The AICPA Auditing Standards Board (ASB) has extended the comment deadline on its quality management exposure draft to Aug. 31 from June 11. In February, the ASB issued the ED of three interrelated proposed standards that are designed to bring important changes to the way firms manage quality in their accounting and auditing practices. The […]
Archives for April 2021
How hiring practices have shifted as a result of the pandemic
A year after the start of the coronavirus pandemic, many companies are more comfortable with remote work — so much so that some are changing their hiring practices to recruit workers who live hundreds or thousands of miles away. Eliminating geographic boundaries in hiring can be a great way to find in-demand skilled workers, experts […]
Costs
Peter Boockvar on commodity prices… Here’s an update on commodity prices. The CRB raw industrials index closed yesterday at just under a 10 year high. The CRB food index closed at an 8 year high. CRB Raw Industrials Index CRB Food Price Index Josh here – Inflation protection is on everyone’s minds right now. It’s […]
SJP CEO sees £325,000 cut in earnings
St James’s Place CEO Andrew Croft saw his earnings fall from £1.017m in 2019 to £692,788 in 2020 as the pandemic hit the company. His base salary at the wealth manager dropped from £548,990 the previous year to £537,049 and no bonuses were paid during the year, according to the company’s annual report published this […]
Treasury yields climb ahead of producer prices data
U.S. Treasury yields climbed on Friday morning, ahead of the release of the March producer price index, which measures wholesale price inflation. The yield on the benchmark 10-year Treasury note rose to 1.666% at 3:30 a.m. ET. The yield on the 30-year Treasury bond advanced to 2.343%. Yields move inversely to prices. The U.S. Bureau […]
SFO launches probe into car leasing UCIS
The Serious Fraud Office has launched an investigation into suspected fraud involving a group of unauthorised collective investment schemes investing in car leasing companies. The SFO is investigating the activities of Raedex Consortium, including the companies Buy2Let Cars, PayGo Cars, Raedex trading as Wheels4Sure and Rent2Own Cars. One individual has been arrested and interviewed and […]
Which bank offers ★ Highest Interest on Savings Account in India ★
As of today most big banks like SBI, ICICI Bank, Union Bank of India, Punjab National Bank (PNB) offer less than 3% interest on savings account. Until October 2011, all banks had to offer minimum interest of 4%. However Reserve Bank of India deregulated the interest offered on Savings Account by banks in October 2011 with […]
AICPA recommendations on Q1 estimates and 2020 Form 709 extensions
The AICPA on Thursday released some suggestions for practitioners regarding issues that have arisen around the postponed May 17 tax due date for individuals. The postponement, announced by the IRS in March (see Notice 2021-21), applies to any individual who files a federal individual income tax return on Form 1040, 1040-SR, 1040-NR, 1040-PR, 1040-SS, or […]
Shuttered Venue Operators Grant program closes for repairs on its opening day
The ODA based its audit plan for SVOG on the risk levels shown in the table above, the OIG’s report said. The ODA plan mandates audits of all $10 million grants and also requires recipients of grants with multiple payments to submit documentation showing how they spent the funds prior to receiving the next installment. […]
Envestnet’s latest fintech acquisition brings new ways to serve younger and smaller clients
Most of Envestnet’s technology caters to advisors serving the already-wealthy, but the firm’s latest acquisition provides new capabilities for firms working with investors who haven’t yet accumulated significant assets. The Chicago-based fintech giant and turnkey asset management provider has purchased Harvest Savings & Wealth Technologies, which builds technology to automate “micro-saving” and “micro-investing” at banks, […]