It started the year worth less than $1,000 but has soared above $15,000. Back in 2011, it was worth less than a dollar. Some leading economists and financiers are calling bitcoin a bubble and a fraud, but industry insiders say they think it's only …
See Original Article

“We are talking about capital shortfalls in a stress-testing scenario,” Sahay told Bloomberg Television's Kathleen Hays in an interview. “It's in that scenario, it's not the current situation. They are moving in the right direction, they understand that the risks are large and they are mitigating them.” China's
See Original Article

The leader of Hamas, the Palestinian militant group that rules the Gaza Strip, called for a third uprising against Israel after President Donald Trump declared contested Jerusalem as the Israeli capital. Israel reinforced its troop deployment in the West Bank. “Jerusalem is being kidnapped and ripped from
See Original Article

“Technology is reshaping the accounting practice, and the next big area to be transformed by automation, artificial intelligence and other innovation is audit and attest services,” said CPA.com president and CEO Erik Asgeirsson, in a statement. “OnPoint is geared toward the more than 20,000 firms that
See Original Article

Practice Continuation for Small Accounting Firms [Infographic]. CPAs do a great job of providing accounting and tax services and trusted professional advice to their clients, but CPAs also need to take care of their own practices. No one likes to think about it, but as we age, some of us will become
See Original Article