Financial Literacy

American companies can no longer afford to offer their employees adequate pensions, nearly three of four respondents (74%) said in an AICPA survey of CPAs serving as senior corporate executives ( ). “This is a wake-up call,” said AICPA business and industry vice-president John Morrow. “Employees will have to find other ways to finance their retirement.” Fifty-nine percent of survey participants agreed, saying Americans will have to educate themselves about retirement savings strategies. To that end, the Web site of the AICPA’s 360 Degrees of Financial Literacy campaign ( ) offers hundreds of free tools and resources to help consumers better understand and manage their personal finances. Volunteer opportunities are available for qualified CPAs; go to for information on how you can help members of your community reach their lifetime financial goals.


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.