Now is a good time to update critical controls and close backdoors that can increase your or your company’s exposure to potential cybersecurity attack damages.
Chris Tarbell led FBI investigations that resulted in multiple high-profile cybercrime arrests. He shared his tips for cybersecurity during a presentation at the AICPA spring Council meeting.
Many minutes, hours, and sometimes days can be wasted on IT-related issues, costing both time and money.
CPA firms believe the development of new client services should be their top innovation priority over the next 12 to 18 months, according to a new survey.
CPA firms have their eyes on the cloud, but most of their accounting software remains loaded on their own computers and servers. A new section of the 2014 AICPA PCPS Management of an Accounting Practice (MAP) Survey uncovers the who, what, how, and why of information technology decisions in public accounting.
Lisa Traina, CPA/CITP, CGMA, president and owner of information technology security firm Traina & Associates, suggests ways for organizations with limited IT budgets to keep their data secure.
A monthly look at mobile apps that can make the CPA’s job and life better. This month: SlideShark makes PowerPoint on iPads less painful … Online storage/synchronization: Dropbox, et al.
U.S. accounting firms are storing up equity as they prepare for a number of financial challenges over the next few years. That’s one of the findings of the 2014 National Management of an Accounting Practice (MAP) Survey, released Monday by the AICPA Private Companies Practice Section (PCPS) and the Texas
U.S. public accounting firms must tackle five challenges in their succession planning to fill the gaps left by Baby Boomer partners who have begun to retire, according to results from a Global Accounting Alliance survey.
Partners in midsize to large firms face many challenges and complexities when negotiating a sale of their ownership interest.
The following strategies can help reduce the likelihood of a lawsuit or regulatory action due to a violation of Section 7 of the NLRA associated with employee use of social media.
A team-oriented work culture and work/life balance are keys to keeping young CPAs engaged in the profession, says Jennifer Highsmith, a senior audit associate in Florida who became the AICPA’s 400,000th member.
This June marked the 20th anniversary of a U.S. Supreme Court ruling that remains of interest to the accounting profession because the litigants included a state board of accountancy and a dually credentialed attorney advertising that she was both a CPA and an attorney. In Ibanez v. Florida Board of
When it comes to negotiating accounting practice sales, the owners of small firms often enjoy some big advantages over their counterparts at large firms. Why? Find out in this article, which examines the factors that determine the final price paid for a small accounting practice.
Many accountants may have opportunities to expand their service offerings to small business clients by providing financial planning and forecasting, according to a new survey. Just one in three accountants offers financial planning or forecast services as part of clients’ business planning process, according to a survey of 150 accountants
It’s difficult to believe, but sometimes CPA firm employees, and even partners, steal from clients. While a CPA firm’s leaders may believe this would never happen to them, claim experience in the AICPA Professional Liability Insurance Program demonstrates this does occur.
Transitioning away from a billable-hour model can improve margins and customer relations. But it also comes with plenty of challenges. Learn how one firm made the switch.
High-functioning firms have leadership teams that assess situations, develop strategies, and make and execute decisions with relative ease, speed, and success. Others, however, function with a drag that pulls against their momentum, causing the business of leading, managing, and executing to take longer and produce less-than-stellar results. High-functioning firms seem
CPA firms are being urged by the AICPA State Regulation and Legislation team to review their registration compliance procedures to ensure that they are complying with out-of-state registration requirements when performing attest engagements. The AICPA advisory was issued after recent activity by some state boards of accountancy to ensure that
For a manager, few things are more difficult than delivering honest performance feedback to an employee. And far too many managers don’t give feedback at all. Fortunately, there are ways to address performance review problems. Success lies in the execution of these simple ideas. Define the culture of your organization,