Accounting
Mortgage Rates Rise Slightly on Jobs Report
Mortgage rates increased slightly following an improved jobs report from the Labor Department, according to mortgage news and comparison site, Bankrate.com. the benchmark 30-year fixed mortgage rate rising to 4.31 percent, and the average 30-year fixed mortgage has an average of 0.33 discount and origination points.
Accounting Innovators Share Life, Business Lessons in New Web Series
A new leadership offering is giving professionals the chance to learn the personal stories—the defining moments and motivating factors—behind the success of some of the top CEOs, entrepreneurs, and thought leaders in the accounting software field.
How to Make the Cloud Transition a Priority
Many executives are either hesitant to make the transition to the cloud or they have it buried under a twenty-page to-do list. Ironically, moving to a cloud-based phone system has the potential to shorten that list immensely. Switching to the cloud provides a secure and effective means of scaling for seasonal spikes. Cloud-based communication systems can also help accounting firms scale year-round.
FASB Seeks Changes to Simplify GAAP
As part of a new initiative to reduce complexity in accounting standards, the Financial Accounting Standards Board (FASB) has added two short-term projects to its agenda to simplify Generally Accepted Accounting Principles (GAAP).
PCAOB Settles Suit Against Former Big 4 Accountant
Alleged violations involved ignoring or failing to properly address signs of improperly recognized revenue in significant unusual transactions.
MOVE Project Ranks Best Public Accounting Firms for Women
After evaluating accounting firms across the country on a variety of aspects including firm culture and partnership opportunity, the MOVE Project has released its fifth annual rankings of the best firms for female professionals. The MOVE Project is sponsored by the Accounting & Financial Women’s Alliance.
Small Business Economy Sees Modest Growth
Increases in small business lending, new business formations and a leading microcap index suggest that the small business economy is continuing to see modest growth, according to the latest SB Authority Index from Newtek Business Services.
Bookkeeper Accused of Stealing $400K
A 65-year-old New Mexico woman is accused of stealing nearly $400,000 from her employer, including forging more than 200 checks and paying $30,000 in mortgage payments via electronic transfers from her employer's account.