Category: News

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SEC Approves 2013 GAAP Taxonomy

“The Securities and Exchange Commission has approved the 2013 U.S. GAAP Financial Reporting Taxonomy, giving companies the green light to rely on it for use in preparing and submitting their financial statements in XBRL.”

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Don’t Change Your Brand

It’s very difficult to change an existing brand. Take industry giants JCP, Walmart, and Mazda for example. They changed their their brand’s position and failed miserably. “A better approach is to keep your existing brand focused and then hammer the reason it was successful in the first place…. Then consider the possibility of launching a

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Collection Of Evidence Top Audit Deficiency

A study conducted by the SEC, dating back to 1998, reveals many auditing oversights. Some of these deficiencies include lack of skepticism, failure to gather sufficient evidence, and failure to report an appropriate audit opinion.

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Nonprofit CFOs Get Comfortable With Thinner Margins

A recent survey from The NonProfit Times shows that most NPT chief financial officers are growing more comfortable with thinner margins. They view their organization’s overall financial health as good even with reserves of less than six months.

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Take The Power Back

At times, leaders may feel powerless when expectations are too high. It seems there aren’t any options and things are out of control. However, “leaders who take back their power by choosing to think or act differently about a situation… find that they’ve freed up emotional space to focus on things that are most important

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