By Jeanne Boillet Published July 26 2017, 11:51am EDT The audit profession is eyeing blockchain. With capital markets and investors constantly demanding more information about businesses, it’s no surprise that the audit profession is looking at blockchain with interest. It could fundamentally change the nature of auditing by revolutionizing supply chains, payments and revenue streams […]
By Edward Mendlowitz Published July 24 2017, 1:11pm EDT You may or may not feel different the first day you wake up as a partner, but you will be different. People’s perceptions of you will have changed. You will now be a partner and as such an owner, a prestigious person within the profession and […]
By Joanne S. Barry, CAE July 2017 Issue, Publisher’s Column, Featured July 2017 In 2015, the NYSSCPA leadership established the Moynihan Fund as a way to recognize the contributions of recently deceased past president David J. Moynihan. The fund would be composed of the two education-based initiatives that since their inception have been programs of the Society’s […]
Will you be ready? By Hitendra Patil Accountaneur: The Entrepreneurial Accountant Stock exchanges and banking systems have worked on similar fundamentals in handling and creating what are known as “non-repudiable” transaction records: straight-through processing (STP), electronically connected networks of intermediaries in their “ecosystem,” etc. But unlike bitcoin, the stock exchange and banking systems are highly […]
With the incredible support of our co sponsor, Ed Sirlin and Signature Bank the Accountants Club of America Walt Frazier Event was a huge success! By Michael Cohn Published June 21 2017, 5:12pm EDT Basketball legend Walt “Clyde” Frazier told a group of accountants about his experiences playing for the New York Knicks™ championship teams […]
By Vincent J. Love and Thomas R. Manisero This article explores the history and current risks for CPAs who offer services relating to “plain paper” financials. The profession was “burnt” once in 1136 Tenants’ Corp. v. Max Rothenberg & Co.; will commercial interests lead to cases being brought against CPAs if they perform “preparation services […]
By Michael Cohn Published May 09 2017 In today’s firms, older CPAs often find themselves explaining to younger staff how they used to rely on technologies like fax machines and calculators, while trying to get up to speed on newer cloud technology as they compete with the Big Four firms for new graduates. A multi-generational […]
By Michael Cohn Published May 03 2017 10 ways to delegate at your firm after busy season The difficulties accounting firms face in recruiting staff make it all the more crucial that they use the staff they have efficiently — and that means getting partners to delegate work. One reason that partners may not delegate […]
By – Jeff Thomson Published – May 05 2017 On May 6, we at the Institute of Management Accountants celebrate International Management Accounting Day to show appreciation for the accountants and financial professionals who do their part to enable ethically sound, value-driven organizations benefitting the public interest. Management accountants – or accountants who primarily work […]
By Edward Mendlowitz Published: April 03 2017 When I started my practice I tried to extend as many clients as I could. I figured this would ease tax season and spread the work out throughout the year. I found out this is not workable—for me. Now, we do whatever we can to get a return […]
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