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

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.

PODCAST

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.