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December 1, 2022

Accounting News Roundup: CFOs Harmonize; Patent Boxes; Japan’s Enron (and WorldCom) | 07.30.15

Analytic Mindset of CFOs Keeps C-Suite Harmony [CFOJ]
A study from recruiting firm Russell Reynolds Associates found that CFOs' "analytical bent" evens out "the more emotionally-inflected nature” of other C-suite executives.   

Lawmakers Embrace Patent Tax Breaks [WSJ]
A "patent box" provides low tax rates on income earned from intellectual property.  

Japan's Enron Reckoning [BloombergView]
Noah Smith writes that the accounting scandals at Olympus and Toshiba are just the beginning: "The first takeaway from these scandals is that there will probably be more of them. The consensus is that they happened because of problems with Japanese corporate culture. In both cases, observers have blamed secretive and autocratic management styles by top executives, as well as the generally hierarchical, closed nature of Japanese business. But the real problem is corporate governance itself."

Hackers Trick Email Systems Into Wiring Them Large Sums [WSJ]
Schemes known as "corporate account takeover" and "business email fraud" stole over $1 billion from October 2013 through June 2015.

DePaul Soccer Player Saves Woman's Life With Bone Marrow Cell Donation [DNAInfo]
Jake Douglas, a KPMG tax associate, helped a 59-year-old woman beat Stage 4 leukemia.

By nearly any measure, sunny South Florida is tops in fraud [AP]
Everything from tax fraud to fake IDs, Miami-Dade, Broward and Palm Beach counties have you covered.

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