Accounting
Top stories summarized by our editors
12/12/2018

The number of enforcement actions the Securities and Exchange Commission brought against public companies and their subsidiaries shot up in the second half of fiscal 2018, according to a report from the New York University Pollack Center for Law & Business and Cornerstone Research. The SEC filed 55 cases in that period, compared with 71 for the year, the report said.

12/12/2018

The new concept of "individually tailored" accounting disclosures has been a challenge for accountants and auditors. Securities and Exchange Commission officials have provided some clarity on this topic, as well as on disclosures about cybersecurity, Brexit and Libor.

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Exchange Commission
12/12/2018

The Internal Revenue Service has issued guidance outlining how to determine the amount of parking expense that is nondeductible under Sec. 274(a)(4) when employers provide parking for employees. The notice also describes how tax-exempt organizations increase unrelated business taxable income in those circumstances.

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Internal Revenue Service
12/12/2018

The Public Company Accounting Oversight Board will meet Dec. 20 to consider adopting rules for public-company auditors on auditing accounting estimates, including fair-value measurements, and on use of specialists.

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PCAOB
12/12/2018

If stock market volatility has drained value from your traditional IRA, this might be a good time to convert the account into a Roth IRA to take advantage of tax-free asset growth.

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CNBC
12/12/2018

Emerging technologies can provide substantial efficiencies in business processes and can enhance the quality of financial reporting. But these technologies also pose risks that audit committees must address in their oversight role.

12/12/2018

In Part 5 of a seven-part series, Excel MVP Liam Bastick takes a look at two of the new functions with the new Dynamic Arrays capabilities.

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Financial Management
12/12/2018

Blockchain faces scalability problems, but the creation of "sidechains" might address this issue. Sidechains exist alongside a master chain and are able to handle some of the workload.

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The Next Web
12/12/2018

Brackman was chief accounting officer.

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Myers Industries
12/11/2018

Wall Street banks are scrutinizing US financial and economic data for any early warning of a recession in 2019. JPMorgan Chase puts the odds of a recession next year at 35%, while Bank of America sees a 20% to 30% chance.

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JPMorgan Chase, Bank of America