5 ways to counteract job burnout | Independence interpretation on hosting services gets new effective date | The evolving nature of the audit
August 15, 2018
Powered By SmartBrief
CPA Letter Daily
SIGN UP ⋅   FORWARD
Top Story
5 ways to counteract job burnout
Twenty-three percent of employees experience burnout at work very often or always, according to a Gallup study, and separate research indicates burnout adds billions of dollars yearly to health care spending. Here are five suggestions for avoiding burnout.
CNBC (8/14) 
LinkedIn Twitter Facebook Google+ Email
A&A Report
Independence interpretation on hosting services gets new effective date
The new "Hosting Services" interpretation in the AICPA Code of Professional Conduct's "Independence Rule" will take effect July 1, 2019, rather than Sept. 1, 2018. Under the interpretation, a CPA's independence is impaired when the CPA takes responsibility for hosting an attest client's data or records.
Journal of Accountancy online (8/14) 
LinkedIn Twitter Facebook Google+ Email
The evolving nature of the audit
In this podcast, the AICPA's Chuck Landes discusses the evolution of auditing since the 1990s and gives his assessment of how it might change. Technology is a key driver of change, he says.
Accounting Today (8/13) 
LinkedIn Twitter Facebook Google+ Email
Financial Focus
Cost-cutting suggestions for retirees
Managing spending in retirement can be challenging, because retirees might grapple with costs related to housing and medical care. Here are 10 suggestions to trim a retiree's budget.
U.S. News & World Report (8/14) 
LinkedIn Twitter Facebook Google+ Email
Tips for avoiding bankruptcy in retirement
A study based on data from the Consumer Bankruptcy Project finds the number of bankruptcies among Americans ages 65 to 74 is on the rise, partly because of increased health care costs, support of adult children and reduced availability of pension funds. Advisers weigh in on how retirees can avoid bankruptcy.
U.S. News & World Report (8/13) 
LinkedIn Twitter Facebook Google+ Email
Tax Spotlight
Interest recharacterization rules for "self-charged interest"
Find out how interest recharacterization rules for self-charged interest present an opportunity to lower the 3.8% net investment income tax.
The Tax Adviser (8/2018) 
LinkedIn Twitter Facebook Google+ Email
Career Development
Questions to help find a job that suits you
It takes a thoughtful approach to decide whether a person is a good fit for an open position. Here are things for candidates and employers to consider.
Financial Management (8/8) 
LinkedIn Twitter Facebook Google+ Email
Leadership
How a strong team boosts self-awareness
Many leaders lack self-awareness, but having a strong team can help them to correct this weakness. Set the stage for candid feedback by assuming positive intent, avoiding gossip and showing concern for the success of others.
Harvard Business Review online (tiered subscription model) (8/13) 
LinkedIn Twitter Facebook Google+ Email
Market Update
CBO projects slower growth in 2019
The US economy should continue to grow quickly in 2018 before slowing down next year, according to the Congressional Budget Office. Real GDP should total 3.1% this year before cooling to 2.4% in 2019, the CBO said.
Reuters (8/13) 
LinkedIn Twitter Facebook Google+ Email
Trade tensions send Chinese M&A market into downturn
Mergers and acquisitions are faltering as gross margins of Chinese companies are undercut by the US-Chinese trade conflict, industry participants say. Inbound investment financing for M&A fell 20% in the first half of 2018 compared with the second half of 2017, according to Dealogic.
South China Morning Post (Hong Kong) (8/15) 
LinkedIn Twitter Facebook Google+ Email
AICPA News
Flexibility: Now for auditors -- not just yogis
A new proposed standard would make numerous changes to attestation standards, including changing the terminology for what have been known as "review engagements." Comment by Oct. 11.
LinkedIn Twitter Facebook Google+ Email
New tax laws affect elder and retirement planning
Planning for your retiring and late-in-life clients has changed in the face of tax reform. Download complimentary excerpts from Practical Retirement Planning and Social Security Planning, two of the guides in our four-part series The Adviser's Guide to Retirement and Elder Planning. Like what you see? Become a PFP Section member to access all the guides for free.
LinkedIn Twitter Facebook Google+ Email
Learn more about AICPA:
Join AICPA | Member Services | Advocacy | Press | Contact Us
  
  
Ordinary life does not interest me. I seek only the high moments.
Anais Nin,
writer
LinkedIn Twitter Facebook Google+ Email
  
  
 
Keep up to date with our e-briefs.
 
 
CPA Letter DailyInclusion Solutions
   
Financial Planning Digest  
 
About the AICPA
The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with more than 418,000 members in 143 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, not-for-profit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination and offers credentials for a number of specialized areas. With The Chartered Institute of Management Accountants (CIMA), it offers the Chartered Global Management Accountant (CGMA) designation, which sets the global benchmark for quality and recognition in management accounting.
AICPA Resources
 
Contact AICPA
AICPA Service Center
220 Leigh Farm Road
Durham, NC 27707-8110
Phone: 888.777.7077
Fax: 800.362.5066
service@aicpa.org
www.aicpa.org
Sign Up
SmartBrief offers 200+ newsletters
Advertise
Learn more about the SmartBrief audience
Subscriber Tools:
Contact Us:
Editor  -  Derby Cox
Contributing Editor  -  Erika Morphy
Mailing Address:
SmartBrief, Inc.®, 555 11th ST NW, Suite 600, Washington, DC 20004
© 1999-2018 SmartBrief, Inc.®
Privacy Policy (updated May 25, 2018) |  Legal Information