Accounting
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FASB Seeks Comment on Financial KPIs
N.Y. Congressman Requests Trump’s Support For Tax Cap Elimination
AICPA News – Nov. 2024
Chicago Aldermen Give Mayor Brandon Johnson’s $300M Property Tax Plan the Boot
U.S. Retail Group Supports Repeal of Obamacare
Retailers oppose proposals to cap the current exclusion from taxable income of employer-provided health benefits, and NRF has been working to educate lawmakers on the consequences of taxing health benefits. While House Republican leadership proposed ...
Spreading the Green: St. Patrick’s Day Spending Expected to Top $5.3 Billion
Americans will spend more than ever as they put on their favorite green outfits to celebrate St. Patrick’s Day this year, the National Retail Federation said today. According to NRF’s annual survey conducted by Prosper Insights & Analytics, spending ...
CFOs Waste Nearly One Day a Week Resolving Staff Conflicts
Executives today are being sidetracked by peace negotiations among staff when that time could be better spent negotiating business deals. In a new survey from Accountemps, CFOs said they spend, on average, 15 percent of their time -- or six hours a week.
KPMG Elects Bill Thomas as Global Chairman
Thomas was CEO and Senior Partner of KPMG in Canada from 2009 to 2016, leading the firm in achieving strong growth in the market, and making strategic investments that contributed to expanding the firm’s capabilities. In his 28 years with KPMG, ...
Is There a Link Between Stock Options and Accounting Fraud?
A 2014 Harvard University study concluded that the average CEO compensation makeup for a Standard & Poor’s 500 company was comprised of 57.2 percent stock award and options. This statistic asserts that the average S&P 500 corporation compensates its ...
Business Optimism Highest Since 2004
Business executives are reporting their highest level of optimism about prospects for the U.S. economy in more than a dozen years, according to the first-quarter AICPA Economic Outlook Survey, which polls chief executive officers, chief financial ...
U.S. Lags Behind Other Developed Nations on Women’s Role in Business Leadership
Grant Thornton’s global report shows that developing regions continue to outperform developed economies in terms of diversity in senior management. Eastern Europe performed best, with 38 percent of senior roles held by women in 2017, up from ...
FASB Proposes Simplifying Nonemployee Share-Based Payments
The Financial Accounting Standards Board (FASB) has issued a proposed Accounting Standards Update (ASU) intended to reduce cost and complexity and to improve financial reporting for nonemployee share-based payments. Stakeholders are encouraged ...