Going Concern

OCTOBER 23, 2023

Article image obviously generated by AI. Reported by Bloomberg last week , PwC is putting AI to work. Officially. PricewaterhouseCoopers LLP has teamed up with ChatGPT owner OpenAI to offer clients advice generated by artificial intelligence as the Big Four audit firms look to cut costs and boost productivity. [emphasis ours] The accounting firm will use AI to consult on complex matters in tax, legal and human resources, such as carrying out due diligence on companies, identifying compliance is

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Technology Legal New York audit 122

Airbase

OCTOBER 23, 2023

In the world of finance and procurement, accuracy and accountability are paramount. Every organization strives to maintain a meticulous record of its financial transactions while safeguarding itself against errors and fraud. Three-way match has long been an important control measure practiced by accountants to make sure that what was purchased, what was received, and what was paid are fully aligned.

accounts payable 130

accounts payable AP Automation Technology accounting and finance 130

CPA Practice

OCTOBER 23, 2023

Joshua Lance, founder and managing director of Chicago-based Lance CPA Group and a six-time “40 Under 40” honoree by CPA Practice Advisor , passed away on Oct 21. He was 40 years old. According to a Facebook post by his mom, Carole Lance, Josh was diagnosed with bile duct cancer last December. Carole posted on Facebook yesterday that Josh died early Saturday morning surrounded by loved ones.

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Accounting Today

OCTOBER 23, 2023

Bob Lewis of the Visionary Group examines the opportunities private equity firms are creating in accounting, what it will mean for your firm, and how it will play out in the future.

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Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

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CPA Practice

OCTOBER 23, 2023

By Bob Haegele, Bankrate.com (via TNS). As inflation lingers, the Social Security Administration (SSA) is boosting its cost of living adjustment (COLA) for benefit checks in 2024. It’s just one of many changes announced by Social Security recently. More than 71 million people depend on one of Social Security’s benefit programs, so annual changes to the program and its payouts are always highly anticipated.

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Accounting Today

OCTOBER 23, 2023

The Virginia Society of CPAs is partnering with 10 other state CPA groups to offer a course on artificial intelligence and where it fits in with accounting ethics.

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Accounting Today

OCTOBER 23, 2023

These are the bottom 20 states ranked by return on investment for taxpayers, based on quality of government services versus how much they cost.

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Government Tax 134

Anders CPA

OCTOBER 23, 2023

Anders is proud to announce that Lesley Sanchez, CPA , Audit and Assurance partner, has been named a 2023 MOCPA Woman to Watch. The Missouri Society of Certified Public Accountants (MOCPA) and the American Institute of Certified Public Accountants (AICPA) have partnered to recognize and honor outstanding women in the accounting profession through the Women to Watch Awards since 2006.

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CPA Practice

OCTOBER 23, 2023

A new survey from Grant Thornton LLP, one of America’s largest audit, tax and advisory firms, revealed that chief financial officers (CFOs) are focused on profitability despite the uncertain interest rate outlook and global economy. The Q3 2023 CFO survey found 28% of CFOs are pessmistic about the economy, which represents a seven percentage-point increase since last quarter.

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Technology Finance audit Tax 111

Accounting Today

OCTOBER 23, 2023

The ethics of the profession and the trust they build with clients will protect accountants from outside competitors.

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Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

Account

CPA Practice

OCTOBER 23, 2023

Accounting firms know that offering only tax preparation services makes maintaining consistent cash flow and workloads throughout the year challenging. During the busy season, you’re very busy and the cash flow is nice, but after that, things slow down considerably. Adding financial services to your accounting firm can help bridge the gap and allow you to have a consistent workload year-round.

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Insightful Accountant

OCTOBER 23, 2023

It's 'Top 100 Tuesday' and Murph wants to help tune you in to the various changes and enhancements to this year's 2024 ProAdvisor Awards. Remember, the start date is just around the corner.

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Accounting Today

OCTOBER 23, 2023

Lots of outsiders are disrupting accounting; it's time for accountants to disrupt back.

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Insightful Accountant

OCTOBER 23, 2023

HubSync's John McGowan discusses the challenges for navigating legacy systems in the tax and accounting landscape—and where the solutions may be.

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accountant Account accounted Tax 98

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Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

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Patriot Software

OCTOBER 23, 2023

Are you an Illinois employer? Do you provide paid time off (PTO) to your employees? Beginning in 2024, providing paid time off is no longer a choice—it’s a state mandate. In March 2023, Illinois Governor JB Pritzker signed SB208 into law, requiring Illinois paid leave.

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Withum

OCTOBER 23, 2023

Maintaining efficient inventory management and accurate financial reporting is paramount in today’s rapidly evolving business landscape. As businesses grow and expand, traditional inventory tracking methods such as spreadsheets and basic accounting software, often prove inadequate and lead to additional manual tasks or inaccurate data. This is where modern and efficient cloud Enterprise Resource Planning (ERP) solutions come into play, providing comprehensive tools and benefits that stream

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Accounting Today

OCTOBER 23, 2023

The 15% global minimum tax on corporate profits is likely to generate only a fraction of the tax revenue expected, according to a new report.

