News

The Federal Reserve has changed its position on monetary policy, shifting from keeping interest rates low for a “considerable time” to being “patient” on when to raise rates. One interpretation is that rates will not climb until at least April.

In a new concept of practice monitoring that the AICPA envisions for the future, peer reviewers and firms will use a new technology platform to enable more thorough analysis and provide more timely feedback for accounting, auditing and attestation engagements. […]

The Federal Reserve’s free-money policy could end this week. The central bank is meeting Tuesday and Wednesday and is expected to end its two-year pledge to keep interest rates close to zero for a “considerable time” now that its asset-purchase […]

Debate is set to begin in the Senate on a $1.1 trillion spending bill to head off a U.S. government shutdown. The House passed the measure in a 219-206 vote Thursday night. Its version would fund most of the government […]

Companies should continue their work to implement the new revenue recognition standard despite the potential that the Financial Accounting Standards Board may defer its effective date, experts said Wednesday at the AICPA Conference on Current SEC and PCAOB Developments.

Republican and Democratic leaders in Congress have reached agreement on a $1.01 trillion spending bill that would end the threat of a U.S. government shutdown. A stopgap measure to continue funding for a brief period will be introduced to give […]

A large number of companies will miss their corporate earnings targets if Congress doesn’t retroactively reinstate more than 50 expired tax breaks. CFOs are baking in the assumption that the tax breaks will be extended when they make their forecasts […]

As the demands on CFOs grow, it’s helpful to think about how finance chiefs should approach their strategic role. Deloitte sees four roles for CFOs engaging in company strategy.

The U.S. Labor Department reported that 321,000 jobs were created in November, beating the 230,000 jobs that economists predicted. The unemployment rate stayed at 5.8%.