Accounting Today

NOVEMBER 22, 2024

Audit and finance skills are heavily in demand on corporate boards, according to a survey by BDO.

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Shay CPA

FEBRUARY 19, 2025

Enter: a financial audit. This tool gives you a way to validate that your company is following proper accounting practices and that your books are accurate. Thats not to say that audits arent burdensome. Thats not to say that audits arent burdensome. And this isnt just an audit-specific to-do. As of 2022, all U.S.

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Going Concern

OCTOBER 18, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. Firm Watch Accountancy firm BDO fined €1.3 BDO is going to appeal the decision.

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TaxConnex

JANUARY 16, 2025

for most of this year, unemployment among accountants has historically been less than half of that. More than a third of respondents (35%) added that the major reason theyre unsatisfied with how they handle sales tax is lack of internal expertise (their biggest subsequent worry: lack of preparedness for a sales tax audit).

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CPA Practice

FEBRUARY 23, 2023

What is the fastest-growing challenge facing accounting firms and internal audit departments today? More than 90% point to hiring and retaining skilled accountants and auditors. Responses were gathered from more than 4,100 accountants and 2,300 auditors. Some are even turning away business due to a shortage of staff.

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Acterys

DECEMBER 20, 2023

Accounting firms provide financial management services to businesses, including advisory services, bookkeeping, tax preparation, and auditing. Finance transformation builds on larger digital trends inside businesses. For many accounting firms, there remains the opportunity to improve speed, efficiency, and quality.

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Going Concern

NOVEMBER 4, 2024

HR Dive discusses the recent CPE situation at EY : A recent scandal involving online training at Ernst & Young has pulled back the curtain on the time and ethical pressures accountants and finance teams are under to balance the demands of client work with ongoing professional training requirements. Should that be allowed?

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CPA Practice

NOVEMBER 12, 2024

This webinar will be held on Thursday, December 12, 2024 at 12:00pm ET Sponsor: Avalara Duration: 1 Hour Register Now This webinar is designed for accountants using QuickBooks, Xero, or similar accounting software. He also co-founded Acuity Invests, which invests in accounting tech, SaaS, fintech, and crypto companies.

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CPA Practice

NOVEMBER 19, 2024

If you’re planning a career in the world of accounting or finance, two distinctions have the branding impact and bench strength you need. Invest your time and effort into stacking the Certified Public Accountant (CPA) and Certified Management Accountant (CMA) letters behind your name. By Monte Swain, PhD, CMA, CPA, CGMA.

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CPA Practice

NOVEMBER 11, 2024

This webinar will be held on Tuesday, December 3, 2024 at 1:00pm ET Sponsor: Avalara Duration: 1 Hour Register Now We’ll demonstrate how automation integrates with popular accounting platforms to save time, reduce risk, and enhance efficiency. Plus, earn free CPE credit! Join us for best practices and a live demo.

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CPA Practice

NOVEMBER 27, 2024

The field of public accounting is undergoing significant change, from rapid advancements in technology to evolving client expectations, including increasing demand for strategic advisory services. Research for the 2025 Salary Guide From Robert Half found that 85% of finance and accounting managers in the U.S. By Steve Saah.

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Accounting Insight

DECEMBER 18, 2024

Why accurate, connected financial data drives business success The growing importance of data confidence in finance Accurate, real-time financial data has become essential to making sound decisions and driving strategic growth in the economic landscape of 2024. Whats more, they can also result in reputational damage.

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Acterys

JANUARY 8, 2025

Modern solutions are designed to help finance teams address the challenges of scale and complexity by streamlining financial workflows, minimizing risks, and providing timely, reliable insights. Here are five trends we see specifically impacting tools and capabilities to create barriers for finance teams.

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CPA Practice

OCTOBER 22, 2024

Grant Thornton, a provider of end-to-end audit, assurance, tax and advisory services, has appointed Greg Davis to lead the firm’s Workday practice. Since 2019, Grant Thornton has teamed up with Workday , a leader in enterprise cloud applications for finance and human resources.

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DuctTapeMarketing

JULY 14, 2018

 Services Online Audit. Small Business Finances. Cloud-based accounting software can provide a whole suite of tools to help business owners get ahead. Handle payments and manage accounts payable. If you liked this post, check out our Guide to Managing Your Small Business Finances. Strategy First.

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Withum

DECEMBER 18, 2024

Finance teams planning for their year-end financial statement audit have an even longer list of things to think about at the end of the year, including income statements, balance sheets, and, finally, the income tax provisions and disclosures that must be presented in the financial statements.

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Accounting Insight

JANUARY 20, 2025

Modernising finance isnt just a matter of convenience, its a lifeline for ensuring organisations continue to serve their communities and audiences for generations to come. Tasks such as matching invoices with purchase orders, or manually entering data often leaves finance teams bogged down in slow, error-prone practices.

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CPA Practice

SEPTEMBER 25, 2023

AICPA & CIMA, which together form the Association of International Certified Professional Accountants, are rolling out Career Launchpad , an artificial intelligence-guided program for students interested in accounting and finance.

