Tuesday, September 15, 2020

U.K. Names Chief for New Accounting Board - WSJ

The U.K. government named a chairman for a new accounting standards board, which is expected to be operational once the country's transition period with the European Union is over.

Pauline Wallace, a former partner at PricewaterhouseCoopers who also served in several regulatory roles, will head the newly created U.K. Accounting Standards Endorsement Board, according to the Department for Business, Energy and Industrial Strategy.

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Publisher: WSJ
Date: 2020-09-14T21:05:00.000Z
Author: Nina Trentmann
Twitter: @WSJ
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Rosy prospects for accounting, tech grads - SHINE News

Graduates with computer science and accounting degrees tend to have greater job prospects in the autumn campus recruitment market, a new report finds.

Accounting, as a general specialty, has maintained relatively stable demand, online recruiter zhaopin.com noted.

However, competition for accounting positions has been high for a long time and talent supply exceeds demand.

Publisher: SHINE
Date: 2020-09-15 14:32
Twitter: @shanghaidaily
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Northern Trust Launches New Cloud-Based Insurance Accounting and Analytics Application | Business

The advanced cloud-based interface automates and streamlines insurance accounting and reporting processes, allowing for self-service and on-demand analysis of information. Users can interact with their portfolio data through visual dashboards with direct access to underlying securities data. The platform answers the accounting needs of insurers as they face both heightened regulatory reporting requirements and an industry-wide push for digital transformation.

Date: 2020-09-15
Twitter: @businesswire
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Brad Coleman Marqeta | Accounting Today
Publisher: Accounting Today
Author: https www accountingtoday com author brad coleman
Twitter: @AccountingToday
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Patriot Software Implements Machine Learning to Simplify Accounting

Patriot Software, an accounting software and payroll company, has implemented machine learning through the launch of its "Smart Suggestion" feature.

Instead of manually selecting the account for each imported transaction, the software uses machine learning to make account suggestions based on popular account categories, saving customers from the monotony of manual selections. Those who do not want to use the feature can simply turn it off.

Publisher: PRWeb
Date: September 15 2020
Twitter: @PRWeb
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AICPA opens 2020 CAS benchmark survey | Accounting Today

The American Institute of CPAs and CPA.com have announced that the 2020 Private Companies Practice Section Client Accounting Advisory Services Benchmark Survey is accepting submissions.

The annual poll gathers input on key performance indicators, management strategies, staffing and financial results from client accounting service practices across the country.

Publisher: Accounting Today
Date: 2020-09-14T16:01:31.143
Author: https www accountingtoday com author sean mccabe
Twitter: @AccountingToday
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EU commission accused of 'cheating' on net-zero emissions accounting | Environment | The Guardian

The EU executive has been accused of "cheating" on its 2030 climate plans by proposing to include carbon sinks provided by trees and soils in its emissions reduction goal.

The leaked draft regulation states that "by 2030 greenhouse gas emissions should be reduced and removals enhanced, so that net greenhouse gas emissions, that is emissions after deduction of removals are reduced economy-wide and domestically, by at least 55% by 2030 compared to 1990 levels."

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Publisher: the Guardian
Date: 2020-09-14T22:03:32.000Z
Author: Jennifer Rankin
Twitter: @guardian
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Auditor EY expresses 'regret' over failures after Wirecard collapse | Accounting Today

The collapse of Wirecard AG prompted accounting firm Ernst & Young to send a letter to clients expressing "regret" that it failed to uncover fraud at the company sooner.

EY chairman Carmine Di Sibio told clients that the firm was attempting to "raise the bar" to improve its standards.

The Financial Times was first to report the letter to clients. EY confirmed the report in a statement.

Publisher: Accounting Today
Date: 2020-09-15T14:03:50.861
Author: https www accountingtoday com author anthony aarons
Twitter: @AccountingToday
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