Audit & Accounting

It's a valuable time for businesses to reflect on the challenges of the last couple years and prepare for how the pandemic will continue to impact their businesses in the year ahead.

The unemployment rate fell from 4.2% to 3.9% in December as employers added 199,000 jobs, including 3,400 in accounting and bookkeeping services, the U.S. Bureau of Labor Statistics reported Friday.

FICPA held its second annual Virtual Advocacy Day on Thursday, with members meeting online with lawmakers.

The institute is allowing candidates for its Certified Management Accountant and Certified in Strategy and Competitive Analysis exams to take them remotely.

Complex taxes, IRS backlog, and more taxpayers seeking professional help will lead to a tough season.

The Governmental Accounting Standards Board is adding a major project on going concern uncertainties and severe financial stress to its technical plan for the first third of this year.

The board is surveying stakeholders about easing the audit requirements for less complex companies, while beefing them up for more complicated structures.

Private sector employers added 807,000 jobs in December, according to payroll giant ADP, as the job market continued to recover despite the ongoing COVID-19 pandemic.

The right software, plenty of preparation, and starting early are all key

Employees at small businesses saw their average hourly earnings hit a record high in December, while employment levels kept rising.