2020-12-07T21:34:00+00:00By Aaron Nicodemus. Search the world's information, including webpages, images, videos and more. By Ranica Arrowsmith. November 23, 2020 VIDEO 02:03. PwC's Q4 2020 Quarterly accounting webcast. About The Author. Archive Archive. Both the CFTC and CFPB “Nailed It” this week while corporate heavyweight General Electric found itself in more trouble. 2020-12-03T00:17:00+00:00By Aaron Nicodemus. Most were required to rapidly shift to remote work environments, and some have even had to adjust their business models. This e-Book has the results of a recent joint survey between Compliance Week and Workiva, which show companies could benefit from the IIA’s updated Three Lines Model—especially in light of the pandemic. U.S. Securities and Exchange Commission. We help small businesses who need an extra hand with their accounting system. Accounting Standards Update 2020-03—Codification Improvements to Financial Instruments: March 2020: Issues 1,2,4 and 5 The amendments related to Issue 1, Issue 2, Issue 4, and Issue 5 are conforming amendments. Friday, December 04, 2020 On November 24, the County of Delaware, Pennsylvania discovered a disruption to portions of its computer network. December 09, 2020. webinar: The New Normal of the Nonprofit - Practical Aspects of the New Reality. IAS 8 is applied in selecting and applying accounting policies, accounting for changes in estimates and reflecting corrections of prior period errors. The Securities and Exchange Commission has moved forward with relaxing its conflict-of-interest rules for independent auditors by a 3-2 vote. or tax accountant near you — or further afield, if your local options are limited. Please only submit PDF or Word Documents.Please do not repeat the questions in your answer, but clearly indicate the question you are referring to (e.g. 2020-12-08T13:30:00+00:00By Jaclyn Jaeger. Join us at the Deloitte Tax Accounting Conference - 2020 Virtual November 30 – December 11, 2020. The money is probably gone. 2020-10-05T16:25:00+01:00By Maria L. Murphy. Lee Jae-yong, the heir and de facto leader at Samsung, was indicted by South Korean prosecutors on charges related to a 2015 merger of two subsidiaries and alleged irregularities in accounting practices at another subsidiary. Online Exclusives Past Issues CPE Quiz Videos. A subsequent event is an event that occurs after a reporting period , but before the financial statements for that period have been issued or are available to be issued. Senator whose landmark law, the 2002 Sarbanes-Oxley Act, required more transparency in corporate financial reporting, died Sunday at age 87. ESG oversight: Corporate director’s guide. The proposed changes reflect regulatory fears that U.K. companies will be tempted to hide the scale of their financial losses as the effects of the coronavirus pandemic continue to dent balance sheets. Artificial intelligence. Top ethics and compliance failures of 2020, Paul Sarbanes, co-author of SOX accounting law, dies at 87, Ex-KPMG exec avoids prison in final cheating scandal sentencing, Congress passes bill forcing Chinese companies to comply with U.S. audit rules, Gartner report: How coronavirus has altered audit risks for 2021, Report shows Big Four stranglehold in U.K. near unavoidable, Lookers discloses $60.5M loss following accounting fraud probe, U.S. regs urge banks to transition from LIBOR ‘as soon as practicable’, PCAOB to adopt SEC auditor independence updates, Things to consider for companies preparing for 2020 year-end audits, FASB delays, eases early adoption for long-duration insurance standard, Audit committee best practices for understanding and acting on cyber-threats, ESMA review slams German authorities’ supervision of Wirecard, JPMorgan Chase facing potential fine for internal control deficiencies, California accounting board fines KPMG $1.3M for cheating scandal, FRC: Major audit quality at Grant Thornton UK, Mazars ‘unacceptable’, White paper: 15 Critical Success Factors for Your Equipment Leasing Program, GE reserves $100M for potential SEC accounting enforcement, e-Book: IIA Three Lines Model: Reading between the lines, FRC pushes for clarity on audit’s role in finding fraud, FASB proposes three amendments to leases standard, How auditors can help companies with non-GAAP measures, KPIs, CAMs, coronavirus highlight audit committee transparency report, Chief Auditor Zietsman to join PCAOB board, Split SEC loosens conflict-of-interest rules for independent auditors, Webcast: Innovations emerge as internal audit