Your Daily Accounting Briefing – 2024-01-23

1 min read

Let’s see what’s in the news today.

World’s First Billionaire Studied Accounting Just For 10 Weeks. This Is His Story

From the money he saved and a loan from his father, John D Rockefeller opened his first business in 1859. Mr Rockefeller joined the oil business in 1870 and focussed on refining the crude oil.

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ACCA survey reveals declining confidence among accountants,

The GECS report indicates that concerns among accountants about increased costs have eased slightly. However, these concerns remain elevated by historical standards.

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Thai SEC to ramp up supervision of high-yield bonds following defaults and accounting scandal

The SEC plans to proactively contact companies when there are potential issues with their ability to service high-yield debt, in order to provide early warning signals.

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Accounting watchdog cuts red tape as ministers press regulators for UK growth

The City’s accounting regulator has confirmed a newly slimmed down rulebook to ease the red tape burden on firms “support growth”.

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Durham Public School sees some staff walk out after salary error

An accounting error has thrown Durham Public School into a state of uncertainty

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