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Crypto-Asset Reporting Framework: Answers to fundamental questions
Understand the OECD’s final Crypto-Asset Reporting Framework (CARF) with these answers to fundamental questions.
Proposed improvements to leases guidance on related party arrangements
Proposed improvements to leases guidance on related party arrangements
The Financial Accounting Standards Board (FASB) has issued a proposed Accounting Standards Update
Producer price inflation hotter than expected ahead of Fed’s meeting
The producer price index for final demand rose by 0.3% in November and by 7.4% year-over-year, the Bureau of Labor Statistics reported on Friday.
Customer engagement technology selection guide
With multiple options on the market, learn how to make the right CRM or customer engagement technology selection for your company.
Jobless claims show an uptick in layoffs
New filings for jobless claims inched up by 1.8% last week to 230,000, remaining above the pre-pandemic level for the fifth week in a row.
U.S. Year ahead: Recession on the Horizon
Our baseline forecast for the American economy next year calls for a mild recession by the second half of the year as the impact of higher interest rates sets in.
Cybersecurity considerations and trends for boards and audit commmittees
Boards of directors can strengthen cybersecurity at their organizations by understanding trends and taking action accordingly.
Independent Contractor or Employee? The Distinction Matters
Sometimes, the IRS and employers clash over the classification of workers as independent contractors or employees. That's because if workers are employees, their employers have multiple responsibilities, including to withhold taxes and provide benefits. But classifying workers can be tough — and mistakes can be costly.
The Audit is Over. Now What?
Whew! That's probably your reaction when outside experts announce that their audit of your not-for-profit is complete. But even if auditors have left your premises and returned the documents they've reviewed, the work isn't really over. Not only do your executive director and board need to review the audit report, but it may be necessary to address auditor concerns by making changes to your organization.
What do the latest job numbers say about the health care sector?
According to the latest nonfarm payroll report by the Bureau of Labor Statistics, health care added 44,700 jobs, exceeding our earlier estimate of 40,000.
U.S. jobs report: Rising wages pose a problem as hiring remains strong
Average hourly earnings increased by 5.1% on a year-ago basis and by 0.6% on the month in addition to being revised higher in October.
Spending holds strong as inflation moderates in October
Spending rose by 0.8% in October while income increased by 0.7%. After adjusting for inflation, real spending rose by 0.5% and income was up by 0.4%.
Manufacturing sector nears contraction
The ISM's manufacturing index slowed to 49%, barely above the contraction threshold at 48.7%. It was the third straight decline as demand for manufactured goods stalled.
RSM US Manufacturing Outlook Index: Sentiment sours even as activity remains stout
Our composite measure of manufacturer surveys conducted by five regional central banks indicates that manufacturing activity remains at 1.6 standard deviations below normal.
Job openings and quits continue to moderate
There remained 1.7 job vacancies per unemployed worker, significantly higher than 2019's average of 1.2.