Going Concern
MAY 2, 2023
It’s funny, I was just talking about this yesterday to a state society leader, how there’s been talk in recent weeks that outsourcing and automation have reduced the “skills gauntlet” interns and new hires go through to learn the tedious details which in turn is making a crop of staff and associates who feel almost left behind compared to their older peers.
Airbase
MAY 2, 2023
If you’re like most finance professionals right now, you’re keeping a close eye on spending. But at the same time, you’re aware of research that shows companies that invest in technology to improve efficiency and productivity are more likely to survive economic downturns. You’re also busy adjusting budgets and forecasts in response to ever-changing market conditions.
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TaxConnex
MAY 2, 2023
Alaska Gov. Mike Dunleavy is reportedly preparing to introduce a sales tax as part of a long-term budget plan for the state. Five states don’t have a statewide sales tax: New Hampshire, Oregon, Montana, Alaska and Delaware (aka the “NOMAD” states). Vermont was the last state to adopt a sales tax, in 1969. Alaska is furthest along of the five in instituting a statewide sale tax.
CPA Practice
MAY 2, 2023
By Michael Grothaus, Fast Company (TNS) The World Economic Forum (WEF) has released its annual Future of Jobs Report for 2023 and it makes for some interesting reading, not only for employers but for younger people who have yet to decide upon a career path. One of the most interesting parts of the report looks at the jobs market outlook for the next five years (2023-2027).
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Withum
MAY 2, 2023
Implementing an ERP system requires a cross-functional team of individuals with diverse skill sets, including business process experts, project managers, IT professionals, and end-users. Each team member brings unique perspectives, experiences, and expertise to the table, which helps avoid ERP implementation failure and ensures the deployment is successful.
CPA Practice
MAY 2, 2023
There is a brand-new section that debuted today in PCAOB inspection reports of audit firms, and it is devoted to auditor independence. “We are committed to making our inspection reports as valuable as possible for investors, audit committees, and others, and today we take another significant step in advancing that goal by shining a greater light on independence violations and more,” PCAOB Chair Erica Williams said in a written statement.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
CPA Practice
MAY 2, 2023
Tax Representation Network (TRN) is excited to announce that it is presenting The Practitioner’s Advisory Summit Virtual Conference on June 14, 2023. The conference is co-hosted by Eric Green, attorney and founder of Tax Rep Network and Dawn Brolin, CPA, CFE, CEO of Powerful Accounting, LLC. The conference is exclusively sponsored by Intuit with an agenda that provides a practical roadmap for accountants, tax professionals, and bookkeepers to establish and create a successful advisory practice.
Insightful Accountant
MAY 2, 2023
In today's business landscape, being a thought leader is everything. Otter PR's Amanda Reseburg spins you through some of the fine points of honing your content writing craft.
Basis 365
MAY 2, 2023
Managing the financials of your Amazon eCommerce business can be complex and time-consuming. As your business grows, it becomes even more critical to have accurate bookkeeping to comply with Amazon's accounting requirements and make informed business decisions. Outsourcing your bookkeeping to a specialized service can save you time, reduce the risk of errors, and provide valuable financial insights.
Cherry Bekaert
MAY 2, 2023
Oh No, We Messed Up! Beware of State Laws in Government Procurement Contributors: Susan Moser | Partner, Government Contractor Industry Leader John Ford | Senior Consultant, Government Contracting Industry Practice A recent decision by the Small Business Administration’s (SBA) Office of Hearings and Appeals (OHA) shows why government contractors contemplating forming a joint venture should get competent advice from a knowledgeable government contracting consultant or attorney before doing so.
Speaker: James Kahler, COO of Full Course
Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.
