Simply study and remember these CPA-REG Practice Test questions

Each and every candidate that go through the CPA-REG exam feel that, CPA-REG test questions are altogether different from the CPA-REG digital book and course books. We have viewed this issue in a serious way. We have gathered the most refreshed, most recent, and legitimate CPA-REG cram and made an information base to assist up-and-comers with breezing through tests with excellent grades.

Exam Code: CPA-REG Practice exam 2022 by Killexams.com team
CPA-REG CPA Regulation

Content area allocation Weight
I. Ethics, Professional Responsibilities and Federal Tax Procedures 10–20%
II. Business Law 10–20%
III. Federal Taxation of Property Transactions 12–22%
IV. Federal Taxation of Individuals 15–25%
V. Federal Taxation of Entities 28–38%

minutes — Welcome/enter launch code
5 minutes — Confidentiality/section information
4 hours — Testing time
15 minutes — Break after third testlet (option to pause exam timer)
5 minutes — Survey
Each of the four exam sections is broken down into five smaller sections called testlets. These testlets feature multiple-choice questions (MCQs) and task-based simulations (TBSs). In the case of BEC, you also have to complete three written communication tasks. The number of MCQs and TBSs tested varies depending upon the specific section taken. You will receive at least one research question (research-oriented TBS) in the AUD, FAR and REG sections. To complete them, you will have to search the related authoritative literature and find an appropriate reference.

The REG section blueprint is organized by content AREA, content GROUP and content TOPIC. Each syllabu includes one or more representative TASKS that a newly licensed CPA may be expected to complete when performing tax preparation services, tax advisory services or other responsibilities of a CPA. The tasks in the blueprint are representative. They are not intended to be (nor should they be viewed as) an all-inclusive list of tasks that may be tested in the REG section of the Exam. Additionally, it should be noted that the number of tasks associated with a particular content group or syllabu is not indicative of the extent such content group, syllabu or related skill level will be assessed on the Exam. Similarly, examples provided within the task statements should not be viewed as all-inclusive.

Area I Ethics, Professional Responsibilities and
Federal Tax Procedures 10–20%
Area II Business Law 10–20%
Area III Federal Taxation of Property Transactions 12–22%
Area IV Federal Taxation of Individuals 15-25%
Area V Federal Taxation of Entities 28-38%

Overview of content areas
Area I of the REG section blueprint covers several topics, including the following: • Ethics and Responsibilities in Tax Practice – Requirements based on Treasury Department Circular 230 and the rules and regulations for tax return preparers
• Licensing and Disciplinary Systems – Requirements of state boards of accountancy to obtain and maintain the CPA license
• Federal Tax Procedures – Understanding federal tax processes and procedures, including appropriate disclosures, substantiation, penalties and authoritative hierarchy
• Legal Duties and Responsibilities – Understanding legal issues that affect the CPA and his or her practice
Area II of the REG section blueprint covers several subjects of Business Law, including the following:
• Knowledge and understanding of the legal implications of business transactions, particularly as they relate to accounting, auditing and financial reporting.
• Areas of agency, contracts, debtor-creditor relationships, government regulation of business, and business structure.
- The Uniform Commercial Code under the subjects of contracts and debtor-creditor relationships.
- Nontax-related business structure content. Area V of the REG section blueprint covers the tax-related issues of the various business structures. • Federal and widely adopted uniform state laws and references as identified in References below.
Area III, Area IV and Area V of the REG section blueprint cover various topics of federal income taxation and gift and estate tax. Accounting methods and periods, and tax elections are included in the Areas listed below:
• Area III covers the federal income taxation of property transactions. Area III also covers subjects related to federal estate and gift taxation.
• Area IV covers the federal income taxation of individuals from both a tax preparation and tax planning perspective.
• Area V covers the federal income taxation of entities including sole proprietorships, partnerships, limited liability companies, C corporations,
S corporations, joint ventures, trusts, estates and tax-exempt organizations, from both a tax preparation and tax planning perspective.
Section assumptions
The REG section of the exam includes multiple-choice questions, task-based simulations and research prompts. Candidates should assume that the information provided in each question is material and should apply all stated assumptions. To the extent a question addresses a syllabu that could have different tax treatments based on timing (e.g., alimony arrangements or net operating losses), it will include a clear indication of the timing (e.g., use of real dates) so that the candidates can determine the appropriate portions of the Internal Revenue Code or Treasury Regulations to apply to

Remembering and understanding is mainly concentrated in Area I and Area II. These two areas contain the general ethics, professional responsibilities and business law knowledge that is required for newly licensed CPAs and is tested at the lower end of the skill level continuum.
• Application and analysis skills are primarily tested in Areas III, IV and V. These three areas contain more of the day-to-day tasks that newly licensed CPAs are expected to perform and therefore are tested at the higher end of the skill level continuum.
The representative tasks combine both the applicable content knowledge and the skills required in the context of the work that a newly licensed CPA would reasonably be expected to perform. The REG section does not test any content at the Evaluation skill level as newly licensed CPAs are not expected to demonstrate that level of skill in regards to the REG content.
1. Regulations
governing
practice
before the Internal Revenue Service
Recall the regulations governing practice before the Internal Revenue Service.
Apply the regulations governing practice before the Internal Revenue Service given a specific scenario.
2. Internal Revenue
Code and
Regulations
related
to tax return
preparers
Recall who is a tax return preparer.
Recall situations that would result in federal tax return preparer penalties.
Apply potential federal tax return preparer penalties given a specific scenario.
B. Licensing and disciplinary systems
Understand and explain the role and authority of state boards of accountancy.
C. Federal tax procedures
1. Audits, appeals
and judicial
process
Explain the audit and appeals process as it relates to federal tax matters.
Explain the different levels of the judicial process as they relate to federal tax matters.
Identify options available to a taxpayer within the audit and appeals process given a specific
scenario.
Identify options available to a taxpayer within the judicial process given a specific scenario.

2. Substantiation
and disclosure
of tax positions
Summarize the requirements for the appropriate disclosure of a federal tax return
position.
Identify situations in which disclosure of federal tax return positions is required.
Identify whether substantiation is sufficient given a specific scenario.
3. Taxpayer penalties Recall situations that would result in taxpayer penalties relating to federal tax returns.
Calculate taxpayer penalties relating to federal tax returns.
4. Authoritative
hierarchy
Recall the appropriate hierarchy of authority for federal tax purposes.
D. Legal duties and responsibilities
1. Common law
duties and
liabilities to
clients and third
parties
Summarize the tax return preparers common law duties and liabilities to clients and
third parties.
Identify situations which result in violations of the tax return preparers common law duties
and liabilities to clients and third parties.
2. Privileged
communications,
confidentiality
and privacy acts
Summarize the rules regarding privileged communications as they relate to tax practice.
Identify situations in which communications regarding tax practice are considered
privileged.

