|
 Rethinking
College Savings Strategies
With
rapidly increasing college costs, the need for a carefully
developed college savings strategy has never been greater.
According to the College Board, the average annual cost
of a four-year public college exceeds $12,000 and that of
a four-year private college is approaching $30,000. In many
cases, advance planning and the use of tax-favored savings
vehicles can minimize the need for borrowing in order to
fund college costs. Full
Story |
Protecting the Tax Dollar
In
auditing and attestation, the phrase “expectation
gap” is often used to describe the difference between
what CPAs do and what the public thinks CPAs do, especially
regarding fraud. Members of the public generally believe
that a CPA’s job is to ensure that financial statements
are 100% accurate. Members
of the profession, however, generally see the CPA’s
job as providing reasonable assurance that financial statements
are accurate by adhering to professional standards.
Full
Story
|
 Does
Financial Literacy Contribute to Happiness?
he
AICPA’s 360 Degrees of Financial Literacy educational
program, begun in May 2004, partners with state CPA societies
to help people of all ages better manage their finances
(www.360financialliteracy.org). The importance of improving
financial literacy is underscored by the results of a recent
study funded by the AICPA (www.beaconecon.com/
Documents/
SavingsReport10_16.pdf). Full
Story |