KPMG to Add 110 New Jobs in Stamford
Governor Dannel P. Malloy today announced that KPMG LLP, the U.S. audit, tax and advisory firm, plans to add 110 jobs over the next five years in a new Stamford office. The company recently signed a long-term lease and plans to renovate space in...
Connecticut CPA Magazine Feature - Embracing Ambition: Women in Accounting Leadership
Taking a deeper dive into some of the profession’s “fearless leaders” and the programs and initiatives they’re helping take shape.
Connecticut CPA Magazine Feature - Five Steps to Prevent Complex Inventory Frauds
Fraudsters are becoming increasingly creative. Here’s how small and medium-sized enterprises in the manufacturing sector can guard against losses.
Connecticut CPA Magazine Feature - Today’s Sophisticated Spear Phishing Attempts Are Personally Targeting Finance Professionals
Unfortunately, as we become smarter about cybersecurity, the bad guys do, too. That’s where spear phishing comes in.
Study: CT workers’ comp. reforms showing results
A change to Connecticut law has led to lower workers compensation payments for outpatient surgeries, according to a recent study by the Workers Compensation Research Institute.
CNBC: CT business climate ranked No. 37 in U.S
High costs and a slow-growing economy rank Connecticut's business climate among the 15 worst in the nation, according to a new study.
Connecticut Labor Hopes To Blunt Janus
It was not unexpected, but the U.S. Supreme Court’s 5-4 decision in Janus v. AFSCME found government unions can’t force non-members to pay “agency fees” and it’s being framed by those who support the ruling as a blow to public sector unions....
Digital Transformation Joins List of Challenges Finance Leaders Face
Digital transformation emerged prominently in 2017 as a critical business focus, according to the Benchmarking Accounting and Finance Functions: 2018 report from Financial Executives Research Foundation (FERF) and global staffing firm Robert Half.
Malloy will release long-delayed hospital payments this week
Connecticut hospitals won’t have to wait until the summer’s end as they originally feared to receive close to $300 million in supplemental state payments.
Supreme Court Delivers a Sharp Blow to Labor Unions
The Supreme Court on Wednesday dealt a major blow to organized labor. By a 5-to-4 vote, with the more conservative justices in the majority, the court ruled that government workers who choose not to join unions may not be required to help pay for...

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  Finding the Value in Fair Value

By Gretchen G. Naso, CVA

Over the past 15 years, fair value accounting has evolved to become a part of many private companies’ financial statements. This evolution has not come without controversy. Due to its heavy reliance on assumptions and professional judgment, fair value reporting is dismissed by critics as an art, not a science, and is often considered unreliable.

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  Connecticut CPA magazine feature
U.S. Department of Labor’s New Fiduciary Rule Now Applies
Expands definition of investment advice

By George J. Kasper, J.D., LL.M., Pullman & Comley; Member, CTCPA Employee Benefit Plans Interest Group

Last year the U.S. Department of Labor (DOL) released a controversial new fiduciary regulation (the “Fiduciary Rule” or “Rule”) and related exemptions that impact investment advisers to certain retirement plans, IRAs, and other similar arrangements. The Rule has garnered much attention due to its broad application not only to financial institutions and their advisers, but others who provide services to plan sponsors, participants, and retirement account owners as well. In the midst of ongoing debate, legal challenges, and a directive from President Trump, the DOL delayed the Fiduciary Rule “applicability date” until June 9, 2017.

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  Connecticut CPA magazine feature
Making Work Work for the 21st Century: Exploring the Benefits of Workflex

By Cassidy J. Solis, Workplace Flexibility Program Specialist, Society for Human Resource Management

The 21st century workplace requires policies and practices that are responsive to employee needs and enable them to have more control over how they accomplish their work and responsibilities. That’s why top employers are making effective and flexible work – or “workflex” – a fundamental part of their strategy to attract and retain the best talent.

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  Recovering Losses From Employee Theft and Embezzlement

By Stephen A. Pedneault, CPA/CFF, CFE, Forensic Accounting Services, LLC

Individuals are stealing at an alarming rate, and the subsequent losses range from hundreds of thousands to millions of dollars. Over the past 10 years, the frequency of employee fraud has reached epidemic levels, yet only a fraction of these cases ever become public. Most are quietly resolved – for many reasons, but primarily to avoid negative publicity.

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