PROFESSIONAL LIABILITY SPOTLIGHT
By establishing sound client acceptance procedures, CPAs often can identify problem clients before they cause trouble.
PERSONAL FINANCIAL PLANNING
What impact are tax law changes having on financial planning? Why might the retirement of the Baby Boomer generation lead to firm consolidation? How will the rollout of new standards affect personal financial planners? Experts answer these and other important questions.
IN PRACTICE / TAX
The authors distill research published in tax and accounting journals of interest to busy tax practitioners. This article focuses on academic research in taxation, including the effects of statutory tax incentives on individuals’ and businesses’ behavior and the effect of incentives on tax planning by tax directors.
FINANCIAL REPORTING / PROFESSIONAL DEVELOPMENT
Robert Herz, CPA, has published a memoir describing his experiences as FASB’s chairman during a time when the financial crisis and convergence movement gripped the accounting world. In this Q&A, read about Herz’s views on change management, leadership, convergence, and complexity.
FROM CGMA MAGAZINE
In today’s hyper-competitive global marketplace, the ability to consistently generate valuable products separates top performers from mere observers.
CPA credentials are fairly mobile across U.S. state lines, and CPAs interested in working outside the United States will find the path to six countries open and hassle-free.
Demographic and marketplace shifts are remaking the landscape for CPA firm succession plans. What has changed, and why do CPAs need to understand the M&A market before setting their succession strategy? Find out in the first installment of our series, “CPA Firm Succession: Solidifying the Future.”