Going Concern

OCTOBER 23, 2023

Article image obviously generated by AI. Reported by Bloomberg last week , PwC is putting AI to work. Officially. PricewaterhouseCoopers LLP has teamed up with ChatGPT owner OpenAI to offer clients advice generated by artificial intelligence as the Big Four audit firms look to cut costs and boost productivity. [emphasis ours] The accounting firm will use AI to consult on complex matters in tax, legal and human resources, such as carrying out due diligence on companies, identifying compliance is

Technology 122

Technology Legal New York audit 122

Accounting Today

OCTOBER 23, 2023

These are the bottom 20 states ranked by return on investment for taxpayers, based on quality of government services versus how much they cost.

Government 134

Government Tax 134

Airbase

OCTOBER 23, 2023

In the world of finance and procurement, accuracy and accountability are paramount. Every organization strives to maintain a meticulous record of its financial transactions while safeguarding itself against errors and fraud. Three-way match has long been an important control measure practiced by accountants to make sure that what was purchased, what was received, and what was paid are fully aligned.

accounts payable 130

accounts payable AP Automation Technology accounting and finance 130

Accounting Today

OCTOBER 23, 2023

The ethics of the profession and the trust they build with clients will protect accountants from outside competitors.

Account 134

Account accountant accounted accounting firms 134

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.

accountant

CPA Practice

OCTOBER 23, 2023

By Bob Haegele, Bankrate.com (via TNS). As inflation lingers, the Social Security Administration (SSA) is boosting its cost of living adjustment (COLA) for benefit checks in 2024. It’s just one of many changes announced by Social Security recently. More than 71 million people depend on one of Social Security’s benefit programs, so annual changes to the program and its payouts are always highly anticipated.

Start-ups 116

Start-ups Tax Account accountant 116

Accounting Today

OCTOBER 23, 2023

The Virginia Society of CPAs is partnering with 10 other state CPA groups to offer a course on artificial intelligence and where it fits in with accounting ethics.

CPA 130

CPA Virginia cpas Account 130

Accounting Today

OCTOBER 23, 2023

Lots of outsiders are disrupting accounting; it's time for accountants to disrupt back.

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Account accounted accountant accounting firms 130

Anders CPA

OCTOBER 23, 2023

Anders is proud to announce that Lesley Sanchez, CPA , Audit and Assurance partner, has been named a 2023 MOCPA Woman to Watch. The Missouri Society of Certified Public Accountants (MOCPA) and the American Institute of Certified Public Accountants (AICPA) have partnered to recognize and honor outstanding women in the accounting profession through the Women to Watch Awards since 2006.

Missouri 111

Missouri audit public accounting CPA 111

Accounting Today

OCTOBER 23, 2023

Bob Lewis of the Visionary Group examines the opportunities private equity firms are creating in accounting, what it will mean for your firm, and how it will play out in the future.

Account 124

Account accountant accounted 124

CPA Practice

OCTOBER 23, 2023

A new survey from Grant Thornton LLP, one of America’s largest audit, tax and advisory firms, revealed that chief financial officers (CFOs) are focused on profitability despite the uncertain interest rate outlook and global economy. The Q3 2023 CFO survey found 28% of CFOs are pessmistic about the economy, which represents a seven percentage-point increase since last quarter.

Technology 111

Technology Finance audit Tax 111

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

Finance

Insightful Accountant

OCTOBER 23, 2023

It's 'Top 100 Tuesday' and Murph wants to help tune you in to the various changes and enhancements to this year's 2024 ProAdvisor Awards. Remember, the start date is just around the corner.

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CPA Practice

OCTOBER 23, 2023

Accounting firms know that offering only tax preparation services makes maintaining consistent cash flow and workloads throughout the year challenging. During the busy season, you’re very busy and the cash flow is nice, but after that, things slow down considerably. Adding financial services to your accounting firm can help bridge the gap and allow you to have a consistent workload year-round.

accounting firms 105

accounting firms Account accounted accountant 105

Patriot Software

OCTOBER 23, 2023

Are you an Illinois employer? Do you provide paid time off (PTO) to your employees? Beginning in 2024, providing paid time off is no longer a choice—it’s a state mandate. In March 2023, Illinois Governor JB Pritzker signed SB208 into law, requiring Illinois paid leave.

Illinois 105

Illinois payroll 105

Insightful Accountant

OCTOBER 23, 2023

HubSync's John McGowan discusses the challenges for navigating legacy systems in the tax and accounting landscape—and where the solutions may be.

Account 98

Account accounted accountant Tax 98

Speaker: Mark Gilham, FCCA, CPP

Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.

Finance

Accounting Today

OCTOBER 23, 2023

The Top 40 Firm is expanding its presence in the Lone Star State by adding a firm based in San Antonio.

Texas 94

Texas 94

Withum

OCTOBER 23, 2023

Maintaining efficient inventory management and accurate financial reporting is paramount in today’s rapidly evolving business landscape. As businesses grow and expand, traditional inventory tracking methods such as spreadsheets and basic accounting software, often prove inadequate and lead to additional manual tasks or inaccurate data. This is where modern and efficient cloud Enterprise Resource Planning (ERP) solutions come into play, providing comprehensive tools and benefits that stream

NetSuite 75

NetSuite general ledger audit accounting and finance 75

Accounting Today

OCTOBER 23, 2023

The 15% global minimum tax on corporate profits is likely to generate only a fraction of the tax revenue expected, according to a new report.

