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TECHNOLOGY

Rate Yourself in the Paperless Race

The pace of the changeover is mixed in some areas and quickening in others, but on average accountants are using more paperless methods to save time and money.

PROFESSIONAL DEVELOPMENT

Be a Great Manager

Executive training programs are booming. Many alternatives are available to CPAs who want to expand their management skills.

AUDITING

The New World of Auditing Standards

A conversation with the ASB. ver the past several years the Sarbanes-Oxley Act and other events have dramatically affected the setting of auditing standards and the focus of the audit process. While the act requires auditors of public companies—the issuers—to follow the Public Company Accounting Oversight Board’s (PCAOB) auditing standards,

TAX

Tax Reporting for Houses of Worship

What is a “church,” and how is it taxed? EXECUTIVE SUMMARY If the IRS classifies an organization as a church it may enjoy several tax-related benefits, such as an exemption from federal income tax, exemption from applying for tax-exempt status, exemption from unemployment taxes and exemption from filing certain annual

PRACTICE MANAGEMENT

Small-Firm Technology Tips

Increase your competitive edge without breaking the bank. EXECUTIVE SUMMARY Telephone systems are moving beyond the traditional hard-wired and expensive PBX. By combining computer and Internet technology with voice calls, a small firm can manage more incoming calls and sound like a larger organization. There are many choices and services

CASE STUDIES

Recruiting Made Easy

A talented recruit may be your next partner. You never know. EXECUTIVE SUMMARY Porter Keadle Moore LLP established a comprehensive campus recruiting presence on eight college campuses to recruit hires directly from schools. That way it can train staff in its unique processes from the very beginning. A first step

PRACTICE MANAGEMENT

Build a Better Career Path

Your future depends on how well you cultivate your staff. EXECUTIVE SUMMARY Small practices have to do more to attract and retain the talent they need to handle client services, work toward succession, increase firm value and effectively compete with larger firms. How employees are treated is as important to

CASE STUDIES

Accounting Academy

From high school to the corner office. EXECUTIVE SUMMARY The board of directors of the Tennessee Society of CPAs (TSCPA) runs a summer accounting program targeting qualified high school juniors and seniors. The most important success factors were support from the Georgia CPA Society, the financial and personnel support of

FROM THIS MONTH'S ISSUE

AI risks CPAs should know

Are you ready for the AI revolution in accounting? This JofA Technology Q&A article explores the top risks CPAs face—from hallucinations to deepfakes—and ways to mitigate them.