Jorja Siemons

East Coast United States

Financial Accounting Reporter at Bloomberg Tax

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Articles

Green Credits Accounting Plan Critiqued Over Scope, Disclosures

1 week ago | news.bloombergtax.com | Jorja Siemons

The Financial Accounting Standards Board should slim down disclosure requirements in a first-of-its-kind proposal to standardize how companies account for carbon offsets and renewable energy certificates, market trade groups and the fuel industry said.
Trump Tariffs Leave Accountants Wrestling With Changing Terrain

1 week ago | news.bloomberglaw.com | Jorja Siemons |Andrea Vittorio

The Trump administration’s tariffs on international imports are set to ripple throughout US companies’ financial statements as executives and accountants alike grapple with trade policy whiplash. Accountants are advising companies to maintain strong financial guardrails and consistent reporting judgment as they assess the tariffs’ impact on key economic estimates and gauge whether they need to disclose the significance to investors.
Trump Tariffs Leave Accountants Wrestling With Changing Terrain

1 week ago | news.bloomberglaw.com | Jorja Siemons

The Trump administration’s tariffs on international imports are set to ripple throughout US companies’ financial statements as executives and accountants alike grapple with trade policy whiplash. Accountants are advising companies to maintain strong financial guardrails and consistent reporting judgment as they assess the tariffs’ impact on key economic estimates and gauge whether they need to disclose the significance to investors.
Trump Tariffs Leave Accountants Wrestling With Changing Terrain

1 week ago | news.bloombergtax.com | Jorja Siemons

The Trump administration’s tariffs on international imports are set to ripple throughout US companies’ financial statements as executives and accountants alike grapple with trade policy whiplash. Accountants are advising companies to maintain strong financial guardrails and consistent reporting judgment as they assess the tariffs’ impact on key economic estimates and gauge whether they need to disclose the significance to investors.
Bootleggers, Cops, and Cars: How Driving Became a Privacy Trap

1 week ago | news.bloomberglaw.com | Cassandre Coyer |Tonya Riley |Jorja Siemons

Chief Petty Officer Lee Schmidt was stuck in morning traffic en route from Norfolk, Va., to his job in Virginia Beach when he first noticed the “weird little camera” outside a CVS: an automated license plate reader. Schmidt began seeing the cameras everywhere after that first sighting in late 2023—outside banks, near schools, and “just to get on the interstate” heading to work. “You cannot dodge these,” said Schmidt, now retired from his Navy electronics technician job.
Bootleggers, Cops, and Cars: How Driving Became a Privacy Trap

1 week ago | ij.org | Tonya Riley |Jorja Siemons |Cassandre Coyer |Reilly Stephens

Chief Petty Officer Lee Schmidt was stuck in morning traffic en route from Norfolk, Va., to his job in Virginia Beach when he first noticed the “weird little camera” outside a CVS: an automated license plate reader. Schmidt began seeing the cameras everywhere after that first sighting in late 2023—outside banks, near schools, and “just to get on the interstate” heading to work. “You cannot dodge these,” said Schmidt, now retired from his Navy electronics technician job.
Deloitte Accused of Making Unfounded Trade Secrets Claims (1)

2 weeks ago | news.bloomberglaw.com | Jorja Siemons

Deloitte’s consulting practice faces a defamation lawsuit from a software provider claiming a disagreement over alleged trade secrets tarnished its professional reputation and cost the business hundreds of millions of dollars in contracts.
Deloitte Accused of Making Unfounded Tech Trade Secrets Claims

2 weeks ago | news.bloombergtax.com | Jorja Siemons

Deloitte’s consulting practice faces a defamation lawsuit from a software provider claiming a disagreement over alleged trade secrets tarnished its professional reputation and cost the business hundreds of millions of dollars in contracts.
Relief From Complex Derivatives Accounting Nears Finish Line (1)

2 weeks ago | news.bloomberglaw.com | Jorja Siemons

Companies involved in common business transactions that can get swept up into complex derivatives accounting rules are set to gain broader exceptions under a plan advanced by the US standard-setter.
Relief From Complex Derivatives Accounting Nears Finish Line

2 weeks ago | news.bloombergtax.com | Jorja Siemons

Companies involved in common business transactions that can get swept up into complex derivatives accounting rules are set to gain broader exceptions under a plan advanced by the US standard-setter. The Financial Accounting Standards Board told its staff Wednesday to draft a final update for a plan that widens carve-outs from complicated reporting rules designed for options, warrants, swaps, and other derivatives—financial contracts whose value depends on underlying assets, indices, or rates.