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Americansâ financial well-being reaches its highest level in 10 years (Journal of Accountancy) - Americans enjoyed a 10-year high in their personal financial standing during the second quarter of 2017, according to the AICPAâs Personal Financial Satisfaction Index (PFSi). ADVERTISEMENT Share our news via Twitter and Facebook, on your personalized news page. MORE HEADLINES AICPA issues standard for audits of exempt securities (Accounting Today) - The American Institute of CPAs has released a new standard that provides guidance to auditors about their responsibilities when auditing securities exempt from registration under the Securities Act of 1933 and franchise offerings known as exempt offerings. Sarbanes-Oxley 15 Years Later: Accountants Need to Speak Up Now More Than Ever (Going Concern) - This Sunday, July 30, 2017, marks the 15th anniversary of the enactment of the Sarbanes-Oxley Act (âSOXâ) of 2002. SOX emerged after the âsmartest guys in the roomâ caused Enron to implode, and WorldCom magically erased billions in earnings overnight. Donât Take the Bait, Step 3: Security Summit Safeguards Help Protect Individuals; Renew Focus on Curbing Data Breaches and Business Identity Theft (IRS) - The IRS, state tax agencies and the tax industry have made significant progress in the past two years against tax-related identity theft aimed at individuals but warned business identity theft is on the upswing. Balance Due (CFO) - Structuring executive compensation is a delicate balancing act that isnât getting easier. Pay plans have multiple goals â attracting and retaining top talent, motivating performance, and keeping activist shareholders at bay â that are often at odds with each other. Accounting/Audit Business News | TOP 5 MOST READ
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