Accounting
Top stories summarized by our editors
1/18/2018

"The vast majority of internal audit engagements are positive and constructive," writes IIA President and CEO Richard Chambers. "Yet, try as they might, internal auditors will sometimes find themselves on the receiving end of management's wrath." Chambers offers a few recommendations for how internal auditors can work to diffuse management's rancor.

1/18/2018

In a case of first impression, the Tax Court has held a captive insurance company did not adequately distribute risk or sell insurance in the commonly accepted sense. As a result, its Section 831(b) election to be taxed as a small insurance company was invalid.

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The Tax Adviser
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insurance company, Tax Court
1/18/2018

Summarizing work history can be difficult because you need to encapsulate years of accomplishments in a few sentences. Asking co-workers about your impact and your best personality traits is a good way to start.

1/18/2018

Effective leaders tend to share certain traits, such as a willingness to challenge their assumptions and to embrace transparency. Here are six characteristics business authors often cite.

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Inc. online
1/18/2018

Nobody enters every negotiation from a position of strength, but you always have some leverage. Here's how to make the most of it.

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CPA Insider
1/18/2018

An increasing number of organizations are employing futurists to tell them what the future holds. But who are they, what do they do, and can anyone really predict the future for business and finance?

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Financial Management
1/18/2018

The Dow Jones industrial average rose to 26,115.65 Wednesday, the first time it has closed above 26,000. The 322.79-point increase was the largest one-day gain in 14 months.

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USA Today, Reuters
1/18/2018

Assessments of a company's culture and controls are essential components of a meaningful program for auditing compliance, Michael Volkov writes. Internal audit and the chief compliance officer can work together to implement testing protocols as part of a transparent audit process, Volkov writes.

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JD Supra
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Michael Volkov
1/18/2018

The Department of Homeland Security's recent raids of 100 7-Eleven stores illustrate the importance of staying compliant with Form I-9 requirements to ascertain employees' authorization to work in the US, lawyer Montserrat Miller writes. "Keys to ensuring compliance with the Form I-9 requirements include internal audits, training, preparation and having a plan in place," Miller writes.

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Workforce online
1/17/2018

General Electric CEO John Flannery is considering breaking up the company, via spinoffs or otherwise, in light of more than $11 billion in charges related to an insurance portfolio and the new tax law. Cowen analysts say GE's separate businesses are worth at most $15 per share, which could make a breakup financially unfeasible.

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Reuters, Reuters, MarketWatch
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GE, John Flannery, Cowen, tax law