Hidden Blacklist

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Ethical Dilemma, Financial Accounting, Income Taxes, Intermediate Accounting, International Accounting, Managerial Accounting, Uncategorized.

According to Politico, the new tax law includes a little-noticed blacklist barring people working in certain fields, and earning more than $157,500, from claiming a new 20 percent deduction for unincorporated businesses called pass-throughs. Questions: Why did the Congressmen decide that pass-throughs should be limited? Who ultimately gets to make the decision? According to¬†Acting IRS… Read more »

Will your digital brain let you slow down?

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, Auditing, Cost Accounting, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Fraud Accounting, IFRS, Intermediate Accounting, International Accounting, Managerial Accounting.

What are the consequences of reading with the interactivity of the Internet? Researchers warn that people seem to be developing digital brains with new circuits for skimming through the torrent of information online and this is actually competing with our traditional deep reading circuitry. Questions: 1. How do you think that this could impact auditors… Read more »