CPA firms are adding to their fields of expertise in order to take advantage of new opportunities By Brett Johnson, February 27, 2017 at 3:00 AM Ralph Thomas, CEO and executive director, New Jersey Society of CPAs – (PHOTOS BY AARON HOUSTON) New Jersey Society of CPAs CEO Ralph Thomas has seen accounting firms […]
Attract and retain talent by understanding this paradigm shift. By Hitendra Patil Accountaneur Topmost thought leader Ronald J. Baker said, “The World Bank reports that 80 percent of the developed world’s wealth resides in human capital, illustrating that we’ve been in a knowledge economy since the 1950s. Yet most accounting firms are utilizing a business […]
In today’s challenging economic environment, external auditors — from sole proprietors to the largest international CPA firms — are under a microscope to ensure they are achieving high-quality auditing of financial reporting. CPA firms have recently been in the crossfire of negative results reported by standard setters and regulatory agencies. So how can you ensure […]
By Michael Cohn Published February 22 2017 The American Institute of CPAs’ Auditing Standards Board has revised its standard for going concern opinions. The new standard, Statement on Auditing Standards No. 132, The Auditor’s Consideration of an Entity’s Ability to Continue as a Going Concern (AICPA, Professional Standards, AU-C sec. 570), supersedes SAS No. 126 […]
By Daniel Hood February 13 2017 The number of changes facing the accounting profession will leave most practices radically altered in the near future, according to Barry Melancon, the president and CEO of the American Institute of CPAs. Speaking at a gathering of technology vendors hosted by CPA.com and the institute, Melancon told attendees, “We […]
B Michael Cohn July 27 2016 New Jersey Society of CPAs CEO and executive director Ralph Albert Thomas is encouraging CPA firms and other businesses to expand their diversity and inclusion efforts. During a speech Wednesday in New York at a meeting of the Accountants Club of America, Thomas stressed that CPA firms need […]
By Edward Mendlowitz Published January 23 2017, 2:16pm EST This is a follow-up to my previous column, where I suggested larger firms have a specialization as a generalist. This will illustrate some ways of accomplishing that. A generalist has to be knowledgeable in most areas, but possibly expert in none. A generalist should be […]
By Michael Cohn January 24 2017 American Institute of CPAs president and CEO Barry Melancon is expecting Washington to pass major tax reform legislation during the Trump administration, and some Democrats may even cross the aisle to help Republican lawmakers enact it. Speaking Tuesday in New York at a meeting of the Accountants Club of […]
By Joanne Barry January 23 2017 Donald Trump being sworn in on the steps of the Capitol Building. Bloomberg News Some people love him. Some people hate him. Regardless of what anyone feels about him, New York City real estate mogul and TV reality show star of The Apprentice Donald J. Trump has been sworn […]
By Sean McCabe January 05 2017 Top 100 accounting, tax, and advisory firm CohnReznick announced this week that they are a recipient of the Winner’s Circle Award for “Women in Leadership.” Part of the Winning Is Everything Conference, the Winner’s Circle Awards recognized CohnReznick for its inclusive firm culture that has promoted the advancement […]
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