October 26, 2016

AICPA Extends Reach of Its Standards

The American Institute of CPAs is broadening the range of services to which its Statements on Standards for Accounting and Review Services apply, covering not only reviews of financial statements, but also preparation of financial statements and compilation of prospective financial information.

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Posted by Michael Cohn at 05:08PM | Comments (0)

October 21, 2016

Recruiting Millennial Accountants Poses a Challenge

The millennial generation is expected to make up more than half the workforce over the next decade, but finding enough of them to staff accounting departments is proving to be a challenge for many companies.

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Posted by Michael Cohn at 04:34PM | Comments (6)

October 20, 2016

Uber and Lyft Dominate Expense Reports for Ground Transportation Claims

The ride-hailing apps Uber and Lyft now account for over 50 percent of claims for ground transportation expenses on T&E reports, according to a new estimate.

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Posted by Michael Cohn at 06:29PM | Comments (0)

October 19, 2016

Accounting in Virtual Reality

A new virtual reality game takes players inside a nightmarish accounting office.

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Posted by Michael Cohn at 05:34PM | Comments (0)

October 11, 2016

Excitement Builds for The Accountant (Movie, That Is)

It won’t be long before the Ben Affleck action movie “The Accountant” comes out this weekend, and already the anticipation is building.

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Posted by Michael Cohn at 04:50PM | Comments (2)

October 7, 2016

Strategic Plans Can Help CPA Firms Cope with Staffing Shortages

Accounting firm consultant Kristen Rampe has released a new report on how CPA firms can address the staffing shortage afflicting so many firms today.

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Posted by Michael Cohn at 04:12PM | Comments (0)

October 6, 2016

Earnings Management Just as Bad under IFRS as U.S. GAAP

An academic study demonstrates that earnings management is pervasive across U.S., European and Asian companies, whether they’re using U.S. GAAP or International Financial Reporting Standards.

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Posted by Michael Cohn at 06:15PM | Comments (1)

October 5, 2016

Audit Leaders Focus on Emerging Risks

Internal auditors are turning their attention to strategic and emerging risks, according to a new survey.

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Posted by Michael Cohn at 06:26PM | Comments (0)

September 29, 2016

Study Ranks States on Their Business Tax Climate

The Tax Foundation has released its annual ranking of states and how competitive their business tax codes are.

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Posted by Michael Cohn at 02:05PM | Comments (0)

September 28, 2016

FASB Technical Corrections Signal Progress on New Rev Rec Standard

The Financial Accounting Standards Board’s recent set of proposed technical corrections to its revenue recognition standard are a sign that more companies are getting serious about implementing them.

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Posted by Michael Cohn at 06:16PM | Comments (0)