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3 Ways ChatGPT Can Help Accounting Firms

CPA Practice

Response: “ To: [Client] From: [Your Name], CPA Subject: Accounting Treatment for Consumption-Based Pricing under ASC 606 Date: [Date] I am writing to provide guidance on the accounting treatment for consumption-based pricing under ASC 606, specifically related to variable consideration.

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Bluebook Raises $3M to Build AI Agents for Accounting Firms with Pre-Seed Led by EQT Ventures 

CPA Practice

The software consolidates globally applicable accounting principles into a central repository of knowledge, serving as a pivotal platform for the collection and analysis of crucial financial data.

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10 Essential Project Management Principles for Accounting Firms

Going Concern

Every accounting firm struggles with project management, with smaller practices that are rapidly expanding taking the brunt of the damage. As your firm adds new clients, takes on more work, and hires additional employees, old-school project management processes can quickly become obsolete. However, all is not lost!

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The Auditor’s Opinion

Withum

All publicly owned companies must have audited financial statements that contain a report of the registered independent accounting firm performing the audit. The Report of the independent registered public accounting firm provides their opinion that the financial statements were in conformity with U.S.

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Deloitte and Bitwave Partner for Digital Asset Accounting and Compliance

CPA Practice

The Deloitte-Bitwave alliance offers clients a suite of symbiotic digital asset offerings to manage these new complexities, including connecting blockchain data to the ERP system to help companies unlock valuable insights in near real-time, accelerating monthly close with automated accounting, and streamlining crypto payments.

Account 131
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FASB Aims to Improve Derivative Accounting

CPA Practice

Investors, accounting firms, and other stakeholders have until Oct. 21 to provide comments on a new proposed Accounting Standards Update (ASU) issued by the Financial Accounting Standards Board (FASB) on Tuesday that aims to clarify rules on derivative accounting.

Account 122
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Intuit Shows Off New Tech and Features at Intuit Connect Conference

CPA Practice

“Together, we serve the financial needs of millions of shared customers, and by harnessing the power of AI, we’re delivering a connected platform for accountants and their clients that save them time, drive more informed business decisions with predictive analytics and insights, and help them thrive as they expand.”