1. Authority of agents
and principals Recall the types of agent authority.
Identify whether an agency relationship exists given a specific scenario.
2. Duties and
liabilities of agents
and principals
Explain the various duties and liabilities of agents and principals.
Identify the duty or liability of an agent or principal given a specific scenario.
B. Contracts
1. Formation Summarize the elements of contract formation between parties.
Identify whether a valid contract was formed given a specific scenario.
Identify different types of contracts (e.g., written, verbal, unilateral, express and implied)
given a specific scenario.
2. Performance Explain the rules related to the fulfillment of performance obligations necessary for an
executed contract.
Identify whether both parties to a contract have fulfilled their performance obligation given
a specific scenario.

3. Discharge, breach
and remedies
Explain the different ways in which a contract can be discharged (e.g., performance,
agreement and operation of the law).
Summarize the different remedies available to a party for breach of contract.
Identify situations involving breach of contract.
Identify whether a contract has been discharged given a specific scenario.
Identify the remedy available to a party for breach of contract given a specific scenario.
C. Debtor-creditor relationships
1. Rights, duties
and liabilities of
debtors,
creditors
and guarantors
Explain the rights, duties and liabilities of debtors, creditors and guarantors.
Identify rights, duties or liabilities of debtors, creditors or guarantors given a specific
scenario.
2. Bankruptcy and
insolvency
Explain the rights of the debtors and the creditors in bankruptcy and insolvency.
Summarize the rules related to the different types of bankruptcy.
Explain discharge of indebtedness in bankruptcy.
Identify the rights of the debtors and the creditors in bankruptcy and insolvency given a
specific scenario.
Identify the type of bankruptcy described in a specific scenario.
3. Secured
transactions
Explain how property can serve as collateral in secured transactions.
Summarize the priority rules of secured transactions.
Explain the requirements needed to create and perfect a security interest.
Identify the prioritized ordering of perfected security interests given a specific scenario.
Identify whether a creditor has created and perfected a security interest given a
specific scenario.
D. Government regulation of business
1. Federal securities
regulation
Summarize the various securities laws and regulations that affect corporate governance
with respect to the federal Securities Act of 1933 and federal Securities Exchange Act
of 1934.
Identify violations of the various securities laws and regulations that affect corporate
governance with respect to the federal Securities Act of 1933 and federal Securities
Exchange Act of 1934.
2. Other federal
laws and
regulations
(e.g., employment
tax, qualified health
plans and worker
classification)
Summarize federal laws and regulations, for example, employment tax, qualified health plans
and worker classification federal laws and regulations.
Identify violations of federal laws and regulations, for example, employment tax, qualified
health plans and worker classification federal laws and regulations.
1. Selection and
formation of
business entity
and related
operation
and termination
Summarize the processes for formation and termination of various business entities.
Summarize the non-tax operational features for various business entities.
Identify the type of business entity that is best described by a given set of
nontax-related characteristics.
2. Rights, duties,
legal obligations
and authority
of owners and
management
Summarize the rights, duties, legal obligations and authority of owners and management.
Identify the rights, duties, legal obligations or authorities of owners or management given a
specific scenario.
1. Basis and holding
period of assets
Calculate the tax basis of an asset.
Determine the holding period of a disposed asset for classification of tax gain or loss.
2. Taxable and
nontaxable
dispositions
Calculate the realized and recognized gain or loss on the disposition of assets for federal income
tax purposes.
Calculate the realized gain, recognized gain and deferred gain on like-kind property exchange
transactions for federal income tax purposes.
Analyze asset sale and exchange transactions to determine whether they are taxable or
nontaxable.
3. Amount and
character of gains
and losses, and
netting process
(including
installment sales)
Calculate the amount of capital gains and losses for federal income tax purposes.
Calculate the amount of ordinary income and loss for federal income tax purposes.
Calculate the amount of gain on an installment sale for federal income tax purposes.
Review asset transactions to determine the character (capital vs. ordinary) of the gain or
loss for federal income tax purposes.
Analyze an agreement of sale of an asset to determine whether it qualifies for installment
sale treatment for federal income tax purposes.
4. Related party
transactions
(including imputed
interest)
Recall related parties for federal income tax purposes.
Recall the impact of related party ownership percentages on acquisition and disposition
transactions of property for federal income tax purposes.
Calculate the direct and indirect ownership percentages of corporation stock or partnership
interests to determine whether there are related parties for federal income tax purposes.
Calculate a taxpayers basis in an asset that was disposed of at a loss to the taxpayer by a
related party.
Calculate a taxpayers gain or loss on a subsequent disposition of an asset to an unrelated
third party that was previously disposed of at a loss to the taxpayer by a related party.
Calculate the impact of imputed interest on related party transactions for federal
tax purposes.
B. Cost recovery (depreciation, depletion and amortization)
Calculate tax depreciation for tangible business property and tax amortization of intangible
assets.
Calculate depletion for federal income tax purposes.
Compare the tax benefits of the different expensing options for tax depreciation for federal
income tax purposes.
Reconcile the activity in the beginning and ending accumulated tax depreciation account.
1. Transfers subject
to gift tax Recall transfers of property subject to federal gift tax.
Recall whether federal Form 709 — United States Gift (and Generation-Skipping Transfer)
Tax Return is required to be filed.
Calculate the amount and classification of a gift for federal gift tax purposes.
Calculate the amount of a gift subject to federal gift tax.
2. Gift tax annual
exclusion and gift
tax deductions
Recall allowable gift tax deductions and exclusions for federal gift tax purposes.
Recall situations involving the gift tax annual exclusion, gift-splitting and the impact on
the use of the lifetime exclusion amount for federal gift tax purposes.
Compute the amount of taxable gifts for federal gift tax purposes.
3. Determination
of taxable estate
Recall assets includible in a decedents gross estate for federal estate tax purposes.
Recall allowable estate tax deductions for federal estate tax purposes.
Calculate the taxable estate for federal estate tax purposes.
Calculate the gross estate for federal estate tax purposes.
Calculate the allowable estate tax deductions for federal estate tax purposes
Calculate the amounts that should be included in, or excluded from, an individuals gross
income as reported on federal Form 1040 — U.S. Individual Income Tax Return.
Analyze projected income for use in tax planning in future years.
Analyze client-provided documentation to determine the appropriate amount of gross
income to be reported on federal Form 1040 — U.S. Individual Income Tax Return.
B. Reporting of items from pass-through entities
Prepare federal Form 1040 — U.S. Individual Income Tax Return based on the information
provided on Schedule K-1.
C. Adjustments and deductions to arrive at adjusted gross income and taxable income
Calculate the amount of adjustments and deductions to arrive at adjusted gross income
and taxable income on federal Form 1040 — U.S. Individual Income Tax Return.
Calculate the qualifying business income (QBI) deduction for federal income tax purposes.
Analyze client-provided documentation to determine the validity of the deductions
taken to arrive at adjusted gross income or taxable income on federal Form 1040 — U.S.
Individual Income Tax Return.
D. Passive activity losses (excluding foreign tax credit implications)
Recall passive activities for federal income tax purposes.
Calculate net passive activity gains and losses for federal income tax purposes.
Prepare a loss carryforward schedule for passive activities for federal income tax purposes.
Calculate utilization of suspended losses on the disposition of a passive activity for
federal income tax purposes.
Uniform CPA Examination Blueprints: Regulation (REG) REG16
Regulation (REG)
Area IV – Federal Taxation of Individuals
CPA Regulation
AICPA Regulation reality
Killexams : AICPA Regulation reality - BingNews https://killexams.com/pass4sure/exam-detail/CPA-REG Search results Killexams : AICPA Regulation reality - BingNews https://killexams.com/pass4sure/exam-detail/CPA-REG https://killexams.com/exam_list/AICPA Killexams : AICPA again critiques new IRS requirements for R&D credits

Documentation requirements for refund claims involving the Sec. 41 business tax credit for increasing research activities that the IRS imposed last fall impose undue taxpayer burdens and deviate from Treasury regulations and other authoritative guidance, the AICPA said in a comment letter dated Sept. 21.

