Accounting
Top stories summarized by our editors
12/12/2019

An adviser should consider the effect an entity structure has on a client's estate plan. Here are some of the main differences in tax treatment that inform that choice.

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The Tax Adviser
12/12/2019

Research suggests many Americans feel uncomfortable asking for paid time off during the holidays. Failure to take a break every once in a while can lead to stress and health problems, so this article offers tips for using vacation days.

12/12/2019

Employee burnout should be seen as an organizational problem, rather than an individual one, and leaders need to address root causes. Running small pilot projects is a good way to test burnout-prevention techniques.

12/12/2019

We are at only the beginning of the data revolution, given the emergence of machine learning and other forms of artificial intelligence. Tools such as data analytics help finance and accounting professionals make an even bigger contribution to the company and help drive strategy and performance.

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AICPA Insights
12/12/2019

Many people in business are familiar with the hockey stick curve, which refers to a flat, quiet period in a service or business, followed by explosive growth. But the S curve can be a better indicator of what comes next in the wave of change.

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AICPA Insights
12/12/2019

Chief audit executives have given corporate governance an average grade of C+ in a survey by The IIA and the Neel Corporate Governance Center. The American Corporate Governance Index is based on eight principles, including a need for strong interaction among stakeholders and for transparency when determining and explaining policies.

12/12/2019

Dealers of heavy-duty trucks need an internal audit function for risk mitigation in matters including taxes, repair orders, and leases and rentals, according to a white paper from DHG Dealerships. The paper advises using internal audit to gauge compliance with rules, because "[t]rusting that policies are being followed without testing such compliance is a recipe for bad surprises."

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Trucks Parts Service
12/12/2019

Civil and criminal charges have been filed against William Meek, former chief operating officer of trucking company Celadon, and Bobby Peavler, former chief financial officer of the company, who are accused of accounting fraud that has cost shareholders more than $60 million. The indictment alleges that Meek and Peavler inflated prices of trucks in a complex scheme, allowing avoidance of an impairment charge worth at least $20 million.

12/11/2019

Enforcement of the California Consumer Privacy Act, set to take effect on Jan. 1, will be based on companies' level of effort toward compliance, state Attorney General Xavier Becerra said. Becerra plans to "make an example of" companies that make insufficient efforts to comply with the law, he said.

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Reuters
12/11/2019

Mentally strong people carry themselves differently when they're affected by a negative state of mind, and it's possible for anyone to do so, says Christina DesMarais. To move through frustration or anxiety quickly and smoothly, get over the issue rather than ruminate on it, avoid dramatic people when possible, and let things go rather than hold a grudge, she writes.

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Inc. online