Economic Woes


ON THE RECORD

“The United States has some real economic problems that have been hidden under the tremendously easy credit caused by foreigners reinvesting their balance of payments earnings in American securities. Eventually this inflow will have to end as foreigners begin to use these funds to improve their own peoples’ standard of living. At that time, the excessive borrowing, low savings rate, and house price inflation will have to be readjusted, a development that may hurt many who have lived on cheap credit and inflated housing values.”

—Dr. Paul Nadler, Rutgers University, remarks at the AICPA Personal Financial Planning Conference, San Diego, January 2006.

SPONSORED REPORT

Why cybercriminals are targeting CPAs

This free report expands on the most commonly found scams, why education and specialized IT knowledge help to lessen security vulnerabilities, and why every firm should plan carefully for how it would respond to a breach.

PODCAST

How tax reform — and Excel — are changing the CPA Exam

Mike Decker, the vice president of examinations at the AICPA, discusses changes being made to the exam as a result of tax reform — and about how Excel will now be available for use on the test.