Accounting
Top stories summarized by our editors
9/21/2017

Atlanta-based credit-reporting agency Equifax's response to a recently disclosed data breach "has been less than stellar," writes IIA President and CEO Richard Chambers. The company "has struggled to manage the fallout, with seemingly new revelations compounding its woes on a daily basis."

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Equifax, Richard Chambers
9/21/2017

Hackers breached the Securities and Exchange Commission's corporate-disclosure database last year, accessing documents filed by publicly traded companies. The agency determined last month the information could have been used for illicit trades.

9/21/2017

Amid concerns that financial-reporting guidance for consolidation is difficult to understand and navigate, the Financial Accounting Standards Board has proposed a reorganization of the rules.

9/21/2017

Knowing clients' goals and the lifestyle they desire can help them prepare successfully for retirement.

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CPA Insider
9/21/2017

The majority of people polled by research firm SSRS say they are somewhat or very concerned about the Equifax hack, but only 19% of respondents have tried to determine whether personal details have been exposed.

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CNNMoney
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Equifax, SSRS
9/21/2017

Disagreeing with the Internal Revenue Service, the Court of Federal Claims has held that $18 million a hedge fund manager received was not a partnership distribution but a payment for services outside her capacity as a partner.

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The Tax Adviser
9/21/2017

Afraid of public speaking? You're not alone. Presenting before a crowd is challenging for everyone -- and accountants have it twice as hard. They need to fend off stage fright and turn complex figures into a compelling story to engage and inspire their audience. A CGMA report simplifies financial-presentation prep with five useful tips.

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AICPA Insights
9/21/2017

The Sarbanes-Oxley Act has expanded beyond its original goal of assuring financial statements, write Craig Clay of Donnelley Financial Solutions and Daniel Kim of SOXHUB. The law allows for a more focused approach to risk management and instills discipline to prevent mistakes that could result in costly fines and lawsuits, Clay and Kim write.

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Accounting Today
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Daniel Kim, risk management
9/21/2017

The company is seeking a successor for Gardiner, whose promotion is effective Jan. 1.

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MarketWatch
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CFO, Will Gardiner, Drax, CEO
9/21/2017

Companies can face liability if a vendor suffers a data breach, and lawyers urge them to take steps to curtail such risk. Companies should thoroughly vet vendors and ensure that contracts spell out certain obligations and rights in such a situation, the lawyers write.

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JD Supra