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The skills crunch: How did it get so bad?

June 13, 2023

From the great resignation to quiet quitting and the lost generation of talent, a perfect storm has capsized the profession’s attempts to solve the skills shortage. While there is hope, it’s not going to be easy.

  • business and industry
  • career resources
  • practice management

AICPA, NASBA looking for firms to pilot 'Experience, Learn and Earn' program

June 12, 2023

The AICPA and the National Association of State Boards of Accountancy (NASBA) are working together to develop an integrated education and experience program for students who need a path to the 150 credit hours required for CPA licensure. The Experience, Learn and Earn program (ELE) will combine meaningful online study integrated with early work experience.

  • career resources
  • practice management
  • advocacy - federal

3 Ways CFOs Can Drive a Cohesive Company Culture

June 08, 2023

Here’s how CFOs can use their unique skill set to play an active role in strengthening company culture.

  • business and industry
  • career resources
  • practice management

AI won't take your job, But someone using AI might

June 07, 2023

ChatGPT is the latest in a very long line of artificial intelligence (AI) advancements to result in much scaremongering.

  • business and industry
  • practice management
  • technology and cybersecurity

Tactics to manage and resolve workplace conflict

June 07, 2023

Framing conversations, using emotional intelligence, and bringing in a mediator if needed can help resolve business workplace conflict.

  • business and industry
  • practice management

Accounting giants join AI investment rush

June 06, 2023

Thanks to the hoopla surrounding ChatGPT and other generative artificial intelligence (AI) tools, private and public investors are caught up in a funding frenzy recently characterised by the FT as “the latest Californian gold rush”.

  • business and industry
  • practice management
  • technology and cybersecurity

Future of Finance: Upskilling is crucial, but mindset is the crux

June 05, 2023

From the formation of the Future of Finance Leadership Advisory Group (FFLAG) two years ago all the way through Monday's session at AICPA & CIMA ENGAGE 2023, finance leaders have consistently "FFLAGed" the talent pipeline and digital transformation as the top issues on their to-do list.

  • business and industry
  • practice management
  • technology and cybersecurity

Leadership on LinkedIn: Pathways and Pratfalls

June 02, 2023

With LinkedIn dominating the professional social media landscape, leaders who want to establish a brand must take heed of the pitfalls.

  • business and industry
  • career resources
  • practice management
  • technology and cybersecurity

Pessimism, contraction plans rise for CPA decision-makers, survey shows

June 01, 2023

Three years ago, at the onset of the COVID-19 pandemic, CPA decision-makers in business and industry were historically pessimistic about their own organizations.

  • business and industry
  • practice management

5 DE&I Strategies for Small Businesses

May 26, 2023

Here’s how small businesses can implement diversity, equity, and inclusion initiatives to strengthen their culture and continue to evolve.

  • business and industry
  • diversity
  • practice management

61% of Managers Say Exec Leaders Hold Them Back From Innovation: Weekly Stat

May 24, 2023

Many finance leaders have a hands-on approach to leadership, but most managers believe it impedes their ability to innovate.

  • business and industry
  • practice management
  • technology and cybersecurity

Younger workers turn to side hustles to stay afloat

May 23, 2023

Half of Gen Z and Millennial workforces say they live paycheque to paycheque, and many had to take on a second job due to financial concerns.

  • business and industry
  • career resources
  • practice management

Coalition Including CPAs Calls Attention to New Beneficial Ownership Information Reporting Requirements

May 22, 2023

The American Institute of CPAs (AICPA) joined a coalition of organizations who have come together to make taxpayers and practitioners aware of the new Beneficial Ownership Information (BOI) reporting requirement. BOI is an anti-money laundering initiative enacted through the Corporate Transparency Act (CTA) in 2021, which mandates that BOI information is reported to the Financial Crimes Enforcement Network (FinCEN).

  • business and industry
  • practice management
  • advocacy - federal
  • boi

How Connecticut changed during COVID, in 10 charts

May 21, 2023

On May 10, exactly three years and two months after Gov. Ned Lamont declared a public health emergency in response to the COVID-19 pandemic, he declared it over.

  • business and industry
  • coronavirus
  • practice management
  • advocacy - state

Why private companies need a plan for ESG reporting, assurance

May 17, 2023

A midnight rummage through your refrigerator won't result in the discovery of something manufactured by Southwire alongside your favorite brand of cheese, but that cheese might not smell so appetizing without Southwire.

  • accounting and auditing
  • business and industry
  • practice management

70% of Gen Z Employees Would Switch Jobs for Better Tech: Weekly Stat

May 10, 2023

CFOs who want to retain Gen Z employees — a group that will make up more than a quarter of the workforce by 2025 — should embrace technology.

  • business and industry
  • career resources
  • practice management

A business imperative for promoting employees' mental health

May 10, 2023

A corporate leader felt strongly about addressing mental health in the workplace, so she wrote a book about it. Creating “a sense of belonging” is one first step for organisations.

  • business and industry
  • practice management

Create a magnetic culture at your firm

May 10, 2023

Our profession has in front of us the greatest opportunity for increased relevance and abundance that I have seen in 40 years. Demand for our services, skill sets, and leadership have never been higher. We can simply look at the growth percentages from the latest 2022 large firm reports and see that firms are growing at much faster rates due to this increased demand.

  • career resources
  • practice management

Several Member Firms Named to Accounting Today's 'Best Accounting Firms for Technology'

May 09, 2023

Each year, Accounting Today selects accounting firms who are embracing and utilizing technology to move forward. A number of those firms have a Connecticut presence.

  • practice management
  • technology and cybersecurity

The Best Firms for Technology for 2023

May 09, 2023

Already running high amid the profession's digital transformation, interest in artificial intelligence has exploded this year, with large numbers of firms weighing its applications. Accountants who are experimenting with these AI systems are already seeing results. Some report using it for generating marketing copy or internal staff memos. Others are exploring it as a research reference. One is even planning to use it to develop training videos to speed up employee development and onboarding.

  • practice management
  • technology and cybersecurity