Accounting
Top stories summarized by our editors
12/10/2018

Potential focus areas for 2019 inspections of audits of issuers and brokers and dealers will include systems of quality control, independence issues and recurring deficiencies, according to a Public Company Accounting Oversight Board staff document issued Thursday.

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PCAOB
12/10/2018

The new reporting model for public company audits requires practitioners to disclose "critical audit matters" that arise during their work. A new Center for Audit Quality report examines the results of "dry runs" that are designed to help firms develop methodologies for determining and reporting critical audit matters.

12/10/2018

Health savings accounts allow for significant tax benefits, although many people use them more like checking accounts than investment vehicles. Here are answers to common questions about the accounts and factors to consider when choosing among them.

12/10/2018

The Internal Revenue Service issued initial guidance Friday on the application of Sec. 83(i), which was added by the law known as the Tax Cuts and Jobs Act. Sec. 83(i) allows certain employees to defer recognition of income attributable to the receipt or vesting of qualified stock.

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Internal Revenue Service
12/10/2018

When asked if you have any questions at the end of a job interview, it is important to respond with good questions that can help you learn more about the position and demonstrate why you would make a good fit.

12/10/2018

How can the internet, ATMs and even postage stamps help CPAs better comprehend blockchain? Find out in this podcast.

12/10/2018

Liang is the chairman of Huawei.

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CNBC
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Huawei Technologies
12/10/2018

Helping widows navigate the emotional difficulties and financial tasks that come after losing a spouse can be an important service for advisers to provide. Widows often progress through three stages as they deal with grief and look toward the future. Help your clients by using the Loss of Spouse Life Event Center in Broadridge Advisor, included with PFP/PFS Section membership.

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Advisor News
12/10/2018

As the end of the year approaches, clients can take several steps to lower their tax bills and plan for the future. Donating appreciated stock to charity may help clients claim a deduction and rebalance their portfolios, said Lisa Featherngill, CPA/PFS. Harvesting portfolio losses can also be a useful step, and Michael Landsberg, CPA/PFS, noted that "international stocks and fixed income have had negative returns for the most part." Check out this podcast, courtesy of the AICPA PFP Section, for more essential year-end planning ideas.

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CNBC
12/10/2018

Migrating your firm's technological infrastructure to the cloud requires careful preparation to ensure a smooth transition. Key steps include examining the system you currently have in place and choosing the right provider. Thinking of making more changes to your firm's technology? Access this toolkit for resources to help you make decisions and implement changes (open to PFP/PFS Section members).

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Accounting Today