US economy added 156,000 jobs last month

October 7th, 2016  // News

The US economy added 156,000 jobs in September, a decline from 167,000 in August, according to the Labor Department. The unemployment rate edged up to 5% as the labor participation rate also increased. Read more

Americans’ biggest retirement fear: Running out of money

October 6th, 2016  // News

CPA financial planners report that their clients' greatest fear about retirement is running out of money, an AICPA survey finds. Clients who have been retired for 10 years or more are most concerned about illnesses, including dementia and diminished capacity. Just 18% of financial planners say their clients are proactively planning for diminished capacity in retirement. Read more

Top considerations for 2016 audit cycle

October 5th, 2016  // News

Areas of high attention for auditors during the 2016 audit cycle will include a new standard on naming the engagement partner as well as internal control over financial reporting. Key considerations for auditors in general and auditors of brokers and dealers are discussed in two new publications by the Center for Audit Quality. Read more

Turning a classic networking tactic into a job lead

October 4th, 2016  // News

Young professionals looking for career development opportunities are reviving the informational interview, a classic networking tactic that fell out of favor with the rise of digital research tools. Read more

4 strategies for curtailing insider fraud

October 3rd, 2016  // News

Insider fraud can inflict great harm on companies and other organizations. A panel of experts offers advice on how to lower your risk of becoming a fraud victim. Read more

Millennials are the most confident investors, survey shows

September 30th, 2016  // News

Millennial investors have more faith than members of other generations in US and overseas markets, US public companies and audited financial information, a new survey shows. Confidence among investors in general is up over 2015. Read more

How to get — and keep — the best administrative staff

September 29th, 2016  // News

Effective administrative professionals are vital to smooth functioning at public accounting firms of all sizes. So how do you find the best ones? Start by polishing the job description and doing your due diligence. Read more

New lease accounting standard proposed for federal entities

September 28th, 2016  // News

A proposal issued Monday by the Federal Accounting Standards Advisory Board would require federal lessees to recognize a lease liability and a leased asset at the beginning of a lease, unless it is an intragovernmental or short-term lease. Read more

What it takes to be in the top 1% of earners

September 27th, 2016  // News

On a national level, a family needs a minimum of $389,436 in earnings to be in the top 1%, but this number varies significantly from place to place. It takes an income of $2.2 million to be in the top 1% of earners in Teton County, Wyo., but an income of $97,000 is enough to be in the top 1% in Holmes County, Miss. Read more

How to manage the costs of a college education

September 26th, 2016  // News

This formula for paying for your child's college education involves saving a quarter of the money while your child grows up and paying for the rest out of current income and by borrowing money. Read more

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