Audit quality is improved when firm leaders personally model the exemplary behaviors they say they value, according to a study backed by the AICPA Assurance Research Advisory Group.
The Public Company Accounting Oversight Board will concentrate on audit quality controls this year. The board is likely to focus on issues such as auditor independence and the effect of new auditing and accounting standards.
Just in time for the beginning of tax season, this article reviews tax preparers' responsibility to have a written data security plan to protect client information from never-ending attacks by criminals. Find out what resources are available to comply.
Based on feedback from the profession -- after conducting additional research and considering multiple possibilities for evolving licensure -- leadership from the AICPA and the National Association of State Boards of Accountancy is proposing a CPA licensure model that is thought to best position the profession for the future.
Research suggests having a presence on social media is an important way to network for a job. However, hiring managers should be aware survivors of domestic violence and abusive relationships might be wary of sharing information online.
When evaluating employees' performance, it makes sense to consider improvement over time and to compare their work to that of others with similar positions. Feedback is often most useful when it focuses on comparing a person to that person's past self.
Upcoming changes to the way FICO scores are calculated mean that Americans with rising debt levels could see their credit ratings fall. The new methodology -- dubbed FICO Score 10T -- factors in a consumer's debt levels during the previous two years or more.
Trustees of nonexempt trusts should plan ahead to manage generation-skipping transfer taxes. Making nontaxable distributions is one possibility, although taxable distributions may be preferable in certain cases. Nondistributive strategies -- such as making loans to skip beneficiaries -- are also worth considering.
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