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Previously settled cases with big banks are being re-opened by prosecutors based on new information about them violating the terms of said settlement, said the New York Times.
New research from the Stanford Graduate School of Business has shown that , by examining 2.8 million small retailers in Texas, entrepreneurial acumen is something that is built up after years of experience in running businesses, rather than some inherent skill that certain people possess, according to Quartz.
Two separate groups of researchers have confirmed that paying subscribers to SEC data feeds get updated EDGAR filings up to a minute sooner than those who wait for the information to appear on the website, a significant delay when these paid subscribers are firms that can make millions of trades per second, said the Wall Street Journal.
On Monday, a D.C. federal court dismissed a lawsuit the AICPA had filed against the IRS over a tax return preparer program it said should have never been implemented.
Nearly three quarters of Americans living abroad, when asked whether they would consider voluntarily relinquishing your U.S. citizenship due to the impact of FATCA, said they have "actively considered it", "are thinking about it" or "have explored the options of it," according to CNBC. The survey polled almost 420 Americans living in Hong Kong, China, Indonesia, Thailand, Philippines, Japan, India, UK, UAE and South Africa, said CNBC.
A common job interview question is "where do you see yourself in five/ten/fifteen years?" A short article in Forbes describes it as the "do I look fat in this?" of the business world, and suggests that companies should just stop using it. For one, the author says, it doesn't actually yield any useful information.
A Florida auditor has been fined by the Securities and Exchange Commission for violating the federal law that requires lead audit partners to occasionally rotate out of engagements with a public company, according to CFO.com. The story centers around Eliot Berman, the lead partner of an accounting firm that did audits for a public company from 2009 to 2010.
The IRS has been ramping up the number of civil forfeitures over the past few years, going from 114 in 2005 to 639 in 2012, but the New York Times reported that, in response to reports that these actions, meant to deter drug traffickers and terrorists, were catching innocent people instead, the IRS plans to scale back on the practice.