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In the blogs: Here to stay

Accounting Today

When updating partner compensation systems at accounting firms, how to make real change. AICPA & CIMA Insights ( [link] ): Congratulations to Chi Lam, CPA, MBA, a Ph.D. student in accounting at Louisiana State University and the first recipient of the Barry C. Melancon Professional Accounting Research Fellowship.

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Mutual Fund Buy-Sell Tax Pitfalls

RogerRossmeisl

Surprise sales You may already have made taxable “sales” of part of your mutual fund investment without knowing it. One way this can happen is if your mutual fund allows you to write checks against your fund investment. The post Mutual Fund Buy-Sell Tax Pitfalls appeared first on Roger Rossmeisl, CPA.

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New Survey Sentiments from Fund Accountants May Indicate Bellwether Industry Shifts

CPA Practice

Seven in ten fund accountants surveyed identified the adoption of automation and AI as the most pressing industry trend for 2025. Notably, 61% agreed that these technologies will play a major role in fund accounting.

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Top Remote Accountants of the Week | July 25, 2024

Going Concern

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Attention, Soon-to-be-Accountants: Governments Need You

CPA Practice

Professional association leaders warn that accounting staff shortages are popping up nationwide, impairing financial reporting at the same time that Congress has been pushing for more transparency in financial data , which will require even more staff work. CPA-credentialed city and county controllers and CFOs can and should do the same.

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Top Pension Funds Saw Largest Fall in Assets in 20 Years

CPA Practice

In 2022, sovereign and public sector pension funds accounted for 152 funds in the top 300, representing 70.9% Sovereign pension funds accounted for $6.2 trillion in assets, while sovereign wealth funds totaled $11.6 Sovereign wealth funds’ assets grew by 13.9% The top 20 funds accounted for 41.5%

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Top Remote Accountants of the Week | August 22, 2024

Going Concern

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