Accounting
Top stories summarized by our editors
6/23/2017

Financial Accounting Standards Board members understand that preparers and auditors face challenges with multiple efforts for implementation of key standards. As a result, the pace of standard setting may slow in the coming months, but one key new project is on the horizon.

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FASB
6/23/2017

The WannaCry cyberattack that occurred in May came after a seemingly more sophisticated and dangerous attack that hit a business in April. During the April incident, attackers targeted a contractor's computer, installing ransomware in an apparent attempt to cover up the fact that they had stolen the contractors' credentials.

6/23/2017

A proposed Accounting Standards Update would give private companies an alternative for financial reporting associated with consolidation of variable-interest entities.

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FASB
6/23/2017

When deciding whether to pay off a mortgage before retirement, it's important to consider factors such as your income level, attitude toward debt and the tax implications involved.

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CNBC
6/23/2017

The Senate Republicans' bill to replace the Affordable Care Act would repeal many of the law's tax provisions. Here's a look at the tax changes in the bill.

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Senate Republicans, Senate
6/23/2017

Summer jobs provide valuable work experience and help youth develop professional skills and discover their talents. Association staff share memories of their summer jobs and what they learned.

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AICPA Insights
6/22/2017

"Over my internal audit career, I navigated countless disputes with management," writes IIA President and CEO Richard Chambers. "And, as an IIA leader, I am frequently approached by chief audit executives (CAEs), or members of their staff, who say they are at an impasse with management on a contentious issue." In his latest blog, Chambers shares five frequent sources of conflict between internal audit and management.

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Richard Chambers
6/22/2017

The broader hedge fund industry is experiencing a resurgence, but credit hedge funds are being left behind, continuing to suffer outflow. Credit hedge funds saw $5.4 billion in withdrawals in the first quarter.

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$5.4 billion, hedge funds
6/22/2017

You know that GEICO commercial that asks if you're tired of paying too much for car insurance? Find out if you're paying too much for everything else with these six CPA-provided money-saving tips.

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AICPA Insights
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Geico
6/22/2017

The Internal Revenue Service reopened its online system for applying for and renewing preparer tax identification numbers (PTINs). The system had been down since early June after a federal court held that the IRS cannot charge a PTIN fee. PTIN applications and renewals are now free.

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Internal Revenue Service