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Technology & Business Advisory News


4 Management Accounting Principles to Guide Improved Decision-Making
Oct. 22, 2014:

The AICPA and the Chartered Institute of Management Accountants have released the Global Manag...
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Fannie, Freddie, FHFA, Lenders Work on Mortgage Deal
Oct. 21, 2014:

Fannie Mae, Freddie Mac, the Federal Housing Finance Agency and lenders are working on an agre...
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Salary Increases Declined in Q3
Oct. 20, 2014:

Only 24% of companies surveyed by the National Association for Business Economics increased wa...
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U.S. Emerging as One Hope as Global Economy Stumbles
Oct. 17, 2014:

Signs are accumulating that the global economy is nearing a decisive juncture as many of the u...
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Cancellation-of-Debt Rules Would No Longer Include 36-Month Testing Period
Oct. 15, 2014:

In response to concerns that the existing rule was confusing, the Internal Revenue Service iss...
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Weak World Economy Could Force Fed to Hold Rate Policy
Oct. 14, 2014:

An increase in interest rates could be delayed if softness in the global economy persists, Fed...
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Loose Monetary Policies Could Trigger Crisis, IMF Warns
Oct. 13, 2014:

Financial officials at the International Monetary Fund's semiannual meeting warned that ea...
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Oil Prices Fall As Weak Global Economy Slashes Demand
Oct. 10, 2014:

Driven by a flood of supplies and declining demand, oil prices have fallen to their lowest lev...
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Fed's Decision on Interest Rates Boosts Wall Street to Year's Strongest Closing
Oct. 9, 2014:

The three major U.S. stock indexes hit their highest levels in a year after the Federal Reserv...
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IMF UrgesFfinancially Strong Countries to Boost Growth
Oct. 8, 2014:

Cash-rich countries such as Germany should accelerate public investments to boost the world...
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Obama Urges Regulators to Drain Risk From Markets
Oct. 7, 2014:

President Barack Obama is stressing to regulators a need to "prevent excessive risk takin...
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Lawmakers Seek Action on Cybersecurity Bill
Oct. 6, 2014:

The cyberattack on JPMorgan Chase has prompted lawmakers to push for advancement of legislatio...
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U.S. Unemployment Rate Dropped to 5.9% in September
Oct. 3, 2014:

Nonfarm payrolls were up 248,000 in September, according to data released by the Bureau of Lab...
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Strengthening Dollar Could Draw Foreign Investors to U.S. Markets
Oct. 2, 2014:

Global monetary policy trends are expected to keep the U.S. dollar strong for months, if not y...
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U.S. Consumers Spend More, But Housing Data Lag
Oct. 1, 2014:

U.S. consumer spending picked up last month, but housing figures showed continued cause for co...
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U.S. on Track For Fourth Straight Year of IPO Leadership
Sep. 30, 2014:

Companies have raised $77 billion through initial public offerings this year in the U.S., help...
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U.S. Dollar Reaches 4-Year High
Sep. 29, 2014:

The U.S. Commerce Department's report of 4.6% gross domestic product growth in the second ...
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Advisers Worry About Cyberattack Vulnerability
Sep. 26, 2014:

An increase in cyberbreaches is leading financial advisers to consider whether they are doing ...
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Most Americans Say U.S. Still in Recession, Survey Finds
Sep. 24, 2014:

Almost three-quarters of Americans say the U.S. is still in a recession, according to the 2014...
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Goldman Predicts Treasury 10-Year Yields to Rise
Sep. 23, 2014:

Philip Moffitt of Goldman Sachs Asset Management said that Treasury 10-year yields could incre...
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G-20 Finance Ministers to Address Global Corporate Tax Reform
Sep. 19, 2014:

Finance ministers and central bankers are set at this weekend's Group of 20 nations meetin...
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Fed Assures It Isn't Close to Raising Interest Rates
Sep. 18, 2014:

The Federal Reserve's policy-making committee rejected calls to accelerate the withdrawal ...
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OECD Rolls Out Initiative for Global Tax Overhaul
Sep. 17, 2014:

The Organization for Economic Cooperation and Development has proposed new international tax r...
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A Warning to Loss Corporations Raising Capital
Sep. 16, 2014:

