Proposed guidance on CPAs’ responsibilities related to noncompliance with laws and regulations (NOCLAR) is provided in complementary exposure drafts issued Thursday by the AICPA Professional Ethics Executive Committee (PEEC) and the AICPA Auditing Standards Board (ASB). PEEC’s ED, Proposed Interpretations and Definition, Responding to Noncompliance With Laws and Regulations, is a reproposal of an ED […]
Archives for February 2021
Quick tips for financial planning in 2021
Financial planning in 2021 – The year 2020 was one of such nightmares which many of us would definitely like to forget at all costs. Nevertheless, this year also taught us a lot about many aspects of life which we almost pay no attention to. In all, with the announcement of the vaccination drive for […]
Kitces & Carl Ep 54: Showing Financial Planning Value On An Ongoing Basis After The First 6 Months
Executive Summary An often underappreciated aspect of the financial planning process (and the resulting Plan that financial planning software packages produce) is that it wasn’t originally developed as part of fostering an ongoing client/advisor relationship. Rather, it was a tool that advisors would use to identify “gaps” or “needs” in someone’s overall financial picture… in […]
Second private equity house takes stake in Fairstone
Global private equity house TA Associates has taken a significant stake in acquisitive Chartered Financial Planning firm Fairstone. TA Associates, which has raised $33.5bn in capital since its inception, invests in companies around the world that it believes demonstrate opportunities for strong sustainable growth. It has backed 25 wealth and asset management firms worldwide. Fairstone […]
How the Ad Council plans to get Americans comfortable with vaccines
As it starts to roll out a massive Covid-19 vaccine education campaign, the Ad Council wants Americans to know that it’s OK to have questions about the vaccines. And it wants to point to vetted, accurate answers to those questions. The Ad Council is a nonprofit organization that makes and distributes public service announcements, including […]
Boosting Sales During COVID-19 for Businesses
We started 2021 with optimism and hope that this year is going to be better than the last. This includes boosting sales during COVID-19. The pandemic has disrupted the way we interact, shop, work, and transact. Businesses of all sizes have been plunged into darkness, with some even having to shut completely. Meanwhile, others managed […]
SEC places new focus on climate-related disclosures
Acting SEC Chair Allison Herren Lee directed the commission’s Division of Corporation Finance on Wednesday to enhance its focus on climate-related disclosure in public company filings. The division’s staff will review the extent to which public companies addressed the topics identified in 2010 SEC guidance regarding disclosure of climate change matters. The staff also will: […]
Head of German accounting watchdog to step down in wake of Wirecard – Yahoo Finance
Bloomberg Lucid SPAC Gives Up Some of Giant Gain After Pact Confirmed (Bloomberg) — Shares of the blank-check firm combining with electric-vehicle startup Lucid Motors Inc. plunged in U.S. trading after confirming the biggest SPAC merger yet to cash in on investor enthusiasm for battery-powered cars.Churchill Capital Corp IV, the special-purpose acquisition company run by […]
The 15 best robo advisors
Robo advisors rebounded from a tough first quarter to finish 2020 with strong investment performances. The average automatically managed portfolio returned 14.90% on equity holdings and 6.3% on fixed income, according to Backend Benchmarking, a research firm that analyzes the performance of the industry’s leading digital advisors. Over the five years that Backend Benchmarking has […]
AICPA seeks certainty on filing deadline and relief for 2020 tax year
News Practice & Procedures By Alistair M. Nevius, J.D. In a recent letter to Treasury and the IRS, the AICPA called for greater certainty for taxpayers and tax practitioners and for underpayment and late-payment penalty relief, both of which will provide greater assistance to those affected by the COVID-19 pandemic. In the letter, sent on […]