Financial Planning

The Center for Audit Quality has released a new Guide to Internal Control Over Financial Reporting to explain to investors and the general public the process used by U.S. public companies to enhance the reliability of their financial statements by reducing the risk of material errors or misstatements.

In the world of trust and estate administration, where tax planning typically involves special attention to federal tax law compliance, it’s easy to lose focus on state income taxation issues. And while some states do not tax income related to trusts, states that do tax trust income have a variety of rules and criteria for which trusts are subject to tax.

The Tax Court recently settled the valuation issues of an estate that held 64 works of art.

Confidence in the ability to afford a comfortable retirement remains low, according to a new survey, reflecting a growing awareness of the challenges in saving enough money.

Europe’s drive to rescue Cyprus risks undermining a region-wide deposit guarantee plan, a key tenet in the battle to contain the debt crisis, and casts doubt on the ability of the weakest lenders to retain deposits.

The Securities and Exchange Commission is asking for public comments on a proposal from Nasdaq to require Nasdaq-listed companies to establish an internal audit function no later than Dec. 31.

Raymond James Financial Services has introduced a new compensation model for independent registered investment advisors.

JPMorgan Chase & Co. needs to win back public trust after losses on a derivative portfolio swelled to more than $6.2 billion and eroded confidence in the largest U.S. bank, a company risk manager told lawmakers.

More than four out of 10 working Americans will have had an accountant prepare their taxes this year, primarily because they believe that that's the way to get the largest refund. More than half won't do their own taxes, instead going to an accountant, friend or family member.

Accounting and consulting firm Fuoco Group said Thursday that it is introducing a new Fuoco Commercial Funding business to help private and institutional investors access financing for real estate deals.