The letter, signed by Jan Lewis, CPA, chair of the AICPA Tax Executive Committee to IRS and Treasury officials, expands upon the AICPA's Nov. 18, 2021, letter that expressed initial concerns and provided broad comments on the requirements.

The IRS outlined the requirements in a Field Attorney Advice memo and news release both publicly issued on Oct. 15, 2021.

In late November 2021, Holly Paz, deputy commissioner of the IRS Large Business and International Division, told an AICPA volunteer member committee that the requirements apply only to claims of the R&D credit on amended returns and that the Service deemed them necessary for such claims to meet the existing requirement of Regs. Sec. 301.6402-2(b)(1) that taxpayers provide sufficient information regarding the grounds and facts upon which a refund claim is based, known as the specificity requirement. The memo also states that the requirements must be met for a refund claim of an R&D credit to be considered valid as a threshold matter.

But in the comment letters, the AICPA contended that the requirements represent a new collection of information, one that "is highly burdensome and presents a great deviation from the existing regulations, binding and authoritative guidance, and amended return form and instructions." If the IRS chooses to retain such requirements, the Sept. 21 letter stated, it should adopt the letter's three main recommendations: (1) the requirements should not impose the significant burden represented in the memo; (2) the IRS should clarify essential information needed to meet the requirements; and (3) the IRS should consider each item in a refund claim, including any unrelated to an R&D credit but included with it, and inform taxpayers within 45 days whether the claim is valid.

Ease significant burdens

The letter stated that the requirements pertain to a taxpayer's entire R&D credit, not just an additional credit amount claimed on an amended return, which makes them overly broad to a point "tantamount to being punitive." In addition, a high volume of R&D activities for some taxpayers could entail "many hundreds of pages of information" difficult for these taxpayers to compile and the IRS to review.

At the other end of the scale, small and midsize taxpayers might be deterred "from claiming research credits they are rightly entitled to," the AICPA said. "These taxpayers may not be able to pursue valid research credit claims, based upon the upfront resource needs of doing so and the potential litigation costs if claims are rejected, a more likely result given the [memo]."

Clarify essential information

The AICPA criticized some of the memo's requirements as unclear and overly broad, such as some points pertaining to the general requirements that the claim identify all research activities performed, all individuals who performed them, and all information each individual sought to discover.

"Preparing a comprehensive list of 'ALL' information is not feasible because 'all' is an undefined term," with the result that taxpayers have little way of knowing how much information is needed, the letter stated. Also, the word "discover" "is not in the statute or regulations," the letter stated. The AICPA recommended clarifying these requirements, including with examples and acceptable formats.

Evaluate each item independently

In the case of a refund claim included on a single amended return that is attributable to additional R&D credits being claimed, as well as other items, the AICPA recommends that the IRS evaluate and consider each item included in a refund claim independently based upon the facts, circumstances, and the law related to each separate item. Also, the memo states that the IRS will notify taxpayers whose claim it considers invalid for not meeting the requirements, allowing them 45 days to perfect it. By the same token, the AICPA said in the letter, the IRS should be bound by a decision date of no more than 45 days to inform taxpayers whether their claim is valid.

— To comment on this article or to suggest an idea for another article, contact Paul Bonner at Paul.Bonner@aicpa-cima.com.

Wed, 28 Sep 2022 23:01:00 -0500 text/html https://www.journalofaccountancy.com/news/2022/sep/aicpa-again-critiques-new-irs-requirements-r-d-credits.html
Killexams : AICPA Life Insurance Review

AICPA is not one of our top-rated companies. You can review our list of the best 

life insurance companies for what we think are better options.

Pros Explained

  • Good variety of riders: You can customize an AICPA life insurance policy by adding riders and optional policies to fill gaps in coverage.
  • Several no-exam policies: AICPA offers simplified issue life insurance that may not require a medical exam in order to get approved.
  • Easy to apply online: You can submit a life insurance application on AICPA’s website, which takes about 20 minutes to complete.

Cons Explained

  • Limited policy types: Currently, AICPA only sells term and variable universal life products. The variable universal policy is only available to groups.
  • Basic customer support: The only ways to get in touch with an AICPA representative are by calling during business hours or by filling out the online form. 

Available Plans

There are several plans available through AICPA, with term life options. The organization also offers a group variable universal life insurance policy. All of AICPA’s life insurance policies are issued by Prudential, which has been fulfilling customers' insurance needs since 1875. 

Depending on the type of policy you have, you might be eligible for an Annual Cash Refund.

CPA Life Express

The CPA Life Express policy is available for AICPA members between the ages of 18 and 39, with up to $1 million in coverage, which is available until age 80. You can also get coverage if you belong to your state’s CPA society, but the maximum coverage limit is $500,000. The CPA Life Express application doesn’t contain any health questions, and there is no medical exam required.

CPA Life 

AICPA’s CPA Life policy is a simplified issue life policy that is available for AICPA members between the ages of 18 and 74. Depending on your age, you can get up to $2.5 million coverage, which is available until age 80. Approval is based on your answers to some basic health questions on the application, and most people don’t have to take a traditional medical exam. According to AICPA, expect it to take about 20 minutes to complete the entire online application from start to finish. Like the CPA Life Express plan, this policy doesn’t have a cash value component.

Simplified issue life insurance is a good option for people who want to forgo a comprehensive medical exam, but the premiums tend to be more expensive than policies that require an exam.

Spouse Life 

With AICPA’s Spouse Life policy, you can ensure that your spouse or partner have adequate coverage. Your spouse can get as much as $2.5 million in coverage, and they can apply if they are under 75 years old. It’s life coverage that is guaranteed up until age 80, as long as you maintain your AICPA membership. However, the Spouse Life policy has step rates, which means the premium will increase in five-year age bands after age 30. There is no medical exam required or Standard or Select rates, only some basic health questions on the application.

