One of the biggest evolutions in the accounting field’s 100-year history is the presence of women in the profession. As of 2003 42% of full-time CPAs were women. Almost 6 in 10 (59%) of the staff in entry-level positions were women. Almost 1 in 5 partners (19%) and 4 in
Firm practice management
Limit Practice Liability
SANDRA K. MILLER, JD, LLM, is a professor of business law and taxation at Widener University, Chester, Pa., and is an American Bar Association committee advisor to the National Conference of Commissioners on Uniform State Laws. JAMES J. TUCKER III, CPA, PhD, is an associate professor of accounting and taxation
A Business Imperative
What do high labor costs, succession planning and client expectations have in common? Answer: They are all huge challenges facing the accounting profession. Large numbers of corporate and firm executives quickly are approaching retirement and many will leave in the next 10 to 15 years. The challenge is clear: Firms
Smart Stops On The Web
Stop Threats Near and Far www.isalliance.org Are your company’s computers suffering from Web insecurity? Give your PCs peace of mind with a visit to the Internet Security Alliance e-stop. Free registration gets you three best practices guides on cybersecurity for individuals, senior managers and small businesses. The News section offers
Not Your Fathers CPA Firm!
Today’s CPAs come from very diverse backgrounds and have very different expectations from the employees of a generation past. Students and new hires in the accounting profession have made it very clear they value balance in their lives—and workplace flexibility is a necessary component. Workplace flexibility, once considered a female
Making Flextime Work
Susan Coffey and Arleen Thomas, the first women to be promoted to senior vice-president at the AICPA, both make use of flexible work arrangements (FWA). With two young children each, Coffey and Thomas have used the AICPA’s telecommuting program and work two days a week from their home offices. Using
Ready to Move Ahead?
Present a positive role model. Take a good look at the image you project. Recognize the value of the whole person. There’s more to success than the number of hours billed or promotions earned. Balance your professional and personal goals. Take advantage of flexible work arrangements that allow you to
Flextime to the Nth Degree
After her twin boys were born in February 2004, Ann Donaghey decided to take an extended period of time off from her job as senior manager in the tax practice of Deloitte & Touche LLP’s Chicago office. Although she had been on a successful flexible work arrangement and had been
The Proof Is in the Payback
W e hear a lot in business about the importance of the tone at the top in motivating people to do the right thing. What leaders do (not just say) is a defining factor in how the rest of the organization behaves. The right tone is essential not only in
Color Barriers
A two-part survey—conducted by Catalyst in 1998 and again in 2001—of African American, Hispanic and Asian American women in corporate management, including accounting firms, revealed both positive and negative trends. On the positive side, respondents said they Experienced positive career growth. Employed several key strategies to succeed—with great emphasis on
“Mirror, Mirror, On the Wall: Have I Got My Priorities Straight?”
Burned out—or balancing tasks well? Are you juggling multiple tasks every day and exhausted from the demands of your personal and professional life? Perhaps it’s time for a schedule that provides more opportunity for work/life balance. There may be times in your career when an alternative schedule provides the support
Second-CPA-Firm Update
EXECUTIVE SUMMARY SMALL FIRMS CAN HELP COMPANIES implement the Sarbanes-Oxley Act’s ongoing requirements, take on engagements the company auditor may no longer perform or pick up assignments that larger firms forgo because they are too involved in Sarbanes-Oxley-related engagements. SECOND-CPA-FIRM WORK IS VARIED: One firm is tailoring a new
Answer Please: Fraud-Based Interviewing
EXECUTIVE SUMMARY ONE WEAPON AUDITORS CAN USE AGAINST FRAUD is simply to speak to clients, managers and employees while observing their behaviors. Normal interview skills may be insufficient to determine whether an individual is withholding information, shading the truth or outright lying, so it’s wise to learn fraud-based interview skills
Stay Out of Trouble
EXECUTIVE SUMMARY DEBATE HAS RAGED FOR YEARS i n financial and accounting circles over issues of independence, auditing and accounting standards, and corporate governance. In the event of an auditing malfeasance trial, a juror—unaware of this larger context—must arrive at a verdict based on what he or she learns about
Institute Appoints Liaison for International Activities
New director to manage Institutes international relationsAICPA personal finance Web site twice honoredInstitutes CPA Marketing Tool Kit cited for excellence. The AICPA in June named Gary M. Scopes, CPA, to be its director, international relations. He brings to the position experience in auditing, standards implementation and ethics enforcement. In addition
AICPAs Financial Literacy Site Wins Laurels
The Institutes online personal finance community won honors in two competitions. The primary site ( www.360financialliteracy.org ), which promotes CPA pro bono efforts to educate the public in personal finance, earned a Communicator Crystal Award for excellence in communication to its target audience. In addition, the sites latest addition (
Institutes Marketing Resource Gains Prize
The AICPAs CPA Marketing Tool Kit won a Big Apple Award from the Public Relations Society of America for exceptional support of marketing communications. Meanwhile, the Institute augmented the kit with a new brochure and speech designed to help members market their business consulting services to clients ( www.aicpa.org/cpamarketing ).
Nothing Succeeds Like Succession
EXECUTIVE SUMMARY SENIOR PARTNERS AT CPA FIRMS NEED TO PLAN how they will cash out of their practices. A firm’s revenues greatly depend on clients’ repeat business, so however partners choose to exit, maximizing value when they leave requires having knowledgeable, prepared successors who can keep clients during a transition.
“Would You, Could You, Should You Blog?”
EXECUTIVE SUMMARY BLOGS (SHORT FOR WEB LOGS) are an information-sharing tool with many business possibilities. They offer commentary on a variety of topics with links to Web sites or other online resources. Low operating costs make blogging a great marketing and knowledge management option for small firms. A BLOG TYPICALLY
“Outsourcing, Offshoring, Nearshoring: What to Do?”
EXECUTIVE SUMMARY FANS OF OFFSHORE OUTSOURCING SAY it lowers labor costs; it’s efficient; and it lets firms accept new work during periods of peak demand. SOME LONG-TERM CONCERNS CPAs VOICE ARE: How will outsourcing affect the traditional CPA career path? How will it affect U.S. employees’ training? How will accountants
Features
SPONSORED REPORT
Preparing clients for new provisions next tax season
As the 2025 filing season approaches, H.R. 1 introduces significant tax reforms that CPAs must be prepared to navigate. These legislative changes represent some of the most comprehensive tax updates in recent years, affecting both individual and corporate taxpayers. This report provides in-depth analysis and guidance on H.R. 1.
