Accounting
Cost versus value: Is GAAP obsolete?
For ESG issues, human capital and a host of other areas, traditional accounting rules aren’t a good fit. Original Article Posted at : https://www.accountingtoday.com/opinion/cost-versus-value-is-gaap-obsolete
Read MorePreliminary Details and Analysis of State and Local Aid Under the Bipartisan State and Local Support and Small Business Protection Act of 2020
On Monday, members of the bipartisan Gang of Eight negotiating an end-of-year pandemic relief package announced that they had settled on language and had divided the package into two bills: a pandemic aid package and a $160 billion state and local support package. Full language is not yet available, and some of the data on…
Read MoreFraud on the rise amid coronavirus
Fraud is continuing to increase this year, in part due to the COVID-19 pandemic, according to a new survey by the Association of Certified Fraud Examiners. Original Article Posted at : https://www.accountingtoday.com/news/fraud-on-the-rise-amid-coronavirus
Read MoreIRS warns of new scam targeting e-filers
The Internal Revenue Service cautioned electronic return originators about a new identity theft scheme aimed at holders of Electronic Filing Identification Numbers from fraudsters posing as IRS contractors. Original Article Posted at : https://www.accountingtoday.com/news/irs-warns-of-new-scam-targeting-e-filers
Read MoreIRS cracks down on self-employed retirement deductions
The Internal Revenue Service is beefing up its controls to safeguard against improper self-employed retirement deductions, according to a new report. Original Article Posted at : https://www.accountingtoday.com/news/irs-cracks-down-on-self-employed-retirement-deductions
Read MoreQvinci debuts Advisory Portal to highlight key financials for clients
The new Advisory Portal highlights and summarizes key data from financial reports to make it more accessible to clients. Original Article Posted at : https://www.accountingtoday.com/news/qvinci-debuts-advisory-portal-to-highlight-key-financials-for-clients
Read MoreGRI calls for mandatory sustainability reporting
The Global Reporting Initiative is responding to a proposal from the IFRS Foundation to oversee sustainability standards alongside international accounting standards. Original Article Posted at : https://www.accountingtoday.com/news/gri-calls-for-mandatory-sustainability-reporting-alongside-financial-reporting
Read MoreCIMA announces recipients of inaugural Excellence Awards
The Chartered Institute of Management Accountants honored 111 global professionals who have made top contributions to accounting education and the Institute over the last year. Original Article Posted at : https://www.accountingtoday.com/news/cima-announces-recipients-of-inaugural-excellence-awards
Read MoreIRS extends acceptance of digital signatures and emailed documents
The Internal Revenue Service is extending until June 30, 2021 the period in which it will accept digitally signed and emailed documents due to the COVID-19 pandemic. Original Article Posted at : https://www.accountingtoday.com/news/irs-extends-acceptance-of-digital-signatures-and-emailed-documents-amid-coronavirus
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