Level Premium Term Life

The Level Premium Term Life policy offers coverage over a certain number of years. It offers up to $2.5 million in coverage with level premiums over the term. AICPA members who are 55 or younger can get a 10- or 20-year term, but members between the ages of 56 and 65 can only choose a 10-year term period. Once the term ends, you can purchase another term life policy, or you can extend your existing policy by paying annual premiums until age 95.

Spouse Level Premium Term Life

The AICPA Spouse Level Premium Term Life policy is the company’s term life plan for spouses. It has the exact same term lengths, coverage limits, and age requirements as the traditional Level Premium Term Life Policy for AICPA members. The only difference is that the amount of coverage your spouse or partner is eligible for cannot exceed the amount of coverage that you are eligible for as an AICPA member.

Group Variable Universal Life

The group variable universal life policy offers up to $2.5 million in life insurance coverage at competitive group negotiated rates. Coverage lasts until age 100. The policy also has a cash value account that can be grown using investment options. The cash value can be withdrawn or borrowed from by the insured when they have need for it.

Available Riders

Life insurance riders are optional policies that provide additional coverage for specific situations that your standard policy does not cover. AICPA offers a handful of riders that allow you to customize a policy based on your family’s unique needs.

Accidental Death and Dismemberment Rider

The accidental death and dismemberment (AD&D) rider may double your death benefit for loss of life, loss of both hands, both feet, sight of both eyes, one hand and one foot, and one hand and sight of one eye, and one foot and sight of one eye.

Accelerated Death Benefit Rider

The accelerated death benefit rider allows you to use money from your death benefit to pay for end-of-life expenses if you get diagnosed with a qualifying terminal illness. This rider cannot exceed 75% of your life insurance, or $1 million, whichever is less.

While some life insurance riders allow you to use funds from your death benefit while you’re still living, it can lower the amount of money your beneficiaries will receive when you pass away.

Dependent Child Rider

The dependent child rider covers up to $10,000 in term life insurance coverage for your dependent children, assuming they meet certain eligibility requirements. This optional coverage costs only $6 per year.

Waiver of Disability Rider

If you become completely disabled before age 60, the waiver of disability rider will allow you to keep your life insurance coverage without paying the premiums. To use this rider, you must wait nine months from the date you became disabled, or until you are able to provide proof of the disability, whichever is later.

Customer Service

AICPA has average customer service. To get in touch with the company, you can call (800) 223-7473 Monday through Friday from 8:30 a.m. to 6 p.m. EST. You can also get in touch via email by submitting the online form.

Complaint Index

The National Association of Insurance Commissioners (NAIC) Company Complaint Index scores licensed insurance companies based on customer feedback weighed against market share. It accounts for things like claim settlements, policy premiums, customer service, and policy cancellation issues.

Because AICPA is not a licensed insurance company, it’s not rated in the NAIC Company Complaint Index. But Prudential, the insurance company that underwrites AICPA policies, is rated. 

In 2021, Prudential had a complaint index of 0.67 which is good. This indicates the company received fewer complaints than expected during that year.

Third-Party Ratings

Because AICPA doesn’t have many third-party ratings, we’ll consider Prudential’s ratings for this section. Prudential has an A+ financial strength rating from AM Best, which indicates that the company has enough money to repay policyholders after a claim and is unlikely to file for bankruptcy. 

The company is also rated in J.D. Power’s 2021 U.S. Life Insurance Study, which looks at overall customer satisfaction. Prudential faired poorly in the study. Their score was 753 out of 1,000 compared to an average of 776. The company was ranked 15th out 21 insurance companies.

Cancellation Policy

Contact the company for information regarding cancelation.

Price

Everyone pays a different life insurance premium. Insurance companies look at individualized factors such as age, overall health, smoking history, and the amount of coverage required when they calculate your rate.

You can get a rate quote online. The company also provides some pricing examples. For the CPA Life policy, a 32-year-old male would pay $26 per month for $1 million in coverage. For the Spouse Level Premium Term Life policy, a 41-year-old female would pay $21 per month for $500,000 in coverage for a 10-year term.

Another factor that affects life insurance rates is your gender assigned at birth. Non-binary individuals can still get life insurance, but on the AICPA life insurance application, you will be asked to mark “male” or “female” as your gender. If you identify as transgender or non-binary, we suggest reaching out to AICPA to learn about their specific underwriting processes.

Competition

If you’re shopping for life insurance, one of the best companies on the market is Mutual of Omaha. Like AICPA, Mutual of Omaha offers multiple policies, but overall, it’s a much better provider than AICPA.

Mutual of Omaha has a great customer satisfaction rating from J.D. Power in 2021, with a strong, above-average score of 795 out of 1,000. It ranked fifth on the list of 21 providers. They both offer a similar number of policies, but Mutual of Omaha's policy types are more varied. Mutual of Omaha also offers at least 5 life insurance policies, whereas AICPA offers six.

  AICPA Life Insurance Mutual of Omaha
Market Share Very small 18th-largest, 1.53% of market share
Number of Plans  6 5+
Dividends for 2022 Over $75 million  Not offered
Wellness Program Discounts/Quit Smoking Incentives  Not offered Not offered
Service Method  Online, phone rep Agents, online
AM Best Rating  A+ (Prudential) A+
Price Rank  About Average About Average
Complaint Index 2021 0.67 (Prudential) 0.65
Final Verdict

If you are an AICPA member and you’re looking for basic life insurance coverage, AICPA is not a bad option. The company offers a good list of riders, you can easily apply for coverage online, and the company has a good history of paying Annual Cash Refunds. However, AICPA doesn't offer whole life or standard universal life. If you're looking for those options you'll need to go to another provider.

Methodology

Our reviews of life insurance companies are based on a quantitative methodology that analyzes each insurer on their stability and reliability, customer service, claims experience, diversity of product lines, and cost. We compare the terms of each type of policy offered—including available coverage amounts, optional riders, and premium payment options—with those of other major life insurance companies. Lastly, we look at how the company is rated by third-party organizations to determine its reliability and overall reputation.

Wed, 26 May 2021 11:22:00 -0500 en text/html https://www.investopedia.com/aicpa-life-insurance-review-5185819
Killexams : R&D credit claim transition period extended

The IRS extended for another year, until Jan. 10, 2024, the transition period during which it will allow taxpayers 45 days to perfect a refund claim involving a Sec. 41 research and development (R&D) credit to comply with new information requirements.

The update to the requirements was posted Friday to an IRS news webpage that includes the original Oct. 15, 2021, news release highlighting an IRS Chief Counsel memorandum setting forth the requirements, and other subsequent updates.

The latest update follows by less than a week an AICPA Tax Executive Committee letter to the IRS offering recommendations on the requirements. One recommendation it reiterated from an earlier letter was that the IRS delay implementation of the new requirements to allow time for a public comment period and for the Service to consider and respond to those comments. The second letter also recommended that the IRS remove the additional requirements for an R&D credit refund claim to be deemed valid, clarify the information requirements, and for the IRS and Treasury to evaluate each item in a refund claim independently and inform taxpayers within 45 days whether the claim is valid.

