In Brief In the past decade, sustainability has moved from the periphery to become central in the global efforts to promote economic development, foster trade,…
Perspective on Revenue Growth and Profitability: Lee Frederiksen
State of the Profession 2019
According to the Rosenberg Survey, revenue growth, at 7.7%, is up from last year's 7.0%. Larger firms lead this trend, with higher growth rates than…
Perspective on the M&A Market: Wade Holmes
State of the Profession 2019
Who is buying firms right now? Currently, the buyer's market consists of both individuals and existing practice owners. Individuals could be accountants working for another…
Tax & Accounting Update is provided by Thomson Reuters and based on material published on Checkpoint, its online news and research platform. The Update is…
ISM Manufacturing Index The latest ISM data point confirms a slowdown in the manufacturing sector. While GDP grew by 2.1% in the third quarter, manufacturing…
Modifying the Pathway to Becoming a Licensed CPA
Considering Practitioners’ Perspectives
The current pathway to becoming a licensed CPA requires candidates to achieve a passing score across four separate competencies: audit (AUD), regulation (REG), financial accounting…
What made me want to become a CPA? Well, I have to acknowledge that the 18-year-old me was neither wise nor worldly. When I matriculated…
Views on the Practice Management Survey: Orumé Hays
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: Michael Nyhan
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: Nicholas Guastella
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,…
Technology Touchstones for 2020
Increase Security and Monitor Activity
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…
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…
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,…