Weekly News Round Up: Job Hiring Lagging; Potential Vote for IRS Impeachment; and New Malware Threat for Banks
September 12, 2016 - By: SC&H Group
Welcome to the Weekly News Round Up from the SC&H Group blog. Each week, we showcase audit, tax, and consulting news to keep you informed about the current stories and events impacting the accounting and business landscape – and ultimately your financial obligations.
This week, we highlight how hiring lags behind job openings, and the House is close to holding a vote to impeach the IRS Commissioner. In addition, the IRS finalizes taxpayer definition rules for same-sex marriages, and a new form of malware targets Android banking apps.
Hiring Lags Well Behind Job Openings in July
A job market metric that is closely watched by the U.S. Federal Reserve shows plenty of job openings but a relative lack of hiring, possibly indicating employers are having trouble finding qualified workers.
House Will Hold Vote on Whether to Impeach IRS Chief
Speaker Paul Ryan said that the House will vote on whether to impeach IRS Commissioner John Koskinen, and he indicated members won’t be pressured to vote one way or the other.
AICPA Supports Legislation on Executive Branch Audit
The AICPA is supporting legislation that would require the Comptroller General of the U.S. to provide a presentation before a joint session of Congress of the audited financial statements of the executive branch of the federal government.
IRS Finalizes Taxpayer Definition Rules for Same-Sex Marriages
The IRS has issued final regulations redefining terms relating to marital status to include same-sex marriage for federal tax purposes, in accordance with Supreme Court decisions.
Troubling Trends Seen in SOX 404 Disclosures
Sarbanes-Oxley disclosures on management assessment of internal controls over financial reporting are indicating some worrying trends, according to a new report.
New Malware Targets Android Banking Apps, Cybersecurity Group Says
Cybersecurity researchers have discovered a new type of malicious software that circumvents security features on version 6 of the Android mobile-phone operating system, allowing criminals to infiltrate banking apps and steal credit-card details.