CPA Practice

SEPTEMBER 23, 2024

CPAs are essential for financial reporting, advanced tax preparation and other dull-but-important tasks that keep the economy going. These days, the accounting profession is in crisis as CPAs retire and the pipeline to replace them dries up. At the same time, the number of new candidates taking the CPA exam has plunged.

cpas 59

cpas CPA auditor accounting principles 59

Going Concern

DECEMBER 1, 2023

CPA Evolution Rise of the cyber CPA: What it means for CISOs [ CSO ] Interesting read on one of the new CPA exam disciplines with a variety of perspectives from the CISO side. Some folks aren’t fans of CPAs edging in on their territory it seems. “Yeah, CPAs and the AICPA.

cpas 111

cpas audit auditor CPA 111

CPA Practice

OCTOBER 2, 2024

AICPA News is a round-up of recent announcements from the American Institute of CPAs. Candidates pursuing this additional pathway would also be required to complete a separate year of general experience and pass the CPA Exam. Competencies would be verified in the workplace by licensed CPAs.

accounting and finance 116

accounting and finance cpas financial statements CPA 116

Going Concern

JULY 1, 2022

Clever CPAs who get in on the ground will not only open themselves up to nearly unlimited billing potential (yay), they’ll be helping cannabis businesses navigate the as-yet murky waters of legit marijuana business. So how do CPAs get into this niche? This recent Journal of Accountancy article.

cpas 72

cpas CPA Legal cpa firm 72

CPA Practice

MARCH 7, 2023

Today’s CPAs need deeper skill sets, more competencies and greater knowledge of emerging technologies and their impact on tax, accounting and audit,” explains the AICPA in unveiling blueprints for the 2024 CPA Exam. What do the 2024 CPA Exam changes mean for accounting practices? You have to sell them.”

Technology 137

Technology CPA cpas audit 137

CPA Practice

AUGUST 30, 2023

One of the panelists, Jackie Cardello, president and managing partner of Bethesda, MD-based GRF CPAs & Advisors, said the stigma and the stereotype associated with CPAs and accountants—and the profession in general—needs to change, and that change can begin in high school. You don’t have to be a CPA. It’s not glamorous.

cpa firm 105

cpa firm CPA cpas Maryland 105

CPA Practice

JANUARY 3, 2024

Top 200 accounting firm ATA CPAs + Advisors has expanded its presence in western Tennessee after combining with Memphis-based Whitehorn Tankersley & Davis PLLC on Jan. Financial terms of the deal were not disclosed. It also specializes in trust and estate tax reporting as well as audits for financial institutions. “We

cpas 59

cpas Tennessee Mississippi Arkansas 59

ThomsonReuters

MAY 6, 2021

Cryptocurrency’s slow adoption is reflected in adoption by firms and CPAs. For CPAs, the first step is understanding the compliance obligations. It’s paramount CPAs gain access to similar tools to level the playing field. This is where Ledgible’s roots in Financial Statement audits of blockchain companies is invaluable.

cpas 59

cpas tax return audit tax planning 59

Withum

OCTOBER 12, 2023

My career was spent as a certified public accountant (CPA) and it was extremely rewarding since I was able to help many clients in many different situations. Accounting is the means of expressing these activities, and financial statements are how the activities are presented.

cpas 45

cpas double entry bookkeeping auditor financial statements 45

CPA Practice

APRIL 7, 2023

Despite high demand for CPAs, accounting firms struggle to hire accountants. With an onslaught of economic disruptions and complexities on their plate, a CPA shortage proves especially burdensome for middle market companies. By Cameron White.

accounting firms 139

accounting firms CPA Technology Account 139

PANALITIX

AUGUST 9, 2020

Hetzel & Associates, CPAs spoke frankly and clearly on the many challenges and opportunities related to growing an accounting business. Hetzel & Associates, CPAs. RESOURCES / ARTICLES. Rapidly Growing an Accounting Firm: An Interview with Glenn Hetzel. In a wide-ranging interview, Glenn Hetzel, Managing Partner of Glenn B.

accounting firms 189

accounting firms Account accounted accountant 189

CPA Practice

APRIL 3, 2023

Despite high demand for CPAs, accounting firms struggle to hire accountants. With an onslaught of economic disruptions and complexities on their plate, a CPA shortage proves especially burdensome for middle market companies. By Cameron White.

