Accounting
Report: Businesses Losing 5% of Revenue to Fraud
Organizations around the world lose an estimated five percent of their annual revenues to occupational fraud, according to a survey of Certified Fraud Examiners (CFEs) who investigated cases between January 2012 and December 2013. Applied to the estimated 2013 Gross World Product, this figure translates to a potential total fraud loss of more than $3.5 trillion (U.S.).
Illinois CPA Society to Host Conference for Young Professionals
The Illinois CPA Society’s Young Professionals Leadership Conference positions the next generation of finance and accounting professionals for future success, and this year’s conference features strategies to bring connectivity into the workplace. Additional presentations include insight into creating power teams, relationship-building for business opportunities and a case study in destructive culture.
Commercial Construction Slows in Q1, But Growth Expected
The Marcum Commercial Construction Index for the first quarter of 2014 shows that extreme winter weather conditions suppressed nonresidential construction activity during the period, with spending declines in all three months of the period. The index predicts a return to expansion during the remainder of the year, however.
Thomson Reuters Launches New CPE Subscription Package
Thomson Reuters has launched a new annual CPE subscription package that provides a complete training and continuing education solution for corporate tax and accounting professionals.
KPMG Inside Trader to Give CPE Webcast on Ethics Before Going to Prison
Scott London, former senior partner at KPMG, will be the guest in a CPE-eligible webcast on accounting ethics. The event, scheduled for June 25, will be hosted by former NASBA chair Gaylen Hansen.
Book Challenges Accountants to Be True Entrepreneurs
How does an accounting professional go from being a client service provider to an integral advisor and successful leader? The latest book by accounting thought leader Darren Root explains how he did it.
AICPA Supports Effort in Congress to Enhance Financial Transparency Act
The nation's largest association of accounting professionals, the American Institute of Certified Public Accountants (AICPA), is commending Congress for recent efforts to strengthen the pending Federal Financial Statement Transparency Act.
Workers Cite Internal Factors as Cause of Financial Stress
Financial stress among employees increased significantly in 2013 as more people cited internal factors as the cause of their stress, according to a recent survey.