The Financial Accounting Foundation names new members to a major advisory board, Connecticut firms turn out for a big annual food drive, and other news from across the profession.
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Upcoming Events
Daily Briefing
December 28, 2020
Upcoming Events December 28, 2020
Daily Briefing
People and firms on the move: New members at FASAC
By Daniel Hood
The Financial Accounting Foundation names new members to a major advisory board, Connecticut firms turn out for a big annual food drive, and other news from across the profession.
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Trump signs virus aid bill after panning $600 stimulus checks
By Jordan Fabian and Erik Wasson      2 min read
President Donald Trump signed a bill containing $900 billion in pandemic relief, the White House said, triggering the flow of aid to individuals and businesses and averting the risk of a partial government shutdown on Tuesday.
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IMA sees growth in 2020 despite coronavirus upheaval
By Michael Cohn      5 min read
The Institute of Management Accountants reported record growth in 2020 despite the impact of the COVID-19 pandemic on the accounting profession.
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5 steps to defining your employment brand
By Amy Vetter
Firms need to take an active role in defining their employment brand if they want to maximize its value.
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SPONSOR CONTENT
Auditor best practices for busy season
Join our accounting industry thought leaders for a discussion around what best practices work the best in their firms and why.
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The accountant as educator
By Ted Needleman      5 min read
Accountants may not have signed on as an educator, but it often comes with the job.
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The intersection of COVID-19 and mental health
By Candice Eaton Gaul      7 min read
The coronavirus pandemic has sparked concern for the emotional wellbeing of entire populations.
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FASB: Don’t make big changes to the lease standard
By Ane Ohm      2 min read
While organizations would like to see improvement, the consensus is that big updates could make future implementations more confusing.
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2020 year-end tax planning for trusts can yield major savings
By Jo Stahl      4 min read
Even with just a few days remaining in 2020, a trustee can still employ tax-saving strategies.
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Use company acquisitions to access economic incentives
By Ben Worrell      3 min read
In the current economic environment, it could be advantageous for you or your clients to consider a strategic acquisition.
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GOP blocks Democrats’ bid for $2K payments Trump demanded
By Billy House      1 min read
House Republicans blocked Democrats’ attempt to meet President Donald Trump’s demand to pay most Americans $2,000 to help weather the coronavirus pandemic.
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RESOURCES
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Auditor best practices for busy season
Many firms struggle to comply with what is at the core of every audit, like identifying and responding to risks of material misstatement. That is why proactively learning good audit best practices can only be beneficial to your firm.
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ASC 842 lease accounting standard handbook →
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Continuous accounting: A smart approach to better, faster decision making →
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