Friday, March 12, 2021

Wanted: More systems and analytics training for accounting students

College and university accounting departments should update their curricula to meet the demands of practice, an AICPA-National Association of State Boards of Accountancy (NASBA) gap analysis survey found.

Though around two-thirds of departments now teach data analytics (64%) and IT audit (63%), far fewer teach topics such as cybersecurity, IT governance, and Systems and Organization Control engagements. Of the departments that teach these topics, the survey found, many cover them in only a handful of class sessions or relegate them to Accounting Information Systems (AIS) courses.

Publisher: Journal of Accountancy
Date: 2021-03-12T07:00:00.000-05:00
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While you're here, how about this:

Global Accounting Services Market Report (2021 to 2030) - COVID-19 Impact and Recovery -

This report provides strategists, marketers and senior management with the critical information they need to assess the global accounting services market as it emerges from the COVID-19 shut down.

The global accounting services market is expected to grow from $544.06 billion in 2020 to $573.29 billion in 2021 at a compound annual growth rate (CAGR) of 5.4%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges.

Twitter: @Yahoo
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ABQ accounting firm awards scholarships to Native students » Albuquerque Journal

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Author: Theresa Davis Journal Staff Writer
Twitter: @abqjournal
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Tax Fraud Blotter: Rep rap | Accounting Today

In early 2016 Parker-Greene managed a prep business and conspired with another preparer to fraudulently inflate clients' refunds by claiming false wages, federal income tax withholdings and dependents. Between 2017 and 2018, Parker-Greene operated a prep business out of her home and continued to prepare false returns for clients.

The false returns prepared by Parker-Greene and her co-conspirator sought to defraud the IRS of more than $550,000.

She faces a maximum of five years in prison, a period of supervised release, restitution and monetary penalties.

Publisher: Accounting Today
Date: 2021-03-11T21:02:56.559
Author: https www accountingtoday com author jeff stimpson 1641
Twitter: @AccountingToday
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In case you are keeping track:

Financial Series Part III: Managerial Accounting | the American Booksellers Association

On Thursday, March 4, the American Booksellers Association presented an education session dedicated to managerial accounting, hosted by ABA CFO PK Sindwani and Accounting Coordinator Ana Gonzalez.

This session was the last in a three-part financial planning series for bookstores. Booksellers can view a recording of the previous sessions and access handouts on the Education Resources page on BookWeb.org .

Publisher: the American Booksellers Association
Date: 2021-03-10T11:43:06-05:00
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NJ accounting group presses for new tax filing extension - NJBIZ
Publisher: NJBIZ
Date: 2021-03-11T13:41:52 00:00
Author: Daniel J Munoz
Twitter: @NJBIZ
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Deloitte Faces U.K. Accounting Probe Into Lookers Audits

(Bloomberg) -- Deloitte LLP faces a probe by the U.K.'s accounting regulator into its audits of financial statements by Lookers Plc.

The Financial Reporting Council on Friday said its enforcement division will investigate the audits for the years 2017 and 2018.

The probe comes amid criticism the Big Four accounting firms have been facing for years for their audit shortcomings. In January, Deloitte was criticized by the FRC over its audits for Autonomy Corp.

Twitter: @Yahoo
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Cinedigm Names Cheryl Odoardi Senior Vice President of Finance and Accounting

Odoardi brings extensive global financial leadership expertise with more than 25 years in the technology, media, entertainment and consumer products industries. She has strengthened, streamlined and scaled organizations driving EBITDA growth. Prior to joining Cinedigm, Odoardi held executive financial leadership positions at NBCUniversal, BCBGMAXAZRIA Group, Biogen, NLG, The Learning Company and RB Media where she was the Chief Financial Officer.

"We are thrilled Cheryl has joined our team in such an important role at a pivotal time for our Company," said Loffredo. "Cheryl's operational and strategic financial leadership experience will be invaluable for us to drive equity value while maintaining financial discipline during a period of exponential growth."

Twitter: @Yahoo
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