“The SEC recently required registrants to disclose information on human capital resources that is material to understanding a company’s business. Although this represents a step forward for sustainability reporting, the current guidance is unclear, leading stakeholders to wonder about its practical value. The author analyzed the first round of required disclosures to discern whether they will be useful to the users of 10-K reports.”
6 ways to make the entire organization care about anti-fraud efforts
“John Hall, CPA, has spoken to thousands of employees at hundreds of organizations around the world — from Las Vegas casinos to national governments in Eastern Europe — about ethics, integrity, and fraud prevention.
Few people would disagree about the importance of those topics. But to get people truly engaged with an anti-fraud mission, he said, requires something more.”
6 ways to make the entire organization care about anti-fraud efforts
The 21 Best Accounting Firms for Women
“Each year, Accounting Today recognizes the 100 Best Firms to Work For in the U.S. — and then picks the 10 Best Firms for Women from among those based on the responses of their female staff to a comprehensive employee survey.”
Creating hyperlinked index sheets in Excel
“It is best practice to use separate sheets for separate sections of your Excel file. This means you should have separate sheets for instructions, inputs, data, reports, dashboards, validations and workings. This can lead to a lot of sheets, and the more sheets you have, the harder it is to navigate between them all.”
SEC staff questions quality of climate disclosures
“An SEC sample letter includes example questions the SEC staff is asking select issuers about their climate disclosures. The questions are extensive, and appear to indicate the staff is comparing companies' ESG reports with their climate-related disclosures in filings.”
COSO, Deloitte offer AI risk management guide
“The Committee of Sponsoring Organizations of the Treadway Commission has teamed up with Deloitte on a new guide to help organizations combine their risk management efforts with their artificial intelligence initiatives.”
EY Releases Inaugural Report Measuring Global Impact
“Businesses should create value for all their stakeholders, as well as their shareholders," said Carmine Di Sibio, EY global chairman and CEO, in a statement. "This has been demonstrated through EY carbon reduction ambitions, the training and experiences that EY people are offered, and EY Ripples, the corporate responsibility program that has positively impacted the lives of millions of people around the world."
The Development of Machine Learning and Its Implications for Public Accounting
“The evolution of machine learning is expected to have a dramatic impact on business. The public accounting profession will need to adapt—to understand the technology used by companies to better focus its efforts in auditing the financial statements, and be better positioned to provide the best tax and advisory services at a cost that creates value for their clients. As public accounting firms continue to harness the potential of machine learning, new and dynamic opportunities will be available for young professionals.”
The Development of Machine Learning and Its Implications for Public Accounting
Building an Accounting Career: One Size Does Not Fit All
“What to do with an accounting degree in 2021? Not too long ago, the answer to that question would have been fairly straightforward, but these days, professional opportunities for accounting and finance graduates are much more open-ended. A high demand for accounting graduates, spread across multiple industries that require their own niche skills and specialties (and offer their own rewards), puts young accounting professionals into a wide-open space at the start of their careers.”
