Accounting
Top stories summarized by our editors
11/16/2018

The Financial Accounting Standards Board has changed the transition requirements and clarified the scope of its standard on accounting for credit losses, which was issued in 2016.

11/16/2018

The Internal Revenue Service has issued 2019 inflation adjustments for more than 50 tax provisions, including tax tables, standard deduction amounts, amounts for various credits and thresholds for the qualified business income deduction under Sec. 199A.

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Internal Revenue Service
11/16/2018

Engagement letters establish an understanding with clients and might support a defense if a liability claim arises.

11/16/2018

Life can be stressful. But when you know your "what" and your "why," you have power to dial up time and energy for what matters most. Follow these four steps to reduce stress and to live a well-balanced life.

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AICPA Insights
11/16/2018

The office environment has changed over the years, but you still need to show respect to superiors. Avoid actions that could strain the relationship with your boss, such as contradicting the person in public.

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Fast Company online
11/15/2018

UK Prime Minister Teresa May is trying to save a draft Brexit agreement with the EU as officials quit her government. Brexit Secretary Dominic Raab and other ministers have resigned over the proposal.

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Reuters
11/15/2018

A new investigative report from the US Securities and Exchange Commission cautions public companies to consider cyberthreats when implementing internal accounting controls. "It's good advice," writes IIA President and CEO Richard Chambers. But as internal auditors know, cybersecurity preparedness is not just an issue when implementing accounting controls -- it is an important facet of risk management every day, he writes.

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iaonline.theiia.org
11/15/2018

Signs of a global economic downturn appear in statistics of three of the biggest economies. Data show GDP of Japan and Germany declined in the third quarter, while weak growth of credit and consumption suggests China is headed into a slump.

11/15/2018

Great leaders know they can't do it alone, so they recruit people who help them create order out of chaos, develop productive relationships and inspire employees to care about the organization's vision, write Deborah Ancona and Henrik Bresman. "[E]ffective leaders should know their strengths and weaknesses, so they can find people who complement them, not compliment them," they write.

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INSEAD Knowledge
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Deborah Ancona, Henrik Bresman
11/15/2018

One-third of Medicare beneficiaries were enrolled in Medicare Advantage plans last year, the Kaiser Family Foundation reports. The cost of these plans varies from state to state, with Nevada expected to have the least-expensive plans in 2019, according to one ranking.

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CNBC