Hot Topics Article Archives - Page 3
Ransomware: How Executives Should Prepare Given the Current Threat Landscape
As the number of ransomware attacks continue to increase, the response at C-level must be swift and decisive. Top executives are increasingly dreading the phone call from their fellow employee notifying them that their company has been hit by a cyberattack. Nearly every week in 2021 and early 2022, a prominent organization has been in the media spotlight as their public relations team struggles to explain how they were attacked and how they can ...
Read MorePEEC and ASB Issue New Requirements for CPAs Regarding NOCLAR
The AICPA Professional Ethics Executive Committee (PEEC) recently developed and approved new interpretations related to noncompliance with laws and regulations (NOCLAR) within the AICPA Code of Professional Conduct. The new interpretations of the "Integrity and Objectivity Rule" (ET §1.100.001 and ET §2.100.001) are titled "Responding to Noncompliance With Laws and Regulations" (ET §1.180.010 and ET §2.180.010). The ...
Read MoreCrises Change, So Make Contingency Plans
A Q&A with Chicago Booth’s René Caldentey about crisis-ready supply-chain management COVID-19 hurt supply chains. Will conflict in Ukraine stress them further? It is obviously having a huge effect on a number of sectors, most notoriously on energy markets, which have an immediate impact on logistics costs. More broadly, it is not just war but the fact that the geopolitical environment of countries and regions changes the way ...
Read MoreHow Leaders Can Make the Most of Remote Work for Employees
For some organizations, it’s back to in-office work as usual, but the majority of enterprises are embracing remote and hybrid models. A new report from Forrester entitled The Anywhere-Work Preflight Checklist shows that when done correctly, businesses embracing remote and hybrid work are able to grow talent, culture and technology over time. However, if the move is not done correctly or at all, companies may experience disastrous ...
Read MoreIRS Blasted for Destroying Millions of Information Returns
The Internal Revenue Service is coming under criticism from Congress and the American Institute of CPAs for destroying an estimated 30 million paper-filed information returns to cope with its backlog last year, with one lawmaker even calling for the IRS commissioner to be replaced immediately. The Treasury Inspector General for Tax Administration released a report on the processing of business tax returns, noting that the IRS decided ...
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