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North Korea released three U.S. citizens who had been detained for as long as two years, a goodwill gesture ahead of a planned summit between President Donald Trump and Kim Jong Un that’s expected in the coming weeks. The three prisoners include: Kim Sang Dok, also known as Tony Kim, was intercepted in April 2017 […]
The NASBA Center for the Public Trust announced Wednesday the winners of its 2018 Ethics in Action Video Competition. Started in 2010, the contest asks undergraduate and graduate students attending U.S. colleges and universities to submit creative videos that demonstrate examples of ethical behavior in the modern business world. This year, NASBA CPT received 37 […]
Crowe Horwath said Wednesday that it is rebranding its global network of firms, changing the name of more than 220 member firms to Crowe. Back in 2008, the Midwest regional firm Crowe Chizek changed its name to Crowe Horwath to reflect its membership in the Horwath International network. Then in 2009, Horwath International rebranded as […]
Lawyers for Jay-Z are accusing the U.S. Securities and Exchange Commission of engaging in a “celebrity hunt” by trying to compel the hip-hop mogul to testify in the agency’s probe of a firm he did business with more than a decade ago. Jay-Z, whose given name is Shawn Carter, was willing to testify for a […]
Wolters Kluwer Tax Accounting recently held its 2018 Tax Accounting iLab Code Games, a two-day, international competition inviting professionals to bring their innovative ideas to fruition. Started in 2014, the event has grown to feature over 700 staff members this year competing in more than 20 cities around the world. After 48 hours, teams present […]
Warren Buffett has warned about the “nightmare” tied to new accounting-rule changes. Now it’s beginning. The rules, which require Berkshire to report unrealized gains or losses in equity investments in net income, helped fuel a $1.14 billion loss at Buffett’s Berkshire Hathaway Inc. in the first quarter, the Omaha, Nebraska-based company said Saturday in a […]
New Jersey Governor Phil Murphy signed legislation to let homeowners declare property taxes as charitable donations deductible on their annual Internal Revenue Service filings. The measure is a response to the law signed by President Donald Trump that lowered state and local tax deductions to $10,000, a pittance in New Jersey, which has the nation’s […]
The Institute of Internal Auditors released a new report Monday during its international conference in Dubai about the main risks facing chief audit executives. The report, Top Risks Faced by Chief Audit Executives, discusses the top five risks faced by chief audit executives: talent management, data analytics, cyber, regulations, and responding to disruption. The report […]
An Ernst Young Global Limited partner who claimed she was groped by a colleague in front of other employees at Walt Disney World Resort has reached a settlement with the company. Jessica Casucci agreed to leave the company as part of a “fair and equitable confidential settlement,” her attorney Michael Willemin said in a statement. […]
The U.S. House chaplain who Speaker Paul Ryan tried to dismiss rescinded his resignation Thursday, and the lame-duck speaker said he’ll let the chaplain stay, seeking to head off controversy just months before a difficult midterm election for Republicans. Catholic priest Patrick Conroy defended his seven-year tenure as chaplain in a letter to Ryan, saying […]
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