CPAs can help employers, clients navigate worldwide economic crisis.

Many economists say the United States is experiencing its worst financial period since the Great Depression. And we are not alone. Governments across the globe are infusing capital into their major banks to stabilize them. The Asian and European markets have largely been declining with only small gains. Iceland essentially went bankrupt. The end result: Retirement accounts, college funds and stock portfolios have lost up to 40% of their value compared to a year ago.

CPAs can play an important role in helping employers, clients, friends and family navigate the challenging economy. It is important to stay informed of developments, which are occurring virtually on a daily basis. Be sure to continually check AICPA communications, including the newly revamped online Journal of Accountancy, CPA Letter Daily, the weekly AICPA News Update email and our Web site homepage. These news vehicles will keep you apprised of new proposals, emerging trends, legislative and regulatory activities, and rescue...