Accounting
Top stories summarized by our editors
8/22/2019

The Public Company Accounting Oversight Board makes clear that fraud detection is a responsibility of auditors and provides guidance on how to identify it, but "there are certain types of sophisticated fraud that may be difficult to detect without employing specialized forensic audit expertise," writes Drew Bernstein of Marcum Bernstein & Pinchuk. He suggests that auditors attend "fraud school" to learn subjects such as environments that facilitate fraud and techniques that gauge fraud risk.

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Accounting Today
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fraud
8/22/2019

Former Disney financial analyst Sandra Kuba has submitted whistleblower claims to the Securities and Exchange Commission that allege years of revenue inflation by exploiting flaws in accounting software. Disney says the claims "have been thoroughly reviewed by the company and found to be utterly without merit."

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MarketWatch, Fortune
8/21/2019

Excel offers advanced sorting options that go beyond the alphabetic and numeric options people typically use. Here is a look at how to locate and use these advanced techniques.

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TechRepublic
8/21/2019

Following the AICPA Auditing Standards Board's risk-assessment standards can lead to a more compliant audit and reduce professional liability exposure.

8/21/2019

Because tax practitioners often create or audit the income tax provision and related disclosures, tax students and professionals should understand how they are constructed.

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The Tax Adviser
8/21/2019

Noticing subtle nuances can make you more effective at work and at home. Here's how to train yourself not to miss small but important details.

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Financial Management
8/20/2019

People unsure about the timing of retirement can benefit from working an extra year. This can help them make sure they are ready and shore up finances.

8/20/2019

Tax managers are rated as having the strongest career opportunities, according to a survey by Glassdoor. The profession comes with a median base salary of $112,021 annually, well above the US average, the survey finds.

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MarketWatch
8/20/2019

The Business Roundtable, made up of CEOs from some of the biggest corporations, has adopted a statement that says maximizing shareholder value should not be the only priority of businesses. The statement says companies should also consider the well-being of employees, suppliers and the environment. For information on enhanced business reporting, visit the AICPA Financial Reporting Center page devoted to the topic.

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AICPA
8/20/2019

Understanding the timing rules is key to getting the full benefits of investments in Opportunity Zones. Learn about them.

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Tax Insider