FEI Weekly

December 10, 2019

Will 5G go mainstream in 2020? Samsung execs jailed for accounting fraud and what to expect from the Fed meeting.

Will 5G Go Mainstream in 2020?

CNET

"2020 is the year 5G goes mainstream," Qualcomm President Cristiano Amon proclaimed at the start of the Snapdragon Tech Summit in Hawaii. Verizon is hoping to expand coverage and devices in 2020, while Sprint, which has a strong 5G network in cities where it has midband airwaves, is counting on its merger with T-Mobile to provide customers nationwide service. AT&T, which introduced 5G on mmWave a year ago for business customers, still hasn't started letting consumers access its network.

Samsung Execs Jailed for Accounting Fraud

Tech Portal

A South Korean court has found three Samsung executives guilty on charges of accounting fraud. The execs were booked for burying computers under the floors of a factory at their Biotech facility. Samung’s CEO Jay Y. Lee has also been facing charges of corruption.

What to Expect from the Fed Meeting 

Barron's

The Federal Reserve’s two-day policy meeting begins today and, though most investors and traders are betting that the Fed will keep cutting rates in coming months and years, thanks to relatively low inflation, the strong jobs report released on Dec. 6 may encourage some officials to consider raising rates instead.

CAMs vs. CAEs

Journal of Accountancy

PCAOB rules related to inclusion of critical audit matters (CAMs) in the auditor’s report took effect for large accelerated filers for fiscal years ending on or after June 30, 2019. The rules took effect for audit reports of all other applicable companies for fiscal years ending on or after Dec. 15, 2020. SEC Professional Accounting Fellow Louis Collins says that while CAMs tend to be a subset of CAEs, there also have been instances when a CAM was not reported as a CAE by management.

The 70/20/10 Leadership Model

Forbes

Author of "Outward Bound Lessons to Live a Life of Leadership: To Serve, To Strive, and Not To Yield," Mark Brown presents the 70/20/10 leadership model. The 10% part of this model describes formal training via workshops, a course or in a classroom environment. The 70% is learning how to lead through real-world experiences. The 20% involves a senior leader coaching or mentoring a junior leader.