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Airbase

JANUARY 31, 2023

Kelly Hicks and Robin Sharma share advice after Airbase successfully completes its first external audit. Few milestones in a company’s lifecycle demand a more focused response from finance and accounting than the first external audit. When is the right time for a company’s first audit?

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Going Concern

NOVEMBER 16, 2023

The Financial Education & Research Foundation (FERF) has released the findings of its 14th Annual Public Company Audit Fee Study , sponsored by Center for Audit Quality. The report is based on responses from 54 financial executives at public companies and an additional survey of 116 audit engagement partners.

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Basis 365

JANUARY 26, 2025

Managing business finances can be overwhelming for many entrepreneurs and small to medium-sized business owners. Balancing cash flow, reconciling accounts, creating financial reports, and ensuring compliance with industry standards are time-consuming tasks that require expertise. Avoid costly errors caused by inexperienced staff.

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Acterys

OCTOBER 20, 2024

More than half (59%) of accountants admit to making several errors per month, Gartner research found. The same research found that companies with high acceptance of finance technology solutions see a 75% reduction in financial errors. It focuses on presenting financial data clearly and in accordance with accounting standards.

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Accounting Seed

NOVEMBER 21, 2024

Accounting software is one of the most valuable tools a nonprofit can have, as it allows team members to shift their focus from tedious data management to what truly matters: serving people and making an impact. However, great accounting software doesn’t need to cost an arm and a leg. leading to an inefficient accounting process.

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Going Concern

OCTOBER 3, 2023

Staffing authority Robert Half has released its much-anticipated 2024 Salary Guide and just like years past, the guide is packed with intel not only on finance and accounting but the greater job market that we really don’t care about.

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TaxConnex

DECEMBER 12, 2023

The individual acknowledged that he was the corporation’s sole shareholder and was ultimately responsible for the business operations, but that he wasn’t liable for the tax delinquency because he was duped by an employee who handled the corporation’s finances.

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CPA Practice

SEPTEMBER 5, 2024

Keeping up with sales tax changes can be difficult and, even if you’re careful, your business can be selected for a state audit. Just the thought of being selected for a sales tax audit can be intimidating. However, knowledge is power.

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CPA Practice

APRIL 7, 2023

Despite high demand for CPAs, accounting firms struggle to hire accountants. In 2021, there was a 17 percent drop in employed accountants and auditors from a 2019 peak, according to a Bloomberg Tax analysis. By Cameron White. Technology also gives staff real-time access to their data, from anywhere at any time.

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CPA Practice

FEBRUARY 23, 2024

Amid technological advancements, the audit professional’s role, characterized by a deep attention to detail, compliance and risk management, is proving to be vital well outside the traditional confines of finance. Audit professionals, who are experts in maintaining regulatory guardrails, stand as the custodians of ethical AI.

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GrowthForceBlog

MARCH 12, 2024

9 min read Nonprofit organizations do not pay taxes, so they are not subject to audits performed by the Internal Revenue Service. Audits, however, are still sometimes required for nonprofit organizations by federal, state, or local entities.

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CPA Practice

APRIL 3, 2023

Despite high demand for CPAs, accounting firms struggle to hire accountants. In 2021, there was a 17 percent drop in employed accountants and auditors from a 2019 peak, according to a Bloomberg Tax analysis. By Cameron White. Technology also gives staff real-time access to their data, from anywhere at any time.

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Basis 365

DECEMBER 23, 2024

The holiday season is a time for businesses to capitalize on increased consumer spending, yet despite the cheery holiday decoration, this period can be rife with accounting challenges for businesses. From managing cash flow to preparing for year-end reporting, the pressure on your accounting needs can quickly escalate during the holidays.

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CPA Practice

NOVEMBER 15, 2024

Brown Plus Welcomes New Team Members Leading accounting and advisory firm,Brown Plus, recently announced the addition of four new team members to its office in Camp Hill, Pennsylvania: Devin Brown, CPA, MBA, rejoins Brown Plus as an Audit Senior Manager. Nicole Wilkinson joined Brown Plus as an Administrative Assistant. In the U.S.,

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inDinero Accounting

AUGUST 19, 2024

As a small business owner, few phrases strike fear quite like “IRS audit.” ” While the chances of getting audited by the IRS are relatively low, understanding audit risk factors and implementing preventive measures can provide peace of mind and financial security. How Often Do Small Businesses Get Audited?

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MyIRSRelief

MAY 22, 2023

Chicago, Illinois is home to numerous businesses and individuals who may face tax-related challenges such as tax audits, back taxes, and payroll tax problems. In this article, we will explore the benefits of professional tax help for Chicago taxpayers facing tax audits, back taxes, and 941 payroll tax problems.

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Going Concern

OCTOBER 17, 2024

Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs. Accountingfly can assist you!

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Going Concern

DECEMBER 20, 2024

Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs. Accountingfly can assist you!

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Going Concern

JULY 7, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Accounting is the language of business: If you understand this language, you can work creatively across the world of finance.

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