accounting firms 135

accounting firms CPA Technology Account 135

Withum

MAY 10, 2022

I am scheduled to present four free webinars primarily for CPAs, but anyone in business that uses financial statements might also find them interesting and insightful. – Financial Statement Myths. I dive into the top myths concerning financial statements that accountants and clients fall victim to.

financial statements 105

financial statements audit auditor CPA 105

CPA Practice

AUGUST 28, 2024

. == 2024 Award Winners: Batch Extensions, from HubSync Tax season is a battlefield for CPAs. This inefficiency cripples productivity and limits CPAs’ ability to focus on higher-value tasks. This inefficiency cripples productivity and limits CPAs’ ability to focus on higher-value tasks.

Technology 125

Technology accounting firms Account accounted 125

ThomsonReuters

MAY 15, 2023

As AI technology becomes increasingly sophisticated, it presents CPAs with a range of opportunities to enhance their advisory services through automated processes, real-time insights, and personalized advice. This technology offers a range of advantages that CPAs can leverage to provide better services to their clients.

cpas 98

cpas Tax Technology Account 98

CPA Practice

JUNE 10, 2024

The Public Company Accounting Oversight Board (PCAOB) doled out $150,000 worth of total fines to a Plantation, FL-based CPA firm on June 10 for violations related to quality control, auditing failures, and missing Form AP deadlines. for the fiscal year ended June 30, 2021.

audit 52

audit cpas Florida auditor 52

Going Concern

OCTOBER 18, 2023

But no, that’s actually what the research in “ Externalities of Financial Statement Fraud on the Incoming Accounting Labor Force ,” published in the Journal of Accounting Research , appears to have found. .” Surely that had to be a joke about professors always spouting how great it is to work at Big 4.

Account 116

Account accounted accountant Florida 116

CPA Practice

JANUARY 2, 2024

Tang joins the firm from Marcum Asia CPAs LLP where he served as an Audit Partner. In his role as Audit Partner, effective December 1, Tang will be responsible for leading engagement teams that conduct audits of financial statements and other assurance services for public companies in a variety of different industries.

Illinois 115

Illinois E-commerce Pharmaceutical Real Estate 115

CPA Practice

JULY 31, 2024

Barnes Wendling CPAs Announces New President Barnes Wendling CPAs, a Cleveland based accounting, tax, and advisory firm recently announced that Rosemary Rehner, CPA, CEPA , will lead the firm as president, effective July 1, 2024.

Ohio 116

Ohio audit cpas CPA 116

xendoo

DECEMBER 3, 2021

Reviewing bank and credit card statements to confirm that they match. . Accurate records ensure reliable financial statements. CPAs provide the Schedule K-1. Review Your Financial Statements. Click here to learn more about the key financial statements. . Xendoo is here to help. Schedule K-1.

bookkeeping 98

bookkeeping Account accounted accountant 98

CPA Practice

AUGUST 9, 2024

Barnes Wendling CPAs Announces New President Barnes Wendling CPAs, a Cleveland based accounting, tax, and advisory firm recently announced that Rosemary Rehner, CPA, CEPA , will lead the firm as president, effective July 1, 2024.

Ohio 111

Ohio audit cpas CPA 111

Going Concern

JANUARY 9, 2023

A PCAOB inspections leader offers his insight to auditors at a conference: “The role of the financial statement auditor and the auditing profession continues to be a noble endeavor that has never been more needed and vital to our economic stability and the well-being of our capital markets,” said George Botic, CPA.

CPA 105

CPA auditor Tax Account 105

CPA Practice

OCTOBER 20, 2023

the researchers corroborate their initial findings with data suggesting that accounting graduates with higher rates of fraud exposure in high schools are more likely to: Work in an accounting job; Go into public accounting; Work for a Big N accounting firm, like the Big Four; and Become CPAs.

Account 106

Account accounted accountant Oregon 106

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. As one of the six new NAC members, Jeanne will serve a four-year term ending on December 31, 2027.

Missouri 98

Missouri audit accounting principles public accounting 98

Going Concern

FEBRUARY 27, 2023

In an article titled “Interactive Auditor-Client Negotiations: The Effects of the Accumulating Nature and Direction of Audit Differences” a team of researchers further examined what happens during these discussions and how the negotiations can affect the magnitude of audit adjustments made to financial statements.

