Accounting
Top stories summarized by our editors
5/24/2018

The Internal Revenue Service has announced it intends to issue regulations explaining that legislation attempting to recharacterize state and local taxes as charitable contributions is subject to interpretation under federal tax law, suggesting the IRS does not recognize these payments as bona fide charitable contributions.

5/24/2018

Because nondisclosure agreements are not drafted with the accountant-client relationship in mind, CPAs risk breaching professional standards when they agree to keep certain items confidential.

5/24/2018

Many people have gaps between jobs on their resumes, and hiring managers might ask about them during interviews. Here are tips for answering these questions.

5/24/2018

Rather than forming five-year plans, some companies strategize for two time horizons. They focus on the next six to 12 months and the next 10 to 20 years.

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Deloitte Insights
5/24/2018

Pay for financial professionals increased an average 4.3% last year, with CFOs' base salaries up 5.7%, according to a survey by the Association for Financial Professionals.

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CFO
5/24/2018

Lau has been serving as executive vice president of finance.

5/24/2018

A New Zealand scientist plans to collect water samples from Scotland's Loch Ness to look for DNA traces and possibly determine what, if any, undiscovered species live in the lake. "What we'll get is a really nice survey of the biodiversity of the Loch Ness," University of Otago professor Neil Gemmell says.

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TIME online
5/24/2018

A strong system of internal controls is essential for handling complaints of sexual harassment, especially when an executive is accused, lawyer Sonja J. McGill writes. Organizations should investigate all harassment complaints and require all employees to undergo anti-harassment training, and remedial actions must be "swift and effective," McGill writes.

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Texas Lawyer
5/24/2018

The Securities and Exchange Commission is likely to crack down on the use of deceptive non-GAAP financials in the years ahead, and a growing possibility exists that employees could use the agency's whistleblower program to report such accounting misuse, write CPA Matthew Stock and attorney Jason Zuckerman. The SEC lets accountants and auditors in some situations report violations and thereby be eligible for awards.

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Accounting Today
5/24/2018

Preventing occupational fraud, Olivia Berkman writes, requires an understanding of which of the three categories the fraud falls into: asset misappropriation, corruption and asset misappropriation, or financial statement fraud. Asset misappropriation is the most common, but cases have the lowest median loss, $114,000, Berkman writes.