The World Economic Forum has ranked the US as the most competitive economy, ousting Switzerland from a nine-year run atop the ranking. The ranking system was overhauled this year to focus on technology-driven growth expected in the future.
A proposed Statement of Federal Financial Accounting Concepts titled Materiality would provide materiality concepts, specify the scope of materiality and list factors to consider when applying materiality in federal financial reports.
What do these terms associated with artificial intelligence really mean? What impacts will they have on accounting in the future (and what impacts are they already having today)? This article answers those questions and suggests steps accountants should take now to prepare for a future shaped by AI.
The Securities and Exchange Commission has cautioned public companies to be on the lookout for a class of cyber-related fraud called "business email compromise." Frauds of this type resulted in nearly $100 million in losses among nine public companies investigated by the SEC, which called on companies to consider the threat of spoofed electronic communication in the design and implementation of internal accounting controls.
Good leaders are ambitious enough to drive companies to meet goals but are humble at the same time. Effective leaders recognize that their job is to uncover the best ideas, no matter who has them.
Jumpstart Our Business Startups Act 3.0, which would remove obstacles to capital formation and would cut costs for small companies, is likely to be enacted regardless of how midterm elections turn out, according to a report from Moody's Investors Service. The measure has solid bipartisan support, the report says.
Saving for retirement can be challenging when you have other demands on finances and retirement is years away. Here is a look at how to prioritize goals and implement a savings plan.
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