Withum
MAY 2, 2023
On April 26, 2023, FinCEN (Financial Crimes Enforcement Network) enacted its first enforcement action against a trust company. In this case, The Kingdom Trust Company (Kingdom Trust) was fined a $1.5 Million Civil Money Penalty due to BSA (Bank Secrecy Act) violations and regulation deficiencies. The Consent Order’s execution assured FinCEN’s position toward trust companies and the magnitude of the importance of having a proper compliance program in place: [ 1 ] This enforcement action is an imp
CPA Practice
MAY 2, 2023
By Paula Laurenti, Key Accounts Manager at SAPRO. The U.S. accounting profession is facing a severe shortage of certified accountants. Projections indicate that demand for accountants and auditors will increase by 13% between 2021 and 2031, with an estimated 136,400 job openings between 2021 and 2023. This shortage of qualified professionals has led to a lack of expertise, lower productivity, and increased workload for existing staff.
KROST
MAY 2, 2023
Los Angeles, CA – The Los Angeles Business Journal has recognized KROST’s Assurance & Advisory Principal, Keith Hamasaki, CPA, as a Leader of Influence: Minority CPA. The award acknowledges the works and accomplishments of local accountants throughout the span of their careers. Los Angeles is one of the leading cities where diversity is high, especially Read the full article.
CPA Practice
MAY 2, 2023
The Financial Accounting Standards Board (FASB) recently updated guidance for applying the lease accounting standard to arrangements between entities under common control. During the FASB’s post-implementation review of Topic 842, Leases , the board heard concerns from private company stakeholders about how to apply Topic 842 to related party arrangements between entities under common control.
Speaker: Jamie Eagan
As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of
Cherry Bekaert
MAY 2, 2023
The last 24 months of dramatic change driven by the global COVID-19 pandemic has placed a spotlight on key business outcomes and accelerated digital transformation in law firms. Each of these outcomes, coupled with how people and processes can be empowered digitally through the application of technologies, will be explored in this five-part series for firms.
CPA Practice
MAY 2, 2023
Karbon has launched Karbon AI, a GPT-powered artificial intelligence tool embedded within the industry-leading accounting practice management software used by over 3,000 accounting firms globally. Karbon AI will initially have a beta release before being made available to all customers. Karbon AI will initially focus on making accountants more efficient with their email while improving the client experience they offer.
Withum
MAY 2, 2023
Drive the complexity and cost out of ASC 606 compliance. Download White Paper Are you struggling with the complexities of revenue recognition standards like ASC 606? Have you found that managing revenue recognition with basic accounting systems and spreadsheets is a repetitive, time-consuming, and error-prone process? Revenue recognition software would be the first place to look to alleviate the process.
CPA Practice
MAY 2, 2023
The New Jersey Society of Certified Public Accountants (NJCPA) has named Aiysha (AJ) Johnson its next CEO and executive director. She will replace Ralph Albert Thomas, CPA (DC), CGMA, who is retiring June 30 after more than 23 years leading the organization. Johnson will bring a wealth of association management experience to the NJCPA as she transitions from her role as executive director of BKR International’s Americas Region where she was responsible for overseeing the implementation of all st
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Global economies are reeling from recent upheavals—pandemic aftershocks, geopolitical conflicts, and a tech sector crunch. Mark Zuckerberg's 2023 "Year of Efficiency" ethos extends into 2024, with leaders seeking cost reductions without stunting growth. No-code technology emerges as a beacon of hope, fostering resilience and adaptability. Platforms like Make.com and Zapier empower even non-technical staff to automate and innovate, freeing IT for strategic tasks.
Insightful Accountant
MAY 2, 2023
The May 2023 'Future Forward Virtual Event' kicks off with Insightful Accountant contributors Liz Scott and Esther Friedberg Karp discussing the newest features within the QBO's ecosystem.
