Fri.Nov 22, 2024

article thumbnail

Board members need more audit and finance skills

Accounting Today

Audit and finance skills are heavily in demand on corporate boards, according to a survey by BDO.

audit 124
article thumbnail

LinkedIn + AI = A Recipe for Prospecting Success for Accounting Firms

CPA Practice

If you aim to increase clients in a geographic area, industry, or service line, sales prospecting should be part of your strategy. By combining AI with LinkedIn, you can streamline sales prospecting, reach the right people, and ultimately build a more efficient pipeline for your accounting firm’s growth. Here’s how. 5 Advantages Using AI and LinkedIn for sales prospecting can offer you several advantages, making the process more efficient and targeted, including: Improved Targeting and Lead Qual

Insiders

Sign Up for our Newsletter

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

article thumbnail

AICPA wary of new PCAOB firm metrics standard

Accounting Today

The American Institute of CPAs is still concerned about the Public Company Accounting Oversight Board's new firm and engagement metrics standard, despite some modifications from the original proposal.

cpas 119
article thumbnail

State Societies in Action: Wisconsin Institute of CPAs

CPA Practice

State CPA Societies in Action is a series of articles spotlighting the varied educational, advocacy, networking and professional activities of the state CPA societies across the U.S. The Wisconsin Institute of Certified Public Accountants was founded in 1905 and has continued to represent CPAs, accounting, and business professionals, promoting the value of members and the accounting profession.

Wisconsin 115
article thumbnail

Building a Business Case for Finance Automation

Speaker: Danny Gassaway and Wayne Richards

Finance leaders are prioritizing efficiency and digital transformation, yet many hesitate to automate due to uncertainty. Without a clear understanding of its impact, organizations risk falling behind competitors who are leveraging automation to drive productivity and cost savings. Join Wayne Richards and Danny Gassaway from AvidXchange for a practical guide on bringing accounts payable (AP) automation to your organization.

article thumbnail

Tech news: Intuit announces Intuit Assist for QuickBooks

Accounting Today

Plus, Deloitte releases four new accelerators on Workiva marketplace; KPMG invests $100 million in Google Cloud Alliance; and other accounting tech news.

article thumbnail

The Top Toys and Gifts for the 2025 Christmas and Holiday Season

CPA Practice

As a record number of people (183.4 million) are expected to shop during the Thanksgiving holiday weekend , a new survey from the National Retail Federation and Prosper Insights & Analytics reveals the most popular toys and gifts consumers plan to purchase this holiday season. “The holiday season is in full swing and while many consumers have made progress on their shopping lists, most shoppers will make the majority of their purchases over the coming weeks,” NRF Vice President of Industry a

Gaming 111

More Trending

article thumbnail

Professionals on the Move – Nov. 2024

CPA Practice

Professionals on the Move is a round-up of recent promotions and hiring announcements from around the profession. CohnReznick’s McCafferty selected to MACPA’s 2024 Women to Watch CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, announced that Molly McCafferty, Partner, Assurance, has been selected as one of four 2024 Women to Watch by the Maryland Association of CPA’s (MACPA) Foundation.

article thumbnail

Tax Fraud Blotter: Partners in crime

Accounting Today

Captive audience; some disagreement; game of 21; and other highlights of recent tax cases.

Tax 111
article thumbnail

The Real Cost Of Bad Construction Client Service

Randal DeHart

Have you ever paused to consider the real impact of your business's customer experience? Is it lifting your brand or dragging it down, along with your team's morale? Today's consumers expect nothing short of excellence, so understanding the consequences of poor customer service is vital. So, what does poor customer service cost you? Let's delve into the details—they might change your perspective.

article thumbnail

The Tax Blotter – Nov. 2024

CPA Practice

The Tax Blotter is a selection of briefs on the latest tax legislation and Tax Court rulings. The IRS has announced its annual inflation adjustments for qualified retirement plans and IRAs for 2025 in conjunction with recent tax law changes. Salt away more in 401(k)s. The limit on employee deferrals to 401(k) plans, the most popular type of employer-provided qualified retirement plan in the land, is increasing from $23,000 in $2024 to $23,500 in 2025.

Tax 111
article thumbnail

Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

article thumbnail

Withum Expands South Florida Presence With New Larger Boca Raton Office

Withum

Withum is proud to announce the grand opening of its new larger office in Boca Raton, Florida , located at One Boca Place, 2255 Glades Road. This expansion further solidifies Withum’s growing presence in the Sunshine State, complementing its established offices in Orlando and other key regions nationwide. The subject matter experts based in the Boca Raton office (all local residents), provide comprehensive services to high-net-worth individuals , family offices , businesses , and non-profi

Florida 105
article thumbnail

ACFE marks International Fraud Awareness Week

Accounting Today

More than 1,400 organizations across the world are educating their communities about the threat of fraud and scams and how to stay safe.

article thumbnail

Holistic Hiring: Closing the Gaps in Your Recruitment Strategy

Insightful Accountant

You can earn CPE Credits while you learn from Michelle LeBlanc and Keely Collins Pate about how recruiting top talent in finance and tax is more competitive than ever. This webinar explores how to approach hiring holistically.

