Accounting
Top stories summarized by our editors
6/19/2018

Phased retirement and so-called bridge jobs might be a boon for people nearing the traditional retirement age who are not ready to leave the workforce. Volunteerism can help people test the possibility of a second career in the nonprofit space.

6/19/2018

The Internal Revenue Service has announced it is withdrawing temporary regulations on the treatment of partnership liabilities for disguised-sale purposes and is proposing to reinstate the old rules.

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Internal Revenue Service
6/19/2018

Speaking at AICPA ENGAGE 2018, skateboarding legend Tony Hawk credited his accountants with making his skateboard company, Birdhouse, and the Tony Hawk Foundation successful. He also shared some of the key lessons he learned from becoming an entrepreneur.

6/19/2018

Poorly written documents can reflect poorly on the individual, as well as the organization. This article offers corrective measures for consideration.

6/19/2018

The Senate has voted 85-10 to pass a bipartisan bill to restore sanctions on Chinese telecommunication company ZTE that President Donald Trump wants lifted. The bill needs reconciliation with the House version, which does not include the ZTE provision.

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ZTE, Senate, President Donald Trump
6/19/2018

De Rovira is CFO of Opel Vauxhall.

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MarketWatch
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Peugeot
6/19/2018

About half the respondents in a Thomson Reuters survey of 600 financial-services firms worldwide said internal audit results were a key factor in assessing culture and conduct risk, with compliance monitoring and staff opinion surveys also cited as vital indicators. In addition, 22% of global systemically important financial institutions in the survey said "ownership" of conduct risk was shared throughout the company, while 10% of overall respondents said the same.

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Reuters
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Thomson Reuters
6/19/2018

Credit unions need to emphasize compliance risk as part of their enterprise risk-management efforts to stay in line with regulatory requirements and achieve their strategic goals, write Eileen Iles and Niall Twomey of Crowe Horwath. An effective compliance-management system involves internal auditors, compliance managers and line-of-business leaders taking ownership of their respective responsibilities as the three lines of defense, Iles and Twomey write.

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Credit Union Times
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Crowe Horwath
6/19/2018

The new International Financial Reporting Standard for financial instruments, IFRS 9, differs in many respects from hedge accounting guidance under US generally accepted accounting principles. Two of the biggest differences are the new time value election and the "aligned time value" calculation requirement.

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Accounting Today
6/19/2018

Argentine financial institution Banco Masventas will let customers use bitcoin in cross-border payments via a partnership it has formed with Latin American startup exchange Bitex. The partnership was founded with the aim of competing with the Society for Worldwide Interbank Financial Telecommunication, or SWIFT.

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Bitcoin Magazine