Tax 80

Tax corporation tax 80

CPA Practice

OCTOBER 23, 2023

Top 40 accounting firm LBMC, which is based in Brentwood, TN, is merging in Louisville-based CPA firm Strothman & Co. on Nov. 1, expanding LBMC’s geographic footprint across multiple states. Financial terms of the deal were not disclosed. The Strothman & Co. transaction will add 60 professionals and brings LBMC to a total of five locations, with more than 850 team members, serving more than 11,000 clients across the nation.

Kentucky 59

Kentucky cpa firm CPA Indiana 59

Advertiser: Paycor

Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.

Accounting Today

OCTOBER 23, 2023

Buying a practice has many triggers that can be pushed to make something go wrong.

Account 78

Account accountant accounted 78

CPA Practice

OCTOBER 23, 2023

Vertex, Inc. has announced at its 2023 Vertex Exchange conference a partnership with Pagero, a global network leader for the exchange of invoices and other business documents. The partnership enables a seamless solution that allows businesses to ensure continuous indirect tax compliance and bring efficiencies to their invoicing lifecycle, all within a single cloud platform.

B2B 59

B2B Tax Technology Finance 59

Accounting Today

OCTOBER 23, 2023

Regulators are conducting tax audits and reviewing land use by Foxconn, the Taiwanese company that makes the vast majority of iPhones at factories in China.

audit 72

audit Tax 72

Canopy Accounting

OCTOBER 23, 2023

What's new: Within our custom reporting and dashboard tool (Insights), users can utilize natural language processing to create visualizations.

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Speaker: Cheryl J. Muldrew-McMurtry

Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.

Finance

CPA Practice

OCTOBER 23, 2023

A new report from the staff of the Public Company Accounting Oversight Board (PCAOB) reveals that 42% of firms the PCAOB inspected in 2022 had a quality control criticism related to engagement quality reviews (EQRs), up from 37% in 2020. The staff report, “ Inspection Observations Related to Engagement Quality Reviews(PDF) ,” focuses on the PCAOB-mandated EQR process, in which a reviewer who is not part of the engagement team evaluates significant judgments made by the audit engagement team.

audit 52

audit auditor Account accountant 52

Withum

OCTOBER 23, 2023

Ready to embrace the power of low-code/no-code solutions? Download Guide The Power Platform is a game-changer, but many enterprises face challenges in harnessing its full potential. IT departments struggle to initiate governance. Enterprise architects worry about the lack of oversight. Citizen Developers need structured support. Our new guide addresses these challenges and provides you with best-practice guidance to build your governance framework and roadmap.

Government 52

Government Gaming Start-ups 52

CPA Practice

OCTOBER 23, 2023

Accounting and payroll software maker IRIS Software Group , and QuickFee , a payments solution provider, have partnered to drive efficiency in critical business functions for accountants across the Americas. The partnership includes both QuickFee Connect and QuickFee Finance which provides e-invoicing and online payment options through integration with IRIS practice management solutions and a pay overtime option.

accounting firms 52

accounting firms Account accounted accountant 52

Going Concern

OCTOBER 23, 2023

Hey, it’s Monday. So here’s a few things going on in our corner of the world. Kelly and Marshall Goldsmith lie about why the best performers leave accounting firms in a Chief Executive article about the right way to lay people off : Go out of your way to communicate to your top performers that you value their work and want to keep them. A few years ago, we reviewed research from one of the world’s leading accounting firms.

Account 69

Account accounted accountant accounting and finance 69

Advertiser: Paycor

Before you can achieve success, you have to define it. Objectives and Key Results (OKRs) give you the framework to do just that. Paycor’s free guide includes a step-by-step process leaders can use to work toward – and achieve – their loftiest business goals.

CPA Practice

OCTOBER 23, 2023

Modern Treasury , a payments operating system, revealed today, has debuted new AI Reconciliation Suggestions tool it says will enhance reconciliation, increasing the efficiency of its platform and speed of cash reconciliation for customers. Deploying AI for specific use cases, especially those that involve massive data sets that machines are better equipped to parse than humans, will help Modern Treasury customers and their finance teams improve speed and efficiency to achieve business outcomes

Technology 52

Technology Gaming Finance Sales 52

CPA Practice

OCTOBER 23, 2023

Oracle NetSuite has announced a series of new product innovations to help organizations reduce costs and run more efficiently so they can grow their top and bottom lines. The latest NetSuite innovations include both traditional and generative AI-powered capabilities across the entire suite; new field service management and enterprise performance management (EPM) solutions; and new capabilities that help finance and customer experience professionals improve the speed and accuracy of business pro

NetSuite 45

NetSuite E-commerce accounting and finance Technology 45

CPA Practice

OCTOBER 23, 2023

Joshua Lance, founder and managing director of Chicago-based Lance CPA Group and a six-time “40 Under 40” honoree by CPA Practice Advisor , passed away on Oct 21. He was 40 years old. According to a Facebook post by his mom, Carole Lance, Josh was diagnosed with bile duct cancer last December. Carole posted on Facebook yesterday that Josh died early Saturday morning surrounded by loved ones.

CPA 126

CPA cpa firm Vermont Start-ups 126

CPA Practice

OCTOBER 23, 2023

The U.S. Department of the Treasury has released a report card detailing how the department’s implementation of federal investments in entrepreneurs and small businesses – including those in the American Rescue Plan – are sustaining the continued record growth in small business creation. These programs are key to the strategy to strengthen the small business creation by expanding access to capital and customers, and by providing entrepreneurs the resources they need to succeed.

Kansas 98

Kansas Michigan Manufacturing Vermont 98

Speaker: Frank Taliano

Documents are the backbone of enterprise operations, but they are also a common source of inefficiency. From buried insights to manual handoffs, document-based workflows can quietly stall decision-making and drain resources. For large, complex organizations, legacy systems and siloed processes create friction that AI is uniquely positioned to resolve.

Technology