Finance 52
article thumbnail

On the move: KSM hired director of IT operations

Accounting Today

Hannis T. Bourgeois celebrates 100 years with charitable initiative; KPMG and Moss Adams release surveys; and more news from across the profession.

64
article thumbnail

Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape

Speaker: Jennifer Hill

Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.

article thumbnail

Internal Controls Are Useless If Management Can Easily Override Them

FraudFiles

Some companies think they are protected against employee fraud because they have strong internal controls. Often, that’s the case. Good controls mean the rules are followed and the money is properly accounted for. Sometimes, however, good controls are meaningless. What about the controls over the controls? All the rules and designated procedures in the world [.

Account 52
article thumbnail

Tax scheme star witness clams up at his own €428M trial

Accounting Today

Kai-Uwe Steck, who spilled the beans to German prosecutors and TV viewers about the Cum-Ex scandal, turned silent at a trial into his own alleged role.

Tax 52
article thumbnail

Review of Blue J – The Accounting Technology Lab Podcast – Nov. 2024

CPA Practice

Brian Tankersley, CPA, and Randy Johnston review Blue J , a generative AI platform for tax experts. With Blue J, professionals can complete hours of tax research in seconds. Blue J instantly delivers verifiable tax answers and drafts high-quality communications, so you can focus on creating exceptional client experiences. Watch the video, or listen to the audio podcast below (transcript below): – Or use the below podcast player to listen: Transcript (Note: There may be typos due to automated tra

article thumbnail

UPS hit with $45M penalty by SEC over improper valuation

Accounting Today

The company failed to follow GAAP when it evaluated its less-than-truckload operations in 2019 and 2020.

article thumbnail

Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

Speaker: Sierre Lindgren

Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.

article thumbnail

Friday Footnotes: PCAOB Demands More Tedious Paperwork From Firms; PwC Partners Retire Early; KPMG Redeems Itself? | 11.22.24

Going Concern

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default.

auditor 52
article thumbnail

Intuit falls after giving tepid outlook despite new AI tools

Accounting Today

The financial software company is working on implementing artificial intelligence features through its applications including tax preparation program TurboTax.

article thumbnail

Legal challenges continue against DOL’s minimum salary threshold for overtime regulations

ThomsonReuters

← Blog home Another legal challenge against the U.S. Department of Labor’s (DOL) minimum salary threshold for Fair Labor Standards Act (FSLA) overtime regulations continues in the wake of the November 15 ruling from a Texas federal court judge that vacated the DOL’s July 2024 rule , reverting the threshold back to a rule from five years ago.

Legal 52
article thumbnail

3 Reasons to Involve Your Children in Small Business Saturday

CPA Practice

By Elizabeth Ayoola/NerdWallet Paradise Post, Paradise, Calif. (TNS) The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. Kids are often pretty good at being consumers.

Florida 52
article thumbnail

Cash Flow Secrets Every Upskilled CPA Should Know

Speaker: Debra L. Robinson

CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.

article thumbnail

Billionaire Ken Griffin says he's wary of Trump's tax-cut and tariff agenda

Accounting Today

He believes Republicans should be mindful of the effect of tax cuts on the growing national debt.

Tax 52
article thumbnail

Trump Nominates Hedge Fund Exec Bessent to Lead Treasury Department

CPA Practice

On Friday, President-elect Donald Trump has nominated Scott Bessent, the founder of Key Square Group, a global investment firm. The 62 year-old Yale alum served as an economic advisor during Trump’s first administration, and a major campaign fundraiser and donor. Bessent was backed by several people on Wall Street and in Trump’s influence circle, including former NEC director Larry Kudlow, long-time adviser Steve Bannon, and Kyle Bass, the head of Hayman Capital Management.

Tennessee 119
article thumbnail

Top Hyundai Exec Says EVs Are ‘the Future’ Even if Trump Kills Tax Credit

CPA Practice

By Zachary Hansen The Atlanta Journal-Constitution (TNS) LOS ANGELES — A top executive at Hyundai Motor Group said the electric vehicle market in the U.S. remains attractive even if the forthcoming Trump administration rolls back federal programs designed to juice EV sales. “We are not planning our business based on tax credits,” José Muñoz, Hyundai North America’s chief executive, said Thursday at the Los Angeles Auto Show after unveiling a new electric SUV slated to be built at the company’s

Georgia 52