CPA Practice

APRIL 10, 2024

India, in particular, has become a hub for highly qualified accountants, many of whom possess a deep understanding of U.S. accounting standards and practices. By considering offshoring certain functions or projects to Indian CPAs, U.S. firms can benefit from cost-effective solutions without compromising on quality.

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Going Concern

JANUARY 9, 2023

Here’s a rundown of accountant-client privilege vs. attorney-client privilege as explained by a tax lawyer. r/accounting reveals all: Today in Wild Ideas on Twitter: How about no licensing, just a professional certification. The median annual salary for CPAs was $77,250 in May 2021. As seen on r/accounting.

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Anders CPA

JANUARY 8, 2024

Jeanne Dee, CPA/CGMA, audit and assurance partner at Anders CPAs + Advisors (Anders), has been appointed to the Financial Accounting Standards Board (FASB) Not-for-Profit Advisory Committee (NAC) effective January 1, 2024.

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SkagitCountyTaxServices

JUNE 8, 2022

If the last 20 years of the economy’s highs and lows, downturns and headlines taught us anything about business, it’s that complete and transparent accounting is in everyone’s best interest. One independent organization working to keep companies’ books clear and honest is the Financial Accountant Standards Board.

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Going Concern

JANUARY 25, 2023

When Thomson Reuters reported late last year that the Financial Accounting Standards Board (FASB) had proposed an eighth round of changes to lease accounting rules 1 , accounting and finance execs around the country channeled their inner Charlie Browns with a collective, “Good grief!”

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Accounting Today

JANUARY 15, 2025

The American Institute of CPAs updated its aid on accounting for and auditing digital assets in response to changes in accounting standards.

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LSLCPAs

FEBRUARY 7, 2024

As auditors, it’s important for us to stay on top of the latest accounting standards to ensure financial accuracy, reliability and compliance. For our clients, its even more important as the real-life implementations of new accounting standards isn’t always as easy as it may seem. GASB Statement No.

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CPA Practice

JUNE 19, 2023

Clearly the career track for CPAs in the corporate world offers more glamorous and lucrative opportunities, and the sophistication and competitive nature of business finance often presents more challenges to maximize profitability that in turn yield performance opportunities for ambitious youngsters. Or is something else going on?

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CPA Practice

NOVEMBER 6, 2023

Rivera, University of Connecticut The Foundation also awarded $120,000 to 10 CPAs pursuing their accounting Ph.D. through the William (Bill) Ezzell Scholarship program and the Accounting Doctoral Scholars (ADS) program. Herz, CPA, CGMA, FCA, is the recipient of the 2023 AICPA Gold Medal Award of Distinction.

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LSLCPAs

SEPTEMBER 10, 2024

In case you missed it – being audit-ready is essential for maintaining transparency, ensuring compliance with accounting standards, and fostering public trust. The post Capital Assets in Action: A Crash Course with Examples for Audit Prep appeared first on LSL CPAs.

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LSLCPAs

AUGUST 7, 2024

In an era where financial transparency in government entities is essential, the Governmental Accounting Standards Board (GASB) has introduced Statement No. Financial Reporting Model Updates for GASB 103 appeared first on LSL CPAs. 103 – a transformative directive poised to refine the financial reporting model.

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CPA Practice

JUNE 1, 2023

AICPA News is a round-up of recent announcements from the American Institute of CPAs. AICPA Recognizes Top 2022 CPA Exam Performers with Elijah Watt Sells Award The American Institute of CPAs (AICPA®) recently announced the 50 winners of the 2022 Elijah Watt Sells Award. Michael Paul Donnelly, Jr.

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LSLCPAs

JULY 26, 2023

The Governmental Accounting Standards Board (GASB) issued new GASB Statement No. 16 – Accounting for Compensated Absences. 101 – Compensated Absences appeared first on LSL CPAs. A new GASB pronouncement is on the horizon. 101 – Compensated Absences to replace the previous GASB Statement No.

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CPA Practice

OCTOBER 18, 2023

The American Institute of CPAs has awarded Robert H. Herz, CPA, CGMA, FCA, with its 2023 AICPA Gold Medal Award of Distinction. The award, presented since 1944, is the highest honor bestowed by the AICPA, recognizing CPAs “whose influence on the accounting profession has been especially notable.”

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CPA Practice

FEBRUARY 28, 2023

CPAs have unquestioned competence, professional judgment and operate within a robust system built with public protection in mind. “Our profession’s role in providing that assurance is crucial. We should be the clear choice for instilling trust and value in ESG data around the world.”

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CPA Practice

MAY 18, 2023

The American Institute of CPAs has announced the 50 winners of the 2022 Elijah Watt Sells Award. This award is granted to CPA candidates who obtain a cumulative average score above 95.50 across all four sections of the Uniform CPA Examination, pass all four sections on their first attempt and have completed testing in 2022.

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CPA Practice

JANUARY 10, 2024

The Financial Accounting Standards Board ( FASB ) has announced the appointment of six new members to its Not-for-Profit Advisory Committee ( NAC ), effective January 1, 2024. The NAC serves as a standing resource for the FASB.

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PYMNTS

APRIL 29, 2020

To provide immediate cash flow for small- to medium-sized businesses (SMBs), the American Institute of CPAs (AICPA) is asking for the Federal Reserve to make a short-term accounts receivable (AR) lending facility that is federally backed, according to an announcement.

