EXECUTIVE SUMMARY THE SARBANES-OXLEY ACT HAS HAD a far-reaching impact on CPA firms, whether large, midsize or small. Firms that audit public companies have been working out strategies for coping successfully in their internal operations as well as in their relations with clients and prospects. THE STEPPED UP INTERNAL AUDIT
Human capital
Purcell Fills No. 2 Spot on Tax Committee
Thomas J. Purcell III, CPA, became the first educator selected as the tax executive committee’s vice-chairman. He is an associate professor of accounting and a professor of law at Creighton University, where he has been a faculty member since 1979. Those holding this post generally become chairman the following October.
Education Award Nominees Sought
The Institute invites state CPA societies and individuals to nominate accounting educators for the 2004 AICPA Distinguished Achievement in Accounting Education Award, which recognizes full-time college accounting educators who excel in teaching and are nationally prominent in the profession. Nominations are due February 1. More information on eligibility requirements and
Kick the Tires of a New Niche
EXECUTIVE SUMMARY AN AUTO-DEALER NICHE IS recession-resistant. In a poor economy dealers might want to cut CPA services but will need help with expense and inventory control. There are essentially five revenue streams in any dealership, and owners can adapt profit lines to fluctuations in the economy, making for
CPAs Add HR to the Mix
EXECUTIVE SUMMARY STAFFING IS EVERY COMPANY’S NUMBER ONE problem, and CPAs are in an excellent position to offer human resources (HR) consulting services to clients in need of financial professionals. HUMAN RESOURCES OUTSOURCING IS GOOD for clients that don’t feel they need a full-blown HR department. It can help
By The Numbers
Managers Play It Smart in Tight Labor Market It’s harder than ever to find and retain good employees, so managers have been using every resource at their disposal to maintain the quality and strength of their workforce. Two surveys indicated managers relied more and more on recruiting firms, executive assistants
Features
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.
