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New financial reporting standards could make Ireland more attractive for inves

New Financial Reporting Standards Could Improve Outlook for Ireland

With the exception of Greece, Ireland has been hit perhaps hardest of all the European countries during the most recent wave of economic turmoil. While there is no silver bullet to fix Ireland's - or any country's - economy, new accounting standards...
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Pension funds will show bigger liabilities under new accounting and reporting

Public Pension Reporting Rules to Change Dramatically

Financial reporting standards for public pensions in the United States are set to change dramatically following a recent vote from the Governmental Accounting Standards Board, according to Reuters. For some states, shortfalls in pension reports will appear...
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New auditing standards would allow auditors to comment directly in their repor

Auditing Standards Poised for Change

IIn an ongoing effort to improve audit reporting, the International Auditing and Assurance Standards Board has introduced a proposal to enhance the impact of the auditor's report on financial statements. The key proposal in IAASB's "Invitation to...
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The 401(k) account benefits offered by employers in the Bay Area have been exp

Bay Area Employers Increasing Offerings Of 401(k)s, Says Report

The 401(k) account benefits offered by employers in the Bay Area have been expanding recently, according to a report produced by tax and accounting firm Mohler, Nixon & Williams. The document, which is titled "2012 Northern California 401(k) Plan...
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If IFRS were implemented today, 30 percent of insurance accountants would be u

Insurance accountants unprepared for IFRS, survey finds

A new survey indicates many accounting and financial professionals in the insurance industry may not be ready for changing accounting standards. The second annual Financial Regulatory Survey from insurance technology firm StoneRiver found that, while half of...
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An analysis from auditing firm PricewaterhouseCoopers found some interesting t

New accounting standard led to confusing reports, PwC finds

International auditing firm PricewaterhouseCoopers has discovered some strange information tucked away in the first quarter financial reports of companies that recently adopted new fair value accounting standards, according to Compliance Week. PwC didn't...
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Cloud-financials-building-a-business-case-for-CFOs

Cloud Financials: Building a Business Case for CFOs

CFOs may be the last of the C-level executives to jump onto the cloud. While some concerns have lingered, that uncertainty is eroding, and CFOs are increasingly turning to cloud computing to help them transform the finance function. While much of this...
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Four-fifths, or 80 percent of participants in a recent financial literacy surv

Most Americans Would Benefit From Finance Advice, Says Survey

Four-fifths, or 80 percent of participants in a recent financial literacy survey indicated that they would benefit from getting input from finance professionals on everyday matters, according to a statement. The poll was commissioned by the National...
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Firms are using an increasing number of inflation assumptions and discount rat

Firms Using More Assumptions to Calculate Financial Liabilities, Says Survey

Firms are using an increasing number of inflation assumptions and discount rates when calculating liabilities, according to the results of the most recent FTSE 350 survey conducted by actuarial consulting firm Hyman Robertson. Discount rates  The number...
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A surprising number of European financial firms showed a lack of information r

Information risk management woefully lacking in Europe

European financial firms show a surprising lack of understanding of risk management, suggested the results of a recent survey from PricewaterhouseCoopers and information management firm Iron Mountain.   European financial firms show a surprising lack of...
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Various changes to how money market mutual funds (MMFs) work could result in c

Various Changes To MMFs Might Trigger Investor Withdrawals

Various changes to how money market mutual funds (MMFs) work could result in companies no longer investing in these financial instruments, according to a statement released by the Association for Financial Professionals (AFP) on June 20. According to the...
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JPMorgan Chase showed "serious risk management weaknesses," according to a rec

JPMorgan risk management system is broken, regulator says

Financial giant JPMorgan Chase, which lost more than $2 billion in a much-publicized trading fiasco recently, may have risk management issues that extend beyond the office from which the losses stemmed, Financial giant JPMorgan Chase, which lost more than $2...
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A recent survey conducted by the American Institute of Certified Public Accoun

Business Leaders Less Optimistic about U.S. Economy

A recent survey conducted by the American Institute of Certified Public Accountants (AICPA) indicates that business executives holding the CPA designation have experienced a strong decline in sentiment related to the U.S. economy. Optimism The AICPA’s...
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Nominations are being accepted for members of the new Private Company Council,

Nominations being accepted for new accounting standards board

The Financial Accounting Foundation is currently accepting nominees to serve on the new Private Company Council, an accounting standards board that will set rules and guidelines for privately-held companies. To be considered for a post on the board, or as...
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Retribution for Hacking Victims?

Retribution for Hacking Victims?

A number of firms have experienced attacks by cybercriminals in the recent past, causing those with executive jobs to take precautionary measures to make sure their company is not hacked. However, for those who have already A number of firms have experienced...
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