This story follows a fictional accounting firm, C&P, through its journey from dysfunction and slow growth to success. Although not a novel, the authors use a narrative format to teach readers about the Practice Growth Model, a way of looking at the resources needed to achieve effective growth for improved
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Information management and technology assurance
Smart Stops on the Web
SMALL BUSINESS SOX ASSISTANCE www.sec.gov/info/smallbus/404guide.shtml This site features content from the SEC’s Sarbanes-Oxley Section 404—A Guide for Small Business, a publication for small public company managers and their auditors as they begin to assess internal control over financial reporting. Sections such as “What Constitutes Effective Internal
Highlights
FASB issued Statement no. 141(R), Business Combinations , and Statement no. 160, Noncontrolling Interests in Consolidated Financial Statements . Effective for fiscal years beginning after Dec. 15, 2008, the standards are intended to improve, simplify and internationally converge accounting for business combinations and the reporting of noncontrolling interests
Debit Cards, ACH Payments Gain Ground
A Federal Reserve study found that electronic payments, which include debit and credit card, automated clearing house and electronic benefits transfer payments, exceeded two-thirds of the 93.3 billion noncash payments made in 2006. All types of electronic payments grew in popularity and use, while check payments decreased, between 2003 and
Six Steps to XBRL
EXECUTIVE SUMMARY XBRL is reinventing how we transmit and use data in business. XBRL is not just for SEC companies: Small businesses and practitioners alike could soon be using XBRL to submit information to bankers, the IRS, and other agencies. XBRL will become a part of every CPA’s
Discover the Power of Excel 2007
When most users open Office 2007’s Excel—launched with Microsoft’s new Vista operating system—their first reaction is, “ Where’s the file menu? How do I begin?” This article is designed to help you steer through the labyrinth of new and super-powered functions. Even more important, it will show you
Print The Contents of Any Directory
» Key to Instructions To help readers follow the instructions in this article, we used two different typefaces: Boldface type is used to identify the names of icons, agendas and URLs. Sans serif type shows the names of files and the names of commands and instructions that users should type into
Vendor Management Tips
Selecting the right vendors and properly managing vendor relationships can help protect your company from damages and long-term losses. As more work is outsourced to specialized vendors, companies face greater exposure to fraud, security breaches and the possibility of financial losses. When companies outsource, they are still responsible
Data Point: 26
Percentage of workday spent managing e-mail in 2006. For corporate users, this is projected to increase to 41% in 2009. Source: The Radicati Group Inc., www.radicati.com .
Auditing
For news from the AICPA and state societies, visit www.cpa2biz.com, which also offers online CPE, AICPA professional literature, practice management aids and links to state society Web sites. The letter is co-signed by CAQ Governing Board Chairman James S. Turley, chairman and CEO of Ernst & Young LLP, and
Smart Stops on the Web
BUSINESS & INDUSTRY SOX IT TO ME www.insidesarbanesoxley.com This blog is dedicated to all things Sarbanes-Oxley and posts the latest news and developments related to the law. The “Books” section features links to buy SOX tomes that cover the basics, provide tools and offer tips for
Make Tax Research Less Taxing
Selecting a Web-based tax research service is not a simple task. Commercial publishers offer a variety of premium and economy plans that can be bundled and priced in many ways. The variations make the selection process especially difficult. Although the basic pricing and services of the products
Highlights
FASB tentatively approved a one-year delay in the effective date for FIN 48, Accounting for Uncertainty in Income Taxes, for private enterprises, including not-for-profit organizations. Acting on a request from the Private Company Financial Reporting Committee for a deferral, the FASB board is seeking public comment on a
Mastering the Payment Card Industry Standard
EXECUTIVE SUMMARY Becoming familiar with the Payment Card Industry Data Security Standard is a prerequisite to understanding the regulatory environment in which many businesses that accept credit and debit cards operate. PCI dovetails with a CPA’s core competencies in attest work, risk management, internal audit support and fraud
Notice to Interviewers: Turn On the Charm
CAREERS AND RECRUITINGWith two-thirds of job seekers reporting that interviewers influence their decision to accept or decline job offers, untrained and aloof interviewers may be a company’s own worst enemy. In a Development Dimensions International and Monster survey of 3,725 job seekers, respondents identified several annoying interviewer behaviors, including: Acting
Get Rid of the Icons—and Do Lots More
» Key to Instructions To help readers follow the instructions in this article, we used two different typefaces: Boldface type is used to identify the names of icons, agendas and URLs. Sans serif type shows the names of files and the names of commands and instructions that users should type into
Letting Go: Evaluating and Firing Clients
EXECUTIVE SUMMARY When a firm hits the critical point of needing talented employees but can’t afford to pay the market rate to hire them, it is time to look at reducing the client load. Evaluating the client list is a healthy process for firms of all sizes and
Ease the Burden of Busy Season
With busy season just around the corner, here are some suggestions from firms that have learned how to make what could be their annual trial by fire less stressful and more productive. By treating their staffs with an extra measure of consideration and carefully planning and analyzing
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Agentic accounting has arrived: What’s hype and what’s real?
Artificial intelligence (AI) is moving beyond chatbots and into accounting workflows. A new generation of agentic AI tools can plan, execute, and adapt as they complete tasks, raising expectations for what automation can do inside firms and finance departments. What can agentic AI realistically do today and what challenges are there in its implementation? Find out in this Journal of Accountancy sponsored report.
From The Tax Adviser
August 31, 2026
2026 tax software survey
July 31, 2026
