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The Public Company Accounting Oversight Board’s recently proposed rules on auditing accounting estimates and using the work of specialists indicate the PCAOB wants auditors to view management bias more skeptically. At a meeting earlier this month, the PCAOB issued a pair of proposals to strengthen its requirements for an auditor’s use of the work of […]
If a CPA firm has a partner performance management and compensation plan (and many don’t), rarely is it used as a means of driving strategy and running the firm. Instead partner goal setting and evaluations are used merely as a means of rewarding partner compensation—one of the greatest challenges for senior management and executive committees. […]
With so many firms undergoing mergers and acquisitions as part of their overall growth strategy, knowing how to handle these brand transitions smoothly is a critical component of a firm’s long-term viability. Many firms focus only on the financial and logistical aspects when they approach a merger or acquisition, leaving marketing and branding as an […]
Sustainability information is increasingly a part of corporate reporting, but many companies are still relying on boilerplate language in their disclosures, according to a recent report. A study by the Sustainability Accounting Standards Board reviewed the latest 10-K and 20-F filings of top companies in 79 industries. The study found that 69 percent of the […]
Blockchain was a favored subject during the American Institute of CPAs annual conference, AICPA Engage, in Las Vegas this year, held June 11-15. Sessions on the technology were well attended, with attendees clearly interested in learning how the technology would affect the future of the accounting profession. Blockchain technology is essentially a distributed ledger platform […]
An official from the American Institute of CPAs testified Wednesday before the Senate’s Small Business and Entrepreneurship Committee in favoring of lowering taxes for small businesses as much as corporations. “Tax relief should not mean a rate reduction for C corporations only,” said AICPA Tax Executive Committee chair Annette Nellen in her written testimony. “Congress […]
Succession planning isn’t just for retirement anymore, according to ConvergenceCoaching co-founder Jennifer Lee Wilson. “The whole discussion of transition isn’t just retirement,” Wilson told attendees at a sessionon building a better succession transition between different age groups at the AICPA’s 2017 Engage conference, held in Las Vegas this week. “It’s much broader than that. Great […]
An “almost incomprehensible” increase in the pace of change and technological development is going to require the accounting profession to make significant changes to survive and thrive, according to American Institute of CPAs president and CEO Barry Melancon. Speaking in an update on the profession with institute chair Kimberly Ellison-Taylor at the 2017 AICPA Engage […]
Rep. Lloyd Doggett, D-Texas, the ranking Democrat on the House Ways and Means Tax Policy Subcommittee, introduced a “privileged resolution” Tuesday that would require the House to immediately request President Trump’s tax returns and those of his businesses. The resolution, which would need to be considered within two legislative days, would also postpone consideration of […]
Wisconsin-based firm Wipfli has released a new Microsoft Dynamics AX and Concur Travel and Expense Management connector for medium to large enterprise travel managers. The new tool, called ExpenseConnect, is proprietary to Wipfli and the data moves bi-directionally between the software platforms. It is customizable based on business needs and workflows, and can handle multi-currency […]
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