AICPA members have been on the financial front lines of the coronavirus pandemic assisting clients. The latest PFP Trends Survey supports what CPAs have learned: Speaking with clients early and often reduces their anxiety and keeps them focused on long-term goals.
Guidance issued by the AICPA Auditing Standards Board provides practitioners with guidance on one of their most difficult tasks: auditing accounting estimates and related disclosures.
Many companies put hiring on hold when the coronavirus pandemic hit, and this was a painful setback for job candidates who had already been through multiple rounds of interviews. The economic environment is still uncertain, but following certain tips can revive stalled opportunities.
China says it will intensify a fight against financial-market abuse and will adopt a zero tolerance approach for accounting and securities fraud. Regulators have outlined intentions to increase penalties and to reform the delisting mechanism.
Registered investment advisers that meet certain criteria -- such as holding ETF portfolios worth more than $100 million -- may have a reporting requirement as institutional investors under an amendment to the Securities Exchange Act of 1934. Advisers who have outstanding filings should make a point of catching up as soon as possible.
Today's highly favorable federal gift and estate tax exemptions might change in the future as the political climate shifts. This webinar excerpt explores how advisers can ensure their clients are taking appropriate action. Learn more about estate planning strategies by listening to this webcast recording (open to PFP Section members) featuring Martin Shenkman, CPA/PFS, and other experts.
State insurance regulators are mulling the possibility of setting up a dedicated panel to look at the options given to long-term-care insurance policyholders who cannot keep up with premium increases. The subgroup of the National Association of Insurance Commissioners would seek to draft recommendations by mid-August of next year.
Many retirees start collecting Social Security before their full retirement age, but waiting to claim benefits is generally the right approach when possible, according to Ted Sarenski, CPA/PFS, who has written a guide on the topic (open to PFP Section members). He also addresses other issues, such as the financial future of Social Security and Medicare. Hear more from Sarenski on how to advise clients on Social Security during the pandemic in this PFP Section podcast.
- Page 1