Accounting
Top stories summarized by our editors
5/26/2017

Minutes of the latest Federal Reserve meeting describe how the central bank plans to unwind the $4.5 trillion bond portfolio it has built since the financial crisis. The process is expected to be slow, with bonds moving off the balance sheet at maturity to keep government-debt yields from spiking.

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CNBC
5/26/2017

Hundreds of CPAs visited with lawmakers and congressional staff this week to advocate on four key issues for the profession. Here are tips on how to schedule a similar visit or get your voice heard from back home.

5/26/2017

It's almost inevitable for CPAs. At some point, their friends or family members will ask them for financial advice, tax tips or free services. Here's how to be helpful without running afoul of ethics considerations or getting the cold shoulder from friends and family.

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The Edge
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free services
5/26/2017

Twenty-two percent of 15-year-olds in the US were unable to reach baseline levels of financial literacy in a recent study. However, those who had bank accounts tended to score significantly higher on the assessment.

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CNBC
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bank accounts
5/26/2017

Calculating excise taxes is a complex and time-consuming process. Here's what businesses and advisers need to know about how to deal with possible changes to these taxes that could make compliance more difficult.

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Tax Insider
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excise tax
5/26/2017

Enterprise risk management can offer benefits for large and small organizations, but less than half of companies have implemented even a partial ERM process, an AICPA survey found. Here are six tips for establishing an ERM process, which can provide a top-down view of key risks.

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AICPA, risk management
5/26/2017

If you thought virtual reality and voice recognition were just for gaming and music, think again. CPAs need to keep current with the direction of the profession to provide superior service to their clients. That includes keeping up to speed on these four technology trends.

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AICPA Insights
5/26/2017

Eleven judges from the US Court of Appeals for the District of Columbia Circuit are considering the constitutionality of the Consumer Financial Protection Bureau's structure in the wake of a $109 million fine the agency levied against a New Jersey-based mortgage lender.

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The Hill, Reuters
5/25/2017

"Regardless of the size of your audit department, there are valuable lessons that can be learned by examining some of the tried-and-tested strategies routinely employed by outstanding smaller functions," writes IIA President and CEO Richard Chambers. "I believe any internal audit function can make a significant impact if it follows six strategies."

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Richard Chambers
5/25/2017

Confirmation bias means leaders need to actively search for information that challenges their beliefs, writes Shane Parrish. This isn't easy, as we tend to reject evidence that contradicts what we believe.

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Farnam Street
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Shane Parrish