Financial Reporting


The SEC proposes disclosure requirements pertaining to companies’ adoption of accounting policies that could materially affect their financial statements and to the estimates they make in applying such policies ( www.sec.gov/rules/proposed/33-8098.htm ). The commission recommends the companies explain in their annual reports and in registration and proxy information statements the events or transactions that led them to adopt the accounting policies. And if their accounting estimates require assumptions about then uncertain matters—because different projections are reasonably possible—companies also would have to explain in management’s discussion and analysis the judgments they made in formulating their estimates and any factors likely to change as a result. Comments are due July 19.

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CPEOs provide peace of mind around payroll services

The creation of these new IRS-certified service providers for small businesses clarifies some issues around traditional professional employer organizations.

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Pronoun practice to help polish your prose

Using pronouns correctly in writing and speech can help you make a good impression. Try our 10-question quiz.