Consulting is now a cash cow for accounting firms, raising concerns about conflicts of interest At the Big Four accounting firms—Deloitte, PricewaterhouseCoopers, Ernst & Young, and KPMG—total global revenue from consulting and advisory work now exceeds traditional auditing, where revenue has been relatively flat. PHOTO: REUTERS(2); ZUMA PRESS(2) By Michael Rapoport April 7, 2018 7:00 a.m. ET […]
It bears repeating: Now is a great time to be an accountant | Accounting Today
/in Blog/by CherylBy Daniel Hood Published August 31 2018, 10:26am EDT Amid all the worries about staffing shortages and succession issues; amid the din of doomsayers prophesying disintermediation by blockchain, artificial intelligence or worse; amid the clamor of ever-more demanding staff and clients; amid the tightening competition from within the profession and without; amid the endless pressure […]
CPAs Fight to Protect Part of Their Turf | Wall Street Journal
/in Blog/by CherylSome CPAs are fighting with their trade group about who gets to value complex assets for companies Some CPAs are objecting fiercely to a proposal by their main trade group to allow people from outside their ranks to be credentialed to help companies value complex assets. PHOTO: ISTOCK By Michael Rapoport Updated Aug. 20, 2018 5:17 p.m. […]
MPs Grapple With Changing Firms and Technology – ACA July 19, 2018 Event | Accounting Today
/in Blog, Events, Past Events/by CherylBy Michael Cohn Published July 19 2018, 4:46pm EDT A group of managing partners of three New York-area accounting firms discussed the challenges they are facing and some of the new trends during a meeting Thursday of the Accountants Club of America. One of the trends is artificial intelligence. “As a small firm, we’re just starting […]
CPA Journal’s Max Block Award – Walter Primoff
/in Members in the News, News/by CherylFrom the CPA Journal Editors to Walter Primoff – What an awesome accolade! Congratulations! “I am pleased to extend my congratulations to you, as you are the recipient of The CPA Journal’s 2017 Max Block Award for the outstanding article in the category of News & Views/Opinion for your article, The Equifax Data Breach, published in the December issue” To read the article – click […]
NYSSCPA Elects BDO’s Jan Herringer as President | Accounting Today
/in Blog, Members in the News/by CherylThe New York State Society of CPAs has elected Jan Herringer, a partner at BDO USA LLP, as president, effective June 1. Herringer has been a member of the NYSSCPA since 2005. One of her goals as president will be diversity and inclusion within the profession, expanding the work of the NYSSCPA Diversity and Inclusion […]
Art of Accounting: Tooting your horn | Accounting Today, Edward Mendlowitz
/in Blog/by CherylBy – Edward Mendlowitz Published – June 18 2018, 3:34 pm EDT One thing I am good at is leveraging something I did. Leverage in this case means benefiting additionally from what you’ve done. There are also many ways to use leverage. Here are some things I’ve done. • If I have completed a particularly complicated […]
The Right Trust Can Yield Tax Advantages For Wealthy Clients
/in Blog, Members in the News, News/by CherylAPRIL 30, 2018 • JEFF STIMPSON High-net-worth clients with estates worth more than $11.18 million per taxpayer must still pay estate taxes under reform. Such clients looking to pass on wealth may now want to look at non-grantor trusts, potentially more attractive due to the Tax Cuts and Jobs Act. In a non-grantor arrangement, the trust owns […]
Art of Accounting: ‘What’s a CD?’
/in Blog, Members in the News, News/by CherylEarly on in my career I met with a widow to review her finances and plan her cash flow after her husband’s death. One of her two daughters was also at every meeting. I knew the husband very well, but had never met his wife or children, and was aware of her being very risk […]
Art of Accounting: The rest of the year begins the day after the day after tomorrow | Accounting Today
/in Blog/by CherylTax season ended April 17th and hopefully you took of April 18, so you’ll be ready to start the rest of the year. How will you manage this? Read more…
How Did the Big Four Auditors Get $17 Billion in Revenue Growth? Not From Auditing | WSJ
/in Blog/by CherylConsulting is now a cash cow for accounting firms, raising concerns about conflicts of interest At the Big Four accounting firms—Deloitte, PricewaterhouseCoopers, Ernst & Young, and KPMG—total global revenue from consulting and advisory work now exceeds traditional auditing, where revenue has been relatively flat. PHOTO: REUTERS(2); ZUMA PRESS(2) By Michael Rapoport April 7, 2018 7:00 a.m. ET […]