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Atushi Kato, a former partner at PwC Japan and a public member of the International Ethics Standards Board for Accountants (IESBA), recently shared his views in Accounting Today on why ethics and accountability are so important in the wake of recent accounting scandals, and what it really means to work in the public interest today.
Studies have found that women classified as obese earn less than thinner women working at the same jobs, and are overall less likely to get higher paying jobs than thin women, according to an article in Forbes.
The IRS has increased the exemption for the estate tax from $5.34 million to $5.43 million, a move that is meant to account for inflation, according to the Wall Street Journal. Since married couples can combine exemptions, this means that their total exemption is about $11 million, said the Journal. With this new theshold, it is estimated that about 3,700 estates are expected to pay this tax, said the Journal.
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.