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KROST Industry Magazine: The Sports & Entertainment, Vol. 5 Issue 2, is Now Available!

KROST

The Sports & Entertainment Issue highlights some of the hot topics in the sports & entertainment industry including tax issues for athletes, estate & trust planning, Client Accounting Services, and more. The post KROST Industry Magazine: The Sports & Entertainment, Vol. 5 Issue 2, is Now Available!

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Our Obsession with Hours Is Destroying the Accounting Profession

CPA Practice

CPAs have always been passionate about numbers, using various metrics such as revenue, profit, headcount and realization to measure success. However, this focus on numerical indicators is contributing to the decline of the CPA profession itself. A talent shortage is affecting accounting firms across the demographic spectrum.

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Episode 068: A conversation with Allan Koltin

BuildYourFirm

Previously he was recognized by the Illinois CPA Society with the Distinguished Service Award for outstanding service and commitment to the profession. Koltin is the author-editor of three books for professional services firms: CPA Firm Merger Strategies That Work, CPAs That Sell and the AICPA’s Marketing a Consulting Niche.

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Keeping Them

RitaKeller

Young people hear applause when they take their first step, when they play soccer, when they perform ballet, when they are in marching band or sports or drama club. Then they enter an accounting firm and they hear silence. Take 3 minutes and watch this video I did several years ago.

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Keep Your Eye On The Ball

RitaKeller

Today’s title applies to several sports. It also applies to partners (especially the managing partner) in accounting firms. Managing an accounting firm requires you to keep your “eye on the ball” throughout the year, not just during busy season. You expect the firm to run smoothly without you.

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Friday Footnotes: How Are Firms Actually Using Data Analytics?; KPMG and BDO on the Move | 9.15.23

Going Concern

A number of accounting firms,1 public companies, professional membership associations and other key stakeholders raised concerns. In addition, in a rare occurrence, PCAOB board members Christina Ho and Duane DesParte — the only two certified public accountants on the board — issued public dissents when the PCAOB issued the proposal.

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Friday Footnotes: Tim Ryan Is Leaving PwC; Ditch the Deloitte Polo; KPMG Gung-Ho on RTO? | 10.13.23

Going Concern

Audit regulator says accounting firms still falling short [ The Globe and Mail ] One of Canada’s Big Four auditing firms has a significant number of problems in its work for the second consecutive year, the national industry regulator has found. You need to become aware of everything that needs to (or ought to) be done.

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