Two memos issued by the Financial Accounting Standards Board staff shed light on solutions to implementation challenges some preparers of private-company financial statements have faced with the new revenue recognition standard.
The draft 2019 Form W-4, Employee's Withholding Allowance Certificate, is too complicated and would put the burden on employers and employees to determine the correct amount of income tax withholding, the AICPA has written in a letter to the Internal Revenue Service.
China's trade surplus with the US reached a record high of $28.9 billion in June, the last month before the US imposed tariffs on Chinese imports. The only trading partner that buys more Chinese products than the US does is the EU.
"The recent settlement between Equifax and eight states, which brought suit following the credit reporting agency's massive data breach, signals the end to those legal proceedings," writes IIA President and CEO Richard Chambers. "But I believe its details also reflect a bold statement about the importance of internal audit."
Big bond funds bet more than $100 billion a surging global economy would drive up government-bond yields in major developed economies and would fuel demand for emerging-market debt. Modest core inflation, trade tensions, capital flight to havens and a strengthening US dollar have kept such growth from taking place.
Leaders face high but often ambiguous expectations, making executive presence a key model for behavior and tone-setting, whether with yourself, with your team or on an organizational level, Scott Eblin writes. "The key is to make the shift from being the go-to person to the person who creates and leads teams of go-to people," he writes.
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