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News

The Daily

  • Finland Considering Basic Income Pilot Project

    By:
    Chris Gaetano
    |
    Sep 4, 2015
    The government of Finland, with the support of Prime Minister Juha Sipila, is considering a limited experiment with basic income, where a monthly cash payment, regardless of whether or not they work. 

  • 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 Productively

    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. 

  • Survey: 31 Percent of Executives Work With Jerks

    By:
    Chris Gaetano
    |
    Aug 27, 2015
    A recent survey revealed that a third of executives work with ruthless jerks who will gladly tear you down to advance their own careers. 

  • On Keeping Conference Calls Short

    By:
    Chris Gaetano
    |
    Aug 26, 2015
    Conference calls are like goldfish: they will grow to fit their allotted space. How, then, do we prevent those interminable long calls that take forever to get to anything that even resembles a point, and even then only if you squint real hard and turn your head at an awkward angle? 

  • The Stock Market vs. the Real Economy and Why It's Not 2008 Again (Yet)

    By:
    Chris Gaetano
    |
    Aug 26, 2015
    Market news over the past few days has been dire indeed, but while sharp dips in indexes like the SCI and DJIA are certainly worrisome, it may be prudent to remember that stock market economies and real economies, while linked, are distinct. 

  • World Economy Slogs Through Black Monday Hangover, but Uncertainty Remains

    By:
    Chris Gaetano
    |
    Aug 25, 2015
    Black Monday seems to have been followed by Gray Tuesday as the world economy works to stop the bleeding from yesterday's dramatic market turbulence that has left countries all over the world feeling rattled. 

  • There and Back Again: Auditors with CFO Experience Make Better Auditors, Says Study

    By:
    Chris Gaetano
    |
    Aug 25, 2015
    A new study asserts that auditors who leave the field to become a CFO before, then, returning to auditing have better understanding of how to judge reported earnings from management than those who do not. 

  • Taxpayers Sue IRS Over Data Breach

    By:
    Chris Gaetano
    |
    Aug 24, 2015
    Two women from Texas who were among the estimated 330,000 people whose personal information was stolen after a recent data breach at the IRS are suing the service and hoping others who were affected will join them. 

  • Chinese Markets Plummet, Collateral Damage Spreads Around World

    By:
    Chris Gaetano
    |
    Aug 24, 2015
    The Chinese Shanghai Composite Index (SCI) fell 8.49 percent today, its worst showing since the start of the 2007 financial crisis, and it probably would have been even worse if trading on literally hundreds of shares were suspended after losing 10 percent. 

  • Napping at Work is Hard Work

    By:
    Chris Gaetano
    |
    Aug 20, 2015
    In today's fast paced, 24/7 access working world, a mid-day siesta seems more at place in the kindergarten classroom than the office, but one worker at Bloomberg, inspired by numerous studies showing the health benefits, decided to give it a shot. Turns out, at least according to her experience, it's very difficult to sleep at work. 

  • Subtle Name Change Fails to Evade Accounting Ban From SEC

    By:
    Chris Gaetano
    |
    Aug 20, 2015
    While we may ordinarily applaud someone's passion for accounting work, in the case of a man who was previously banned from the profession by the SEC for embezzling millions, but kept practicing anyway, we'll make an exception. 
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