FEI Weekly

October 17, 2017

How employee engagement affects the bottom line and the U.S. companies paying the lowest tax rates.

The Biggets Driver for CFO Trust in the Cloud

PYMTNS.com

A big reason why CFOs are motivated to embrace the cloud is to establish a "single source of truth" for their companies. A recent study revealed that, though CFOs trust the cloud, they continue to lack confidence in their data, delaying decision making.

A New Accounting Standard From The FASB

Forbes

The new standard requires companies to present service cost as the only operating component of periodic pension costs on the income statement. The change will be required for annual reporting periods beginning after Dec 15, 2017 (meaning companies with fiscal year ends of Dec 31, 2017 are not required to adopt the change).

EY Agrees to Pay £1.8m Over Audit Misconduct

economia

EY admitted to to "misconduct" in relation to a 2011/2012 audit of Tech Data. The Financial Reporting Council (FRC) initally fined the firm £2.75m, which was adjusted for mitigating factors and discounted to £1.8m. Tech Data launched an internal investigation last year, after restating its accounts for the fiscal years 2011, 2012 and 2013.

The U.S. Companies With the Lowest Tax Rates

Business Insider

Framework for a tax plan released by the "Big Six" includes a lowering of the 35% corporate rate, a rate that is among the highest in the world. Some companies, however, are already paying significantly less than that.

3 Ways to Be Happier at Work

Knowledge@Wharton

Employee disengagement and unhappiness impact not only individual effectiveness, but the company's the bottom line. Author Annie McKee shares the three requirements that workers need to feel more fulfilled on the job.