NSAC Happenings and Latest News - Page 68
Passwords Should Become a Thing of the Past. Here's Why
When the man who invented passwords says it’s time to move on, it probably is. Four years ago, Fernando Corbato, who invented the first computer password in the 1960s, said that passwords had become "a nightmare”. Considering that his creation was not intended for the web, how data breaches have shaped the digital era, and the rise of privacy-awareness, it’s clear that things need to change. Passwords were once one of our ...
Read MoreWant a Happy Employee? Give Them an Office
I know, I know. You just ordered a 50-foot, untreated walnut conference table, and you envision all of your employees filing into work each day, grabbing a seat at random, and coding away as part of a super chill, inter-departmental brainstorming session. The veining underneath all their MacBooks will look glorious—just use a coaster for the Starbucks! I said use a coaster! However, a new survey of 1,500 employees by ...
Read MoreIndependent Contractor or Employee? Varying Tests
It is not unusual to read news stories about companies being sued for classifying workers as independent contractors when they claim to be employees. Being designated an employee can have a profound effect on everything from overtime pay to fringe benefits to, of course, taxes. Numerous articles have been written about the advantages and disadvantages for both the worker and the business of how an individual is classified. The present focus is ...
Read MoreNew Accounting Standards Seem to Drive Up Audit Costs
The survey, by FloQast, a provider of close management software for accountants, and Dimension Research, asked controllers and senior accounting professionals at small, midsize and large companies about their audit costs in the wake of the revenue recognition and leases standards, also known as ASC 606 and ASC 842 after their positions in the Accounting Standards Codification. It found that 45 percent of the companies surveyed said they are ...
Read MoreFASB Updates Accounting for Income Taxes
The Financial Accounting Standards Board has released a new Accounting Standards Update aimed at reducing the cost and complexity of accounting for income taxes. Part of the board’s simplification initiative, ASU 2019-12 removes certain exceptions to the general principles in Topic 740 – “Income Taxes in GAAP,” and means organizations don’t need to determine whether these exceptions apply for a given ...
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