Accountants who think they want to launch their own business should not proceed unless they have a clear vision of their company’s purpose and a thorough understanding of what it really means to become an entrepreneur. Those were among the main points made by a panel of accountants-turned-entrepreneurs during a
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Firm practice management
Guidance examines how to respond to questions about clients’ loan applications
CPAs can find nonauthoritative guidance on how to respond to requests for client information in connection with a pending loan application from Technical Question and Answer (TPA) 9110.19, which was developed by the AICPA Accounting and Auditing Technical Hotline. Prospective borrowers are asked to furnish only limited information in connection
Technology and CPAs: Visions of the future
Which technologies will have the biggest impact on accounting, and how will they transform the profession? Which technology skills will CPAs need to be successful?
Technology and CPAs: The full survey
Editor’s note: Also read, “Technology and CPAs: Visions of the future” in the June 2012 JofA. JofA: What do you foresee being the most important technologies CPAs will use in their jobs over the next decade? Bezugly: Whether they are client portals, mobile apps, or cloud computing, technologies that continue
Best practices for promotion of diversity in the accounting profession
At various summits over the past couple of years, leaders dedicated to the advancement of African Americans in accounting have proposed various strategies to promote diversity within the accounting profession. The most recent and extensive summit took place in December 2010, when four dozen accounting profession leaders and stakeholders met
In pursuit of inclusion: New initiative will focus on racial diversity
Even as Ken Bouyer looks with pride at the progress Ernst & Young LLP has made in recruiting minority candidates over the past 20 years, he realizes that his profession’s work to promote ethnic and racial diversity is far from over. Bouyer, E&Y’s Americas director of Inclusiveness Recruiting, said that
Secrets to surviving four technology storms ahead
George Colony sees a technology future in which the web fades in prominence to something akin to AM radio, society maxes out on social media, younger consumers’ habits radically depart from those of even the closest generation, and mobile engagement with customers could mean life or death for business models.
Finance and accounting workers feel secure in jobs, according to survey
Workers in finance and accounting feel secure in their jobs, but more than half say the economy has hurt their careers and nearly half plan to explore other positions when the job market opens up, according to a new survey. Finance and accounting employees are among the least likely professionals
Leaders from large accounting firms bullish but monitoring regulation, complexity, human capital
Complexity and competition in the public accounting profession will rise as businesses demand more, better, faster, and cheaper. Working in teams and harnessing data will become more critical. Services in areas of assurance, audit, tax, and advisory work will remain the core, while emerging international markets will open up risk
Gaining (from) your clients’ trust
For decades, CPAs in public practice have laid a foundation of trust with clients by competently handling confidential financial data and performing core services such as tax preparation. Today, forward-thinking CPAs are building on that foundation, expanding their business offerings, nailing down new revenue streams and cementing a more profitable
CPAs prioritize tech security
CPAs are confident that their organizations can secure their IT networks and manage data, but they doubt whether their employers will be able to generate revenue streams and other benefits from emerging technologies such as cloud computing and mobile devices, the AICPA reported in releasing the results of its 2012
Small businesses in U.S., Canada aren’t using accountants’ complete skills, survey shows
Efforts to get accountants more fully engaged with clients have found limited success with small businesses in the United States and Canada, a new survey shows. Forty per cent of small businesses surveyed in the U.S. and Canada do not even use an outside accountant, according to a report by
What CPAs need to know about organized crime
The FBI called it “The Case of the Stolen Company.” New Jersey U.S. Attorney Paul J. Fishman said it “gave new meaning” to the term corporate takeover. An indictment filed in a New Jersey federal court said that a group with ties to La Cosa Nostra (LCN), commonly known as
Planning and paying for partner retirements
John was one of three founding partners in a firm formed 35 years ago. He oversaw the buyout of the other two founding partners and, as managing partner, groomed three young managers as his successors. However, when the time came for these managers to be admitted as partners, two of
A wealth of opportunity
Much has been written in recent years about wealth management services that call for practitioners, including CPAs, to have personal financial planning certification and to come under investment-adviser or other regulations. Much less attention has been paid to PFP services that don’t require specialization or additional licensing. One of these
Keep the best and brightest
The AICPA’s Private Companies Practice Section (PCPS) recently completed a national survey about the attitudes and aspirations of the most promising young accounting professionals. The 2011 PCPS Top Talent Study (available at tinyurl.com/6tygubv) suggests how firms of all sizes can hang on to top talent. —By Yasmine El-Ramly, CPA/CITP, (yelramly@aicpa.org),
CPAs prioritize security, unsure how to best leverage new technologies
CPAs are confident that their organizations can secure their IT networks and manage data, but they doubt whether their employers will be able to generate revenue streams and other benefits from emerging technologies such as cloud computing and mobile devices, the AICPA reported Wednesday in releasing the results of its
A strategic approach to IT budgeting
Organizations of all types struggle with information technology (IT) budgeting. This often happens because the IT team doesn’t understand the budgeting process and the finance team doesn’t understand IT. CPAs, whether in public practice, business and industry, the not-for-profit sector or government, can remedy this disconnect by changing their organization’s
Daily money management
As Americans enter old age in rapidly increasing numbers, more accountants will run into situations like the one a Virginia CPA encountered last year. The CPA spent five hours rummaging through the home of a 94-year-old client, trying to find the paperwork needed to complete the man’s 2010 tax return.
Heads in the cloud: Part 2
The rapid growth of cloud computing is whipping up a storm of change and challenges, opportunities and obstacles for CPA firms. While many firms have embraced the Internet as a place to conduct business more efficiently and effectively, others are holding back, often due to concerns about the security of
Features
FROM THIS MONTH'S ISSUE
Making the right choice when no one is watching
The true test of one’s character is the decision made when no one is looking over your shoulder. Learn how CPAs can uphold ethical standards and take actions that help limit liability risk.
From The Tax Adviser
April 30, 2026
Current developments in taxation of individuals: Part 2
April 30, 2026
