A global survey reveals that executives aren’t changing jobs nearly as often as they did a year ago, but many are seeking better internal support for strategic objectives built around artificial intelligence.
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TOPICS
Firm practice management
Liability lessons on documentation, high-profile clients, CAS engagement letters
An author of the JofA’s Professional Liability Spotlight column explains why documentation matters in defending liability claims and what can go wrong when CPA firms serve high-net-worth or celebrity clients. Listen to the episode or read the Q&A with Sarah Ference, CPA.
Tips for writing CAS engagement letters
The nature of a client accounting and advisory services engagement is determined solely by the agreement between the accountant and client.
IESBA to assess need for standards on alternative practice structures
The International Ethics Standards Board for Accountants will examine whether new standards are needed to address ethical considerations related to the prevalence of private-equity investment in the accounting profession — a topic already being addressed by the AICPA Professional Ethics Executive Committee.
Top 50 firm announces new majority private-equity investment
Schellman’s investment from Goldman Sachs, a transaction expected to close in the second quarter of this year, comes after its initial private-equity deal with Lightyear Capital in 2021.
Luxury liabilities: Serving high-net-worth clients
Managing the lifestyles of the rich and famous has its appeal. You can make money while also getting a glimpse into a world most people never get to see. But not everything is glitter and gold. Though these engagements offer intriguing and lucrative opportunities, they also present heightened risks. Imagine
COSO creates audit-ready guidance for governing generative AI
The Committee of Sponsoring Organizations of the Treadway Commission’s publication relies on its proven internal control framework to help companies manage AI-related risks.
Corporate spending accelerating toward AI in 2026
CFOs and finance leaders in a Gartner survey signal increased spending on technology in the coming year, along with lower average pay raises for a third consecutive year.
Tell a story with your documentation
In the event of a professional liability claim, your documentation tells your story. Make sure it is the story you want to tell.
Getting unstuck by rethinking processes, people, and AI
What happens when a CPA firm leans into AI and finds a way to ditch busy season? The leader of a small firm shares results and the lessons learned. Listen to the podcast episode or read the Q&A.
How a CPA beat burnout after strokes, years of depression
After suffering two strokes in four days, the author battled mental health issues before he learned to recognize, address, and prevent chronic stress.
Don’t let a bankrupt client bankrupt you
When clients go bankrupt, CPAs face major liability risks. Learn how to spot red flags and help protect your firm from costly claims and lawsuits.
Simple but effective AI use cases for CAS
Discover a six-step process to implement artificial intelligence and explore examples with specific tools.
Are CPA firms ready for the next wave of data security threats?
An author of the JofA’s Professional Liability Spotlight column explains the importance of engagement letters for CPA firms and previews the January column’s focus on client bankruptcy. Listen to the episode or read the Q&A with Sarah Ference, CPA.
4 reasons why CAS offers a compelling career path
Why educators should help students explore the growing opportunities in client advisory services.
Common audit claims and defenses
In the professional liability world, audit claims are relatively infrequent but exceptionally expensive.
A firm grasp on growth: 6 strategies common among high-growth firms
A global survey identifies actions taken by high-growth tax and accounting firms of all sizes that aren’t being taken by stagnant firms.
A new frontier: CPAs as AI system evaluators
Artificial intelligence has a trust problem. CPAs have the credibility and skill sets to address the issue.
Blocking and tackling: Engagement letters for tax compliance services
Failure to have a proper engagement letter can lead to tax claims being asserted against firms. Learn how to help lower your risks.
Building a firm where CPAs want to work
Firms that distinguish themselves as employers of choice offer employees a healthy workplace culture, which helps recruit and retain talent.
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