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  • PCAOB: Broker Dealer Audits Still Have Long Way to Go

    By:
    Chris Gaetano
    |
    Aug 19, 2015
    The Public Company Accounting Oversight Board (PCAOB), in its annual report on the interim broker-dealer audit inspection program, said that there remains a high number of independence findings and deficiencies on a level similar to those discovered in prior years. 

  • New Chair, Three New Members, Appointed to Private Company Council

    By:
    Chris Gaetano
    |
    Aug 19, 2015
    The Private Company Council (PCC), which suggests modifications and exceptions to Generally Accepted Accounting Principles (GAAP) and advises the Financial Accounting Standards Board (FASB) on non-public company-related matters, has three new members, one of whom is in the NYSSCPA, and a new chair. 

  • Japanese Sports Drink Company to Put First Ad on the Moon

    By:
    Chris Gaetano
    |
    Aug 18, 2015
    It was only a matter of time: Otskua Pharmaceutical, the company that makes a sports drink called Pocari Sweat, has announced that it will be the first company to put advertising on the moon. 

  • Two Large Bitcoin Exchanges Leave NY Over New Regulations

    By:
    Chris Gaetano
    |
    Aug 18, 2015
    Kraken and Bitfinex, two of the largest Bitcoin exchanges, have announced that they are leaving New York due to the recently approved BitLicense regulations, saying that the cost of compliance is too high for their companies. 

  • Open Office Plans Delenda Est!

    By:
    Chris Gaetano
    |
    Aug 17, 2015
    The cubicle: seldom has a simple piece of office furniture been so influential and yet so maligned. For years a mainstay of corporate offices to the point of synecdoche, the cubicle has become a symbol for everything people dislike about the working world. But is the antidote, the open office plan, any better? 

  • NYT on Amazon.com: Dystopia Works (Or Does It?)

    By:
    Chris Gaetano
    |
    Aug 17, 2015
    The New York Times has pierced online retailer Amazon.com's veil of secrecy to find a workplace that seems to operate like a Dilbert cartoon, except less funny, with the company growing rapidly on the backs of stressed out, overworked employees who are actively discouraged from seeking any sort of work-life balance. 

  • With SEC Pay Disparity Rule Now Official, What Companies Will Stand Out?

    By:
    Chris Gaetano
    |
    Aug 13, 2015
    With the Securities and Exchange Commission approving a new rule mandating that companies disclose the pay ratio between the CEO and the median employee, what companies are likely to have the most noticeable disparities? 

  • FASB Makes Revenue Recognition Delay Official with New ASU

    By:
    Chris Gaetano
    |
    Aug 13, 2015
    The Financial Accounting Standards Board (FASB) has released an update that makes official a recent decision to delay the effective date of the new revenue recognition standard. 

  • SEC Proposal Pits Paper Against Pixels

    By:
    Chris Gaetano
    |
    Aug 12, 2015
    A proposal from the Securities and Exchange Commission (SEC) to require that mutual funds cease using paper to disseminate investor information in favor of online distribution has drawn criticism from commentators who prefer paper copies. 

  • FASB Releases New Rules on Scope Exceptions in Electricity Markets

    By:
    Chris Gaetano
    |
    Aug 12, 2015
    The Financial Accounting Standards Board (FASB) released a new update that aims to simplify the rules surrounding electricity contracts within nodal energy markets. 

  • Inside Traders Team Up With Hackers to Make Millions

    By:
    Chris Gaetano
    |
    Aug 11, 2015
    A group of U.S. traders enlisted Ukrainian hackers to steal inside information that they could then use to make millions in trades, according to CNN Money. 

  • On Question of Whether They Use Conflict Minerals, 90 Percent of Companies Shrug

    By:
    Chris Gaetano
    |
    Aug 11, 2015
    The SEC's conflict mineral regulations, implemented as part of the 2010 Dodd-Frank Act, asks filers whether their products use certain materials imported from the Democratic Republic of Congo (DRC). But according to the Wall Street Journal, with increasingly complex global supply chains, this question isn't all that easy to answer: Roughly 90 percent of companies have said they simply don't know. They are, however, spending a lot of money to try to figure it out—according to the Journal, roughly $709 million and six million staff hours were devoted to compliance on the measure last year. 

  • How Much Does the Boss Make Compared to You? SEC Finalizes Rule to Find Out

    By:
    Chris Gaetano
    |
    Aug 10, 2015
    The Securities and Exchange Commission has approved a rule that mandates public companies disclose how much money their CEO makes compared to the average employee. 

  • Study: Long Hours Correlated with Heavy Drinking

    By:
    Chris Gaetano
    |
    Aug 10, 2015
    A new study from the British Medical Journal has found that people who work long hours are also more likely to be problem drinkers. 

  • Secret to Crowdfunding Success? Be Attractive

    By:
    Chris Gaetano
    |
    Aug 4, 2015
    Crowdfunding and the companies that facilitate it have been experiencing growth both massive and rapid: between 2013 and 2014, the amount raised on crowdfunding platforms has grown from $6.1 billion to $16.2 billion, a 167 percent increase. But with so many different projects all vying for attention and, more importantly, funds, how can a crowdfunding campaign best get the resources it needs to get off the ground? The answer, according to several studies, is to be thin, fair skinned and generally attractive. 

  • Buzz Aldrin Shares Expense Report for Moon Landing

    By:
    Chris Gaetano
    |
    Aug 3, 2015
    33 dollars and 31 cents: that's how much astronaut Buzz Aldrin claimed on his expense report for the historic moon landing, a document that he shared for the first time over Twitter and Facebook, according to the Sydney Morning Herald. 

  • FASB Tackles Pensions and Benefits in New ASU

    By:
    Chris Gaetano
    |
    Aug 3, 2015
    The Financial Accounting Standards Board (FASB) has issued new rules on defined benefit pension plans, defined contribution pension plans, and health and welfare benefit plans in a new accounting standards update issued on July 31. 

  • Franchisees Sweating $15 Fast Food Wage

    By:
    Chris Gaetano
    |
    Jul 30, 2015
    The recent decision by the New York State Fast Food Wage Board to recommend a $15 an hour minimum wage for industry workers has franchise owners worrying about whether they can afford the new rate, and whether customers will keep buying from them when they have to raise prices. 

  • Southern Florida Fraud Capital of U.S.

    By:
    Chris Gaetano
    |
    Jul 30, 2015
    Southern Florida is already number one in invasive reptiles, boating accidents, complaining about work, and cash transactions for real estate sales. Now the state can add one more to its list of things it does more than any other: fraud. 

  • On the Importance of Coffee to the Functioning of the Modern Workplace

    By:
    Chris Gaetano
    |
    Jul 29, 2015
    A recent study says that coffee's benefits extend far beyond the inevitable caffeine crash a few hours later: the Journal of Alzheimer's Disease says that drinking a moderate, consistent amount each day reduces later risk for developing dementia and Alzheimer's. For offices where the coffee machine has a special place in the hearts of every worked (see: virtually all of them), this news should provide a nice extra pick-me-up beyond the initial jolt of that first sip. 

    This has gotten us thinking about the role coffee in general plays in the modern workplace, namely how essential it has become to keeping staff satisfied and motivated. 
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