Rafael Henrique | LightRocket | Getty Images A British man was arrested Wednesday in Spain in connection with the 2020 hack of Twitter accounts belonging to Apple, President Joe Biden, former President Barack Obama, Tesla chief Elon Musk, Warren Buffett, Microsoft founder Bill Gates and more than 100 others to swindle their followers out of […]
Archives for July 2021
Audit committees benefit from including experts with accounting experience, study finds | The University of Kansas – KU Today
LAWRENCE — It seems like common sense that an audit committee might want to include individuals who have accounting experience. That’s not always the case. “It’s not necessarily that auditors are acting nefariously when they over-audit. It’s just that people respond to incentives, and auditors have an incentive to protect their reputations and avoid inspection […]
Kubernetes Cloud Clusters Face Cyberattacks via Argo Workflows
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Carson Group taps FPA’s top editor for advisor content role
Fresh off a private equity infusion and billion-dollar valuation, one of the largest hybrid RIAs is investing in financial advisor content with a new hire for its coaching arm. Carson Group — the firm whose minority stake was acquired last week by Bain Capital — appointed ex-FPA Publications Editor-in-Chief Ana Trujillo Limón to be the […]
Voices The sad state of accounting standards – Accounting Today
The Wall Street Journal reported on July 1, 2021, that the International Accounting Standards Board, the accounting body that sets the financial reporting rules of public companies in more than 140 jurisdictions ― but not in the U.S. — got a new chief: Mr. Andreas Barckow, who until now served in a similar role in […]
Developing A “Good Enough” Mindset To Increase Financial Contentment
Executive Summary In his book The Paradox of Choice: Why Less is More, author Barry Schwartz identifies two personality types: Satisficers, who tend to be content with having just enough, and Maximizers, who continually strive to attain and achieve more, no matter how far they get. Given their different outlooks, Maximizers and Satisficers have strikingly […]
55% of women finance workers ‘stressed’ by pandemic
A new survey by a Financial Planning professional body has revealed that 55% of women have suffered from “stress, anxiety or depression” in the past year. The 43,000-member CISI’s latest annual member survey found that women in particular have been facing increased mental health challenges due to the pandemic. Some 55% of women said they […]
7 Ways a Financial Audit Will Help Keep Your Business on Track
Success starts with a good financial strategy. It is part of the enduring conflict between working in the business and working on the business. Small business owners focused on creating and delivering their product or service may neglect the strategic activities that keep the company healthy and growing. Things continue along with happy customers and […]
IRS launches ‘Tax Pro Account’ feature
The IRS unveiled a new online feature on Monday known as the “Tax Pro Account,” the purpose of which, for now, is to automate the submission of powers of attorney (POAs) to authorize tax practitioners to represent individual taxpayers and tax information authorizations (TIAs) to view those taxpayers’ accounts. But the IRS ultimately has bigger […]
GASB revises proposed approach to financial statement notes
GASB issued a revised proposed concepts statement Tuesday that would guide the board when it establishes requirements for notes to financial statements for state and local governments. The proposal updates and revises concepts that were proposed by GASB in February 2020. The revised proposal, Communication Methods in General Purpose External Financial Reports That Contain Basic […]