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Analysis: There's a whiff of birtherism in Trump's 'Pocahantas' attacks

CNN - Tue, 2018-03-13 06:10
President Donald Trump trades on identity politics, and that is what he's doing with Sen. Elizabeth Warren. Though the angle is different, it's reminiscent of his earlier remarks about Barack Obama's birth certificate. In both cases, Trump is using their identities against them.

She lost 150 pounds as an MMA fighter

CNN - Tue, 2018-03-13 06:00

The selective defense of airing Trump rallies live

Washington Post - Tue, 2018-03-13 06:00
In January 2010, cable networks carried an Obama rally live, too.

Was Putin really blaming Jews for interfering in the U.S. election? Probably not.

Washington Post - Tue, 2018-03-13 06:00
It’s important to understand that making the distinction between Jews and Russians does not, in Russian, mark the speaker as an anti-Semite.

It is almost certainly too late for Trump to stop Stormy Daniels's ‘60 Minutes' interview

Washington Post - Tue, 2018-03-13 06:00
A court order to silence the porn star would not force CBS to spike an interview it already has taped.

Republican: House Intel Committee has 'lost all credibility'

CNN - Tue, 2018-03-13 05:46
After the House intelligence committee announced it was shutting down its probe into possible collusion between the Trump campaign and Russia, a Republican who sits on it said he believes the committee has lost its credibility.

Execs with accounting skills more likely to cook the books

Futurity.org - Tue, 2018-03-13 05:32

Executives with high accounting competence are more likely than their less-competent counterparts to make accounting misstatements when financial incentives encourage them to misreport, new research suggests.

“…when both competence and financial incentives are present, this dark side of accounting competence emerges.”

When analyzing financial statements, auditors must be aware of a variety of risks associated with fraud or error. Managing these risks typically includes charging higher fees to certain companies or adjusting audit strategies. The new study, however, suggests auditors are overlooking a key risk factor.

“Competence, alone, is a great thing,” says Elaine Mauldin, a professor of accountancy at the University of Missouri. “Research has actually shown that, in general, it results in fewer misstatements. However, we found that when both competence and financial incentives are present, this dark side of accounting competence emerges.”

Mauldin and her colleagues, which included Nathan J. Newton, an assistant professor of accountancy, reviewed executives’ past managerial experience in accounting and auditing as an indicator of competence. Using financial statements from 2004-2013 from publicly traded firms, the researchers investigated the risk factors involved in significant misstatements that affected the reliability of financial reporting.

In particular, researchers focused on two main factors that, when combined with competence, influence the likelihood of misstatements. The first was compensation incentives, which reward executives financially for strong performance. The second was having an aggressive reporting attitude, which past discretionary reporting decisions that increased earnings indicated.

Together with competence, these factors form a fraud triangle in which each element of fraud—incentive, opportunity, and attitude—is present, with competence forming the “opportunity” side of the triangle. Researchers found executives were almost 30 percent more likely to make misstatements when they had both high accounting competence and compensation incentives. Without high competence, that number dropped to 4 percent.

This can make middle managers inflate success

Attitude also encouraged misstatements, but to a lesser degree. Paradoxically, audit firms charge lower fees to competent executives regardless of these other factors. According to Mauldin, this suggests competence reduces auditors’ responses to some risk factors.

“These executives have both the incentive and ability to change the books,” Mauldin says. “On the other hand, competence lulls auditors into a sense of security. Auditors need to be aware of the heightened risk these executives represent.”

The researchers report their findings in the Accounting Review. In addition to Mauldin and Newton, Anne Albrecht of Texas Christian University worked on the study.

Source: University of Missouri

The post Execs with accounting skills more likely to cook the books appeared first on Futurity.

The Daily: Listen to ‘The Daily’: Refusing to Stay Silent

NY Times - Tue, 2018-03-13 05:10
Venezuela placed the opposition leader Leopoldo López under house arrest, hoping to keep him quiet. But he continues to speak out. Here’s Part 2 of his story.

5 things you need to know today

CNN - Tue, 2018-03-13 05:08
March Madness isn't just for the guys. The women have a bracket all their own. Here's what you need to know about the teams. And here's what else you need to know to Get Up to Speed and Out the Door. (You can also get "5 Things You Need to Know Today" delivered to your inbox daily. Sign up here.)

Analysis: Somebody should tell Dems they've become the free trade party

CNN - Tue, 2018-03-13 05:05
Nothing better illustrates the Democratic Party's inability to adapt to the changing nature of its political coalition than the party's paralysis in the fierce debate over President Donald Trump's sweeping new tariffs on imported steel and aluminum.

Bannon encouraging populists to embrace 'racist' label confirms belief about the worldview he brought to the White House

Washington Post - Tue, 2018-03-13 05:00
"Racist” is a label American nationalists may be slow to embrace — but that may not matter much.

Why it was so easy for ‘60 Minutes’ to rebut Betsy DeVos's charter-school arguments

Washington Post - Tue, 2018-03-13 05:00
DeVos's home state of Michigan undercuts much of her rhetoric.

In hindsight, Trump's reversal on gun control was entirely predictable

Washington Post - Tue, 2018-03-13 05:00
When it comes to divisive issues, a pattern is starting to emerge for Trump: Lean left and ultimately end up far to the right.

How School Walkouts Test Student Rights And School Responsibilities

NPR All Things Considered - Tue, 2018-03-13 05:00

On Wednesday, students across the country will walk out of their classrooms in protest, and school leaders will respond in many different ways.

(Image credit: Nick Shepherd/Getty Images/Ikon Images)

5 things to know before the bell

CNN - Tue, 2018-03-13 04:59

Bruno Mars is accused of cultural appropriation. Black celebrities defend him.

CNN - Tue, 2018-03-13 04:51
Bruno Mars found himself caught in a heated debate about cultural appropriation over the weekend after an activist accused the "24K Magic" star of being a culture vulture profiting off of traditionally black music.

Decision made on Manson's body

CNN - Tue, 2018-03-13 04:49
A court has decided that Charles Manson's body, after months sitting on ice, will go to Jason Freeman -- who claims to be Manson's grandson.

iPhone battery troubles? 3 easy fixes

CNN - Tue, 2018-03-13 04:45

Op-Ed Contributor: Marco Rubio: To Fight China on Trade, We Need More Than Tariffs

NY Times - Tue, 2018-03-13 04:45
Broad tariffs alone won’t do anything to stop China’s unfair practices. The U.S. should use every tool in its arsenal.
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