Accounting
Top stories summarized by our editors
12/6/2018

Smaller organizations with limited staff might have difficulty implementing the Financial Accounting Standards Board's new standard on presentation of not-for-profit financial statements. These tips can make the work easier.

12/6/2018

US finance decision-makers remain positive about the economy and their organizations' prospects, but their optimism decreased a bit in the fourth quarter, according to a survey by the Association of International Certified Professional Accountants. See what CFOs, controllers and others say about spending plans, profits and labor shortages.

12/6/2018

The research and development credit was recently amended to make it more beneficial for small startups that cannot use an income tax credit in their critical early years of operation. See who qualifies to take the credit against payroll taxes, how to make the election, how to calculate the credit and how to report it.

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The Tax Adviser
12/6/2018

Winter is around the corner, which means busy season is almost here, too. These resources can help tax practitioners gear up for what lies ahead.

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AICPA Insights
12/6/2018

Job seekers can get a better idea of what they should be earning by doing a bit of research and by reaching out to the right people.

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Fast Company online
12/6/2018

Stocks continued falling in early trading today amid renewed concerns about US-Chinese trade tensions. The Dow Jones Industrial Average declined more than 500 points shortly after the opening bell, adding to a 799-point loss Tuesday.

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CNBC, MarketWatch
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Dow
12/6/2018

Mallick is a board member at Glossier and a partner at Thrive Capital.

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Thrive Capital, Glossier
12/6/2018

Many benefits can result from conducting a risk-based internal audit, which focuses on the risks that emerge as an organization pursues its business goals, Pedro Tavares writes. Such an audit differs from a traditional audit because, rather than revolving around the audit cycle, it makes a priority of the riskiest areas identified in a business-risk evaluation, Tavares writes.

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InfoSec Institute
12/6/2018

The AICPA's Auditing Standards Board will release a standard on audits of financial statements of employee benefit plans subject to the Employee Retirement Income Security Act of 1974. The standard, once finalized, will have new requirements in several areas, including engagement acceptance, governance-related communications, and audit risk assessment and response, and it will involve a new report format for ERISA section 103(a)(3)(C) audits.

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Accounting Today
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AICPA, ERISA
12/6/2018

The California Corporations Code allows for shareholders to inspect a company's accounting books as well as its minutes of shareholder and board meetings for a "proper purpose." Lawyer Keith Bishop points to a court case in which ineffective internal controls over financial reporting were deemed a basis for such an inspection.

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JD Supra