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Federal Reserve Chair Janet Yellen, while acknowledging that the job market has made some gains, said that the U.S. has yet to recover fully from the financial crisis, said CNN Money. She felt this was evidenced by the number of people working part-time because they can't find full-time positions, the ranks of the long-term unemployed and the lack of wage growth, said CNN.
The Council of Institutional Investors, an industry trade group representing pension funds, employment funds, endowments and foundations, has urged the Public Company Accounting Oversight Board (PCAOB) to require not just naming the the lead audit partner on the report, but to require their signature as the board's previous proposal would have mandated, according to Pro Publica.
Why do clients leave? According to an article in Accountingweb, part of it might have to do with false beliefs professionals may have about their clients. The articles goes into them in more detail, but they include:
An Economist article, by way of CFO.com, argues that corporate boards just aren't working the way they should.
Okay, cupcakes are getting kind of ridiculous. You can tell because this guy just made a $900 cupcake. Granted, he made it for a special occasion, his wife's birthday, but it still kind of stretches belief. What makes it so pricey? Mostly the ingredients:
Bank of America has agreed to pay nearly $17 billion for its role in the financial crisis, roughly equal to about three years worth of profits, making it the largest in U.S. history, according to the Wall Street Journal.
CPAs who advice municpal governments may be examined by the the Securities and Exchange Commission sometime over the next two years as part of a new initiative launched to ensure compliance with regulations on municipal advisors that were part of the Dodd-Frank Act. Municipal advisors are defined as someone who: