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 Internal Revenue Service's CI division is getting back to its traditional priorities after it was sidetracked last year into immigration enforcement.
June 26 -
Plus, the PCAOB's chief auditor departs; and other firm and personnel news from across the profession.
June 26 -
The Federal Accounting Standards Advisory Board issued staff implementation guidance implementing its Management Discussion and Analysis standard from 2024.
June 26 -
Lulling tactics; up to 152 years in prison; big-ticket items; and other highlights of recent tax cases.
June 26 -
Plus, BlackLine announces AI governance console for CFOs; Sage X3 enhancements focus on manufacturers and distributors; and other accounting tech news.
June 26 -
The Top 25 Firm appointed Dee Burger as its first CEO. Founder and former managing partner Bill Carr will remain on as chairman of the board.
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