The Social Security Administration needs to sharpen the understandability factor of the benefit statements delivered to some 140 million workers, according to a survey conducted by the Government Accountability Office. The comptroller general conducted a review to examine how well recipients of SSA statements understand their content, and how the SSA is evaluating the understandability of the benefits statements. Many participating in the survey recalled receiving a statement, but had little recollection of its components, which they judged less well presented than some comparison statements that they reviewed. The GAO recommended that the SSA develop a plan for regular evaluation of the benefit statements, and that it should use the resulting information to determine whether changes need to made in format or content.
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The National Association of State Boards of Accountancy and the American Institute of CPAs today released an exposure draft proposing changes to Continuing Professional Education standards.
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More than 1,000 (69%) of the 1,458 exchange-listed EGCs are audited by larger firms, the PCAOB found.
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The music superstar and Kansas City Chiefs football player together would have a vast fortune and are likely to need expert tax and financial planning advice.
September 17 -
More than half of tax practitioners use AI for research, but don't count out the classic search engine, which remains an essential tool for many.
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Plus, top tools for your home office, the return of the in-person interview and other developments in technology this past month and how they'll impact your clients and your firm.
September 17 -
Top 10 Firm BDO USA announced its largest expansion ever — combining with the Southeastern powerhouse and Top 100 Firm Horne.
September 17