In the wake of various state deregulatory proposals that threaten to have an adverse effect on the CPA profession, the AICPA and the National Association of State Boards of Accountancy (NASBA) have helped found a new coalition of advanced professions focused on educating policymakers and the public about the importance of rigorous professional licensing standards. To read the full article in Journal of Acco ...

With the effective date for the new IFRS lease accounting standard fast approaching, companies are wading through a number of challenging issues related to lease identification, data extraction, and software implementation. To read the full article in Financial Management, click: Lessons from Lease Accounting Implementation. ...

In just over a decade, China has created the world’s largest high-speed rail network Now passenger use is expected to catch up due to rapid industrialization, wanderlust and rising incomes To read the full article in South China Morning Post, click: China’s High-Speed Rail Network has Been Low Speed in Adoption—But That’s Set to Change. ...

A now record-setting run of U.S. economic growth enters its 121st month on Monday, sustained by a decade of low interest rates and massive Federal Reserve intervention that helped put 22 million people back to work. To read the full article in Reuters, click: As U.S. Expansion Notches Record, Recovery May Have Only Just Begun. ...

Construction companies are developing an AI system that predicts worksite injuries—an example of the growing use of workplace surveillance. To read the full article in MIT Technology Review, click: Artificial Intelligence Sees Construction Site Accidents Before They Happen. ...

Recent performance has favored passive investing. But a look at the big picture shows how performance moves in cycles, and reveals why active may soon pull ahead. To read the full article in Hartford Funds, click: The Question is Active or Passive Investing. The Answer is Yes. ...

Well over half say they would back Sen. Elizabeth Warren’s plan to tax those with more than $50 million in assets, a survey finds. To read the full article in CNBC, click: Millionaires Support Proposed Tax on Large Wealth: Tax Strategy Scan. ...

Strong management goes beyond ethical behavior, efficiency, and carrying out company strategy—even though each of those is important. Managers are a key reason that employees show up to work engaged or not. Managers can live their values, set clear expectations on schedules, engage in two-way communication, and more. To read the full article in Journal of Accountancy, click: Memo to Managers: Practice What ...

Firms are spending plenty on tech but are skimping when it comes to training their people to recognize an incoming attack. To read the full article in Financial Planning, click: The Cybersecurity Defense Advisors Forget. ...

The world looked very different in 1943, when the psychologist Abraham Maslow’s “hierarchy of needs” model was first published. The world was just in the early stages of realizing the potential of computing power, which codebreakers would use to help bring an end to the world war. Fast forward to 2019, and we stand on the brink of another seismic shift: the Fourth Industrial Revolution. Amid a picture of fu ...

In the most recent developer release of Apple's iOS 13 there is a feature called FaceTime Attention Correction that creates the impression that a user is staring directly at their device's camera. It is not entirely clear how this effect is achieved, but it is possible that Apple is applying real-time video techniques to distort images so that eye-contact between callers on video is improved. To read the fu ...

About a decade ago, Harriet and Jeffrey Taniyama went in search of a financial planner "just to make sure we were headed in the right direction" with respect to retirement, Harriet Taniyama says. The one they found, a former FINRA-licensed advisor named Christopher Dougherty in San Diego, persuaded them that they not only had enough money to retire but also to invest in his own ventures, including an organi ...

Many of the world’s biggest companies, from Silicon Valley tech firms to large European banks, are bracing for the prospect that climate change could substantially affect their bottom lines within the next five years, according to a new analysis of corporate disclosures. To read the full article in The New York Times, click: Companies See Climate Change Hitting Their Bottom Lines in the Next Five Years. ...

Under a FINRA proposal, firms with histories of misconduct would be required to set aside funds for anticipated arbitration awards. To read the full article in Financial Planning, click: New Rules for Firms that Hire Problematic Brokers. ...

Credentialed authorities are comically bad at predicting the future.  But reliable forecasting is possible. To read the full article in The Atlantic, click: The Peculiar Blindness of Experts. ...

Reading fiction has been said to increase people’s empathy and compassion.  But does the research really bear that out? To read the full article in BBC, click: Does Reading Fiction Make Us Better People? ...

The expertise of older professionals is needed now more than ever. In its 2018 study, The Global Talent Crunch, Korn Ferry forecasts a worldwide shortage of 10.7 million workers by 2030 in the financial and business services sector alone. What’s more, technology is evolving at such a rapid clip, along with corporate development, that young leaders with less experience often focus on day-to-day operations—bu ...

Digital tools and technologies are now relentlessly and remorselessly transforming how performance management works. Customized and continuous data-driven feedback is becoming a new normal for enterprises worldwide. This feedback appears both qualitatively and quantitatively superior to its performance review precursors and should lead to better outcomes. But does AI-flavored feedback require a human touch ...

Women control about $14 trillion in assets in the U.S., which is comparable to the gross domestic products of China and India combined—and they are under-served by financial advisors. The industry needs to hone its services to reflect the growing power of female clients. To read the full article in Financial Planning, click: Rich Women Increasingly Call the Shots, Wealth Management Execs Say. ...

Decision makers fed up with slow or subpar results take heart. Three practices can help improve decision making and convince skeptical business leaders that there is life after death by committee. To read the full article in McKinsey & Company, click: Three Keys to Faster, Better Decisions. ...