The Daily

News and daily posts about CPAs, the accounting and financial industries, and more.

  • Report: Accounting to Become Even More Lucrative

    By:
    Chris Gaetano
    |
    Sep 3, 2015
    Accounting, already quite a well-paying profession, is set to get even better next year, according to an article in Accounting Today. 
  • On Failing Produtively

    By:
    Chris Gaetano
    |
    Sep 3, 2015
    Everyone fails. Some people fail a little. Some people fail a lot. But we all fail. While some might advocate moving on from failure as fast as possible, one author thinks differently: while one should not dwell and brood excessively, if you don't take the time to understand the nature of a particular failure before moving on, you're probably just setting yourself up for the next failure down the road. 
  • Man Gets Job. Man Accidentally Sends Nude Selfie to HR. Man Loses Job.

    By:
    Chris gaetano
    |
    Sep 2, 2015
    An Illinois company offered a man a job, but the HR director was then puzzled when that same man sent her a nude selfie. 
  • Are You Just Arranging Deck Chairs on the Titanic?

    By:
    Chris Gaetano
    |
    Sep 2, 2015
    Company loyalty is definitely important, but so is basic self-preservation, and so when it looks like your employer is headed for a spectacular collapse, it may be better to look towards the exit sooner rather than later. But how can you tell the difference between a business that's just going through a rough patch and a one that's basically a sinking ship? One entrepreneur, according to an article in Quartz, has a few answers.  
  • AICPA Releases Exposure Draft of Proposed CPA Exam Changes

    By:
    Chris Gaetano
    |
    Sep 1, 2015
    The AICPA released the proposed changes to the Uniform CPA Examination that it feels reflect the way the profession has been evolving amid a rapidly shifting business and technological landscape. 
  • Study: Middle Managers Saddest Workers of All

    By:
    Chris Gaetano
    |
    Sep 1, 2015
    A recent study has found that a lot of people in middle management positions are depressed, more so than those at both the top and bottom of the corporate hierarchy. 
  • China Arrests 197 Accused of Spreading 'Panic and Disorder' Over Market Woes

    By:
    Chris Gaetano
    |
    Aug 31, 2015
    The Chinese government has detained 197 people that it says stoked panic and disorder in connection with the country's calamitous market crash.  
  • Illinois Lottery Winners Get $250,000 IOU

    By:
    Chris Gaetano
    |
    Aug 31, 2015
    Two Illinois residents hit the big time when they found out they had a $250,000 winning lottery ticket. Less enthusiastic, however, was the state lottery commission, which couldn't actually give them the prize money and so had to give them an IOU. 
  • NLRB Ruling: Entities Legally Liable for Contractors' Labor Practices

    By:
    Chris Gaetano
    |
    Aug 28, 2015
    Companies that use contractors will need to be more careful about who they hire and how they supervise them, as a new decision from the National Labor Relations Board declared that entities are now legally liable if one of them violates labor law. 
  • Nonaudit Service Spending Withers Compared to Audit Expenses

    By:
    Chris Gaetano
    |
    Aug 28, 2015
    Where at the turn of the 21st century they were about 50-50, since the passage of the Sarbanes-Oxley Act, business spending on non-audit accounting services has significantly shrunk while audit spending, in turn, has grown dramatically, according to the Wall Street Journal. 

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