Corporations need to be aware that issuing stock warrants or convertible debt to raise funds s...
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American Shoppers Step Up Spending
Sep. 15, 2014:

Retail sales in the U.S. rose 0.6% in August, the sharpest increase in four months. Sales at f...
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The Impact of Fraud in Fluctuating Currencies
Sep. 12, 2014:

Transactions involving the use and exchange of foreign currencies are one of the least-researc...
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Economists Cut U.S. Growth Forecasts as Wholesale Stock Growth Disappoints
Sep. 11, 2014:

Economists are paring their third-quarter growth estimates for the U.S. economy after a report...
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IRS Clarifies Power-of-Attorney Requirements for Corporate Employees
Sep. 10, 2014:

The Internal Revenue Service issued a directive distinguishing between corporate employees who...
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U.S. Consumer Borrowing Surges
Sep. 9, 2014:

Outstanding consumer credit in the U.S. soared by a seasonally adjusted $26 billion in July, t...
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Fed's Interest-Rate Language Debated
Sep. 8, 2014:

The Federal Open Market Committee is calling for different language for the Federal Reserve...
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Job Growth Slowed in August
Sep. 5, 2014:

The Labor Department reported that the U.S. economy created 142,000 jobs in August and unemplo...
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Car Sales, Factory Orders Boost Outlook for U.S. Economy
Sep. 4, 2014:

Vehicle sales hit their highest level in more than eight years in August, and new orders recei...
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How to Bring More Women Leaders into the Profession
Sep. 3, 2014:

About half of new CPAs are women, but only about 14% of executive positions in business and 19...
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Expectations of Central Bank Interventions Send Stocks Higher Worldwide
Sep. 2, 2014:

Stocks worldwide have had stellar gains lately, propped up mostly by expectations that central...
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U.S. Bank Lending Reached Record $8.11T in Q2
Aug. 29, 2014:

U.S. bank loan and lease balances reached $8.11 trillion in the second quarter for a 2.3% incr...
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FBI Examines Reports of Bank Cyberattacks
Aug. 28, 2014:

The FBI is looking into media reports of cyberattacks on financial companies. While the bureau...
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U.S. Posts Lower Home-Price Increase
Aug. 27, 2014:

House prices increased 8.1% in June compared with June 2013, a smaller gain than May's 9.4...
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Treasury Aims to Trim M&A Inversion Tax Savings
Aug. 26, 2014:

The Treasury Department is looking to close loopholes, but not eliminate provisions in the tax...
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Yellen: No Rate Change in Immediate Future
Aug. 25, 2014:

Janet Yellen, head of the Federal Reserve, used a widely followed speech to ease market concer...
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Central Banks Wary of Ending Easy Monetary Policy
Aug. 22, 2014:

Central bankers worldwide say economic conditions are still fragile and that easy monetary pol...
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Fed is Encouraged but Waiting for Further Labor Gains
Aug. 21, 2014:

More progress is needed in the U.S. labor market before the Federal Reserve will consider boos...
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AICPA Reaches Membership Milestone
Aug. 20, 2014:

The AICPA announced Tuesday that its membership has eclipsed the 400,000 mark. The accounting ...
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Treasury Looks Into Ways to Deter Inversions
Aug. 19, 2014:

Treasury Secretary Jack Lew is expected to select one or more of the options department offici...
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Economists Dial Back U.S. Growth Outlook for 2014
Aug. 18, 2014:

Economists are a bit more optimistic about the third quarter for the U.S. economy, predicting ...
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U.S. Economy's Expansion Could Last Another 2 Years
Aug. 14, 2014:

If the pattern of post-World War II recession holds, U.S economic expansion is due to last for...
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Job Openings Show Strongest Demand For U.S. Workers in 13 Years
Aug. 13, 2014:

The number of unfilled job openings in the U.S. climbed to 4.67 million in June, marking the s...
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U.S. Gets Back Jobs Lost in Recession, But Workers Paid Less
Aug. 12, 2014:

High-paying construction and manufacturing jobs lost in the recession have been replaced by wo...
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U.S. Worker Productivity Bounces Back
Aug. 11, 2014:

U.S. worker productivity, which saw a 31-year record annualized drop of 4.5% in the first quar...
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Senators Urge Committee Not to Force Small Companies to Use Accrual Accounting
Aug. 8, 2014:

Forty-six senators wrote to the Senate Finance Committee urging it not to modify accounting ru...
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AICPA Seeks Comments on Private-Entity Audit Improvement Efforts
Aug. 7, 2014:

The AICPA on Thursday released a discussion paper seeking input on its Enhancing Audit Quality...
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Survey Ranks Accounting as Most Profitable Profession
Aug. 6, 2014:

Accounting, payroll services, bookkeeping and tax preparation had a collective net profit marg...
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U.S. Treasury to Issue Less Debt Than Usual as Tax Receipts Rise
Aug. 5, 2014:

The U.S. Treasury expects to borrow $192 billion for the July through September quarter, the l...
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Big Weekly Drop in U.S. Stocks Raises Questions on Bull-Market Longevity
Aug. 4, 2014:

The biggest weekly decline in more than two years in the Standard & Poor's 500 index l...
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Unemployment Rate Rises Amid Slowdown in U.S. Job Growth
Aug. 1, 2014:

The U.S. economy created 209,000 jobs in July, which was below the 233,000 figure economists e...
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U.S. Economy Returns to Growth After Winter Downturn
Jul. 31, 2014:

The U.S. economy in the second quarter outstripped most economists' forecasts, rebounding ...
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U.S. Gauge Adds to Concerns Over Housing Market; Consumer Confidence Improves
Jul. 30, 2014:

A key measure of the U.S. housing market declined in May for the first time since 2012, but th...
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Social Security's Disability Insurance Trust Fund Will Run Out in 2 Years
Jul. 29, 2014:

The Disability Insurance Trust Fund from Social Security is scheduled to be fully depleted by ...
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Lagging Wages Give Fed Scope to Keep Rates Low
Jul. 29, 2014:

Many U.S. indicators are pointing up, but the Federal Reserve is keying on wages and their stu...
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U.S. Household Inflation-Adjusted Net Worth Drops 36% Over 10-Year Period
Jul. 28, 2014:

The inflation-adjusted net worth for a typical U.S. household has declined by 36%, from $87,99...
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IMF Revises U.S. Growth Estimate Down to 1.7% for the Year
Jul. 24, 2014:

The International Monetary Fund lowered its 2014 U.S. growth estimate to 1.7%, from a 2% proje...
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U.S. Estimated to Collect $332.7B in Corporate Income Tax This Year
Jul. 23, 2014:

The White House projects that $332.7 billion in corporate income tax will be collected in 2014...
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High Demand For CPAs Shows in Salaries, Referral Bonuses
Jul. 22, 2014:

Demand for CPAs and accounting talent is causing salaries to rise and prompting firms to offer...
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13 States That Boosted Minimum Wage are Creating Jobs at Faster Pace
Jul. 21, 2014:

Statistics released by the Labor Department on state-by-state hiring trends show that the 13 s...
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Airliner Downing Might Lead to Tougher Sanctions on Russia
Jul. 18, 2014:

The shooting down of a civilian airliner over Ukraine could persuade the EU and other governme...
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SEC Says it Will Vote on Money Market Rules Next Week
Jul. 17, 2014:

The Securities and Exchange Commission said it will vote Wednesday on final rules affecting mo...
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Data Suggest U.S. Economy is Strengthening
Jul. 16, 2014:

Consumer-spending and manufacturing data are leading economists and executives to suggest the ...
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How CPAs Can Help Veterans With Health Care Questions
Jul. 15, 2014:

Veterans have many health care questions in the wake of the Veterans Affairs health care scand...
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Fed Rate-Hike Shadow Doesn't Dim Demand For U.S. Debt
Jul. 14, 2014:

The threat of higher benchmark rates from the Federal Reserve has not dimmed demand for U.S. T...
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Jobless Data Show U.S. Economy is Recovering
Jul. 11, 2014:

U.S. initial jobless claims totaled 304,000 last week, down 11,000 compared with the previous ...
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American 15-year-olds Rank Below Average in Global Financial-Literacy Survey
Jul. 10, 2014:

The U.S. scored slightly below average, at 492, for financial literacy among 15-year-old stude...
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Improper Government Payments Reached $100B in 2013
Jul. 9, 2014:

By its own reckoning, the U.S. government made $100 billion in improper payments last year in ...
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Election-ear Politics May Halt Spending Bills in Senate
Jul. 8, 2014:

