News

Fifty-one percent of Americans are putting off major life changes such as retirement and home ownership due to financial reasons, an AICPA survey found. That’s up from 31% in 2007.

Gross domestic product shrank an annualized 0.2% in the first quarter, according to the Commerce Department, an upgrade from a 0.7% decline reported earlier. Poor weather, traffic disruption at West Coast ports, spending cuts in the energy sector and a […]

The Public Company Accounting Oversight Board plans to propose identifying the engagement partner in a new form that auditors could file with the PCAOB, the board’s chairman, James Doty, said.

Nearly 30% of Americans report they do not have savings for an emergency, marking the highest level in five years, according to Bankrate.com. A lack of growth in income is likely the reason.

The U.S. consumer price index rose 0.4% in May, its biggest gain in more than two years, according to the Labor Department. Oil prices stopped falling in that period, and motorists started paying more for gasoline. The core index, which […]

Federal Reserve officials said they expect slower growth in the economy than previously anticipated but indicated they still plan to raise interest rates in coming months. Policymakers predicted the U.S. will have its lowest annual growth since 2011. The central […]

Health care spending and an aging population are expected to increase U.S. government debt to 107% of economic output by 2040, according to the Congressional Budget Office. This year, government debt is equal to 74% of gross domestic product.

Small public companies are lagging their larger counterparts in adopting the updated guidelines issued by the Committee of Sponsoring Organizations of the Treadway Commission two years ago, according to data compiled by Audit Analytics. Only two-fifths of companies with less […]

Seventy-eight percent of CFOs don’t like the idea of extending counteroffers to employees who have job offers elsewhere. Retention strategies should be more proactive than reactive, CFOs say, starting with competitive pay and benefits and including a transparent culture.