CPA leaders’ optimism declined sharply in the second quarter, as tariff concerns mount and businesses pivot their strategies to accommodate shifting requirements, according to a new AICPA survey.
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Management accounting
Tariffs back in force after appeals court ruling
A federal appeals court temporarily restored President Donald Trump’s power to impose tariffs. The Thursday ruling followed a district court’s nationwide injunction Wednesday curtailing that authority.
State of Play: How firms are helping smooth sustainability reporting
The latest data from research by the International Federation of Accountants, the AICPA, and CIMA reveals that nearly three-fourths of the largest global companies obtained assurance of sustainability disclosures in 2023, with the majority depending on audit firms. U.S. companies rank ahead of the pack when it comes to obtaining assurance but behind the pack when it comes to depending on audit firms.
Professional liability Q&A: AI disclosure, retired-partner risk, and more
An author of the JofA’s Professional Liability Spotlight column explains why the answer to the question “Should I disclose my use of generative AI to clients?” isn’t simple. Listen to the podcast episode or read the Q&A.
The value of stay interviews; also, are business cards becoming extinct?
Two guests discuss the ways employers can focus on retention and engagement — and how outside interests have a way of inspiring us at work. Listen to the podcast episode or read the Q&A with April Walker, CPA, CGMA, and John Garrett.
CFOs express negative economic sentiment
Almost three-fourths of CFOs have a negative view of the current economy and its impact on their organization, according to a survey of emerging and midmarket finance leaders.
AICPA, CalCPA jointly call for clarity regarding California climate rule
The organizations, on behalf of CPAs, responded to a request for feedback from the California Air Resources Board with recommendations related to guidance on the reporting and assurance requirements of recent legislation.
JofA-branded podcast: Critical conversations about business transition planning
In this Journal of Accountancy-branded podcast, a senior wealth strategist and managing partner share advice on how to initiate conversations with business clients about transition and succession planning.
Untangling tariffs: Consumers expected to bear the brunt
The majority of companies represented in a survey said they plan to pass along most, if not all, costs created by tariffs to their customers.
Domestic economic sentiment declines 20 percentage points among CPA execs
CPA executives in business and industry have lowered expectations for the U.S. economy and, to a lesser extent, their own organizations, according to a quarterly AICPA & CIMA survey.
Top 20 firm CohnReznick executes the latest private-equity deal
The partnership, continuing an industrywide trend, necessitates the creation of an alternative practice structure featuring a new CPA firm for attest services and a separate firm for nonattest services.
Generative AI’s toughest question: What’s it worth?
Finance leaders struggle to determine generative AI’s costs and benefits, but there are suggestions on how to tackle the problem.
How finance can get started with gen AI
Follow these steps to make sure you are on track with this game-changing technology.
Economic optimism rises among CFOs
Almost three-fourths of CFOs in a Deloitte survey think the economy will improve over the next year. That sentiment, among finance leaders at companies with more than $1 billion in annual revenue, is up sharply from the previous quarter.
Who cares? Companies that care are better positioned with talent
Most employees don’t think their employers prioritize their well-being, creating an opportunity for companies that cultivate a culture of caring.
Hiring best practices: How to succeed in a competitive labor market
What’s the outlook for finance and accounting hiring in the new year, and what role could fully in-office work play? Listen to the podcast episode or read the Q&A with a placement expert.
A second private-equity company acquires top 20 firm Citrin Cooperman
Blackstone acquires a majority investment made less than three years ago by a fellow private-equity company, the latest in a long line of recent deals involving large accounting firms.
Seeing the future: 4 CPA leaders look ahead to 2025
Finance leaders sum up sentiment, their own and that of attendees at the Future of Finance Summit. With a focus on positivity, relevance, and tidbits they can take back to their teams, there’s plenty to consider as 2024 winds down. Listen to the podcast episode or read the Q&A.
FASB proposal offers guidance on disclosure of environmental credits
The proposal aims to address gaps in guidance for financial accounting of environmental credits and environmental credit obligations.
A change in optimism about the US economy
Projections for revenue and profit growth for the coming 12 months are notably higher than recent previous quarters, according to a new survey. Why is that? Learn more about the results by listening to the podcast episode or reading the Q&A.
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How to find the right CAS clients
The key to success with CAS is selecting the best clients. Tools like ideal client profiles (ICPs), buyer personas, and even artificial intelligence can help identify the businesses that best fit each CAS practice.
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