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CPA Practice

MARCH 14, 2023

The American Institute of CPAs (AICPA) has named Mark Crowley, CPA, chairman of the Financial Reporting Executive Committee (FinREC). FinREC serves as the AICPA’s official voice on financial reporting matters and develops nonauthoritative industry-specific accounting guidance.

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CPA Practice

JUNE 11, 2024

The Elijah Watt Sells Award program was established by the AICPA in 1923 to recognize outstanding performance on the CPA exam, as well as to honor Sells, one of the country’s first CPAs and a founding member of the firm now known as Deloitte. Owen Berry , Florida, employed with Ennis, Pellum & Associates CPAs in Jacksonville.

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CPA Practice

JULY 8, 2024

Kowalsky serves on the Climate Task Force of the Federal Accounting Standards Advisory Board (FASAB) and sits on the Board of Directors of a cryptocurrency, digital assets, and blockchain 501(c)(3) non-profit which he co-founded.

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CPA Practice

JANUARY 10, 2024

The solution allows firms to streamline operations, save time, reduce errors, lower costs and simplify compliance with the new lease accounting standards. Through its distinctive dual access capabilities, LeaseCrunch enables CPA firms to work independently or collaboratively with their clients.

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DMCL

FEBRUARY 28, 2024

Beyond her professional achievements, Amy’s dedication to mentoring the next generation of CPAs and her community involvement truly set her apart. Her expertise covers advisory, assurance, and taxation services, serving a wide range of clients. Congratulations on this well-deserved honor, Amy!

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ThomsonReuters

JANUARY 18, 2024

CPA responsibilities to clients As a trusted advisor in an increasingly complex financial landscape, certified public accountants (CPAs) have significant responsibilities for the services they provide to their clients. Accountant vs. CPA vs. tax preparer: What are the differences?

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CPA Practice

APRIL 11, 2023

He most recently held a technical accounting role at a Fortune 500 financial services company where he helped lead complex implementations of accounting standard updates issued by the Financial Accounting Standards Board.

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CPA Practice

JANUARY 5, 2024

The Financial Accounting Standards Board ( FASB ) has appointed six new members to its Not-for-Profit Advisory Committee ( NAC ), effective January 1, 2024. The NAC serves as a standing resource for the FASB.

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Ryan Lazanis

APRIL 18, 2023

Here’s chatCPA , a bot trained by CPAs that you can chat with for only $6/month: That being said: Advanced technologies like AI can assist and improve the work of accountants, but they cannot entirely replace them because of their inability to perform essential human skills such as judgment, communication, and critical thinking.

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Going Concern

MARCH 8, 2024

Top Remote Accounting Candidates: February 29, 2024 Opinion The specter of ‘Uberification’ looms over audit [ Accounting Today Voices ] Blake Oliver writes for AT’s opinion column: As technologies reshape industries, we wonder if disruptive startups could come between CPAs and our clients one day.

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Cherry Bekaert

JULY 30, 2024

Establish internal controls, internal audit function, risk management and ensure compliance with appropriate organizations 3. Establish compliance tools to comply with correct accounting standards (US GAAP, IFRS, etc.)

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CPA Practice

OCTOBER 20, 2023

He has served on the boards of the SASB Foundation and the Value Reporting Foundation, and as a member of the IFRS Advisory Council and the US Financial Accounting Standards Advisory Council. Lloyd, a seasoned accounting professional with over 35 years of experience, is a valuable asset to the VSH audit and accounting department.

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CPA Practice

OCTOBER 19, 2023

He has served on the boards of the SASB Foundation and the Value Reporting Foundation, and as a member of the IFRS Advisory Council and the US Financial Accounting Standards Advisory Council. Lloyd, a seasoned accounting professional with over 35 years of experience, is a valuable asset to the VSH audit and accounting department.

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Going Concern

APRIL 7, 2023

While hoping to maintain their original age of 62, so that retiring partners could pass the torch to a promised line of up-and-coming CPAs, WTF realized that the pipeline was less than empty and they needed a new strategy.

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Shay CPA

OCTOBER 25, 2023

As CPAs who specialize in supporting startups, we’ve been through down rounds with many of our clients. We want to give you a brief overview based on our experience, specifically delving into how the down round affects your accounting and your taxes. And that means carefully evaluating what the down round will mean for your company.

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Going Concern

MARCH 25, 2022

“I would have thought that accountants would be seen as boring, but effective and the perfect person to do a good job on your tax return,” Wijnand Van Tilburg, a study co-author and senior lecturer in the university’s psychology department, said in a statement last week.

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Going Concern

JUNE 7, 2023

So what can we do about it beyond complaining, holding conferences and meetings to discuss it, and rehashing the same AICPA data points that are repeated in every article ever written about the accountant shortage? Glad you didn’t ask! Let’s see what you’ve got, Girard.

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Going Concern

AUGUST 2, 2024

The class action alleges that Deloitte, as auditors, certified a clean financial statement without auditors’ notes or remarks to caution that it may not be up to accounting standards, according to the complaint. PwC chief’s $1.2m

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ThomsonReuters

APRIL 18, 2023

This established the Securities and Exchange Commission (SEC), which had authority to form financial accounting and reporting standards for publicly held companies. The Financial Accounting Standards Board (FASB) is recognized by SEC as the accounting standard setter for public entities.

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