Industry News
Accounting
Top stories summarized by our editors
12/3/2021

Practitioners need to have a thorough understanding of what standards require when considering the risk of material misstatement because of fraud.

12/3/2021

The Securities and Exchange Commission has issued rules that create disclosure requirements for companies that issue public securities in the US but are audited by firms not subject to inspection by the Public Company Accounting Oversight Board.

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SEC
12/3/2021

Accounting for and auditing of digital assets are evolving quickly. This podcast episode with transcript passes on guidance from a CPA leader on challenges, the role of skill development and what's next in the evolving space.

12/3/2021

Required minimum distributions from retirement accounts are back in effect this year, after being waived last year. This article explains nuances of the rules, including how to determine the amount that must be withdrawn annually.

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CNBC
12/3/2021

Cryptoasset investors might want to broaden their timeline and reduce taxes with a qualified opportunity fund.

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Tax Insider
12/3/2021

In this tight job market, some candidates might unexpectedly cut contact with employers. Here are some tips to keep would-be employees engaged, including speeding up the interview process to make an offer as soon as possible.

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CNN
12/3/2021

A newly enacted rule means debt collectors can send direct messages through social media to people who owe money, the Consumer Financial Protection Bureau says. However, there are certain requirements, including that debt collectors must keep messages private.

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NBC News
12/3/2021

The economy added 210,000 jobs to nonfarm payrolls in November, and the unemployment rate declined to 4.2%, according to the Labor Department. A Dow Jones estimate had predicted 573,000 jobs would be created and an unemployment rate of 4.5%.

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CNBC
12/3/2021

A report from the Government Accountability Office highlights cybersecurity vulnerabilities of infrastructure and a need for action to address the issue. "If the federal government doesn't act with greater urgency, the security of our nation's critical infrastructure will be in jeopardy," the GAO says.

12/3/2021

Firms aim to rate geographic differences in climate risk, but the scientific quality of models varies, writes Matthew Kahn of the University of Southern California. "In a normal market, consumers would select the winning products through market competition -- but for climate risk forecasts, it may take years to assess which offerings are most reliable," Kahn writes.

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The Conversation