Saturday, October 3, 2020

Employers added 661K jobs in September, including 2.2K in accounting | Accounting Today

The unemployment rate declined by 0.5 percentage points to 7.9 percent in September, the U.S. Bureau of Labor Statistics reported Friday, as employers added 661,000 jobs, including 2,200 in accounting and bookkeeping.

The labor market improvements reflected the continued economic recovery despite the novel coronavirus pandemic and efforts to contain it. However, stocks fell sharply Friday after news Thursday night that President Trump and First Lady Melania Trump have both tested positive for COVID-19.

Publisher: Accounting Today
Date: 2020-10-02T14:47:36.715
Author: https www accountingtoday com author michael cohn
Twitter: @AccountingToday
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Were you following this:

Epic Charter Schools calls state auditor's report on accounting practices 'fiction' | Local News

A day after the announcement of findings in a state auditor's investigation of Epic Charter Schools, officials with Epic fired back, providing responses and documentation that they say "sets the record straight."

"This isn't the first time we've been subjected to political scrutiny, nor were the allegations new," Shelly Hickman, Epic assistant superintendent, said.

"The findings were presented with over-the-top sensationalism guaranteed to stir up defenders of the education status quo because we are growing, and they are struggling."

Publisher: Tulsa World
Date: 2020-10-02T18:15:00-0500
Author: Tim Stanley Tulsa World
Twitter: @tulsaworld
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PCAOB sanctions Marcum from doing China audits | Accounting Today

The Public Company Accounting Oversight Board has imposed a $250,000 penalty on Marcum LLP and its Marcum Bernstein Pinchuk unit over audits of Chinese companies and prohibited the firm from auditing clients in China for three years.

Drew Bernstein, a co-founder and managing partner of Marcum BP, told Accounting Today recently during an interview before the latest PCAOB sanctions were announced why he thinks Chinese companies remain good investment opportunities despite the attempts by the PCAOB, the SEC and the Trump administration to crack down on Chinese firms and trade.

Publisher: Accounting Today
Date: 2020-10-02T20:10:37.587
Author: https www accountingtoday com author michael cohn
Twitter: @AccountingToday
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$1.7M Adkerson Foundation gift creates online MSU master's accounting programs, minority

STARKVILLE, Miss.—The Richard C. Adkerson Family Foundation addresses two significant issues facing the southeastern United States with a gift to its namesake's alma mater, Mississippi State University.

The more than $1.7 million gift will strengthen accounting education through accessibility by establishing two online graduate-level degree programs for the Richard C. Adkerson School of Accountancy and bring fellowships to African Americans who enroll full time in the programs.

Publisher: Mississippi State University
Date: 2020-10-01T08:45:08-05:00
Author: ITS Web Development Team
Twitter: @msstate
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Quite a lot has been going on:

People & firms on the move: Anderson ZurMuehlen appoints new CEO | Accounting Today

Crowe releases survey on 2020 business challenges; Katz, Sapper & Miller names first non-CPA CEO; and more CPA news.

Publisher: Accounting Today
Date: 2020-10-02T14:49:38.305
Author: https www accountingtoday com author danielle lee
Twitter: @AccountingToday
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Great Falls man named as new CEO of Montana accounting agency

Anderson ZurMuehlen has been around for 63 years with seven locations across the state. They've expanded from traditional accounting, tax, and audit services, to now include technology services as well with AZTS based in Helena.

Reisig has been with the company since 2011. He's the company's first CEO to be based in Great Falls rather than in Helena.

"I'm looking forward to a different train of thought. I'm looking forward to doing whatever I can to make sure our employees are as successful as they possibly can be," said Reisig.

Publisher: KRTV
Date: 2020-10-02T23:41:16.943
Author: https www krtv com shannon newth
Twitter: @KRTV
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Showdown Looms on Cost Accounting Standards

The Federal Circuit’s decision in The Boeing Company v. United States clears the way for resolution of Boeing’s substantive challenge to a controversial Federal Acquisition Regulation provision that can give the government windfall recoveries in Cost Accounting Standards (CAS) matters. The case is notable for several reasons. 

First, the court clarified the circumstances in which a contractor will be found to have waived its rights to object to a FAR provision.

Date: 637373385130561602
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The Impact Of Digitalisation On Traditional Accounting System

Over the last few years, technology has transformed how we manage different aspects of business operations and accounting is no exception

Machine Learning and AI, the fast-evolving technologies, enable the software to learn on its own and improve results without requiring human intervention

Digitisation of operations is not only beneficial for those working within the organisation but also for the clients

Publisher: Inc42 Media
Date: 2020-10-03T11:08:35 00:00
Twitter: @inc42
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