Accounting

The U.K. telecom giant was hit by massive fraud at its Italian unit.

Second quarter 2022 earnings releases by major banks show vastly increasing provisions for credit losses:

The proposed changes to the exam structure merit attention, with a shift from the current four exam sections to three "Core" sections.

The unemployment rate fell one-tenth of a point to 3.5%, a level not seen since before the pandemic.

A group of 25 high school students traveled from across Massachusetts to attend the Accounting Careers Exploratory Leadership event organized by the Massachusetts Society of CPAs.

The Financial Accounting Standards Board collected feedback from investors on various financial topics.

Declining GDP, inflation surges and labor shortages and supply chain disruptions had deepened economic worries.

The Institute of Management Accountants is seeing signs of a lax attitude toward ethics developing in recent years as more people work from home and are tempted to cut corners on their expenses.

Tayiika Dennis is the new chair of the society's board of directors, while Adam Blitz is chairing the CalCPA Education Foundation.

The pace of pay and job increases declined from June, according to Paychex.