Character strengths such as perseverance and self-discipline, not cognitive skills, are the true driver of success in life, according to Brookings Institution research. "There is a long research literature on the importance of self-control, or the ability to defer gratification -- a close corollary of our conceptualization of the character strength of prudence," the report says.
The Accounting and Auditing Organisation for Islamic Financial Institutions, based in Bahrain, has published draft accounting standards for Islamic bonds known as sukuk. The rules cover the treatment of sukuk on balance sheets and the types of disclosures issuers should make.
Workers in the "gig economy" say that low or irregular income can make it difficult to save for retirement, according to a survey by Small Business Majority. Two-fifths of respondents said they did not have an IRA or other type of retirement account.
An owner of a medical practice did not have "reasonable cause" for using $100,000 of his own money to pay employees' salaries instead of the Internal Revenue Service. No matter how "admirable" his motives, the owner was liable for the trust fund recovery penalty, a federal court held.
Blue-collar workers tend to report being less happy than white-collar workers around the world, according to a survey of job satisfaction. High pay and good work-life balance are also correlated with job satisfaction, a separate study found.
On a recent South by Southwest Conference panel, billionaire Mark Cuban asserted that the CPA profession, which is so highly valued now, will be replaced by robots and automation in the future. AICPA employee Lindsay Patterson serendipitously had an opportunity to explain to Cuban in person why he is wrong.
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