The SECās Office of Investor Education and Advocacy issued the following guidance to answer questions that may arise when investing in a 529 plan account. 1. Who can use a 529 plan…
Treasury Department releases report on the benefits of Unions to the U.S. economy
The Treasury Department has released a new report by the Departmentās Office of Economic Policy that contains a comprehensive review of the role that labor unions play in the American economy. The report represents…
Creating passive income through the Amazon Associates Program: A strategic approach
Lifeās unexpected expenses can be daunting. However, the digital age offers innovative solutions to tackle such financial challenges. Recently, I was blindsided by unexpected dental work costing up to $12K. Unexpected medical expenses…
Narrow Focus on Financial Reporting Risks: Concerns and Impact on Investors
Management’s and auditors’ risk assessment processes play a crucial role in financial reporting decisions and the effectiveness of internal controls over financial reporting (ICFR). In a Statement released by SEC Chief Accountant…
The evolution of internal auditing: Exploring the role of AI in automation and enhancement
In an era defined by technological innovation, artificial intelligence (AI) has emerged as a disruptive force across industries, challenging traditional practices and reshaping business processes. One area that has caught the attention…
Revolutionizing the skies: The promise of sustainable aviation fuel
The aviation industry has long been a symbol of human progress, connecting people and cultures across the globe. However, this progress has come at a significant environmental cost, as traditional jet fuels…
Should businesses advertise on TikTok?
In 2022, TikTok’s annual revenue from ads registered at $9.9 billion ā a whopping 155% yearly increase. Deciding whether to advertise on TikTok depends on various factors, including your target audience, marketing goals,…
Transforming Accounting and Finance with Generative AI
In recent years, the integration of artificial intelligence (AI) has revolutionized various industries, and the fields of accounting and finance are no exception. One of the most intriguing advancements in AI technology…
PCAOB issues “Annual Report on the Interim Inspection Program Related to Audits of Brokers and Dealers”
The PCAOBās āAnnual Report on the Interim Inspection Program Related to Audits of Brokers and Dealersā (Annual Report) provides: Generally, the inspection results of firms that audited 100 or fewer broker-dealers continued…
Navigating the Financial Landscape: Accounting for Crypto Assets
In the ever-evolving world of finance, the rise of cryptocurrencies has introduced a new paradigm that demands careful consideration within the realm of accounting. Crypto assets, such as Bitcoin, Ethereum, and a…