⬇️ The Friday Lowdown ⬇️

If you’re new around here, every day I share the 5 best accounting insights I saw in the past 24 hours.

I scroll. so you don’t have to.

💎 WTF of the Day

ThedaCare’s $980K 401(k) Fee Fiasco

Here’s the scoop ThedaCare Inc a healthcare giant just agreed to pay nearly a million bucks to settle a lawsuit over high fees in its retirement plan, employees accused ThedaCare of mismanaging their 401k by allowing excessive fees which ate into their hard earned retirement savings In simple terms they felt ripped off and it turns out they had a case

The company decided to settle for $980,000 rather than fight it out in court This move is a reminder for businesses that employees are watching and they want fair management of their retirement funds Another day another lesson in accountability and a big check to go with it

💎 What’s poppin in accounting

PCAOB’s New Rulebook to Keep Companies in Check

The PCAOB just dropped a fresh playbook, and it’s set to shake things up in the audit world. Here’s the gist: they’re cracking down on fraud, tightening rules around company transparency, and pushing auditors to verify that businesses aren’t bluffing about staying in business. They’re also updating standards for risk assessments and ethics, aiming to give investors a fairer shot.

Source: CPA Practice Advisor

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📊 Weekly Trend Chart

Home buying Hits a New High… in Age

The average age of first time homebuyers in the U.S. is now officially the highest in recorded history. Blame it on skyrocketing home prices, relentless student debt, and banks getting stingy with loans. 

Millennials and Gen Z are finding themselves waiting longer (and saving way more) just to get a foot in the door, literally. 

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