Campaign tactics leading up to what are likely to be hard-fought elections are pushing the Sen...
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288,000 Jobs Added to U.S. Payrolls in June
Jul. 3, 2014:

The U.S. economy added 288,000 jobs in June and the unemployment rate declined to 6.1%, accord...
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S&P 500 and Dow Rise to Fresh Highs
Jul. 2, 2014:

The Dow Jones industrial average and the Standard & Poor's 500 index kicked off the se...
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Study: 1M Americans Might Lose Federally Insured Pensions
Jul. 1, 2014:

More than 1 million Americans covered by multiemployer pension plans are in danger of losing r...
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High Unemployment in the U.S. Won't Subside Until 2030, Group Predicts
Jun. 30, 2014:

The Boston Consulting Group predicts high unemployment in the U.S. through 2030 based on its c...
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U.S. Consumer Spending Rose Less Than Expected in May
Jun. 27, 2014:

Less-than-expected consumer spending last month has led several economists to lower projection...
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Millennials Will Reshape Housing Market, Study Finds
Jun. 26, 2014:

Between 2015 and 2025, millennials will make up 24 million new households, according to a stud...
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Skills Needed For Finance to Cut Through Complexity
Jun. 25, 2014:

The expansion of finance professionals' roles in an increasingly complex business environm...
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Orientation Period Allowed Before 90-day Health Insurance Waiting Period
Jun. 24, 2014:

The federal government is allowing employers to impose a one-month orientation period before t...
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U.S. Jobs, Business Data Point Up
Jun. 20, 2014:

Both the number of Americans filing for jobless benefits last week and the four-week moving av...
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Americans Were More Optimistic About Startups in 2013, Survey Finds
Jun. 19, 2014:

A survey by the Global Entrepreneurship Monitor found that 47% of Americans said they were mor...
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SEC Turns Attention to Audit Fraud, Financial Reporting
Jun. 18, 2014:

Financial reporting and audit fraud are the next areas of enforcement for U.S. securities regu...
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Wall Street Predicts Iraq Fighting Will Boost Oil Prices
Jun. 17, 2014:

Before rebels started taking control of cities across northern Iraq, analysts on Wall Street w...
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What New Disclosures Will the Revenue Standard Require?
Jun. 16, 2014:

Expanded disclosures required by the new, converged revenue recognition standard are expected ...
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U.S. Retail Sales Growth Short of Economists' Expectations
Jun. 13, 2014:

Retail sales in the U.S. increased 0.3% last month, the Commerce Department said. Economists w...
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Great Recession May Have Introduced Era of Slow Growth For U.S.
Jun. 12, 2014:

Economists are increasingly expressing the view that after a sluggish emergence from the Great...
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An Overlooked Downside of Holding Profit Overseas
Jun. 10, 2014:

A Fitch Ratings report highlights risk faced by U.S. multinationals and shareholders when prof...
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Rebounds From Recessions Taking Longer
Jun. 9, 2014:

A look at past U.S. recessions and recoveries reveals a growing tendency for the economy to ta...
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U.S. Economy Added 217,000 Jobs in May
Jun. 6, 2014:

The Bureau of Labor Statistics reported Friday that the U.S. economy added 217,000 jobs in May...
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U.S. Near Post-Crisis Milestone For Jobs
Jun. 5, 2014:

The U.S. needs 113,000 more jobs to fully recover positions lost during the financial crisis. ...
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U.S. Auto Industry Posts Strongest Sales in Over 7 Years
Jun. 4, 2014:

Sales of new vehicles last month rose to an annual rate of 16.8 million, the highest pace sinc...
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U.S. Manufacturing Growth Accelerates in May
Jun. 3, 2014:

U.S. manufacturing continued to grow last month, with the Institute for Supply Management'...
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Poor Wage Growth Weighs on U.S. Economy
Jun. 2, 2014:

U.S. wage growth slowed to a trickle in April to 0.2%, extending a pattern of feeble gains tha...
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U.S. Economy Contracted in Q1 for First Time in 3 Years
May. 31, 2014:

America's gross domestic product in the first quarter declined at an annualized rate of 1%...
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U.S. Housing Market Drifts as Fed Watches helplessly
May. 29, 2014:

