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Accounting
Top stories summarized by our editors
1/21/2022

Cargo theft patterns are changing, with locations such as warehouses and depots facing a growing share of the risk, according to a report by BSI and freight insurer TT Club. "There is little doubt that the problems of supply-chain disruption that are currently bedeviling the US freight transport system -- particularly that of container congestion at ports and inland hubs -- is creating increased opportunities for thieves," said TT Club's Mike Yarwood.

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TT Club, TT Club
1/21/2022

This popular, digital-only edition textbook includes 27 chapters with changes captured through Dec. 31, 2021, including: 2021 risk-based capital (RBC) formula, valuation of assets, SAP to GAAP comparison, 2021 statutory annual statement and RBC reporting formats, accounting guidance, mergers, acquisitions and consolidations, and internal controls. Downloads are available for seven (7) days after purchase. One download per purchase/person. Order your copy today!

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my.iasa.org
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SAP
1/21/2022

IASA members Rachel Ferguson, CPA, and Tim Flaherty, CPA, have been named partners with Johnson Lambert cpas+ consultants effective Jan. 1, 2022. "Rachel and Tim embody leadership not only within the firm but also in the communities and the industries they serve," stated the media release. Both Rachel and Tim have held various volunteer and leadership roles within IASA and embody the talent and membership base that make up IASA's community. Read more here.

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johnsonlambert.com
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Tim Flaherty, Tim
1/20/2022

Fraud can happen anywhere -- including in your local church, synagogue or mosque. While it may be uncomfortable to raise questions of impropriety, internal auditors have an opportunity to introduce basic elements of corporate governance within their own church, Christopher Kelly writes in this week's Building a Better Auditor blog post.

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Internal Auditor
1/20/2022

Only 41% of 401(k) plans have company matches that become fully vested right away, a Plan Sponsor Council of America survey found. Companies that don't vest immediately use different timelines, with some going as long as six years before employer contributions fully belong to the worker.

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CNBC
1/20/2022

Newer dynamic array functions in Microsoft Excel generate a range of values known as the spill range. This article explains the spill range in greater detail and describes potential errors.

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TechRepublic
1/20/2022

Prior guidance on Tax Court jurisdiction over Internal Revenue Service determinations of employee vs. independent contractor status is modified and superseded.

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Tax Court
1/20/2022

People who provide care for aging relatives may qualify for special tax breaks related to medical costs and other expenses. To be eligible for certain federal tax breaks, the family member must be a "qualifying relative," a status that involves meeting certain criteria related to their income and living situation.

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CNBC
1/20/2022

Age-related assumptions are often made during the hiring process, with some managers weeding out candidates who might be perceived as being too old or too young for a particular position. One solution for job seekers is to remove indicators of age from their resumes, and another approach involves highlighting skills that counter age-related stereotypes.

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BBC
1/20/2022

Forming lasting relationships with suppliers can pay dividends, particularly during times when the bargaining power shifts away from buyers and toward suppliers.

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FM