Remove accounting firms Remove financial statements Remove white paper
article thumbnail

Spotlighting Women in Advisory Practice: “Create a culture where everyone is happy,” says Alicia Shaul, CPA firm entrepreneur

ThomsonReuters

That insight stuck with her, Shaul recalls, adding that it planted the seeds of her own path to success and owning her own firm. A culture of happiness and growth In the six years after she became a CPA, Shaul worked at several accounting firms and experienced some less-than-ideal managers.

article thumbnail

Keeping staff happy: 4 ways firms can attract and retain accounting talent

ThomsonReuters

The cost of turnover can be enormous given the training and development costs most firms put into their new hires and the need for continuing professional education. To address this, many future-focused accounting firms are moving away from hourly billing and toward a value pricing model. hours per week.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Mastering the art and science of exceptional client service

ThomsonReuters

Jump to: The role of emotional intelligence (EQ) in client relationships The evolution of client service in accounting firms Leveraging technology for enhanced client service Forward-looking accountants are increasingly realizing the importance of harmonizing technical tax expertise with interpersonal relationship skills.

article thumbnail

How do you audit crypto? It starts with understanding how to report on it.  

ThomsonReuters

Blog home With the introduction of Accounting Standards Update 2023-08, Subtopic 350-60, the landscape for accounting, audit, and assurance of cryptocurrency is evolving. What should accountants look for in cryptocurrency audit software? What is an auditors responsibility in crypto audits?

audit 52
article thumbnail

Partnering with the right AI-powered technology

ThomsonReuters

They can automatically generate financial reports, invoices, or other accounting documents, as well as assist in summarizing lengthy financial statements or reports for quick insights. It can nurture greater collaboration between clients and accounting firms.

article thumbnail

The secret antidote to the talent shortage

ThomsonReuters

In an era of staffing shortages, accounting firms must increasingly look outside the box to fill gaps in talent. As a matter of fact, most entry-level positions start out examining spreadsheets for inaccuracies, entering trial balance data into engagement software, and formatting financial statements.

article thumbnail

The value of audit certification and what it means for tax firms

ThomsonReuters

Much like the audits of financial statements, third-party assurance from an audit firm can help solidify trust in a company ’ s ESG reporting. This starts with solid reporting by company management and presents a significant opportunity for auditors. Why are ESG audits important?

audit 59