⬇️ The Thursday Lowdown ⬇️

If you’re new around here, every day I share the 4-5 best accounting insights I saw in the past 24 hours.

I scroll. so you don’t have to.

💎 WTF of the Day

ADM’s Officer Bails as $12B Accounting Scandal Unfolds

ADM is in hot water—a $12 billion accounting mess, to be exact. The company’s compliance chief, who was supposed to keep things in check, just announced they're leaving.

Meanwhile, ADM is stalling on its quarterly financials, leaving investors on edge about how bad this could get. 

Source: Bloomberg Law

💎 What’s poppin in accounting

Discover Bank SEC Showdown Delays Financials

Discover is clashing with the SEC over how it reports key numbers like credit card fees and customer costs. The SEC wants changes, but Discover isn’t budging, delaying its latest financial filings. 

With this accounting tug-of-war, investors are left wondering if this could reshape how Discover’s profits—and risks—are reported.

Source: Delaware Business Times

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💎 Did you know?

CIA certification is top surging skill

In the accounting world, Certified Internal Auditor (CIA) certification is on fire. With demand surging, this specialized skill is becoming a must-have for accountants looking to stand out. 

It’s not just about auditing anymore—it’s about mastering risk management and internal controls, which are more in demand than ever.

Source: Accounting Today

 📊 Weekly Trend Chart

Amazon Rainforest Deforestation Hits 9-Year Low

A win for Earth, deforestation in the Amazon rainforest has dropped to its lowest level in nearly a decade.

Thanks to stricter policies and conservation efforts, this vital ecosystem is seeing a break from the intense logging that has put it at risk for years—a hopeful trend for one of Earth’s most important forests.

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