillary Clinton, have come under scrutiny by the Internal Revenue Service for running afoul of rules governing tax-exempt foundations.

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Posted by Michael Cohn at 04:47PM | Comments (3)

September 7, 2016

ACCA and IMA Report on Enterprise Risk Management

The Association of Chartered Certified Accountants and the Institute of Management Accountants have released a new report on how companies can deal with enterprise risk management to minimize business disruptions.

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Posted by Michael Cohn at 04:02PM | Comments (0)

September 6, 2016

Best States for Accounting and Finance Careers

The staffing company Accounting Principals analyzed the best states for accounting and finance professionals to live in by tracking the number of accounting and financial positions in each state from 2009 to 2016 to see how well each state’s job prospects are growing. Texas came out on top.

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Posted by Michael Cohn at 05:42PM | Comments (1)

September 2, 2016

Executives Make Stealth Financial Restatements to Preserve Stock Price

Top executives whose pay is linked to the stock prices of the companies they oversee are more likely to make stealth disclosures when their companies are forced to restate their financials, according to a new study.

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Posted by Michael Cohn at 03:35PM | Comments (1)

September 1, 2016

NASBA Revamps National CPE Sponsor Registry Site

The National Association of State Boards of Accountancy’s National Registry of CPE Sponsors has opened a newly redesigned website where organizations, continuing professional education providers, state accountancy boards and CPAs can find information about providing and taking CPE courses across the country.

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

August 31, 2016

SOX Code of Ethics Rule Lowered Restatements

The Sarbanes-Oxley provision requiring senior financial officers to adopt a code of ethics tended to reduce the number of earnings restatements by their companies, according to a new study.

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Posted by Michael Cohn at 06:08PM | Comments (0)

August 26, 2016

Panama Papers Leak Spurs Worries among Execs

Executives are worried about whether their companies are doing enough to protect themselves against financial crimes such as money laundering and fraud in the wake of the release of the Panama Papers.

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Posted by Michael Cohn at 05:06PM | Comments (0)

August 25, 2016

Adjusting to FASB's New Not-for-Profit Standard

Nonprofit organizations and their accountants may want to adopt Financial Accounting Standards Board’s new standard for not-for-profits early before they have to begin adjusting to some of the other new standards coming out from FASB.

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Posted by Michael Cohn at 06:04PM | Comments (0)

August 24, 2016

PwC Offers Quick Take on Lease Accounting Standard

PricewaterhouseCoopers has released a quick overview of the Financial Accounting Standards Board’s lease accounting standard.

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Posted by Michael Cohn at 05:13PM | Comments (1)