Accounting
Top editor picks, summarized for you
7/25/2016

The vast majority, or 80%, of Americans feel guilty about throwing away food, but 51% said it would be difficult to cut down on food waste and 42% said they didn't have time to deal with it. The study in PLOS ONE, which said there is 130 billion pounds of food waste in the US annually, found that fewer than 60% of respondents knew food waste is harmful for the environment.

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Bloomberg
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food waste
7/25/2016

Having the right people to perform tasks and procedures and work with clients is an important element in delivering outstanding audit quality. Here's how one CPA firm's career development framework plays a prominent part in its commitment to delivering high-quality audits.

7/25/2016

The above-the-line deduction that teachers can claim for classroom expenditures was recently made permanent, adjusted for inflation and expanded. Here's a look at the new rules and how to take advantage of them.

7/25/2016

Following Chief Accountant James Schnurr's serious bicycle crash, the Securities and Exchange Commission has named Wesley Bricker interim chief accountant. Bricker will handle the chief accountant duties during Schnurr's recovery.

7/25/2016

Some large accounting firms and other companies are providing coaching services to new parents to help them use parental leave. Companies are hoping these services will help them recruit and retain top talent and boost diversity.

7/25/2016

Up to $1.6 trillion in future mergers and acquisitions could be lost if the UK's exit from the EU is difficult, according to Baker & McKenzie's Global Transactions Forecast.

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Bloomberg
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EU, Baker, Brexit
7/25/2016

Companies began hoarding cash in the second quarter at a much faster pace than in the previous one and are expected to accumulate cash even faster in this quarter, according to an Association for Financial Professionals survey. Companies haven't been this conservative with cash management since five years ago, the survey found.

7/25/2016

The nation's growing number of seniors means the population of nursing homes and assisted living facilities is poised to increase. This article lists seven warning signs -- including unexplained bruises, falls and malnutrition -- that may indicate elder abuse. For more on this topic, PFP/PFS members can watch this webcast, which covers practical planning related to aging and elder issues.

7/25/2016

The creator of MoneyGuidePro has developed a program, Best Interest Scout, that helps advisers verify they are complying with the Labor Department's fiduciary rule. The fiduciary rule is likely to prompt firms to adopt new technology and to encourage vendors to come up with new services, according to one report.

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InvestmentNews
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Labor Department
7/25/2016

Social Security beneficiaries can expect a meager or nonexistent cost-of-living adjustment next year. The adjustment, which is based on the consumer price index, will likely rise from 0% to 0.7%, according to the Board of Trustees of the Social Security Trust Funds.

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CNBC