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How to spot accounting fraud

ThomsonReuters

When one thinks of accounting fraud, it is likely that these are some of the cases that come to mind. However, most cases of accounting fraud will not make news headlines and can happen in companies of all sizes and industries. When someone is found guilty of committing accounting fraud, they are subject to criminal prosecution.

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Agencies Issue Regulations Implementing Prescription Drug and Health Care Spending Reporting Requirements, Including Rules for Aggregating Data

ThomsonReuters

As background, a transparency provision included in the Consolidated Appropriations Act, 2021 (CAA) requires plans to annually submit health care and drug cost reports to the agencies (see our Checkpoint article ). Here are highlights: Who Must Report? Content.

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How to Improve the NetSuite Invoice Approval Workflow

MineralTree

No wonder getting payments authorized and released is finance professionals’ top pain point for their vendor payment process, according to MineralTree’s State of AP Report. Invoices that do not meet exception criteria move to the fourth state and are automatically approved. However, it’s also easier said than done.

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Economist breaks down Consumer Price Index for payroll

ThomsonReuters

The CPI is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods. The BLS posts the CPI each month for a number of geographic regions in the United States. California, for example, has both a state minimum wage rate and more than 40 local minimum wage rates.

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Key insights into small business performance in 2022

Xero

The data for April indicated the early impact of the rising cost of living which affected consumers’ capacity to spend, resulting in a slowdown in sales across New Zealand, Australia and the UK. . The report found that on average, small businesses are cash flow negative for 4.2 The impact of inflation on small business.

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Tips for Outsourcing Your Payroll

DuctTapeMarketing

Before diving in, run a cost/benefit analysis. According to a 2017 survey from Paychex , payroll is the most time-consuming activity each week for HR professionals, taking up an average of 11 hours. Aside from the pure amount of time and money put into payroll each week, there are less tangible costs as well. Find A Consultant.

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Managing supply chain issues and mitigating risk

ThomsonReuters

Over the past two years, global supply chain issues have moved from a back-office corporate headache to front-page news, as shortages from new cars to groceries, semiconductors, and petrol effect lives around the world. That’s an average of 393 updates per day!