Weekly News Round Up: Cyber Risk Budget Challenges; IRS and Identity Theft; and M&A and Life Sciences
October 26, 2015
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 U.S. corporate bankruptcies stayed flat for the fourth straight quarter. In addition, CFOs are concerned about their cybersecurity budgets, and the IRS is taking steps to fight identity theft.
Bankruptcies Stay Flat for Fourth Straight Quarter
The number of U.S. corporate bankruptcies remained steady in the third quarter but mining- and energy-related bankruptcies surged, reflecting low oil prices.
Beware ‘Starving’ Cyber Risk Budgets, CFOs Warned
With cyber risks looming ever larger, CFOs must avoid “starving” information technology security budgets, according to a new study.
IRS, States and Tax Industry Adding New Safeguards to Curb Identity Theft
The Internal Revenue Service recently met with a group of state tax administrators and tax industry leaders to discuss additional steps to strengthen safeguards against identity theft and tax refund fraud.
Anti-Fraud Groups Create Self-Study CPE Ethics Courses
The Anti-Fraud Collaboration recently introduced a free set of online self-study courses for corporate ethics training that can provide continuing professional education credit.
More Companies Opting for Private Health Exchanges
The number of corporations providing health benefits to employees through private exchanges will grow again in 2016, according to a new study.
For Life Sciences Companies: Using M&A to Drive Shareholder Value
The void left by weak R&D pipelines appears to be driving the need for life sciences organizations to create shareholder value through non-traditional approaches, according to this Wall Street Journal article.
Eight More Classic Personal Finance Books You Must Read
Here are eight classic personal finance books that are still worth reading, as provided by the Wide Bread blog.