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December 6, 2022

Accounting News Roundup: Leveraging Up; IRS Grows a Heart; Deloitte Harnesses the Bang | 06.19.14

Leverage Job Prospects With a Master’s in Accounting [U.S. News]
This is totally not shilling or anything: "Accounting has long been considered a reliable profession, but it's recently become something else: in-demand. Out of 565 employers from around the world, 45 percent plan to hire master of accounting graduates this year, according to a survey from the Graduate Management Admission Council. In last year's survey, only 36 percent of employers planned to hire business school graduates with this degree."

IRS Eases Up on Accidental Tax Cheats [WSJ]
The Internal Revenue Service is sharply increasing the penalties on U.S. taxpayers who hide assets abroad, while lowering or eliminating fines on taxpayers if their failure to disclose offshore accounts was unintentional, the agency said Wednesday.

China's sovereign fund mismanaged some investment: audit [Reuters]
China's $575-billion sovereign wealth fund mismanaged some of its overseas investments between 2008 and 2013 that led to losses, the country's top auditor said on Wednesday, without specifying the size of the loss.

Deloitte warns on digital disruption [TS]
It's all about "harnessing the 'bang'"

Soukup explains McGladrey departure; Rourick prepares to carry on [KC Business Journal]
Beth Soukup left after 28 years with the firm.

Why KPMG won’t be suing Scott London [AU]
Because reasons.

If You See Something, Say Something, But Maybe Only To The SEC [Forbes]
A debate has been raging in the courts over whether an employee who reports suspected misconduct only to his employer but not to the U.S. Securities and Exchange Commission (“SEC”) is a “whistleblower” entitled to the protection of the Anti-Retaliation Provision of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (“Dodd-Frank”).

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