adapts, Ex-KPMG partner avoids prison in cheating scandal sentencing, SAExploration accused of $100M accounting fraud, U.S. agencies get nod for using data, smart incentives in enforcement, GE facing potential SEC action over accounting issues, Deloitte: Top-of-mind challenges for Q3 financial reporting, EY allegedly flubbed Wirecard dealings worse than we thought, HP fined $6M for disclosure violations and control failures, ‘Audit in Action’: BDO partner shares data analytics journey, SEC charges Manitex, three former execs with accounting fraud, Fiat Chrysler fined $9.5M for ‘misleading disclosures’ on diesel emissions, Two companies charged in landmark SEC data analytics cases, Survey: Practitioners weigh in on IIA’s new Three Lines Model, Internal whistleblower exposes fraud at Illinois engine manufacturer, Lighting company, four executives fined for improperly booking revenue, Chinese regulator fines Luckin Coffee, affiliated groups $9M, FRC fines Deloitte record $19.4M for Autonomy audit failures, EY chairman: Auditors should work harder to find fraud, CPE Webcast: Ground rules for ensuring SOX compliance from anywhere, PCAOB adds independence, evidence projects to agenda, e-Book: Agile Lease Accounting During Uncertain Times, Report: 2019 restatements at 19-year low; revenue still top issue, FBI reforms compliance procedures, to establish new audit office, Samsung heir indicted on market manipulation, accounting fraud charges. By Liz Alderman and Christopher F. Schuetze. Register today! 2020-10-01T20:08:00+01:00By Jaclyn Jaeger. Get deep insights and breaking-news updates, delivered by the top experts in your accounting specialization as you earn CPE credits, expand your professional reach and challenge yourself within your chosen profession. 2020-09-02T17:24:00+01:00By Jaclyn Jaeger, Compliance reforms set to take place at the FBI include enhanced training and oversight mechanisms and a newly created office to carry out “rigorous and robust auditing.”, 2020-09-01T15:36:00+01:00By Aaron Nicodemus. 2020-10-02T17:05:00+01:00By Compliance Week. 2020-10-27T06:15:00+00:00Provided by Workiva. About About. General Electric revealed in a regulatory filing that it is facing a civil injunctive action from the Securities and Exchange Commission regarding accounting issues tied to its legacy insurance portfolio. FBLA offers over 70 skills-based competitive events for high school students. Tue, Jun 23rd 2020. Virtual conference experience. 2020-11-04T20:48:00+00:00By Jaclyn Jaeger. The Financial Accounting Standards Board has issued ASU 2020-05, Revenue from Contracts with Customers (Topic 606) and Leases (Topic 842) Effective Dates for Certain Entities.ASU 2020-05 finalizes the effective date changes discussed below. 9 Date: March 25, 2020. Read our guidance on how current events are impacting specific financial areas. News and intelligence for Australian Accountants, focusing specifically on issues and industry developments that are of significance to the accounting profession. 2020-09-30T15:54:00+01:00By Jaclyn Jaeger. Ryan Browne Fri, Aug 28th 2020 SEC charges Super Micro and its former CFO with accounting violations Tue, Aug 25th 2020 Judge throws out Trump challenge to Manhattan DA subpoena for tax records Current Events Accounting Assignment Submit your write-up by uploading a PDF or Word Document to Canvas. The amendments in this Update are effective for all entities as of March 12, 2020 through December 31, 2022. Here are tips and recommendations on how to hire a C.P.A. Explore our insight. General Electric has set aside $100 million relating to a potential SEC enforcement action that could encompass several areas of alleged accounting failures. CiteScore values are based on citation counts in a range of four years (e.g. It’s no surprise that in a year like no other, there are a number of factors to consider for year-end audits that you might not be used to thinking about. Participants will be eligible for 1.5 CPE credits in the field of accounting for attending one of the three sessions. 2020-09-23T14:50:00+01:00By Maria L. Murphy. 2020-10-20T16:33:00+01:00By Jaclyn Jaeger. They commenced an immediate investigation that included taking certain systems offline and working with computer forensic specialists to determine the nature and scope of the event. Cyber-Risk & Data Privacy Summit: Jan. 21-22 (virtual), Inside the Mind of the CCO: 2020 a year like no other, Special report: Leadership in a time of unpredictable change, e-Book: The Benefits of Centralizing and Automating Entity Management, e-Book: Machine learning will (eventually) help win the war against financial crime, e-Book: Tools, tips, and tactics for thwarting money launderers. 