Tuesday, October 5, 2021

Lawmakers seek details on accounting firms after a New York Times report. - The New York Times

Two Democratic lawmakers are seeking information from the country's biggest accounting firms about the revolving door between the firm's tax departments and top positions at the Treasury Department.

Senator Elizabeth Warren of Massachusetts and Representative Pramila Jayapal of Washington made the request after The New York Times detailed how multinational accounting firms effectively draft tax rules from inside the government that benefit their clients.

Date: 2021-10-05T18:35:39.000Z
Twitter: @nytimes
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AccountingWEB Announces New Exhibition in 2022 for Small to Mid-Sized Accounting Firms | Business

"Whether it's help in adopting new technology or wrangling the complexities of compliance, AccountingWEB has strived to meet the real world needs of its audience – turning knowledge and strategy into opportunity and growth," explained Tom Dunkerley, Sift CEO.

AccountingWEB.com is the leading online business community for certified public accountants (CPAs) and accountancy professionals providing news, software tools and guidance from leading industry voices.

Publisher: Valdosta Daily Times
Twitter: @TheVDT
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FloQast TakeControl Event Builds Community, Shares Best Practices and Accelerates Accounting

Event introduces new awards program recognizing accounting professionals' pursuit of operational excellence

TakeControl 2021 Highlights FloQast Industry Awards
Central to the event was the recognition of world-class accounting professionals and FloQast customers excelling in their pursuit of operational excellence.

Twitter: @Yahoo
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Do Companies Time Changes In Accounting Estimates To Meet Analyst Forecasts?

In this new paper by a group of academics from the University of Richmond (and elsewhere), the authors explore whether companies might be timing when they record changes in their accounting estimates (CAEs) to meet earnings benchmarks.

In August, the SEC announced settled charges against Healthcare Services Group, Inc.

Author: In this new paper by a group of academics from the University of Richmond and elsewhere the authors explore whether companies might be timing when they record changes in their accounting estimates
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Private companies continue to delay lease accounting implementation | Accounting Today

Privately held companies are putting off implementation of the new lease accounting standard, even as the effective date approaches.

Last year, in response to the pandemic, the Financial Accounting Standards Board delayed the effective date for the leases standard for nonpublic entities until Dec. 15, 2021, after postponing the effective date earlier.

Publisher: Accounting Today
Date: 2021-10-05T19:43:38.059
Author: https www accountingtoday com author michael cohn
Twitter: @AccountingToday
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BRCC Accounting Instructor Capitalizes On Experience - The Transylvania Times

Blue Ridge Community College students who study accounting have a new mentor on campus, Ashley Larach.

Larach, who is a certified public accountant (CPA) and is finishing a Master's in accounting at Western Governors University, joined the Blue Ridge faculty in January. Larach brings over 13 years of professional experience in accounting to the classroom.

Publisher: The Transylvania Times
Author: The Transylvania Times
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Warren Buffett's secret to accomplishing what's most important | Accounting Today

First a quick story. During a cross-country flight, Buffett's personal pilot once asked him how such a busy man sets his priorities.

Buffett believes the bottom 20 items on your list are dangerous because they're not important enough to matter, but they're seductive enough to distract you from what matters most.

Publisher: Accounting Today
Date: 2021-10-05T16:59:48.455
Author: https www accountingtoday com author kyle walters
Twitter: @AccountingToday
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SIUC, Chicago college sign agreement to improve access for students in accounting

CARBONDALE, Ill. (KFVS) - Southern Illinois University Carbondale entered an agreement with City Colleges of Chicago to improve access for students in accounting.

The two institutions signed agreements at Harold Washington College for equity in accounting and renewal of Star Scholars.

Publisher: https://www.kfvs12.com
Twitter: @kfvsnews
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