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CPA Practice

OCTOBER 23, 2023

Top 40 accounting firm LBMC, which is based in Brentwood, TN, is merging in Louisville-based CPA firm Strothman & Co. on Nov. 1, expanding LBMC’s geographic footprint across multiple states. Financial terms of the deal were not disclosed. The Strothman & Co. transaction will add 60 professionals and brings LBMC to a total of five locations, with more than 850 team members, serving more than 11,000 clients across the nation.

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Speaker: David Warren and Kevin O’Neill Stoll

Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng

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Accounting Today

OCTOBER 23, 2023

Regulators are conducting tax audits and reviewing land use by Foxconn, the Taiwanese company that makes the vast majority of iPhones at factories in China.

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audit Tax 72

CPA Practice

OCTOBER 23, 2023

Vertex, Inc. has announced at its 2023 Vertex Exchange conference a partnership with Pagero, a global network leader for the exchange of invoices and other business documents. The partnership enables a seamless solution that allows businesses to ensure continuous indirect tax compliance and bring efficiencies to their invoicing lifecycle, all within a single cloud platform.

Tax 59

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Accounting Today

OCTOBER 23, 2023

The Top 40 Firm is expanding its presence in the Lone Star State by adding a firm based in San Antonio.

Texas 94

Texas 94

CPA Practice

OCTOBER 23, 2023

A new report from the staff of the Public Company Accounting Oversight Board (PCAOB) reveals that 42% of firms the PCAOB inspected in 2022 had a quality control criticism related to engagement quality reviews (EQRs), up from 37% in 2020. The staff report, “ Inspection Observations Related to Engagement Quality Reviews(PDF) ,” focuses on the PCAOB-mandated EQR process, in which a reviewer who is not part of the engagement team evaluates significant judgments made by the audit engagement team.

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The first Market Momentum Index: AI and Unstructured Data Management, conducted by Deep Analysis with support from AIIM and M-Files, surveyed 500 enterprises across various industries to assess their readiness to employ AI. The results reveal that AI is already far more embedded into organizations' operations than previously realized. These findings and more insights have been brought to you in the "Market Momentum Index: AI and Unstructured Data Management.

Withum

OCTOBER 23, 2023

Ready to embrace the power of low-code/no-code solutions? Download Guide The Power Platform is a game-changer, but many enterprises face challenges in harnessing its full potential. IT departments struggle to initiate governance. Enterprise architects worry about the lack of oversight. Citizen Developers need structured support. Our new guide addresses these challenges and provides you with best-practice guidance to build your governance framework and roadmap.

Government 52

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CPA Practice

OCTOBER 23, 2023

Accounting and payroll software maker IRIS Software Group , and QuickFee , a payments solution provider, have partnered to drive efficiency in critical business functions for accountants across the Americas. The partnership includes both QuickFee Connect and QuickFee Finance which provides e-invoicing and online payment options through integration with IRIS practice management solutions and a pay overtime option.

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accounting firms accountant Account accounted 52

Accounting Today

OCTOBER 23, 2023

Buying a practice has many triggers that can be pushed to make something go wrong.

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accountant Account accounted 78

CPA Practice

OCTOBER 23, 2023

Modern Treasury , a payments operating system, revealed today, has debuted new AI Reconciliation Suggestions tool it says will enhance reconciliation, increasing the efficiency of its platform and speed of cash reconciliation for customers. Deploying AI for specific use cases, especially those that involve massive data sets that machines are better equipped to parse than humans, will help Modern Treasury customers and their finance teams improve speed and efficiency to achieve business outcomes

Technology 52

Technology Gaming Finance Sales 52

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.

Canopy Accounting

OCTOBER 23, 2023

What's new: Within our custom reporting and dashboard tool (Insights), users can utilize natural language processing to create visualizations.

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CPA Practice

OCTOBER 23, 2023

Oracle NetSuite has announced a series of new product innovations to help organizations reduce costs and run more efficiently so they can grow their top and bottom lines. The latest NetSuite innovations include both traditional and generative AI-powered capabilities across the entire suite; new field service management and enterprise performance management (EPM) solutions; and new capabilities that help finance and customer experience professionals improve the speed and accuracy of business pro

NetSuite 45

NetSuite E-commerce accounting and finance Technology 45

Going Concern

OCTOBER 23, 2023

Hey, it’s Monday. So here’s a few things going on in our corner of the world. Kelly and Marshall Goldsmith lie about why the best performers leave accounting firms in a Chief Executive article about the right way to lay people off : Go out of your way to communicate to your top performers that you value their work and want to keep them. A few years ago, we reviewed research from one of the world’s leading accounting firms.

accountant 69

accountant Account accounted accounting and finance 69

CPA Practice

OCTOBER 23, 2023

The U.S. Department of the Treasury has released a report card detailing how the department’s implementation of federal investments in entrepreneurs and small businesses – including those in the American Rescue Plan – are sustaining the continued record growth in small business creation. These programs are key to the strategy to strengthen the small business creation by expanding access to capital and customers, and by providing entrepreneurs the resources they need to succeed.

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With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.