2020-## Accounting implications of the effects of coronavirus At a glance This In depth considers the impact of the new coronavirus (‘COVID-19’ or ‘the virus’) on the financial statements The current U.S. unemployment rate is 6.7% for November 2020, the Bureau of Labor Statistics (BLS) said in its monthly report on Friday. A few clear cut reasons accounting is essential to include taxes and money management. Accounting Today April 2020. Accounting Today May 2020. Find and shop personalized promotional products featuring your custom designs for national recognition events and … FASB Issues Accounting Standards Update 2020-10, Codification Improvements [10/29/20] ASU 2020-10 FASB Issues Proposal to Clarify Scope of Recent Reference Rate Reform Guidance [10/29/20] 2020-10-30T16:04:00+00:00By Kyle Brasseur. The insolvent payments company used fake sales to dupe banks into lending it $3.7 billion, prosecutors said. Your Taxes 2020 Your 8 Most Vexing Tax Questions, Answered. There are 25 days left in the year. The study of accounting is a booming field as well. Four company executives have been fined as well. The Amendment defers the effective date of Classification of Liabilities as Current or Non-current to annual reporting periods beginning on or after 1 January 2023. Rise of Accounting Software Solutions. Delve into the data and trends with expert analysis to amplify your M&E program. The standard requires compliance with any specific IFRS applying to a transaction, event or condition, and provides guidance on developing accounting policies for other items that result in relevant and reliable information. ... marking a changing of the guard after a decade under current chairman Urs Rohner punctuated by regulatory fines and scandal. Accounting Today March 2020. The two ty The rate is close to double the 3.5% rate in February, before the COVID-19 pandemic. Starting Up Starting a Business Ask an Expert Mentoring ... Track Your 2020 Expenses Seamlessly with … 29 May 2020 The ASC has submitted its comment letter to the IASB on ED/2020/3 Classification of Liabilities as Current or Non-current — Deferral of Effective Date (Proposed amendment to IAS 1). Mobile App White Papers Advertise Reprints. 2020 Current Events When people are searching the web for current events summaries they can trust, they almost always end up on Infoplease.com. Current Events Accounting Assignment Submit your write-up by uploading a PDF or Word Document to Canvas. Depending on the situation, such events may or may not require disclosure in an organization's financial statements. 2020-10-13T20:10:00+01:00By Jaclyn Jaeger. The daughter of Angola’s former president may face charges of corruption that was made easier by established business advisers. Case Studies Audit Data Analytics Accounting Profiles Investigation Health Care Career Global. 2020-10-30T14:58:00+00:00Provided by LeaseAccelerator. As the accounting profession continues to build trust, create opportunity and grow prosperity amid the global pandemic, the AICPA has implemented numerous advocacy initiatives, built coalitions, created tools and provided leadership that simultaneously propels the profession while addressing its issues and concerns. Welcome to your guide to event marketing in 2020 and beyond. The Financial Accounting Standards Board finalized an update to its standard on accounting for long-duration contracts at insurance companies that will delay the effective date by one year and ease compliance burdens for early adopters. A damning report by the EU’s securities markets regulator found numerous shortcomings in German authorities’ supervision of Wirecard’s financial reporting leading up to its collapse surrounding a $2 billion accounting scandal. After delaying for eight months its 2019 audited financial statements, U.K. car dealership chain Lookers has disclosed a £45.5 million (U.S. $60.5 million) loss following discovery of accounting fraud by a former employee. Whether you need CPE or CLE credits, or are simply interested in staying on top of the latest and most important information for your business or industry, we've got you covered. A Connecticut industrial lighting company has been fined $1.25 million by the SEC for falsely booking $55 million worth of sales on its financial statements over four years.
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