Accounting
Top stories summarized by our editors
2/15/2018

Paying attention to five issues, including health care needs and inflation, can be helpful for determining a retirement-savings goal.

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Kiplinger online
2/15/2018

Writing a unique cover letter is an opportunity to sell yourself to a hiring manager, letting you explain why you want the job and address potential red flags on your resume.

2/15/2018

The Financial Accounting Standards Board has issued rules that provide financial-statement preparers an option to reclassify stranded tax effects within accumulated other comprehensive income resulting from the Tax Cuts and Jobs Act.

2/15/2018

Taxpayers whose income flows to or from a country that has a tax treaty with the US should understand how that treaty's provisions affect their US taxes, including saving clauses that might benefit them.

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Tax Insider
2/15/2018

Health care spending is expected to increase an average of 5.5% yearly through 2026, reaching almost $5.7 trillion, according to the Department of Health and Human Services. Prices of prescription drugs are expected to increase fastest at 6.3% annually.

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ABC News
2/15/2018

McLaughlin comes from Fiserv, where he was CFO in several divisions.

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Insurance Journal
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David McLaughlin, Hiscox, Fiserv, US
2/15/2018

The Committee of Sponsoring Organizations of the Treadway Commission has introduced draft guidance for addressing environmental, social and governance risks. The guidance, which COSO developed with the World Business Council for Sustainable Development, is a supplement to the Enterprise Risk Management -- Integrating With Strategy and Performance framework released last year.

2/15/2018

Governance risk and compliance has been a focus for many companies in the last year as they prepared for such regulations as General Data Protection Regulation and MiFID II, battled against cyberthreats and grappled with increasing extraterritorial regulatory oversight. With resources tight, internal auditors have been increasingly called up to help identify and assess risks.

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Information Age
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Cyberthreats
2/15/2018

The Sarbanes-Oxley Act of 2002, Section 206, tried to eliminate the so-called alumni effect by making it illegal for accounting firms to perform audits for a company if one of its top finance executives had been employed by the auditor in the preceding year. A study has found that this one-year restriction is not effective and that a five- to 10-year "cooling-off period" may be necessary.

2/15/2018

The compliance and risk job market is slowing as the increased investment financial firms have made in compliance in recent years comes to an end, observers say. Deregulation and new technology are factors in keeping entry-level compensation from rising and in curtailing new hiring, they say.

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Reuters