News
5-day office mandates could surge quitting rates
December 09, 2024
Two-thirds of recruiters say they have seen an increase in candidates looking for new jobs from companies mandating five days a week in a central office.
Growth in client advisory services set to continue rapid increase
December 09, 2024
Firms offering client advisory services (CAS) project their CAS-related revenue to double over the next three years, according to a biennial CPA.com report.
Court halts BOI reporting; AICPA urges preparedness
December 06, 2024
A federal district court, finding that the Corporate Transparency Act (CTA) is likely unconstitutional, issued an order Tuesday prohibiting the enforcement of the CTA and the beneficial ownership information (BOI) reporting rule in the CTA’s accompanying regulations.
BOI: Businesses cite procrastination, lack of clarity for not filing
December 03, 2024
Most small businesses are not filing required beneficial ownership information (BOI) reports because they are not sure they need to or because they are procrastinating, according to a poll released Tuesday by Wolters Kluwer.
Melancon leaves AICPA with a legacy of change
December 01, 2024
The transformative leader, who is retiring on Dec. 31, guided the organization and the profession for nearly three decades.
Do you have a firm permit to practice? Firms with no financial reporting/attest practice MUST submit a peer review waiver form annually.
November 26, 2024
State Board of Accountancy (SBOA) staff has recently confirmed that firms that are not performing audits, compilations, or reviews must specifically submit a waiver from peer review requirements annually as part of the firm permit renewal process. If your firm no longer does or has never performed audits, compilations, or reviews, you must submit the Quality Review Waiver Form annually to be in compliance.
PKF O’Connor Davies strikes a deal with private equity
November 18, 2024
Another large accounting firm has struck a deal with private-equity investors.
AT Think: Changing the way people think about accounting
November 07, 2024
For an industry that's often stereotyped as stagnant, the world of accounting is changing at unprecedented speed: accounting industry trends include headline-grabbing topics such as AI, automation, ESG consulting, and remote work.
Exciting Progress on the CPA Exam: A Recap of the AICPA Presentation
November 05, 2024
At the recent NASBA annual meeting, the AICPA and NASBA delivered an update on the progress of the CPA exam, highlighting significant advancements and future initiatives that promise to enhance the candidate experience.
Incoming AICPA CEO Mark Koziel Addresses Fall Council
November 05, 2024
At the recent AICPA Fall Council meeting, Mark Koziel was officially introduced as the incoming CEO, and was recognized for his impactful leadership and commitment to the profession. Mark's journey from his early days in public accounting to his current role as CEO of Allinial Global was highlighted.
Navigating the Complex World of Alternative Practice Structures
November 05, 2024
During a recent session at the NASBA Annual Meeting, the complexities and misconceptions surrounding private equity (PE) investments in accounting firms were thoroughly discussed. There is no one-size-fits-all strategy when it comes to the diverse structures of private equity.
The Future of the Accounting Profession: Insights from Barry Melancon
November 05, 2024
At the recent NASBA annual meeting and AICPA Fall Council meeting, Barry Melancon, President and CEO of the Association of International Certified Professional Accountants, provided an overview of the future of the accounting profession. His insights highlighted the changes driven by technological advancements and the vital role of Certified Public Accountants (CPAs) in navigating this evolving landscape.
Unlocking the Future: Insights from the AI Revolution Meeting
November 05, 2024
At the NASBA annual meeting, there was a session on "AI Revolution: Unlocking the Future of Tomorrow," which showcased the remarkable pace at which artificial intelligence is being integrated into various sectors. With 80% of Fortune 500 companies weaving AI into their workflows just nine months after the launch of ChatGPT, it's evident that we stand on the brink of a transformative era.
Pay Transparency Laws: Updates and Best Practices
October 21, 2024
Pay transparency laws are being enacted across the U.S. If you have clients operating across state lines, you know how complicated staying compliant with these laws can be. Business owners need to understand what’s coming and how they can prepare.
How firms can score the right talent mix
October 18, 2024
Looking for accounting talent is no longer just hunting for number crunchers. The digital age has ushered in the art of scouting for a diverse mix of tech wizards and creative thinkers. Think of it as adding fresh beats to classic tunes — it's all about building a lineup that's as diverse in skills as it is in ideas.
Mark Koziel to become CEO of the Association of International Certified Professional Accountants
October 17, 2024
Mark Koziel, CPA, CGMA, has been named as the incoming CEO of AICPA & CIMA, which operate together as the Association of International Certified Professional Accountants.
2024 Year-End HR Compliance Checklist
October 15, 2024
Are you creating or updating your HR policies for 2025? A year-end HR compliance checklist is a great way to help make sure your bases are covered. There's too much at stake to leave compliance to chance. Particularly during the end of the year, there are many moving parts and critical deadlines your business must meet; otherwise, you could face penalties. To help you meet deadlines and compliance requirements, we've compiled a checklist that identifies some of the essential end-of-year tasks.
CT to expand employer student loan repayment tax credit; eyed as worker recruitment, retention tool
October 14, 2024
Connecticut companies will soon have an added incentive to offer student loan repayment benefits to employees.
AI promises more efficiency but won’t replace auditors
October 09, 2024
More than half of finance leaders believe technology will improve audit quality, but the human element is irreplaceable.
KPMG US chief calls for urgent reform to halt slide in accounting ranks
October 09, 2024
Fewer US students are taking up accountancy, and 75% of CPAs are near retirement.