Data Point

$2.4 Trillion
Total assets of 401(k) plans at the end of 2005.
The average account balance increased 50%
from 1999 to $102,014. Sixty-eight percent of
assets were invested in equities.

Sources: Investment Company Institute/
Employee Benefit Research Institute.


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.