Industry News
Accounting
Top stories summarized by our editors
1/14/2021

Four simple strategies can assist with phasing in automation that increases capacity for finance business partnering activities.

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FM
1/14/2021

Final regulations issued last year adopt safe harbors for donors who give to charities in exchange for state tax credits and explain how the quid pro quo principle applies to donors who receive third-party benefits in exchange for charitable contributions.

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The Tax Adviser
1/14/2021

To succeed in a virtual environment, it's important to communicate more with your manager and set expectations on productivity and availability. Learn more in this podcast.

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FM
1/14/2021

Semiconductors are in short supply because of the pandemic-driven demand for personal electronics, making it difficult for automakers to keep supply chains and production lines running smoothly. One problem is that automakers cut orders when the pandemic started, but demand for cars has recovered faster than expected.

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The New York Times
1/14/2021

Indicators such as rising yields after Democratic Party wins in the Georgia Senate run-off race point to US fixed-income investors responding to shifts in fiscal policy instead of monetary policy.

1/14/2021

Anthony Pugliese, president and CEO of the California Society of Certified Public Accountants, has been selected to succeed IIA President and CEO Richard Chambers. Pugliese, whose experience includes executive roles at the American Institute of CPAs, "is an articulate, well-informed, passionate and results-driven leader with a consistent track record of great successes that inspire and benefit not only his organizations but, importantly, the members they serve," IIA global Chair Jenitha John says.

1/14/2021

Improper revenue recognition is the most common form of financial statement fraud, accounting for 43% of schemes, according to an Anti-Fraud Collaboration analysis of enforcement actions by the Securities and Exchange Commission. Reserves manipulation comes in second, while inventory misstatement and loan impairment issues share third place.

1/14/2021

US companies should expect more disclosure mandates regarding environmental, social and governance matters, write Louis Rambo and Frank Zarb of law firm Proskauer Rose. Rambo and Zarb have analyzed statements made by Janet Yellen, whom President-elect Joe Biden will nominate as Treasury secretary, and likely priorities for the Securities and Exchange Commission under the Biden administration.

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JD Supra
1/14/2021

This year will highlight that "data privacy and governance cannot be achieved with separate standalone tools" and instead must be part of an analytics infrastructure, Prangya Pandab writes. Another prediction: more convergence among products in the data-management industry.

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EnterpriseTalk
1/14/2021

The SolarWinds breach has wide-ranging implications for how companies protect themselves and their supply chains, as well as for how the government approaches cybersecurity. Cybersecurity reflects culture, so employees must be properly trained, understand priorities and have as few distractions as possible, writes Lakshmi Hanspal of Box, while Rob Knake of the Council on Foreign Relations writes that the government's response to cybersecurity threats requires better execution of strategies.