Stablecoins offer tremendous promise, but to go mainstream the accounting and reporting issues need to mature and catch up.
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In other words, the core value proposition of stablecoins might actually be a headwind to the wider adoption these cryptoassets were created to achieve.
The concept of stablecoin seems to represent the best of both worlds when comparing fiat and cryptocurrencies, a cryptoasset that is supported, tethered, or otherwise connected to an underlying asset. Whether or not the cryptoasset is connected to an existing fiat currency, such as the US Dollar, or some other external asset such as gold or oil, the purported use case is the same.
In case you are keeping track:
Global Forensic Accounting Market Report 2020 - Impact of COVID-19, Trends & Developments,
The Global Forensic Accounting Market is expected to witness a brisk growth rate during the next five years.
Forensic accounting uses efficient investigation skills to keep a track of the complex financial records in order to solve finance-related problems and cybercrimes. Moreover, forensic accounting helps to reduce risks associated with contracts, thereby, fueling the forensic accounting market, globally.
Time to revisit 'It will never work' | Accounting Today
Leaders look around corners. How many times have we heard this? But weren't we talking about preparing for disruption from an unexpected business competitor, or a sudden change in customer expectations due to shifting demographics? Enterprise risk management teams have modeled scenarios such as natural disasters, civil unrest, low interest rates and, yes, even a pandemic. However, most of us were not prepared for a pandemic comparable to the 1918 Spanish Flu.
While there are many things outside our control in the current environment, I have confidence that our resilience will prevail. We need businesses both small and large across industries and geographies to help us get through these unpredictable times. In revisiting ideas we thought would never work, we need a new lens to uncover untapped opportunities. As a concept, "business as usual" no longer exists. Businesses can't simply return to the way things used to be.
Stetson's accounting program gets high marks | Business | beacononlinenews.com
BUSINESS TAUGHT HERE — The Lynn Business Center houses all the programs offered by Stetson's School of Business Administration, including the M.E. Rinker Sr. Institute of Tax and Accountancy.
In the latest National Association of State Boards of Accountancy (NASBA) report, Stetson University's accounting program placed in the top 5 percent (13 out of 278 institutions) among medium-sized programs worldwide in relation to average student pass rates for first-time Uniform Certified Public Accountant (CPA) Examination test-takers.
In case you are keeping track:
O.J., accounting fraud, Icahn: The story of Hertz going bust | Accounting Today
The short version of Hertz Global Holdings Inc.'s bankruptcy story goes something like this: Global pandemic obliterates the travel business and lands an iconic 102-year-old company in court to seek protection from creditors.
The long version is a fable about what happens when a company relies on accounting and consolidation to keep shareholders happy. It's a tale of lurching from one CEO to another and management teams failing to stay attuned to consumer tastes.
Hillary H. Salo Named Technical Director of the Financial Accounting Standards Board
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200527005583/en/
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Ms. Salo, who began her accounting career as a FASB postgraduate technical assistant, rejoins the organization from the New York City office of KPMG LLP, where she was a partner in the audit practice and engagement partner for a large global financial services organization.
ICPAS announces 2020 academic scholarship recipients | Accounting Today
The Illinois CPA Society of CPAs has awarded $84,000 in scholarships to 43 local accounting students as part of its Accounting Scholarship Program.
The program supports accounting students at Illinois colleges and universities who show strong academic performance, leadership and financial need. This year, minority high school seniors were invited to apply for new freshman scholarships, which aim to boost awareness of the profession to minority students and prepare them for success in academia.
Samsung heir summoned for questioning in accounting probe | Accounting Today
South Korean prosecutors have summoned Samsung Electronics Co. Vice Chairman Jay Y. Lee for questioning in an ongoing investigation into alleged accounting fraud and a controversial 2015 merger of two Samsung affiliates, dealing another legal blow to the country's largest corporation.
While expected, the decision marked a deepening of a long-running probe into the billionaire scion and his shipbuilding-to-smartphones Samsung Group conglomerate. The company's de-facto leader was called into Seoul Central District Prosecutors Office at 8 a.m. local time Tuesday in relation to allegations over illegal acts in succession plans, the Yonhap News Agency reported.
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FNZ signed a deal with FinSwitch to provide a blockchain-enabled administration platform. ChainClear is powered by… https://t.co/T119SZ8qDV Hyperledger (from San Francisco, CA) Wed May 27 16:30:00 +0000 2020
Convergence of #VR & #SocialMedia is already beginning to gain momentum. #Blockchain #technology will likely play a… https://t.co/VsajFhExXT CathyHackl (from Washington, DC) Wed May 27 14:30:26 +0000 2020
Theta Live Embed partners go live every week! Welcome @gamergoo and check out live blockchain-powered… https://t.co/wu7bZpLOOs Theta_Network (from San Jose, CA) Thu May 21 17:21:31 +0000 2020
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