When hackers attack a CPA firm, it can impact the firm's data, but more importantly, it can expose clients' sensitive financial data. A business's ability…
CPAJ News Briefs
FASB, GASB, IASB News
FASB News Electric Sector Says Lease Accounting Rule Causing Losses to Profitable Contracts The Edison Electric Institute (EEI), a group that represents U.S. investor-owned electric…
One of the most challenging issues facing leaders in the public accounting profession is the high rate of employee turnover. A recent survey finds that…
Leveraging Data Analytics
Uncovering Hidden Opportunities, Generating Revenue, and Serving Clients
In Brief The use of technology continues to increase. In the financial service industry alone, electronic applications and signatures, robo-advisors, and client management systems are…
Accounting practice management requires a focus on both people issues and technology issues, as well as the continual improvement of traditional accounting processes and the…
Views on the Practice Management Survey: Ron Ries
State of the Profession 2019
In my current role as consultant both to former and current clients, I have worked with several public accounting firms and staff regarding their internal…
Views on the Practice Management Survey: F. Michael Zovistoski
State of the Profession 2019
In the past year (2019) have you noticed any trends in practice at your firm/organization? For example, changing workloads; challenges in recruitment and retention, training,…
Over 36 years of selling accounting practices, this author has witnessed dramatic changes in the marketplace, the methodology, and the technological advances that have changed…
CPAJ News Briefs
FASB, AICPA News
FASB News House Financial Services Subcommittee Schedules Oversight Hearing The House Financial Services Committee’s Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets has scheduled a…
Do you think about opening your own CPA practice and working for yourself instead of working for others? If so, you're not alone. While women…
In Brief Any family business, however successful, will reach a day when ownership must change hands. A plan of succession for ownership of business interests…
Pulitzer Prize–winning author Herman Wouk wrote, “The will not to believe. It is simple human nature. When the mind cannot grasp or face up to…
Views on the Practice Management Survey: Tameka Walters
State of the Profession 2019
In the past year (2019) have you noticed any trends in practice at your firm/organization? For example, changing workloads; challenges in recruitment and retention, training,…
Views on the Practice Management Survey: Daria Bushueva
State of the Profession 2019
The 2019 Rosenberg Survey found that the percentage of women partners continues to grow very slowly, especially at large firms. What have you experienced? What…
Views on the Practice Management Survey: Friedman LLP
State of the Profession 2019
Harriet Greenberg Fred Berk In the past year (2019) have you noticed any trends in practice at your firm/organization? For example, changing workloads; challenges in…
A 2020 Global Auditing Forecast
What Might the New Year Bring?
In the Big Audit model—by which the world's large public companies engage the international networks of the Big Four to provide financial statement assurance for…
CPAJ News Briefs
FASB, PCAOB News
FASB News FASB Issues New Rules to Simplify and Reduce Cost of Accounting for Income Taxes U.S. accounting rulemakers have issued a new accounting standard…
ICYMI | Improving the Advancement and Retention of Women CPAs
Fostering Gender Equality at One Accounting Firm
According to the 2017 CPA Firm Gender Study performed by the AICPA's Women's Initiatives Executive Committee (WIEC), women make up only 22% of partners in…
In Brief Generation Z is beginning to enter the workforce, bringing with it a demographic shift that will affect every facet of American society, including…
New Jersey Update
Guidance on the Unitary Business Test and Combined Reporting Requirement
The New Jersey Division of Taxation has provided technical guidance (TB-93) regarding its unitary business test that CPAs need to be aware of in order…
Views on the Practice Management Survey: Katelyn Kogan
State of the Profession 2019
In the past year (2019) have you noticed any trends in practice at your firm/organization? For example, changing workloads; challenges in recruitment and retention, training,…
Views on the Practice Management Survey: Akshay Shrimanker
State of the Profession 2019
In the past year (2019) have you noticed any trends in practice at your firm/organization? For example, changing workloads; challenges in recruitment and retention, training,…
In Case You Missed It
A Look Back at 2019
Tax professionals faced many challenges in 2019. The federal government shutdown delayed IRS processing, and 2019 saw most of the sweeping changes introduced by the…
For 89 years, The CPA Journal has earned the respect of CPAs and other financial professionals for its in-depth analysis of current issues. We do not do…
ICYMI | Serving the Public as a CPA
It’s More Than Just Numbers
After reading the definition for “Certified Public Accountant,” one could easily walk away with the understanding that a CPA is a numbers cruncher, someone who…
Fostering Diversity and Inclusion in the Accounting Workplace
Benefits, Challenges, and Strategies
As the United States becomes more diverse, ethnically and otherwise, the pressure on companies to reflect that diversity through their hiring practices has grown. But…
Thanks to legalized sports gambling, U.S. casinos generated a record amount of gaming revenue in 2018. As might be expected, it is becoming increasingly common…
The State of the Profession
Analyzing the Results of the 2019 Practice Management Survey
In Brief The fifth annual NYSSCPA–Rosenberg Survey identifies trends from the national 21st Annual Practice Management Survey and provides a comparative qualitative analysis to participating…
State of the Profession 2019 Roundtable
Views on the Rosenberg Practice Management Survey
In Brief In order to better decipher the results of the annual Rosenberg Practice Management Survey and provide a wider picture of the state of…
Views on the Practice Management Survey: Magda Reyes
State of the Profession 2019
In the past year (2019) have you noticed any trends in practice at your firm/organization? For example, changing workloads; challenges in recruitment and retention, training,…