Accounting
Top stories summarized by our editors
11/15/2018

CFOs can be valuable allies for CEOs as they lead companies through digital transformation. CFOs already have many important attributes, including visibility into organizational data and experience with capital allocation.

11/15/2018

The Tax Court has held that it did not have jurisdiction under Sec. 6330(d)(1) to determine the amount and order the credit or refund of a taxpayer's overpayment when reviewing a Collection Due Process case.

Full Story:
The Tax Adviser
More Summaries:
Tax Court
11/15/2018

Many recruiters expect the hiring process to become even more competitive in the coming 12 months, according to a Jobvite survey. Here is a look at several trends that might shape the hiring market, including a focus on the reputation of companies and job candidates.

11/15/2018

In the absence of competent board oversight, a not-for-profit's mission might be at risk. Here's how to recruit, train and retain great board members who help a not-for-profit thrive.

11/15/2018

If you know which metrics to monitor, your organizational performance can improve. Learn more in this podcast.

Full Story:
Financial Management
11/15/2018

Securities and Exchange Commission officials, including the chairman and chief accountant, stressed the importance of having a strong corporate control environment and robust internal controls at a recent event. Chairman Jay Clayton said the SEC is more likely to act when there is a cyberbreach at a company that doesn't have a strong tone or controls, noting that "if our sense is that the tone was good, we're much more sympathetic to remediation, resolving and going forward for the company."

11/15/2018

Audit committees and the internal audit team are part of the shared responsibility of maintaining a healthy corporate culture, according to Cindy Fornelli, executive director of the Center for Audit Quality. Audit committees and boards should also think hard about what culture really means to the company, she says.

11/15/2018

The Securities and Exchange Commission is weighing President Donald Trump's proposal to change the quarterly reporting system to a biannual one. SEC Chairman Jay Clayton said the president was right to raise the issue, and the agency's chief accountant, Wesley Bricker, said the SEC had been considering dispensing with quarterly financial reports for years.

Full Story:
Accounting Today
11/15/2018

Companies should not be complacent and should vigilantly monitor cyberattacks, natural hazards, and fires and explosions, says Tom Lawson, CEO of FM Global. Fire is the biggest cause of loss with its clients.

11/15/2018

With a new slate of board members and a new chairman, the Public Company Accounting Oversight Board is planning extensive changes with its strategic plan. Areas of focus include improved quality in audit services, emerging technologies, enhanced transparency and the inspection process.

Full Story:
Accounting Today