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Accounting
Top stories summarized by our editors
7/13/2020

An analysis of 530 Spotify shower-focused playlists by British bathroom supplier ShowerstoYou found that Miley Cyrus' "Party in the U.S.A." is featured the most often, followed by "Blinding Lights" by The Weeknd and "Bleeding Love" by Leona Lewis. A subsequent survey of listeners found that most prefer to sing pop songs in the shower.

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Mental Floss
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Spotify
7/13/2020

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.

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AICPA Insights
7/13/2020

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.

7/13/2020

Find out how much you know about this useful tax-deferral tool.

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Tax Insider
7/13/2020

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.

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Fast Company online
7/13/2020

Entering data in Excel can be tedious. Fortunately, Excel has a data-entry form that's not well known to many users but can improve efficiency.

7/13/2020

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.

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Reuters
7/13/2020

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.

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Nerd's Eye View
7/13/2020

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.

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WealthManagement
7/13/2020

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.