Thursday, December 30, 2021

SASB continues to add projects despite mergers | Accounting Today

The Value Reporting Foundation's SASB Standards Board decided to initiate two new standard-setting projects this month, even though it's being absorbed into a new International Sustainability Standards Board by next June.

The ISSB plans to focus initially on standards related to climate disclosures due to the urgency of global climate change, but it plans to consult on other projects to add to its agenda.

Publisher: Accounting Today
Date: 2021-12-29T19:01:15.204
Author: https www accountingtoday com author michael cohn
Twitter: @AccountingToday
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Accounting Services Global Market Report 2022

Major companies in the accounting services market include PwC, Ernst & Young, KPMG, Deloitte Touche Tohmatsu Limited, ADP LLC, BDO LLP, Paychex Inc. , Grant Thornton LLP, RSM International and H&R Block Inc.

EV stocks are being dumped as a group today, even with these three names reporting good news recently.

Twitter: @Yahoo
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Farmington hires accounting firm to take on treasurer duties - CentralMaine.com

FARMINGTON — Selectmen voted 4-1 Tuesday night to hire Berry-Talbot-Royer, a certified public accounting firm in Falmouth, to handle some town treasurer responsibilities.

Treasurer LucyAnn Cook resigned earlier this month, and the one applicant for the position was not qualified, Town Manager Christian Waller said.

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Publisher: Kennebec Journal and Morning Sentinel
Date: 2021-12-29T03:19:44 00:00
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End of year accounting advice
Publisher: FOX 5 DC
Twitter: @fox5dc
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IMA outlines entry-level skills for accountants | Accounting Today

The Institute of Management Accountants released a report describing the essential competencies it sees as necessary for all entry-level accountants.

"Skill sets that were sufficient in the past are no longer adequate for meeting the needs of today's professional accountant," said IMA Research Foundation Committee chair Raef Lawson in a statement.

Publisher: Accounting Today
Date: 2021-12-29T19:56:22.962
Author: https www accountingtoday com author michael cohn
Twitter: @AccountingToday
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Forbes Names LBMC a 2022 America's Best Tax and Accounting Firm in the Nation | Associated Press

"We are proud to be recognized by Forbes for the second straight year and are honored to earn spots on both esteemed lists this year," said Jeff Drummonds, LBMC's CEO.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211229005046/en/

Publisher: WFMZ.com
Author: Business Wire
Twitter: @69News
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Banks Back Ditching Special Accounting Rules for Troubled Debt

Banks back a proposal to nix special U.S. accounting requirements for breaks that they offer cash-strapped borrowers, but don't like the idea of creating new disclosures about these breaks, they told accounting rulemakers.

Twitter: @tax
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IRS making strides on helping non-English speakers and visually impaired | Accounting Today

The Internal Revenue Service has been stepping up its efforts to provide tax information and resources to taxpayers with limited English proficiency and visual impairments, but more work is needed, according to a new report.

"To better assist LEP taxpayers, the IRS created Schedule LEP, 'Request for Change in Language Preference,' for taxpayers to include with their tax return stating their language preference for communicating with the IRS, created a dedicated multilingual toll-free telephone line to assist

Publisher: Accounting Today
Date: 2021-12-29T21:38:34.551
Author: https www accountingtoday com author michael cohn
Twitter: @AccountingToday
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Net-Zero Promises Will Trigger Accounting Changes, Just Not Yet

Scores of companies, from Amazon.com Inc. to Uber Technologies Inc., have pledged to get to net-zero carbon emissions by 2040.

Commitments to reduce reliance on fossil fuels by closing smoke-spewing factories or switching to hybrid or electric vehicles all cost money, and these commitments will have financial accounting implications.

Twitter: @tax
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