Accounting
Top stories summarized by our editors
4/19/2018

A new publication from the Center for Audit Quality aims to provide public company board members with guidance for addressing cyberrisk management. The CAQ offers four categories of questions that board members can ask to examine such issues as the strategies that management and the financial-statement auditor use to deal with cyberrisk.

Full Story:
Accounting Today
More Summaries:
CAQ
4/19/2018

Fewer fraud cases are being referred to law enforcement, according to the Association of Certified Fraud Examiners. From January 2016 to October 2017, 58% of cases were given to law enforcement, down from 69% in 2008, ACFE said, noting that a typical employee fraud case results in a $130,000 loss.

Full Story:
Accounting Today
4/18/2018

Senate Republicans, with support from President Donald Trump, are preparing to use the Congressional Review Act to repeal 2013 rules from the Consumer Financial Protection Bureau to discourage discrimination by auto lenders. Using the act on years-old rules, rather than recently adopted ones, raises concern decades of regulation might be at stake.

Full Story:
Politico
4/18/2018

After the Internal Revenue Service's Modernized e-File and Direct Pay systems were not in operation for most of Tuesday, the IRS has extended the filing and payment deadline for 2017 individual tax returns until midnight today.

More Summaries:
IRS
4/18/2018

Small businesses have posted a median loss because of occupational fraud nearly double that of bigger counterparts, according to the 2018 Report to the Nations on Occupational Fraud and Abuse, released by the Association of Certified Fraud Examiners. The report says businesses with fewer than 100 employees are less likely to have anti-fraud controls and are more likely to be victimized by an owner or an executive, contributing to larger losses.

4/18/2018

The Internal Revenue Service's computer system relies on code written decades ago, and this antiquated code heightens the risk of problems, according to this commentary.

More Summaries:
Internal Revenue Service
4/18/2018

CPA candidates might think they have time for only work and studying as they prepare for the CPA Exam. But too much isolation from friends and family can harm important relationships.

Full Story:
This Way To CPA
More Summaries:
CPA
4/18/2018

Some cities have banned questions about salary history, but many employers elsewhere in the country still ask. Experts advise answering the question if necessary but putting the information in context to demonstrate your true value.

Full Story:
CNBC
4/18/2018

Haas serves as CFO at Och-Ziff Capital Management Group.

4/17/2018

Many organizations are not prepared for the upcoming General Data Protection Regulation, as many fail to understand the broad scope of the new rules. Consent processes alone will not be enough to meet the EU regulation.