News
US tax collector postpones reporting of specified foreign financial assets for one year
The U.S. Internal Revenue Service (IRS) announced that it is postponing for at least one year the requirement that U.S. domestic entities report interests in specified foreign financial assets.Risky behaviour more common amongst middle managers than in C-suite
The senior executives often are the ones who make headlines when they act in ways that damage their companies. But behavioural risk to organisations actually decreases as seniority increases at the manager and professional level, according to new international research performed by talent measurement solutions provider SHL.Finance executives worldwide on alert about US debt issues
Management accountants are bracing for a decision by the US Congress on the nation’s debt ceiling and spending, and a majority predict the US will suffer in the form of a lower credit rating and weaker dollar. Market volatility and uncertainty is a concern for many finance executives, according to a new CGMA survey.Pay raises rampant in emerging markets
Projected raises for workers in emerging economies far outpace those of workers in developed areas such as Western Europe and North America. A study by Hay Group shows that pay in some emerging markets is expected to increase 10% in 2013.Five CEO myths – and what every manager can learn from them
Have you seen a new CEO immediately excel? What sorts of things did a new chief executive do well? A Boston Consulting Group report takes a look at some of the myths about how CEOs should act in their first 100 days.FATCA final regulations cover all the bases
The US Internal Revenue Service (IRS) issued final regulations providing rules on information reporting by foreign financial institutions (FFIs) and withholding on certain payments to FFIs and other foreign entities.More women join boards, but progress comes slowly
In the past six years, women joined boards of directors of S&P 1500 companies in increasing numbers, diversifying the boards’ expertise, skill sets and viewpoints. But one-fourth of boards still did not have women directors in 2012.Mervyn King: It’s business as “unusual” if you want to survive
International Integrated Reporting Council Chairman Mervyn King discusses what makes a good-quality integrated report.The countries with the most business-friendly taxes
In the past eight years, paying taxes has become easier and the tax burden lighter for many small and mid-size companies around the world, according to research by the World Bank and PwC. Find out which countries have the lowest tax rates and the least compliance hassles.Four lessons to learn from high-performing companies worldwide
Ernst & Young research identified four areas in which high-performing companies did a better job handling the challenges of the harsh global economic conditions. Find out what lessons can be learned from high performers worldwide.New mechanisms eyed by FASB, IASB in long march toward global comparability
The mechanisms for continuing to facilitate global comparability in accounting standards will change over the next few years. But the leaders of two major standard-setting boards said during a meeting in New York City that the commitment to global comparability remains.Big changes coming for audit reports
With proposed new requirements coming for the auditor’s report and new initiatives such as integrated reporting emerging, international auditing standards appear likely to undergo a period of substantial change.Growth, company size go a long way in determining CFO pay
US companies that grew by 50% or more in the three years prior to April 2012 increased CFO pay by an average of 20.2%, according to a report by Verisight and The CFO Alliance. For CFOs at companies that grew less than 10%, average pay increased 0.9%. Chief executives’ pay also was tied closely to a company’s size and growth.Inside the head of a head-hunter: How to secure your next senior role
In today’s cut-throat job market, working effectively with a head-hunter could prove critical in securing your next senior finance role. Find out what a head-hunter looks for in a candidate.More North American companies rewarding internal auditors with pay raises, perks
A greater percentage of companies are giving raises to the internal audit department, which reflects the increasing role in recent years as regulatory demands have also increased. An Institute of Internal Auditors survey also showed that those with specialty skills were likely to be paid more.The latest employee-retention threat: New Year’s resolutions
Seventy-nine per cent of HR directors in a UK survey expect to lose key employees in the first half of 2013, a Robert Half report says. Meanwhile, a US survey shows one-third of employed adults are willing to consider new jobs. Consider these steps to retain top talent.Research looks at the world’s most, least globalised countries
Globalisation is less advanced than perceived, research by Deutsche Post DHL and the IESE Business School in Spain suggests. The DHL Global Connectedness Index highlights some opportunities for improvement.CFOs: Finance teams’ strategic capabilities must improve
CFOs are being included in decision-making, and the capability they most want to see finance organizations improve is their strategic planning, according to a recent survey. The top challenges finance teams face are related to strategy.Tax basics of the “fiscal cliff” deal
The American Taxpayer Relief Act permanently extends a large number of tax items from the 2001 and 2003 tax acts and extends many expired tax provisions. Here is a look at the many changes contained in the bill, as well as other new taxes that took effect January 1st.
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