Familiarity threats to independence may increase on an attest engagement when senior personnel have served for a long period on the engagement team. New Frequently Asked Questions issued by the AICPA Professional Ethics Division address these threats -- and discuss ways they can be eliminated or reduced.
Health care is a significant expense in retirement, with Fidelity Investments projecting that a couple who retired in 2017 can expect to pay $275,000 for care. However, nine steps can help people reduce their spending in this area.
The US Supreme Court held that to obtain a conviction for obstructing or impeding the administration of the Internal Revenue Code, the government was required to prove that the defendant knew of a pending tax-related proceeding or could reasonably foresee the commencement of such a proceeding.
Gender-neutral baby names are coming into focus in recent years, according to a Nameberry analysis of Social Security Administration data. Charlie, Finley, Skyler, Justice and Royal are leading baby names that are relatively split between boys and girls.
The quality of a customer's "sales journey" and relationship involves not only sales and marketing, but internal audit as well, write PwC's Hanh Pham and Bernadette D'Alessandro. Internal controls are crucial to ensuring that sales, marketing and customer service practices are appropriate to protect customers and meet their needs and expectations, Pham and D'Alessandro write.
Grant Thornton and The IIA's Internal Audit Foundation have published a book titled "Data Analytics: A Road Map for Expanding Analytics Capabilities," which looks at how internal auditors can use data analytics in their work regarding enterprise risk and related controls. "This book discusses not only the changing data and data analytic needs of organizations, but also how to define, score, and prioritize analytics projects and determine critical data for enterprise risk assessment," said IIA President and CEO Richard Chambers.