Accounting
Top stories summarized by our editors
1/18/2018

Nobody enters every negotiation from a position of strength, but you always have some leverage. Here's how to make the most of it.

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CPA Insider
1/18/2018

An increasing number of organizations are employing futurists to tell them what the future holds. But who are they, what do they do, and can anyone really predict the future for business and finance?

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Financial Management
1/18/2018

The Dow Jones industrial average rose to 26,115.65 Wednesday, the first time it has closed above 26,000. The 322.79-point increase was the largest one-day gain in 14 months.

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USA Today, Reuters
1/18/2018

Assessments of a company's culture and controls are essential components of a meaningful program for auditing compliance, Michael Volkov writes. Internal audit and the chief compliance officer can work together to implement testing protocols as part of a transparent audit process, Volkov writes.

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JD Supra
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Michael Volkov
1/18/2018

The Department of Homeland Security's recent raids of 100 7-Eleven stores illustrate the importance of staying compliant with Form I-9 requirements to ascertain employees' authorization to work in the US, lawyer Montserrat Miller writes. "Keys to ensuring compliance with the Form I-9 requirements include internal audits, training, preparation and having a plan in place," Miller writes.

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Workforce online
1/17/2018

General Electric CEO John Flannery is considering breaking up the company, via spinoffs or otherwise, in light of more than $11 billion in charges related to an insurance portfolio and the new tax law. Cowen analysts say GE's separate businesses are worth at most $15 per share, which could make a breakup financially unfeasible.

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Reuters, Reuters, MarketWatch
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GE, John Flannery, Cowen, tax law
1/17/2018

Plans to double the supply of US government bonds may cause demand to be exceeded and prompt adverse effects, such as wider credit spreads and falls in the dollar and stock market, warns Deutsche Bank economist Torsten Slok. Other market watchers do not share this view, pointing instead to numerous bullish indicators, including significant retail appetite for bonds.

1/17/2018

Regulators worldwide have taken aim at the cryptocurrency market, which has lost hundreds of billions of dollars in market value within days. Bitcoin's market share has declined.

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Bitcoin, Bitcoin
1/17/2018

Employees and managers often dread performance reviews, but, when done right, the process can align individuals with organizational goals. Here is a three-step process for effective reviews.

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Forbes
1/17/2018

Financial statements prepared in accordance with an AICPA financial-reporting framework give lenders nearly as much confidence to loan capital as generally accepted accounting principle-based financial statements for small and midsize businesses with low credit risk, a published study shows. An updated toolkit of resources, located at aicpa.org/frf-smes, helps stakeholders implement the framework.

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AICPA