A lawsuit from a former member of Nuvance Health's C-suite sheds light on an accounting discrepancy that's the subject of an ongoing investigation.
Diamond's complaint names LaGrangeville, N.Y.-based Nuvance as a defendant, as well as several of its executives, including CEO John Murphy, Chief Financial Officer Steven Rosenberg, Chief Human Resources Officer Catherine Frierson and board members Steven Landt and Mary Madden. Nuvance declined to comment through a spokesman.
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The 64/4 rule | Accounting Today
For me, something as simple as getting to bed by 10 p.m. every weeknight has a huge impact on how my next day and week unfolds. By hitting the sack early, I can get up earlier and get my focus work done during that quiet time, early in the morning, before everyone else in my house is awake. When I get my important work done early, I feel better. I'm set for the day. It has a positive cascading impact.
These tiny things — author James Clear calls them "micro habits" — can have a huge positive impact on how you operate. So many high achievers obsess about getting up early. I know it's macho to brag about how little sleep you get, but the time you get up every morning is driven by when you get to bed. The earlier you get to bed, the earlier you can wake up fully rested without sacrificing essential sleep.
Tax Fraud Blotter: On Top no more | Accounting Today
Grand Prairie, Texas: Preparer Oma Michel Ungu, 61, has been sentenced to 57 months in prison for his role in a more than $2.8 million tax prep scheme.
Between 2013 and 2016, Ungu admitted that Super Professional Tax Services, which he owned and operated, prepared and filed false returns on behalf of clients. Ungu admitted he personally prepared a return in 2015 that falsely claimed that one of his clients had significant unreimbursed business expenses.
Botkeeper raises $25 million to automate accounting tasks | VentureBeat
Botkeeper , a startup developing automated data entry, classification, and reporting solutions for accounting, today announced it has raised a $25 million round. CEO and cofounder Enrico Palmerino said the funding will allow Botkeeper to "double down" on engineering and product development for its enterprise customers.
Studies show the vast majority of day-to-day accounting tasks can be automated with software. That may be why over 50% of respondents in a survey conducted by the Association of Chartered Certified Accountants said they anticipate the development of automated and intelligent systems will have a significant impact on accounting businesses over the next 30 years.
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Capitalizing On the Lease Accounting Deadline Extension - CFO
Traditional lease accounting adoption methodologies involve significant upfront costs, resources and software deployment. The ongoing, sustained compliance with the new lease accounting standards also requires a commitment of internal resources, time, software administration, and training.
Due to these hurdles and ongoing economic challenges, the Financial Accounting Standards Board (FASB) offered a one-year deferral of ASC 842 or private companies, private non-for-profit (NFP) companies, and certain public NFP companies. The Governmental Accounting Standards Board (GASB) offered an 18-month deferral of GASB 87 for government organizations and certain colleges and universities that report under the GASB standards.
Wirecard's future in doubt after revealing missing $2.1B | Accounting Today
Ernst & Young was unable to confirm the location of the cash in certain trust accounts, and there was evidence that "spurious balance confirmations" had been provided, Wirecard said in a statement on Thursday. That's about a quarter of the consolidated balance sheet total, Wirecard said.
"We are stunned," said Ingo Speich, a fund manager at Deka Investments, a top 10 shareholder at the firm. "A new start in terms of personnel is more urgent than ever."
Accounting Clerk - Charlotte Agenda
Overview:
Marsh Properties is seeking a part-time Accounting Clerk to assist with the accounting and finance operations of our apartment portfolio. Total integrity and confidentiality are paramount in our selection, in addition to the Marsh Properties Core Values. Excellent organizational skills and accuracy are a must.
* * *
Responsibilities:
• Post deposits
• Make collection calls
• Process move in and move out activities
• Set up and maintain clients in our bank draft program
• Prepare and communicate Final Account Statement information for/to clients
• Prepare paperwork required for court filings
U.S. Enterprises Move to Automate Their Finance and Accounting Operations Nasdaq:III
STAMFORD, Conn., June 18, 2020 (GLOBE NEWSWIRE) -- Enterprises in the U.S. are increasingly using outsourcing providers to automate their finance and accounting operations, with robotic process automation becoming an integral part of corporate finance functions, according to a new report published today by Information Services Group ( ISG ) (Nasdaq: III ), a leading global technology research and advisory firm.
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