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Professional News


Numbers Don’t Lie, Until They Do

For many years, the U.S. Securities and Exchange Commission has required the CFO of a public company to certify the accuracy of the organization’s financial statement, providing confidence to investors in the report’s quality. This much-valued guarantee of corporate responsibility testifies to the

Report: Unfilled Accounting Positions Remain High

The Q2 2019 Accounting, Finance and IT Hiring Forecast from staffing and management resources firm Brilliant analyzes the hiring trends among accounting, finance, and IT human resources managers in the Greater Chicago and South Florida labor markets. Of the nearly 300 human resources professionals

Breach of Rust: How Hackers Break in Through Old Tech

In 2010, the infosecurity community identified an extremely sophisticated computer worm capable of propagating at an unprecedented rate and exploiting several previously unknown Windows zero-day vulnerabilities. Stuxnet, as the worm was infamously dubbed, proved that a malicious actor could directly

Why Blockchain Is Important in 2019

Late last year, we watched as cryptocurrency values plunged at unprecedented rates. The result triggered a domino-effect across cryptocurrency exchanges globally, making international headlines, and casting a paralyzing stillness for investors. While some cryptocurrency investors have moved on,

PCAOB Staff Provide Guidance on Critical Audit Matters

The Public Company Accounting Oversight Board (PCAOB) is providing staff guidance based on discussions with practitioners who performed simulations using the new reporting standards. The PCAOB released three staff guidance documents in support of auditors who are implementing Auditing Standard No.

For Management Accountants, Gender Pay Gap Is Closing

Within the ranks of management accountants, the gap between the compensation of women and men is narrowing. In the United States, median total pay for women in 2018 was 88 percent of what men earned, according to the latest annual compensation survey by the Institute of Management Accountants (IMA).

Banks Prepare for CECL Accounting Changes

Banks, credit unions and other types of financial institutions are preparing for the imminent approach of the credit losses standard. The standard is often referred to CECL in reference to the current expected credit losses model used by the Financial Accounting Standards Board (FASB) in its version

Treasury Repeals Hundreds of Outdated Tax Rules

The U.S. Treasury Department finalized the repeal of 296 obsolete or duplicative tax regulations in response to President Donald Trump’s executive orders early in his administration calling on the Treasury and other departments to get rid of unnecessary regulations. The proposed list last year

Treasury Announces Changes to Tax Regulatory Process

The U.S. Treasury Department and the U. S. Internal Revenue Service (IRS) announced that they are making changes to their guidelines for issuing tax guidance, including adding a statement of good cause to temporary regulations and restricting notices of proposed regulations. The “ Policy Statement