The Chief Counsel memo provides that for an R&D credit refund claim on an amended return to be considered sufficient and valid, it must:

  • Identify all business components to which it relates for the claim year;
  • For each business component, identify:
    • All research activities performed,
    • All individuals who performed each research activity, and
    • All the information each individual sought to discover; and
  • Provide the total qualified employee wage expenses, total qualified supply expenses, and total qualified contract research expenses for the claim year. This may be done on Form 6765, Credit for Increasing Research Activities.

The IRS originally provided a transition period until Jan. 10, 2023, during which taxpayers submitting an R&D credit claim that the Service considers not to meet these conditions may provide any required missing information, or perfect it, within 30 days. On Jan. 5, 2022, in an update to its frequently asked questions on the requirements, the IRS lengthened this perfection period to 45 days.

— To comment on this article or to suggest an idea for another article, contact Paul Bonner at Paul.Bonner@aicpa-cima.com.

Thu, 13 Oct 2022 19:34:00 -0500 text/html https://www.journalofaccountancy.com/news/2022/oct/r-d-credit-claim-transition-period-extended.html
Killexams : Evolving Global Risk Landscape is Outpacing Organizational Preparedness, AICPA & CIMA and NC State Poole College of Management Global Report Finds

Most organizations describe their risk management processes as insufficient and immature, despite perceived high volumes and complexities of risks

NEW YORK, September 27, 2022--(BUSINESS WIRE)--As global organizations face an increasingly complex risk environment, a new report issued today by the AICPA & CIMA and NC State’s Enterprise Risk Management (ERM) Initiative found that the majority have insufficient approaches to risk management and immature ERM processes. The report found that approximately 60 percent of global finance and business leaders agree that the volume and complexity of corporate risk have increased "mostly" or "extensively" over the last five years. However, over two-thirds of respondents do not have complete ERM processes in place.

The 2022 Global State of Risk Oversight: Managing the Rapidly Evolving Risk Landscape includes insights from a survey of 747 global senior finance and business leaders conducted in 2022. The survey measured finance-related executives’ assessments of the level of maturity in their organization’s proactive management of these risks through adoption of enterprise risk management (ERM) processes (a methodology that looks at risk management strategically from the perspective of the entire firm or organization and aims to identify, assess, and prepare for potential losses, dangers, hazards, and other potentials for harm that may interfere with an organization's operations and objectives and/or lead to losses).

Increased uncertainty and rapidly evolving events, including geopolitical shifts, supply chain disruptions, competition for talent, increased volume of available data, climate change concerns, and lingering effects of a global pandemic, are continuing to drive the complexity of risk challenges senior executives across the globe must navigate. Even when faced with these complexities of risks, fewer than half of respondents said they do not believe their risk management oversight model is "mature" or "robust" (Europe & U.K. – 31 percent, Asia & Australasia – 41 percent, Africa & Middle East – 26 percent, U.S. – 29 percent). And, similarly, only between one-third to one-half of respondents claim to have a complete ERM processes in place (Europe & U.K. – 33 percent, Asia & Australasia – 41 percent, Africa & Middle East – 29 percent, U.S. – 32 percent).

"Globally, organizations face the realities of an increasingly complex risk environment while realizing their current approach to risk oversight may be insufficient in a rapidly changing risk environment," according to Mark Beasley, KPMG Professor of Accounting and Director of the ERM Initiative at NC State. "And interestingly, even prior to the massively disruptive Covid-19 pandemic, business leaders have sensed an overwhelming volume and complexity of risks impacting their organizations. As this and our previous studies suggest, risk management does not appear to be getting easier."

Business leaders understand their organizations must take risks to generate returns. But there was a noticeable variation among respondents when asked if their risk management processes provided a competitive advantage. A higher percentage of respondents in Asia & Australasia (40 percent) and Africa & Middle East (34 percent) believe their risk oversight is providing an important competitive advantage, while the percentages are much lower in Europe & U.K. (13 percent) and the U.S. (11 percent). However, the report shows a disconnect among views from around the world when risk exposures are considered by senior executives when evaluating possible new strategic initiatives, with higher percentages reported in Asia & Australasia and Africa & Middle East (both 66 percent) and slightly lower in Europe & U.K. (58 percent) and the U.S. (47 percent).

"Business leaders that embrace the reality that risk and return are related are likely to increase their investment in enterprise risk oversight to strengthen their organization’s resiliency and agility when navigating the complex and uncertain risk landscape," said Ash Noah, CPA, CGMA, Vice President & Managing Director of Management Accounting at the Association of International Certified Professional Accountants. "Organizational value goes beyond the balance sheet. Along with providing protection for businesses, embracing ERM supports the creation of value and long-term viability and sustainability."

Additional key findings from the report include:

  • Respondents in most regions noted Covid-19 having "mostly" or "extensively" changed the nature of top risks affecting their organization - Europe & U.K. (48 percent), Africa & Middle East (61 percent), Asia & Australasia (71 percent), U.S. (41 percent).

  • Most executives do not believe their organization’s risk management processes provide competitive advantage - Europe & U.K. (13 percent), Africa & Middle East (34 percent), Asia & Australasia (40 percent), U.S. (11 percent).

  • About one-half of organizations outside of the U.S. describe their metrics for monitoring risks as "mostly" to "extensively" robust (Europe & U.K. – 47 percent, Asia & Australasia – 47 percent, Africa & Middle East – 50 percent), while only 31 percent in the U.S. describe their metrics at that level.

  • Most organizations (Europe & U.K. – 64 percent, Asia & Australasia – 64 percent, Africa & Middle East – 76 percent) claim to have a standardized process for identifying risks, where the U.S. is the exception at 51 percent.

Methodology

The 2022 Global State of Risk Oversight: Managing the Rapidly Evolving Risk Landscape includes data collected during 2022 through an online survey of global business leaders across four core regions (Europe & the U.K., Asia & Australasia, Africa & the Middle East, United States). In total, 747 fully completed surveys were submitted. Of those about half serve in senior accounting and finance roles, with the remaining representing a variety of management positions within a range of industries.

About the Association of International Certified Professional Accountants, and AICPA & CIMA

The Association of International Certified Professional Accountants® (the Association), representing AICPA® & CIMA®, advances the global accounting and finance profession through its work on behalf of 689,000 AICPA and CIMA members, students and engaged professionals in 196 countries and territories. Together, we are the worldwide leader on public and management accounting issues through advocacy, support for the CPA license and specialized credentials, professional education and thought leadership. We build trust by empowering our members and engaged professionals with the knowledge and opportunities to be leaders in broadening prosperity for a more inclusive, sustainable, and resilient future.

The American Institute of CPAs® (AICPA), the world’s largest member association representing the CPA profession, sets ethical standards for its members and U.S. auditing standards for private companies, not-for-profit organizations, and federal, state, and local governments. It also develops and grades the Uniform CPA Examination and builds the pipeline of future talent for the public accounting profession.