Technology 105

Technology Account accounted accountant 105

Going Concern

DECEMBER 8, 2022

Basic determinants of value and the techniques used to assess it; the creation of value through the production and delivery of goods or services; the conversion of that value into cash flows; basic financial statements, balance sheets, income statements, and cash flow statements, and the accounting mechanics with which they are built.

Account 119

Account accounted accountant Education 119

CPA Practice

MARCH 6, 2024

We believe CPAs are best suited to undertake these engagements, especially when making connections back to a company’s financial statements. Large public companies will be required to say more in their financial statements about the risks climate change poses to their operations and their own contributions to the problem.

cpas 65

cpas financial statements public accounting management accounting 65

Going Concern

NOVEMBER 4, 2024

Given the demands CPAs face — often, they serve on understaffed teams due to a shortage of accounting talent, while also needing to obtain continuing professional education credits in order to maintain their certified public accounting licenses — some experts were not surprised to hear about the multi-tasking practice. “If

Account 105

Account accounted accountant auditor 105

ThomsonReuters

FEBRUARY 14, 2022

Do you need “virtual CPAs” who can excel in a remote or hybrid working model? According to digital skills expert Samantha Mansfield, having a “digital mindset” is one of the four most critical skills for CPAs if they want to improve the value they offer clients. Work style. What is it you’re looking for?

Account 92

Account accounted accountant accounting firms 92

xendoo

MARCH 17, 2022

If the bank does not allow view only access, the business owner provides a monthly bank statement to the bookkeeper so that the balances can be tied out and the financial statements can be finalized. . Xendoo offers business owners 24/7 access to their financial statements and tax returns in their customer portal.

bookkeeping 98

bookkeeping bookkeeping software quickbooks bookkeeping services 98

LyfeAccounting

MARCH 10, 2021

In this post, we want to provide you with some more clarity on CPA services. Now, CPAs can provide a number of services to small businesses. But no other professional can provide all of the services that CPAs provide. So then… what are CPA services? What are CPA Services? What is a CPA? Compilations.

CPA 52

CPA cpas bookkeeping tax preparation 52

LSLCPAs

NOVEMBER 4, 2021

For this post, we are zeroing in on the condition that government agencies are being required to add additional footnotes to their financial statements. The post For Government Agencies: 3 Tips for Consolidating Financial Report Footnotes appeared first on LSL CPAs. With this new reporting requirement for government.

Government 52

Government financial statements cpas 52

CPA Practice

APRIL 29, 2024

One core strategy for doing this will be marketing new and consistently in-demand services – from CAS and CFO advisory, to AP and financial statement preparation. Summit CPA, a division of Anders CPAs + Advisors, is a good example.

Education 119

Education cpas bookkeeping accounting firms 119

xendoo

AUGUST 2, 2021

If this sounds broad, that’s because modern CPAs can be responsible for a broad range of financial tasks. At a minimum, a CPA must possess a bachelor’s degree, though it’s not at all uncommon for CPAs to have a master’s degree or higher. Modern CPAs can specialize in a variety of areas, including: Tax preparation.

CPA 88

CPA forensic accounting bookkeeping tax preparation 88

LSLCPAs

FEBRUARY 27, 2024

There’s no question that annual financial statement audits are sometimes considered a “necessary evil”. Urgent Audit Compliance Deadline March 31, 2024 appeared first on LSL CPAs. However, the feeling is often eased with familiarity of the process, familiarity with your Agency’s operations, and familiarity with your auditors.

audit 59

audit auditor cpas financial statements 59

LSLCPAs

MARCH 11, 2024

It involves reconciling key financial accounts, verifying transactions are captured and in the correct account, and preparing monthly financial statements to provide an accurate snapshot of a organization’s financial health throughout the year. Timely and accurate month-end close processes.

Government 59

Government Finance cpas accounting and finance 59

Snyder

JULY 13, 2022

While the concept of CAS isn’t new, it’s still not known to many business owners and lots of certified public accountants (CPAs) struggle to persuade their clients to switch to this format of accounting. CPAs traditionally try to widen or narrow the scope of the services they provide to make sure the needs of their clients are met.

Account 105

Account accounted accountant Technology 105