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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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As new accounting standards emerge, companies should be vigilant about maintai

Execs should mind existing laws as new standards are introduced

Every organization needs to stay apprised of changing accounting standards, but some existing laws may be getting overlooked, according to a recent Every organization needs to stay apprised of changing accounting standards, but some existing laws may be...
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Australian Media company Fairfax Media Ltd. announced on Monday, June 18 that it plans to cut almost 20 percent of its existing staff as part of of a business restructuring.

Fairfax to cut almost 2,000 jobs over three years

Australian Media company Fairfax Media Ltd. announced on Monday, June 18 that it plans to cut almost 20 percent of its existing staff as part of of a business restructuring. The newspaper publisher will undergo the change in order to shore up its finances by...
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Nigeria is looking forward to IFRS standards, the country's Financial Reportin

Nigeria excited for IFRS implementation

The United States may be dragging its heels when it comes to adopting the International Financial Reporting Standards, but there's one country that's very excited about the new The United States may be dragging its heels when it comes to adopting the...
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Auditors in England are under increased scrutiny after a report found 10 perce

British auditors lax on companies, watchdog reports

More bad news for auditors in the United Kingdom: A new analysis has found that as many as 10 percent of audits from major firms like Deloitte and PricewaterhouseCoopers are failing.   More bad news for auditors in the United Kingdom: A new analysis has...
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New Jersey added more net positions in May than it has in any other month in s

New Jersey's Robust May Payroll Growth Could Mean Increase In Finance Jobs

New Jersey added more net positions in May than it has in any other month in seven years, and this robust employment growth could coincide with the creation of finance jobs. The Garden State added 17,600 new positions in May, amid the opening of a new casino...
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Two agencies recently agreed on a new direction for lease accounting standards

Lease accounting update: New rules on the way

Recently, the Financial Accounting Standards Board and the International Accounting Standards Board convened in London to decide the direction of lease accounting. After years of discussion and negotiation, the agencies finally settled on preliminary rules...
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Top Five Mobile Risks Phone Users Should Lookout For

Top Five Mobile Risks Phone Users Should Lookout For

Many of those with executive jobs have begun adopting bring-your-own-device policies in the workplace. When employees are allowed to use their personally-owned smartphones and other technologies, they can be more productive, efficient and driven. It can also...
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