The Chartered Institute of Management Accountants® (CIMA) is the world’s leading and largest professional body of management accountants. CIMA works closely with employers and sponsors leading-edge research, constantly updating its professional qualification and professional experience requirements to ensure it remains the employer’s choice when recruiting financially trained business leaders.

About North Carolina State University’s Enterprise Risk Management (ERM) Initiative

The Enterprise Risk Management (ERM) Initiative in the Poole College of Management at North Carolina State University provides thought leadership about ERM practices and their integration with strategy and corporate governance. Faculty in the ERM Initiative frequently work with boards of directors and senior management teams helping them link ERM to strategy and governance, host executive workshops and educational training sessions, and issue research and thought papers on practical approaches to implementing more effective risk oversight techniques (www.erm.ncsu.edu).

View source version on businesswire.com: https://www.businesswire.com/news/home/20220927005281/en/

Contacts

Media:
Maria Potepalova
NC State University
919.513.7238
mpotepa@ncsu.edu

Bill Ferguson
AICPA
919.402.4610
bill.ferguson@aicpa-cima.com

Thu, 06 Oct 2022 10:55:00 -0500 en-US text/html https://finance.yahoo.com/news/evolving-global-risk-landscape-outpacing-140100382.html
Killexams : AICPA Foundation awards minority doctoral students with a $12,000 fellowship

As part of the AICPA Fellowship for Minority Doctoral Students program, which strives to grow and diversify the educator pipeline in accounting programs, the AICPA Foundation offered 23 minority doctoral students a $12,000 fellowship. 

Established in 1922 to advance education and professional advancement in accounting, the AICPA Foundation has been supporting aspiring accountants through educational funding for students at all levels, from high school seniors to CPAs pursuing a Ph.D. The foundation created the fellowship over 50 years ago under the influence of John Carey, who worked as the AICPA's vice president and executive director, and often encouraged students from all backgrounds to become CPAs when he was a university professor. 

"Guided by a core ideology and principles, the foundation is committed to supporting and growing the next generation of CPAs through three primary focuses: accounting and education outreach, scholarships and fellowships and diversity and inclusion," said Jan Taylor, senior director of academic and student engagement at the AICPA. "We have made great strides encouraging and providing educational opportunities and promoting the hiring of high-potential minority accounting students over the past 50 years, but our work isn't finished. We still have a long way to go."

Christiana

Christiana Antwi-Obimpeh

Christiana Antwi-Obimpeh, who's a fellowship recipient this year, has always been an overachiever. Now entering her fourth year as a doctoral student at the University of Texas, San Antonio, Antwi-Obimpeh remembers her parents as hard-working individuals who always pushed her to reach her full potential. A valedictorian in high school, Antwi-Obimpeh distinguished herself as a gifted student before working in public accounting for four years and corporate accounting for seven years.

It was a difficult decision to leave a steady income to pursue a Ph.D., and the AICPA's decision to grant her the scholarship was a "great relief" for the Ohio-based professional. Naturally good at mathematics, Antwi-Obimpeh was always attracted by the problem-solving aspect of accounting, and her first class at Kent State University nurtured her interest in organizational misconduct and fraud. However, the future professor believed that the accounting profession was in need of people in academia, and that companies could benefit from her research. 

"I think there's a need to bridge the gap between how practitioners, businesses and other organizations interpret information and make decisions, versus what people who are impacted by them actually perceive," said Antwi-Obimpeh. "Academics can speak from a more analytical perspective and communicate to companies what can be improved, what can be capitalized upon, and what questions they should take the time to answer."

Antwi-Obimpeh has often seen a discrepancy between companies' rhetoric and the policies they actually enforced. She says that while firms should continue to have DEI councils and encourage minorities to pursue leadership positions, they should also spread their efforts to the recruiting process. Antwi-Obimpeh noticed that many businesses don't hire from Hispanic Serving Institutions like hers and, as a result, their workforce doesn't always reflect the communities they serve. She also thinks that students from underrepresented backgrounds are often barred from the accounting profession because they've never been exposed to those careers, and that's an opinion that Jose Nicolas Arguello also shares.

Arguello

Jose Nicolas Arguello

Currently studying at the University of Tennessee, Knoxville, for his doctorate, Arguello is a first-generation student who's also been selected as a fellowship recipient. He says that many minority students often turn away from accounting in the belief that it's a difficult and boring discipline that requires a lot of numbers. However, Arguello benefited from accounting learning and career opportunities during his undergraduate years, when the University of North Texas, which is an HSI, began its Accounting Scholars Program. In his opinion, it's initiatives like that or the AICPA's that promote the interest of minority students. 

"The AICPA and their donors are so incredibly generous with their Legacy Scholars Program, and it made a huge positive impact on me and the other hundreds of Legacy Scholars," said Arguello. "I think the AICPA and a lot of public accounting firms are doing a fantastic job with DEI in the profession."

Attributing most of his success to his mentors and family, Arguello hopes that other students will soon share his enthusiasm for the language of business, the stability of the profession and the opportunities that come with it. Planning to work for PwC in its audit and assurance practice and pursue his CPA licensure, Arguello wants to follow the Mendoza College of Business motto by growing "the good in business" and becoming a positive force in society.

Sat, 01 Oct 2022 03:44:00 -0500 en text/html https://www.accountingtoday.com/news/aicpa-foundation-awards-minority-doctoral-students-with-a-12-000-fellowship
Killexams : SureWaves achieves SOC 2 Type II compliance with AICPA

SureWaves MediaTech, Inc. today at the TVB Forward 2022 conference, announced that it has achieved SOC 2 Type II compliance in accordance with American Institute of Certified Public Accountants (AICPA) standards for SOC for Service Organizations also known as SSAE 18. Achieving this standard with an unqualified opinion serves as third-party industry validation that SureWaves MediaTech, Inc. provides enterprise-level security for customer's data secured in the SureWaves MediaTech, Inc. systems.

SureWaves MediaTech, Inc. is a cloud-based community management platform company, providing Artificial Intelligence and End-to End Sales Automation for US Broadcasters.

SureWaves MediaTech, Inc. was audited by Prescient Assurance, a leader in security and compliance attestation for B2B, SaaS companies worldwide. Prescient Assurance is a registered public accounting in the US and Canada and provides risk management and assurance services which includes but is not limited to SOC 2, PCI, ISO, NIST, GDPR, CCPA, HIPAA, and CSA STAR.

An unqualified opinion on a SOC 2 Type II audit report demonstrates to SureWaves MediaTech, Inc.'s current and future customers that they manage their data with the highest standard of security and compliance.

To experience an ANNA Platform Demonstration, please contact SureWaves at AnnaWorld@surewaves.com.

About SureWaves

SureWaves is a TV Ad Tech pioneer leading the global transformation in linear TV buying and selling with 50+ technology patents. SureWaves technology powers the sales and ad-ops for ‘Spot TV' in India comprising of 500+ local TV channels. The next generation SureWaves technology leverages AI, Robotics and Data Science to usher in an end-to-end sales automation for broadcast TV in US.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Thu, 22 Sep 2022 01:41:00 -0500 text/html https://www.benzinga.com/pressreleases/22/09/b28964930/surewaves-achieves-soc-2-type-ii-compliance-with-aicpa
Killexams : Prancer Enterprise has achieved SOC 2 Type I compliance in accordance with American Institute of Certified Public Accountants (AICPA) standards

The MarketWatch News Department was not involved in the creation of this content.

