Journal of Accountancy Large Logo
May 2009
Small Retirement Plans Face Funding Dilemma
EMPLOYEE BENEFITS / BUSINESS & INDUSTRY

Many traditional defined benefit pension plans that are underfunded due to market declines may face excise taxes ranging from 10% to 100% of the underfunded amounts, barring intervention by Congress. Pension experts present options to mitigate the crisis.

Economic Outlook Remains Uncertain
BUSINESS & INDUSTRY

Recessions—roughly two per decade—have been common since World War II. Most last less than two years, but their depth and breadth are notoriously difficult to predict. Read what CPA financial executives see in the current recession in terms of employment, compensation, health care and customer demand.

PRACTICE MANAGEMENT / PROFESSIONAL ISSUES

The revised AICPA Standards on Performing and Reporting on Peer Reviews took effect on Jan. 1. The AICPA Peer Review Board chairman explains some major changes in the new principles-based standards.

TECHNOLOGY WORKSHOP

Voice over Internet Protocol (VoIP) and other landline replacement services offer an array of communication benefits and options that can save you and your company money.

tax

With the nation in the grip of the subprime meltdown, mortgage credit has tightened and home foreclosures have soared. In response, Congress passed and then expanded a tax incentive many of your clients will be interested in.

fraud

In this economic climate—when thin margins abound and access to credit is scarce—becoming a victim of fraud could prove disastrous. A little awareness can go a long way in protecting hard-earned assets from would-be fraudsters. Brush up on the basics with this fraud IQ quiz.

employee benefits / business & industry

An employee benefits attorney explains in plain language nondiscrimination tests for employee retirement plans.

BUSINESS VALUATION / FINANCIAL REPORTING

Valuation analysts discuss the state of the economy and its effect on valuations for financial reporting.

business valuation / financial reporting

This is a sidebar to "Valuations for Financial Reporting in Today's Market," May 09.

BUSINESS VALUATION / FINANCIAL REPORTING

This is a sidebar to "Valuations for Financial Reporting in Today's Market," May 09.

Columns

News

Spotlight On

FASB's New Guidance on Fair Value

In April, FASB addressed concerns over the application of fair value accounting standards in current market conditions by releasing three Staff Positions. Click here to read analysis of the new guidance and reactions from CPAs. 

Also visit the JofA's mark-to-market resource page, a collection of the latest news, guidance and regulatory updates related to mark-to-market accounting.

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