News

In a joint effort to support the next generation of accountants while maintaining accounting’s rigorous public protection mandate, the AICPA and NASBA have proposed an initiative aimed at helping CPA candidates meet initial licensure requirements.

There’s a growing number of accountants admitting they have ADHD and their struggles with the neurological condition. This Reddit thread asking if there were ADHD accountants has over 140 comments, with people sharing their experiences of living with ADHD in accounting.

In a landmark decision earlier this year, the Supreme Court addressed a crucial issue regarding the valuation of shares in closely held corporations for federal estate tax purposes.

Contemporary succession planning for CPA firms is crucial to ensuring the continuity, stability, transitioning and growth of the firm. Given the evolving nature and current transformation of the public accounting industry, succession planning must adapt to modern challenges and opportunities.

AI is not just the latest technological revolution; it is poised to be the most significant, having a larger impact than either the computer or the internet revolutions. To understand this impact, it helps to use a 200-year-old theory by Adam Smith.

Now is the time for businesses to develop a plan for timely filing and to consider the new procedures that come with this responsibility.

With merger and acquisition (M&A) activity on the rise in 2024, a trend that practitioners are encountering is the preparation or audit of the associated purchase accounting, which is required under Accounting Standards Codification (ASC) 805, Business Combinations.

The arrival of artificial intelligence (AI) is causing a seismic shift in the field of forensic accounting and litigation support. It’s critical for CPAs to understand these changes to stay ahead in this quickly chang­ing field.

Occupational fraud represents a significant risk to every organization, regardless of size or industry.

Financial planners may not fully appreciate the value of a CPA firm’s client relationships if they suggest a simple one-to-one referral partnership.

Today’s business environment is complex and unprecedented. With rapid technological advancements and ongoing people challenges, traditional leadership approaches have proven insufficient. Accounting firms and CFOs face unique challenges and oppor­tunities, necessitating a shift in leadership strategies.

The foundation for having optimal performance and reduction of risks is to ensure that there are adequate internal controls. These are processes designed to provide reasonable assurance about the achievement of the company’s objectives with regard to the reliability of financial reporting, effectiveness and efficiency of operations, and compliance with laws and regulations.

Accounting firms that provide audit, review, and compilation services are subject to the standard, and are required to be in compliance by December 15, 2025.

Achieving a proper work-life balance is something that we need to constantly work at, but the right technology can bring a little more free time to an accountant's day-to-day life.

The recent Gov Fin 2024 conference in New York City provided a comprehensive exploration of government financial reporting, focusing on the implications of the Financial Data Transparency Act.

Despite 55% of small business owners rating their financial literacy as ‘high’, half (50%) actively face fiscal challenges in their business due to a lack of it; 15% of those respondents have not yet recovered.

Accounting and tax had an overall score of 71.92 out of 100, just behind manufacturing which has the most satisfied workers.

Annette Hill, a certified public accountant and principal in the Butte office of Pinion, recently received the Distinguished Service Award at the Montana Society of Certified Public Accountants’ annual conference held at Fairmont.

Legislation passed in 2021 enacted major changes to Montana's income tax system, including lower income tax rates and adjustments to how Montana wage holding is calculated.

For CPA firms, boosting employee engagement and retention is crucial to long-term success. Higher engagement and retention mean fewer resources spent on hiring and onboarding, preserving institutional knowledge, and maintaining positive organizational growth and morale.