Consumer Bankruptcy Soars


According to the American Bankruptcy Institute, consumer bankruptcy filings increased almost 40% in 2007.


Data from the National Bankruptcy Research Center showed 801,840 filings between Jan. 1 and Dec. 31, up from 573,203 filings recorded during the same period in 2006. ABI Executive Director Samuel J. Gerdano attributed the spike in filings to the mortgage crisis.

Source: American Bankruptcy Institute, www.abiworld.org .

PODCAST

What’s next for potential CPA licensure changes

A new model proposed by NASBA and the AICPA is designed with an eye on the future for newly licensed CPAs. The AICPA's Carl Mayes, CPA, provides background on the project and a look ahead to 2020.

VIDEO

What RPA is and how it works

Robotic process automation is like an Excel macro that can work on multiple applications, says Danielle Supkis Cheek, CPA. RPA can complete routine, repetitive tasks such as data entry, freeing up employee time from lower-level chores.