Prancer Enterprise has achieved SOC 2 Type I compliance in accordance with American Institute of Certified Public Accountants (AICPA) standards

Oct 05, 2022 (PRNewswire via COMTEX) -- PR Newswire

SAN DIEGO, Calif., Oct. 5, 2022

Prancer Enterprise announced today that it has achieved SOC 2 Type I compliance in accordance with American Institute of Certified Public Accountants (AICPA) standards for SOC for Service Organizations also known as SSAE 18.

SAN DIEGO, Calif., Oct. 5, 2022 /PRNewswire-PRWeb/ -- Prancer Enterprise, a visionary cloud security startup specializing in offensive and defensive security tools, has successfully undergone an audit process and earned its System and Organization Controls (SOC) 2 Type 1 Attestation.

This certification is a key requirement for companies that handle sensitive customer data and validates that Prancer Enterprise has the necessary controls to protect data privacy and security. The SOC 2 Type 1 Attestation report was prepared by an independent certified public accounting firm and reviewed by the American Institute of Certified Public Accountants (AICPA). SOC 2 Type 1 is considered the gold standard for data security and provides companies with the assurance that Journey complies with stringent industry security standards.

The auditing process included an in-depth review of company policies and procedures for data handling, tests of the organization's security controls, employee interviews, a walkthrough of the office, and a guided overview of the data center spaces. This audit ensures that service providers securely manage data to protect the organization's interests and clients' privacy. SOC 2 Type 1 compliance is necessary internally and externally for security-conscious businesses.

"Prancer is committed to providing a secure platform for its customers," said Farshid Mahdavipour, CEO of Prancer. "Achieving SOC 2 Type 1 compliance demonstrates our dedication to meet the highest standards of security, availability, processing integrity, confidentiality, and privacy of our customer's data."

Prancer Enterprise is committed to protecting its clients' data and providing the highest level of security. The SOC 2 Type 1 Attestation is a demonstration of this commitment, and Prancer will continue to invest in security controls to maintain this certification. Prancer Enterprise's SOC 2 Type 1 Attestation is available to customers upon request. Please contact us for more information about Prancer Enterprise's SOC 2 Type 1 Attestation.

About Prancer
Prancer is the industry's first cloud-native, self-service SAAS platform for automated security validation and penetration testing in the cloud. Prancer provides a comprehensive suite of Code security and penetration testing as code (PAC) solutions to enable shift-left approaches to implement preventative controls and offensive security testing mechanisms. Prancer Cloud Security Solution allows you to rapidly validate at the scale your cloud applications against ever-growing, sophisticated purpose-built cyber threats. The results of implementing Prancer are 1.)faster release cycles, 2.)higher reduction of false-positive findings, and 3.)greater overall cost savings for both security and engineering teams. For more information, visit https://www.prancer.io

Media Contact

Paris Samani, Prancer Enterprise, 4246664586, info@prancer.io

Twitter

SOURCE Prancer Enterprise

COMTEX_415961183/2454/2022-10-05T08:00:40

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

Copyright (C) 2022 PR Newswire. All rights reserved

The MarketWatch News Department was not involved in the creation of this content.

Tue, 04 Oct 2022 20:00:00 -0500 en-US text/html https://www.marketwatch.com/press-release/prancer-enterprise-has-achieved-soc-2-type-i-compliance-in-accordance-with-american-institute-of-certified-public-accountants-aicpa-standards-2022-10-05
Killexams : What Is Emotional Self-Regulation and How Do You Develop It?

Most people have said or done something at some point in their lives that they wish they could take back. The ability to think before you act is an important part of emotional self-regulation.

Emotional self-regulation is a learned skill that becomes easier with age. However, its roots form during childhood.

Read on to learn more about emotional self-regulation and tips you can use to help achieve it.

Emotional self-regulation is the ability to modify or control your thoughts, emotions, actions, and words, explains a 2022 research review. Self-regulating your emotional state can stop you from saying or doing things that might hurt others or yourself.

Impulsive behaviors can significantly damage personal and professional relationships. Emotional self-regulation lets you pause before you do or say something harmful that may stop you from achieving short or long-term goals.

Emotional self-regulation requires self-control, but it’s much more than simple self-policing. It also includes the ability to reframe challenging or disappointing experiences in positive ways and to live in accordance with your core value system.

Emotional self-regulation is an important part of empathy. Regulating your feelings and reactions gives you time to listen and take other people’s feelings into account. It also helps you handle disappointment and react rationally to changes that are out of your control.

A child who is quick to throw things or has tantrums has not yet learned how to control their emotions. This can also be true of an aggressive teenager or impulsive young adult. The inability to harness the power of emotional self-regulation can result in negative coping mechanisms, such as substance misuse and other harmful behaviors.

In people of all ages, emotional self-regulation gives them the ability to calmly resolve conflict in a rational manner.

Emotional self-regulation doesn’t get rid of anger, sadness, or disappointment. Rather, it provides a framework for dealing with those emotions. It also stops you from making things worse by reacting recklessly or impulsively to situations you can’t control.

In this way, it supports emotional well-being, calmness, and serenity.

Emotional self-regulation is a skill that improves over time with practice.

Children start to acquire this skill through their interactions with other children and their caregivers. Learning emotional regulation helps pave the way for children to become productive, connected adults.

But this process doesn’t happen overnight. Things like trauma, neglect, isolation, or stress can delay it further.

The pre-frontal cortex is the part of the brain that controls regulatory behaviors like impulse control, reactivity, and flexibility. It develops primarily during adolescence and fully matures when you are around 25 years old.

So, though children start to use emotional self-regulation at a young age, they spend many years subconsciously attempting to master it. Of course, even adults have trouble with self-regulatory behaviors sometimes.

Extreme stress and overwhelming emotion can get in the way of emotional self-regulation, making it especially difficult to maintain.

Many parents and caregivers have expressed concern about the effect of isolation on their children during the COVID-19 pandemic.

A 2022 study noted a reduction in emotional self-regulation skills caused by heightened anxiety in parents — but not in children — during this time.

Possibly, the comfort of parental care helped shield children from the effects of isolation. Parents and caregivers, on the other hand, had no way to block the stresses of money woes, confinement, and fear of contracting the virus.

It may take years to fully understand the pandemic’s full effects on the emotional health of both children and adults.

A 2017 study listed three daily strategies that people use to maintain emotional well-being, with varying results:

Mindfulness

Mindfulness is a technique used during meditation. It refers to the practice of focusing your attention on the now, rather than on the past or future. It is a gentle strategy that enables your brain to let go of worry, guilt, and anxiety.

