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“Accounting…and…accountability” – these are clearly linked terms with common meaning that emerged along with the modern capitalist system, deriving from Middle European languages and cultures. “Accounting,” (says Webster’s New Collegiate) is derived from the medieval, “to tell…” -- as today’s accounting systems are designed to “accurately tell the story” of an organization’s financial condition.
News & Updates
Source: CPA Prtactice Advisor
NEW YORK — In a new Thomson Reuters survey of U.S. accounting firms, 24 percent of respondents said their business clients are not fully aware of their potential exposure to penalties under aspects of the Affordable Care Act that...
Source: Washington Post
On the list of 10-best paid CEOs of 2012 — the exclusive club inside an already-exclusive club — half are in the entertainment and media industry, according to executive pay research firm Equilar.
Federal Reserve Chairman Ben S. Bernanke defended the central bank’s record stimulus program under questioning from lawmakers, telling them that ending it prematurely would endanger a recovery hampered by high unemployment and...
Research & Insights
NewsMax - Top corporate executives are getting richer than ever as regular workers suffer pay scale setbacks, according to a report by Bloomberg. Fortune 500 chief executive officers now make 204 times what regular workers bring...
April 9, 2013 Survey: 87% of Americans ‘Not Confident’ About Their Retirement (And What You Can Do About It!)Source: Money News
Despite the Dow recently hitting all-time highs, millions of Americans still have a dismal outlook when it comes to their own ability to retire, a new survey reveals. Conducted by the Employment Benefit Research Institute, the...
April 4, 2013 It's still the economy, not the environmentSource: NBC News
A new Gallup poll finds that 48 percent of Americans think economic growth should be given priority even if the environment suffers somewhat. In contrast, 43 percent say the environment should get priority even at the risk of...
Commentary & Opinion
May 20, 2013 J.P. Morgan's doubtful Dimon defenseSource: Eleanor Bloxham, CEO of The Value Alliance, CNN Money
J.P. Morgan's letter to shareholders defending its actions and Jamie Dimon's hold on the CEO-chair position not only missed its mark, it also unwittingly advanced their opponents' cause.
May 20, 2013 A Troubling Survey on Global CorruptionSource: Floyd Norris, NY Times
A new survey of corporate officials and employees in 36 countries — in Europe, Africa and the Middle East, as well as India — indicates that there is plenty of corruption that needs investigating. Over all, 20 percent of the...
May 20, 2013 Dueling Jobs (and Big Paydays)Source: Gretchen Morgenson, NY Times
ALTHOUGH it carries something of a dubious pedigree, the PennyMac Mortgage Investment Trust has generated pretty good profits for investors since it went public in 2009. Overseen by former executives at Countrywide Financial,...
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