Accounting
Top stories summarized by our editors
6/21/2018

Scams to reach retirement accounts are becoming progressively more sophisticated.

6/21/2018

Saving for retirement doesn't have to be stressful if you follow certain tactics, such as automating contributions to retirement accounts. Stop worrying about past mistakes, and talk out anxieties about the future with a trusted friend.

6/21/2018

More baby boomers are reaching retirement age, and programs such as Social Security could feel the strain as the population gets older. Last year, the US had 25 people age 65 or older for every 100 working-age people, according to Census Bureau data.

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Census Bureau, Census Bureau
6/21/2018

In a little-noticed provision, the Tax Cuts and Jobs Act has changed how accrual-method taxpayers determine when to recognize income for federal tax purposes. Here's what practitioners need to know about the act's amendments to Sec. 451, which fundamentally alter the relationship between financial and tax accounting.

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The Tax Adviser
6/21/2018

Jeff Nischwitz, a leadership author, coach and speaker, explains in this podcast how managers can use soft skills to set clear expectations and to create a culture of accountability.

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Financial Management
6/21/2018

Artificial intelligence and automation have potential to reshape the economy, but it remains to be seen exactly what that means for workers. The US has lost middle-class jobs in areas such as manufacturing and data processing.

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AI
6/21/2018

The volume of applications last week for mortgages in the US shot up at the fastest pace in five months, the Mortgage Bankers Association said. The surge came as the interest rate for 30-year "conforming" mortgages held steady and as interest charged on 30-year loans backed by the Federal Housing Administration declined slightly.

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Reuters
6/21/2018

Nicholls was senior vice president of industrial packaging for the Americas and had served as CFO from December 2007 to November 2011.

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International Paper
6/21/2018

The Committee of Sponsoring Organizations' Enterprise Risk Management -- Integrated Framework recommends that an enterprise risk-management approach should supplant a siloed IT approach to address growing technology risks. "Risk professionals generally agree that fewer controls that target specific risks are preferable and more cost beneficial than implementing large catalogs of controls," CPA Joel Lanz writes.

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The CPA Journal
6/21/2018

Several areas can present difficulties as shipping and transport companies work to meet the Sarbanes-Oxley Act's requirements related to internal controls. These include reviewing the assurance reports on the internal controls of third-party service providers and testing plans for disaster recovery and business continuity.

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Sox