Emotional intelligence, or EQ, trumps IQ every time, writes Jim Pelletier, IIA vice president of professional and stakeholder relations. "For internal auditors, who often find themselves in challenging interpersonal situations, emotional intelligence is critical to success," he adds.
The Financial Accounting Standards Board has issued an Accounting Standards Update to improve the accounting for and to reduce the cost and complexity of share-based payments to nonemployees for goods and services. The ASU expands the scope of FASB Accounting Standards Codification Topic 718, Compensation -- Stock Compensation, which covers only share-based payments to employees.
Scams to reach retirement accounts are becoming progressively more sophisticated.
Saving for retirement doesn't have to be stressful if you follow certain tactics, such as automating contributions to retirement accounts. Stop worrying about past mistakes, and talk out anxieties about the future with a trusted friend.
More baby boomers are reaching retirement age, and programs such as Social Security could feel the strain as the population gets older. Last year, the US had 25 people age 65 or older for every 100 working-age people, according to Census Bureau data.
In a little-noticed provision, the Tax Cuts and Jobs Act has changed how accrual-method taxpayers determine when to recognize income for federal tax purposes. Here's what practitioners need to know about the act's amendments to Sec. 451, which fundamentally alter the relationship between financial and tax accounting.
Artificial intelligence and automation have potential to reshape the economy, but it remains to be seen exactly what that means for workers. The US has lost middle-class jobs in areas such as manufacturing and data processing.
The volume of applications last week for mortgages in the US shot up at the fastest pace in five months, the Mortgage Bankers Association said. The surge came as the interest rate for 30-year "conforming" mortgages held steady and as interest charged on 30-year loans backed by the Federal Housing Administration declined slightly.
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