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 a new study showcasing how more cybersecurity is needed in the healthcare arena. In addition, the private sector added many new jobs and U.S. construction spending hit a seven-year high — both confirming that the economy is gaining momentum.
Healthcare’s Cyber-Security Spend Found Lacking
Four-fifths of U.S. healthcare executives say hackers had compromised their information technology, a symptom of the sector’s lack of investment in cyber security, according to a new study.
Private Sector Adds 190,000 Jobs in August
Private-sector job growth in the U.S. continues to be strong across the board — except within the energy sector, according to a new report.
U.S. Construction Spending Hits Seven-Year High
The latest figures on U.S. construction spending — the highest in seven years — confirm the economy is gaining momentum in the third quarter.
GASB Plans Revamp of Financial Reporting Model
The Governmental Accounting Standards Board (GASB) decided to add a project to its technical agenda to re-examine the financial reporting model for state and local governments.
AICPA Garners Feedback for Next Version of the CPA Exam
The AICPA recently released an Exposure Draft on proposed changes to the Uniform CPA Examination for stakeholder review and input.
Healthcare M&A: The True Diagnosis
Forbes Magazine is offering interesting insights into the true state of the healthcare M&A market.
8 Personal Finance Lessons Every Student Should Learn
Huffington Post has provided eight personal finance lessons that every student should learn.