Cherry Bekaert
MAY 2, 2023
Now more than ever, a thorough understanding of your organization’s data is critical to making informed decisions and remaining aligned with your organization’s mission. Join us as we discuss how not-for-profit finance leaders can use accounting transformation to utilize multiple data types to effectively run their organizations. We will review the importance of connecting your financial data and non-financial data and discuss the benefits of designing your chart of accounts for specific reporti
Accounting Insight
MAY 2, 2023
Our latest salary survey of over 1,300 finance and accounting professionals revealed the latest trends in salaries, bonuses, and newfound employee expectations. With 60% of our audience receiving a pay rise, 51% a bonus, and hybrid working becoming a new norm, 2023 presents a year of healthy wages, bonus opportunities and increased flexibility in the workplace.
CPA Practice
MAY 2, 2023
The Bonadio Group , a nationally ranked Top 50 CPA firm and the largest independent provider of professional services in Upstate New York, has announced the appointment of Michael (Mike) Parrinello as Chief Growth Officer and Kristen Clark as Chief Risk Officer, along with over a dozen additional appointments of industry veterans into key strategic leadership roles.
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Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.
ThomsonReuters
MAY 2, 2023
In the first blog in this series, we looked at the identification and assessment of risks of material misstatement. In this second post, we’ll dig into ensuring audit quality. Specifically, we’ll look at the need for auditors to maintain professional skepticism and document their work thoroughly to improve audit effectiveness and efficiency.
CPA Practice
MAY 2, 2023
AICPA News is a round-up of recent announcements from the American Institute of CPAs. IRS Incorporates AICPA Recommendations in Strategic Operating Plan The IRS recently released a blueprint for the 10-year, $80 billion it was allocated under the Inflation Reduction Act. The spending plan includes goals and timetables covering areas such as operations support, enforcement, taxpayer services and IT modernization.
Withum
MAY 2, 2023
On April 26, 2023, FinCEN (Financial Crimes Enforcement Network) enacted its first enforcement action against The Kingdom Trust Company (Kingdom Trust) for a Civil Money Penalty due to BSA (Bank Secrecy Act) violations and regulation deficiencies. The Consent Order assured FinCEN’s position toward trust companies and the magnitude of the importance of having a proper compliance program in place: [ 1 ] This enforcement action is an important statement that we will not tolerate trust companies wit
CPA Practice
MAY 2, 2023
The Accounting Cornerstone Foundation (ACF) is thrilled to announce the launch of their scholarship application, which provides aspiring accountants and bookkeepers with the opportunity to attend their first professional accounting conference and have life-changing experiences in the accounting and bookkeeping community. The ACF is a non-profit organization dedicated to supporting individuals with in-person education to provide personal growth and opportunities in the accounting and bookkeeping
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DMCL
MAY 2, 2023
Array , a full-service marketing agency, has been awarded gold in the prestigious MUSE Creative Awards for their innovative work redesigning dmcl.ca. When it comes to websites that are difficult to comprehend and challenging to navigate, the accounting industry is among the worst offenders. Array broke the mold and modernized our website with an interactive web design that trades corporate suits and ties for DMCL’s brand full of personality.
CPA Practice
MAY 2, 2023
BDO USA, LLP, one of the nation’s leading accounting and advisory firms, has released its first sustainability report , reflecting progress made and initiatives undertaken in fiscal year 2022 (May 1, 2021 – April 30, 2022). This report highlights BDO’s commitment to sustainability and ESG and details the actions the firm is taking to continuously evolve its business to be more responsible and resilient.
Accounting Insight
MAY 2, 2023
Introducing Jo Wood FICB PM.Dip, a Business Coach and Bookkeeper and Zoe Whitman FCCA, a Business Coach and Accountant. 1. How did you get into the profession: Zoe : I’ve been an accountant for ever. I started my ACCA training at 19 in my first “proper” job as a trainee accountant in local government. Becoming an accountant gave me opportunities I simply couldn’t have expected from my background.
FraudFiles
MAY 2, 2023
Below is a clip of a portion of a video I did on accounting services in divorce and family law cases. I discuss the work that a CPA can do in divorce cases.
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