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.
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.
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.
"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.
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.
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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