A 2022 study found that practicing mindfulness as an emotional self-regulation technique reduced feelings of loneliness in older adults. It also helped boost their immune systems.

Cognitive reappraisal

Cognitive reappraisal is also referred to as cognitive reevaluation. This emotional self-regulation strategy is the ability to change the way you think about and react to a potentially triggering situation.

Changing how you interpret stressful occurrences has been shown to reduce stress and increase positive feelings.

A 2020 study looking at burnout syndrome in health professionals found that cognitive reevaluation was linked to higher feelings of personal accomplishment and lower burnout than emotion suppression, which we discuss below.

Emotion suppression

Emotional suppression tamps down your emotions but doesn’t shift them. It postpones feeling them, which causes them to fester and grow. This self-regulation technique doesn’t alter your emotional state. It merely stops you from expressing how you feel to others.

Emotion suppression can be helpful for the de-escalation of potentially challenging situations. However, it won’t Strengthen emotional self-regulation long term.

It may also cause or worsen depression. Depression is an emotion dysregulation disorder that adversely affects your quality of life and ability to employ social skills effectively.

You can strengthen and bolster emotional self-regulation through self-awareness and daily practice. These tips may help:

  • Get enough sleep: It’s easier to “fly off the handle” when you’re exhausted. Reducing insomnia by practicing good sleep hygiene can help.
  • Eat well: You may have heard the expression “hangry,” which combines the words “hungry” and “angry.” Eating nutritious food at regular intervals can help you avoid hunger. Being hungry can make you irritable and quicker to anger.
  • Exercise: Physical activity has many benefits, including that it can help reduce anxiety. This may help you cope more effectively with stressful situations.
  • Meditation: Practicing mindfulness through meditation can help increase coping skills and have other positive effects on your health.
  • Practice pausing: If someone says or does something upsetting, take several deep breaths before you automatically respond. This can help de-escalate situations that may become damaging or dangerous. One way to do this is to let go of the desire to “win” every encounter or argument.
  • Acknowledge your emotions: If you’re having trouble coping or are dealing with feelings such as depression, anxiety, and loneliness, consider talking with a therapist. You can also try at-home strategies such as journaling or talking with a trusted friend.

Emotional self-regulation gives you the ability to think before you act. It also enables you to view situations in a more positive way.

Acquiring emotional self-regulation takes practice. Strategies such as mindfulness, getting enough sleep, and exercising may help.

If you’re having trouble managing your emotions or anger, consulting a therapist may also be beneficial.

Fri, 30 Sep 2022 05:45:00 -0500 en text/html https://www.healthline.com/health/emotional-self-regulation
Killexams : AICPA receives a $120K grant for Maryland apprentices

The American Institute of CPAs received a $120,000 grant from the Maryland Department of Labor to expand its Registered Apprenticeship for Finance Business Partners in the state.

More than 12,000 apprentices are registered in the state's apprenticeship and training program, and the funds will be used to cover the training of 25 new apprentices at a  minimum. The program provides a new point of entry for aspiring professionals in finance or accounting as well as talent retention and diversification for employers. 

"Since day one, Governor [Larry] Hogan has been focused on utilizing common sense solutions to grow and expand economic opportunities for all Marylanders," said Maryland Secretary of Labor Tiffany Robinson in a statement. "His steadfast support for Registered Apprenticeship has allowed Maryland labor to not only grow the number of apprentices in our state to a historic level, but also to grow and diversify the industries and occupations that are served by our successful apprenticeship system. Our partnership with the AICPA is a continued step in the right direction."

Through the apprenticeship, candidates will gain access to paid job training, on-site mentorship and possible financial incentives to reduce company expenses. Registered apprentices can also access online learning via the AICPA's CGMA Finance Leadership Program. 

"The battle for talent is increasing, making the need for more skilled accounting and finance talent even more pressing," said Tom Hood, executive vice president of business engagement and growth at the AICPA, in a statement. "Our apprenticeship combines a world-class learning program with mentorship and on-the-job training, which helps employers recruit and grow their own, providing the kind of workplace the 21st-century workforce expects — diverse, inclusive, collaborative and innovative."

The first of its kind for accounting and finance, the AICPA's apprenticeship program is a flexible, skills-based initiative that is available to new hires, incumbent employees as well as those seeking an associate or bachelor's degree. 

"Apprenticeships offer an opportunity to 'earn while you learn,' meaning that employees study the CGMA Finance Leadership Program and receive on-the-job training while also earning a living," said Joanne Fiore, vice president of pipeline and apprenticeships of CGMA Americas at the AICPA association, in a press release. "And apprenticeships help build a more inclusive accounting and finance team by widening the aperture of candidates to consider. Not every candidate has to have all the skills, experience and education up front, because the apprenticeship provides the opportunity to gain them." 

Maryland is the first state in which the AICPA has registered its apprenticeship and the organization has partnered with the Maryland Association of CPAs to promote the program and expand it across the state. 

"This apprenticeship is an exciting partnership with the AICPA and the state of Maryland to support more Marylanders, both those seeking to enter the accounting and finance profession and those businesses in need of more talent in this critical area," said MACPA CEO Rebekah Brown in a statement.

Senior Reporter, Accounting Today

Thu, 22 Sep 2022 01:11:00 -0500 en text/html https://www.accountingtoday.com/news/aicpa-receives-a-120k-grant-for-maryland-apprentices
Killexams : As crypto regulation looms ahead, here are the bills to look out for

Regulation around crypto is far from final in the U.S., and some would argue that the path is just being paved. As crypto-focused bills are being introduced to Congress, there are a few the industry and regulators should keep an eye on, according to a new report by Prime Trust.

To date, Congress has introduced over 50 bills related to digital assets, blockchain technology and other policies within the crypto sector. But of those, three stand out: The Digital Commodity Exchange Act of 2022, the Lummis-Gillibrand Responsible Financial Innovation Act and The Digital Commodities Consumer Protection Act of 2022, the report stated.

The common mantra within the industry is ‘regulatory clarity.’ Jeremy Sheridan, VP of regulatory affairs, Prime Trust

“Based on industry discussions, those three seemed to have the most legislative momentum and were the most comprehensive,” Jeremy Sheridan, VP of regulatory affairs at Prime Trust, told TechCrunch.

While all three bills are different, each aims to have the Commodity Futures Trading Commission (CFTC) as the main regulator and overseer for cryptocurrencies, unless they are defined as securities, in which case they would remain under the purview of the U.S. Securities and Exchange Commission (SEC).

“Just having that primary regulator is really important,” Sheridan said. “It starts establishing the roles of the road.”

The CFTC and the SEC’s roles around cryptocurrency regulation have been somewhat blurred, as both organizations have tried to get involved, but each of these bills aim to provide greater clarity on that front, in addition to other areas.

Tue, 11 Oct 2022 03:26:00 -0500 en-US text/html https://techcrunch.com/2022/10/11/as-crypto-regulation-looms-ahead-here-are-the-bills-to-look-out-for/
CPA-REG exam dump and training guide direct download
Training Exams List