A tough first quarter for the U.S. housing market has diminished hopes for a healthy rebound. ...
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Equity Crowdfunding Brings New Value to Financial Sector
May. 28, 2014:

Equity crowdfunding is pushing further into the financial sector, from startup funding to real...
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IRS Sets High Penalties For Companies That Send Employees to ACA Health Exchanges
May. 27, 2014:

According to an Internal Revenue Service ruling, employers that move employees to health insur...
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U.S. Jobless Claims Bump Up, But Trend Remains Favorable
May. 23, 2014:

The number of Americans making initial claims for jobless benefits climbed more than expected ...
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8 Attributes of Great CPA Firms
May. 22, 2014:

What sets apart the top-performing accounting firms from their peers? Why do some leadership t...
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Nearly $3.7 Trillion Lost to Occupational Fraud Worldwide
May. 21, 2014:

Occupational fraud produces losses equivalent to 5% of organizational revenues worldwide, acco...
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Credit Suisse Pleads Guilty to Aiding Americans' Tax Evasion
May. 20, 2014:

Credit Suisse has become the first major bank in about 20 years to plead guilty to a criminal ...
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Costs Moderate For Employer-Sponsored Health Care Costs Moderate for Employer-Sponsored Health Care
May. 19, 2014:

Costs of employer-sponsored health care plans are rising this year but at a moderate rate, wit...
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How Companies Get Overconfident with Pension Contribution Projections
May. 16, 2014:

Over the past 10 years, 71% of Standard & Poor's 500 companies have put more money in ...
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U.S. Producer Prices Post Biggest Gain Since Sept. 2012
May. 15, 2014:

The U.S. producer price index climbed the most in more than a year in April because of a highe...
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U.S. Retailers Post Almost No Sales Growth For April
May. 14, 2014:

Retail-sales growth almost disappeared last month in the U.S., increasing only 0.1%, the Comme...
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Young Adults Earn Higher Wages When Using Parents' Health Insurance, Study Finds
May. 13, 2014:

Adults under age 26 who remain on their parents' health insurance plan saw wages earned af...
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Economists Predict GDP Growth, Employment Gains For Rest of 2014
May. 12, 2014:

Economists surveyed by USA Today predict the annual rate of gross domestic product growth will...
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U.S. Jobless Claims Decline
May. 9, 2014:

The number of Americans filing for unemployment benefits fell last week. Although the four-wee...
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U.S. Fed Chief Refuses to be Pinned Down on Rate Boost
May. 8, 2014:

U.S. Federal Reserve Chair Janet Yellen refused to offer any indication of when the Fed is lik...
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U.S. Economy Likely Contracted in Q1, Forecasters Say
May. 7, 2014:

Because the U.S. trade gap contracted less than anticipated in March, the economy likely shran...
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College is Still Worth it, Fed Study Finds
May. 6, 2014:

The Department of Justice is considering criminal charges against BNP Paribas and Credit Suiss...
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Fed Measures Still Show Dire Labor Situation
May. 5, 2014:

Despite the optimistic headline figures on U.S. unemployment, key indicators monitored by the ...
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U.S. Economy Added 288,000 Jobs in April
May. 2, 2014:

The Labor Department reported that 288,000 jobs were added to U.S. payrolls in April, which be...
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U.S. Economic Growth Neared Standstill in Q1
May. 1, 2014:

Growth came close to disappearing from the U.S. economy in the first quarter, based on prelimi...
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U.S. Consumer Sentiment Dips as Rise in Housing Values Slows
Apr. 30, 2014:

Faltering gains in housing values, a tougher job market and rising fuel prices contributed to ...
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Americans' Retirement Age Creeps Up
Apr. 29, 2014:

The average retirement age for Americans crept up to 62 this year, the highest since the Gallu...
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U.S. Housing Market Fades as Speculative Fervor Cools
Apr. 28, 2014:

Recent data for the key U.S. housing industry indicate the pickup in the market is flattening ...
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U.S. Jobless Claims Bump Up, But Trend Still Seen as Favorable
Apr. 25, 2014:

U.S. claims for jobless benefits rose by 24,000 last week, more than expected but at a time wh...
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  Contact

Jonyce Bullock
801-225-6900

jonyceb@squire.com