Credit Security Benefits All


BUSINESS TRENDS

Increase workers’ productivity by protecting their credit? That’s exactly what employers hope to do when they add identity theft protection to their list of offered benefits.

ID theft victims spend, on average, 40 hours repairing their credit history and personal funds, most of which must be done during business hours.

The average fraud total per victim was $6,383 in 2006, up from $5,249 in 2003. But by catching identity theft early with credit monitoring, as opposed to discovering it after a credit application is denied, the average fraud total and resolution cost fall dramatically, from $19,735 and $1,391, respectively, to $4,375 and $264.

Benefit programs include credit monitoring, as well as legal assistance and psychological counseling, all of which provide employees with a safety net, and more importantly, peace of mind.

Source: Employee Benefit News, www.benefitnews.com .

SPONSORED REPORT

Revenue recognition: A complex effort

Implementing the new standard requires careful judgment. Learn how to make significant accounting judgments and document them and collaborate with peers for consistent application.

TECHNOLOGY Q&A

How to create maps in Excel 2016

Microsoft Excel 2016 has two new mapping capabilities. J. Carlton Collins, CPA, demonstrates how to make masterful 2D and 3D maps in Excel 2016.

QUIZ

News quiz: Economy and health care changes top CPAs’ list

CPA decision-makers’ economic outlook and the House Republicans’ proposed tax changes as part of replacing the Patient Protection and Affordable Care Act received attention recently. See how much you know with this short quiz.