How did a diversity, equity and inclusion (DEI) program manager defraud Facebook and Nike of more than $5 million? With the help of crooked relatives and friends, as it turns out. Former DEI program manager Barbara Furlow-Smiles was sentenced to…
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The Financial Accounting Standards Board (FASB) is taking a scalpel to its still-in-the-works expense reporting standard. If and when the board finalizes the standard, manufacturers and warehouses will likely catch a break. FASB is now open to excluding manufacturing and…
Heads up: Accountants will no longer enjoy a 45-day grace period to file financial reports after completing an audit. The Public Company Accounting Oversight Board (PCAOB) is shortening the two-decades-old filing deadline to 14 days after an audit is officially wrapped…
You can't be too careful out there! Fraud is a risk in every area of finance -- even the auditor hired to analyze data and file truthful reports may be cutting corners. The Securities and Exchange Commission (SEC) charged a…
The Biden administration slipped through four environmental rules designed to put the coal industry out of business. One of the rules mandates power plants capture carbon dioxide before it escapes into the atmosphere and store the greenhouse gas underground. The…
Jensen Huang, co-founder and CEO of Nvidia, is a certified genius and extreme workaholic in the same mold as Elon Musk. Huang was destined to succeed wildly in whatever career path he followed. Yet would Nvidia boast a $2.2 trillion…
The IRS is about to put all of the the funding, personnel and technology advantages it now enjoys to use. Count on an upswing in audits of wealthy companies as well as owners and investors who run afoul of tax…
Studies show employees miss a couple of days of work every year due to stress. Then there are the folks who come into work anyway but are too stressed to be as effective as they normally are. If a staffer…
Threat actors, hackers, cyber thieves -- they go by many names, but they've all got one characteristic in common. They aim at the weakest links in the most vulnerable systems to exploit and then wreak havoc. A red-hot target? The…
The Federal Reserve refuses to lower its bench-line interest rate until inflation cools down. Basic economic theory says that keeping rates high in an inflationary period helps to bring prices down though it can take time. Does that theory hold…
Not all companies handle payroll records the same way. Firms may keep data in multiple systems -- payroll, HR, timekeeping and the general ledger. There's no one-size-fits-all rule for everyone. Same goes for ditching payroll records that aren't required by…
Talk about a swift kick in the you-know-where! President Biden stopped at a Sheetz convenience store on a recent campaign stop. Biden ordered a cup of coffee and chatted up employees and customers. Later that very same day, Biden's Equal…
