Tax, accounting, auditing news - Journal of Accountancy

June 20, 2017

What audit committees need to know about PCAOB’s Form AP

Audit committees have new information to consider as a result of a new PCAOB rule requiring the naming of the engagement partner and other firms participating in the audit.

June 19, 2017

How the CPA Exam is scored

CPAs take immense pride in what they accomplished when they passed the CPA Exam, but the grading of the exam is a mystery to some. A new report provides some clarity on how the exam is scored.

June 15, 2017

How audit methodologies will change in the future

Embracing technology and making changes in your firm now will help your firm succeed in the future as new technologies enable auditors to provide more value to clients.

June 14, 2017

CPA firms: Create a niche practice serving the emerging gig economy

As entrepreneurial workers increasingly embrace the autonomy and flexibility of performing as independent contractors, they need CPA firms to help them with taxes, accounting services and other business needs.

June 14, 2017

Technology trends for accounting firm leaders

Rapid advances in technology are causing headaches and creating opportunities for accounting firms.

June 14, 2017

Create a workplace where employees want to stay

In a competitive environment, managers can do these five things to motivate and retain their best workers.

June 14, 2017

Good clients, bad clients: How to manage them all

Success starts with honing in on a firm’s “sweet spot” in terms of services provided, and identifying the firm’s best (and worst) clients.

June 14, 2017

Preserve family wealth—and your practice—by engaging the next generation

As wealthy Baby Boomers transfer their assets to Millennials, CPAs can help families preserve their assets and build loyalty to the firm by developing relationships with the younger heirs.

June 14, 2017

Staffing concerns again top list of CPA firm issues

Finding and retaining qualified staff again rank at or near the top of the priority list for firms with more than one professional.

June 14, 2017

Association, CPA.com launch ‘Shark Tank’ for startups

The Association and CPA.com Startup Accelerator will provide funding and other support to as many as five early-stage companies that emerge from a competition.

June 13, 2017

Why CPAs need to get a grip on blockchain

The decentralized ledger system may seem confusing, but it also adds up to new opportunities for savvy financial professionals.

June 13, 2017

Furious rush of digital disruption creates opportunities for CPAs to help clients

The demand is increasing for CPA firms to understand how new technologies are affecting clients.

June 13, 2017

Centralized partnership audit rules are reissued in proposed form

The IRS reissued proposed regulations governing the centralized audit rules, which assess and collect tax at the partnership level.

June 12, 2017

How to improve audit planning effectiveness and efficiency

Attention to the right details during planning can save time and enhance audit quality.

June 12, 2017

Companies spending more time on SOX compliance

US public companies spent more time in 2016 than in the previous year complying with Sarbanes-Oxley Act regulations, according to a new survey report.

June 12, 2017

Cognitive impairment does not necessarily have to derail your clients’ planning

Clients in the early stages of Alzheimer’s disease or dementia may still be able to take part in financial planning. Learn what precautions CPAs need to take when working with these clients.

June 12, 2017

Stop behavioral biases from sabotaging your clients’ long-term objectives

Here are some ways CPAs can help prevent their clients from making emotionally driven investing mistakes.

June 9, 2017

IRS provides simplified method to request an extension of time to make a portability election

In a taxpayer-friendly development, the IRS issued guidance permitting certain estates to make a late portability election if they did not make a timely election.

June 8, 2017

News quiz: Keeping workers on the job

See how much you know about recent accounting and tax news.

June 7, 2017

Finance staff general accounting duties level off

After two years of decline, the percentage of company financial staff devoted to general accounting leveled off in 2017.

FROM THIS MONTH'S ISSUE

Right-sizing risk management

Sole practitioner or small firm? Risk management doesn’t have to be “one size fits all.” Learn how to help protect your practice without adding unnecessary admin time.