Sunday, March 15, 2020

Accounting profession leaders call for action against climate change - Journal of Accountancy

Leaders of the accounting profession across the world made a united stand Tuesday in calling for accountants to put their skills to work to help businesses fight climate change.

Fourteen accounting bodies representing members worldwide published a call to action urging accounting professionals to put sustainability and the fight against climate change at the forefront of their work.

Publisher: Journal of Accountancy
Date: 2020-02-25T09:00:00.000-05:00
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Solid accounting controls, good communication key to keeping fraud in check | INFORUM
Publisher: INFORUM
Twitter: @INFORUM
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Red Robin names Kristi Belhumeur as new chief accounting officer | Nation's Restaurant News

Red Robin Gourmet Burgers has named Kristi Belhumeur, 39, as the brand's new Chief Accounting Officer.

She starts March 16. Belhumeur previously served as a controller and vice president since April 2019. 

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Belhumeur joins other new leaders at the top. Earlier this year, COO Guy Constant exited. Michael Buchmeier, chief people officer, took over his job. Constant had served in the role since January 2019. He was terminated without cause by the troubled Greenwood Village, Colo.-based casual-dining brand. 

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Publisher: Nation's Restaurant News
Date: 2020-03-13T21:07:19 00:00
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Questions about accounting practices drive SEC investigation into Fluor, internal probe for

Two of the country's largest contractors have delayed their full year 2019 financial reporting in order to more fully look into accounting and estimating practices.

The Securities and Exchange Commission is investigating Fluor Corp. in relation to large charge-offs the company took in the second quarter of 2019, and Granite Construction has launched an internal investigation into prior-period accounting in its heavy civil division.

Publisher: Construction Dive
Date: 2020-03-10
Author: Kim Slowey
Twitter: @constructdive
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Tupperware accounting investigation finds no material impact on financial results, new CEO

Sheila Bair, a former top banking regulator during the 2007-'08 crisis, says the Federal Reserve is 'throwing money in the wrong place,' after it slashed benchmark rates to zero on Sunday and announced an $700 billion Treasury and mortgage bond buying program.

Tonya Garcia is a MarketWatch reporter covering retail and consumer-oriented companies. You can follow her on Twitter @tgarcianyc . She is based in New York.

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Publisher: MarketWatch
Date: 2020-03-12T07:55:03-04:00
Author: Tonya Garcia
Twitter: @marketwatch
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CPA business executives worried about coronavirus | Accounting Today

CPAs who are also business executives are concerned about the potential global fallout from the coronavirus outbreak, although their outlook on the U.S. economy has risen in recent months, according to a new survey by the American Institute of CPAs.

Most CPA business executives said they haven't yet seen an impact from coronavirus, although 21 percent reported at least a slight impact. Those affected said they had seen some combination of supply chain interruptions (10 percent), factory shutdowns in China or other affected regions (7 percent), and decreased sales to China (5 percent) or other markets (3 percent). The survey polls chief executive officers, chief financial officers, controllers and other CPAs in U.S.

Publisher: Accounting Today
Date: 2020-03-05T19:42:35.892
Author: https www accountingtoday com author michael cohn
Twitter: @AccountingToday
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Cybersecurity in a time of coronavirus | Accounting Today

But taxes are not the only thing that make people emotionally and psychologically more vulnerable to scams. Anything that heightens fear and anxiety is a boon to online scammers, which is what makes the current coronavirus pandemic prime time for cybercriminals to try and trick people into giving their money away to the wrong people.

This week, the U.S. Secret Service issued guidance around coronavirus-related phishing scams.

Publisher: Accounting Today
Date: 2020-03-11T15:46:45.237
Author: https www accountingtoday com author ranica arrowsmith
Twitter: @AccountingToday
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SEC Investigating Mattel's Accounting - WSJ

Mattel Inc. is facing fresh scrutiny over an internal probe into accounting issues that the toy maker said it resolved last year.

The maker of Hot Wheels cars and Barbie dolls on Tuesday said that both the Securities and Exchange Commission and attorneys from the Southern District of New York have begun to look into the company's investigation that resulted in plans to change its chief financial officer and restated earnings.

Publisher: WSJ
Date: 2020-02-26T00:05:00.000Z
Author: Paul Ziobro
Twitter: @WSJ
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