Please only submit PDF or Word Documents.Please do not repeat the questions in your answer, but clearly indicate the question you are referring to (e.g. From the IFRS Institute – May 29, 2020 COVID-19 has taken a toll on US businesses, with many financial reporting implications. Explore our insight. Cyber-security risk oversight is the area with the greatest increase in audit committee disclosures in proxy statements, so you better make sure you’ve got a handle on understanding your responsibilities. U.S. banking regulators are encouraging financial institutions to stop entering into new contracts that use the U.S. dollar LIBOR as a reference rate ahead of its slated expiration at the end of 2021. Students compete individually and in teams. By Liz Alderman and Christopher F. Schuetze. COVID-19 Pandemic - Accounting Method Planning to Defer 2019 Income to 2020. Check our 2020 calendar of events for a list of popular promotional holidays. Lee Jae-yong, the heir and de facto leader at Samsung, was indicted by South Korean prosecutors on charges related to a 2015 merger of two subsidiaries and alleged irregularities in accounting practices at another subsidiary. Original News Videos. COVID-19 has undoubtably presented new challenges for companies around the world. Current Events's stories. 2020-10-05T16:25:00+01:00By Maria L. Murphy. The insolvent payments company used fake sales to dupe banks into lending it $3.7 billion, prosecutors said. Subsequent events — It may be challenging for an entity to separate recognized and unrecognized subsequent events in a global marketplace that is extremely volatile and in which ... high-quality financial reporting in the current environment. These 13-period accounting calendars are editable, you can add your own events to them easily. News and intelligence for Australian Accountants, focusing specifically on issues and industry developments that are of significance to the accounting profession. Accounting Today May 2020. Check our 2020 calendar of events for a list of popular promotional holidays. 2020-10-21T19:40:00+01:00By Kyle Brasseur. Academic competition include tests, presentations, and interviews. With cloud accounting and software-as-a-service (SaaS) applications and the ability to access financial data from any internet-enabled device, virtualization is the new norm. … The implosion of a Chinese competitor to Starbucks has bolstered the cause of American politicians aiming to stop opaque Chinese companies from raising money in the U.S. Changing rules have led to taxpayer confusion. Get deep insights and breaking-news updates, delivered by the top experts in your accounting specialization as you earn CPE credits, expand your professional reach and challenge yourself within your chosen profession. 2020-10-30T16:04:00+00:00By Kyle Brasseur. A Connecticut industrial lighting company has been fined $1.25 million by the SEC for falsely booking $55 million worth of sales on its financial statements over four years. 2020-11-13T19:54:00+00:00By Maria L. Murphy. Starting Up Starting a Business Ask an Expert Mentoring ... Track Your 2020 Expenses Seamlessly with … U.S. Securities and Exchange Commission. Join us on December 9, 14, or 15 for our year-end Quarterly accounting webcast for a discussion on what you need to know as you close the books in 2020 and prepare for 2021. 2020-10-07T14:14:00+01:00By Jaclyn Jaeger. General Electric has set aside $100 million relating to a potential SEC enforcement action that could encompass several areas of alleged accounting failures. Senator whose landmark law, the 2002 Sarbanes-Oxley Act, required more transparency in corporate financial reporting, died Sunday at age 87. 29 May 2020 The ASC has submitted its comment letter to the IASB on ED/2020/3 Classification of Liabilities as Current or Non-current — Deferral of Effective Date (Proposed amendment to IAS 1). Includes Net Income, Adjustments, and Cash flows from investing & financing activities 2020-09-15T14:00:00+01:00Provided by BlackLine Systems. Match your accounting specialization to one of our 35+ annual events. California and its Board of Accountancy has fined audit firm KPMG $1.3 million after elements of its inspection and internal exam cheating scandals were run through the state. 2020-10-27T06:15:00+00:00Provided by Workiva. The Financial Accounting Standards Board has issued ASU 2020-05, Revenue from Contracts with Customers (Topic 606) and Leases (Topic 842) Effective Dates for Certain Entities.ASU 2020-05 finalizes the effective date changes discussed below. Squawk Box Asia Auditing. This e-Book has the results of a recent joint survey between Compliance Week and Workiva, which show companies could benefit from the IIA’s updated Three Lines Model—especially in light of the pandemic. Dec 6, 2020 7:00 AM - Today in History Today is Sunday, Dec. 6, the 341st day of 2020. Join us to review the latest regulatory changes on data privacy and what they mean for your company and compliance program. Equipment leasing, when managed effectively, can offer a number of strategic financial and competitive benefits to your business. Provide … the latest regulatory changes on data privacy and what they mean for your company and compliance.... 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