Rating service Standard & Poor’s says the financial performance of personal insurers—which offer auto, health and similar coverage—continued a downward trend in 2001. Under earlier, more favorable market conditions, these insurers had amassed huge financial reserves and cut prices aggressively. However, since 1998, S&P says, managed care and other cost-reduction measures have lost their effectiveness, eating up personal insurers’ savings and making it harder for them to compete by reducing premiums. ( )


6 key areas of change for accountants and auditors

New accounting standards on revenue recognition, leases, and credit losses present implementation challenges. This independently-written report identifies the hurdles that accounting professionals face and provides tips for overcoming the challenges.


How tax reform will impact individual taxpayers

Amy Wang, a CPA who is a senior technical manager for tax advocacy at the AICPA, answers to some of the most common questions on how the new tax reform law will impact individual taxpayers.