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June 28, 2013

Accountants Face Malpractice Lawsuit Threats

Business clients who run afoul of the law and face fraud charges will oftentimes turn around and sue their accountants for malpractice, at the urging of their attorneys.

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Posted by Michael Cohn at 07:21PM | Comments (1)

June 21, 2013

Poor Interpersonal Skills Doom Employee Advancement

A new survey from the staffing company Accountemps finds that the top reason cited by CFOs for why their employees fail to advance is poor interpersonal skills (30 percent).

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Posted by Michael Cohn at 07:03AM | Comments (0)

June 19, 2013

CFOs Don’t Know about Upcoming Revenue Recognition Standards

Talk about putting on the blinders. More than half of CFOs are unaware of the forthcoming revenue recognition standards due out this summer from the Financial Accounting Standards Board and the International Accounting Standards Board, according to a new survey by Grant Thornton.

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Posted by Michael Cohn at 03:46PM | Comments (0)

June 18, 2013

Accountant Wins Miss USA Pageant

We secretly knew all along that accounting was a glamorous profession, but now we have proof.

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Posted by Michael Cohn at 07:54AM | Comments (3)

June 14, 2013

FedTax Hopes for Passage of Online Sales Tax Bill

Sales and use tax software providers are hoping that Congress will pass the Marketplace Fairness Act, which would require online merchants to collect sales taxes from customers who owe it for Internet purchases.

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Posted by Michael Cohn at 04:07PM | Comments (0)

Infographic Charts Rise of Forensic Accounting

New England College’s School of Graduate and Professional Studies has produced an attractive and amusing infographic charting the rise of the forensic accounting discipline.

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Posted by Michael Cohn at 05:16PM | Comments (1)

June 13, 2013

PwC Sees Business in Sustainability

PricewaterhouseCoopers has been expanding its involvement with sustainability reporting as more of its clients account for their efforts to go green.

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Posted by Michael Cohn at 07:13AM | Comments (0)

June 10, 2013

Liberty Reserve Case Highlights Need for Careful Vigilance on Money Laundering

Late last month, the Justice Department shut down Liberty Reserve, a company that facilitated international money laundering by using digital currency to transmit funds.

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Posted by Michael Cohn at 08:40AM | Comments (0)

June 7, 2013

Credit Unions Object to FASB Loan Loss Proposal

A trade organization for credit unions has written to the Financial Accounting Standards Board asking for changes in its proposed standards for credit losses in its financial instruments project, which differ from those of the International Accounting Standards Board.

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Posted by Michael Cohn at 07:05AM | Comments (0)

June 6, 2013

UHY Backs New York Tech Startups

UHY LLP is getting involved in supporting technology startup companies and the CPA firm is finding some new clients that it can guide through the funding and M&A process.

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Posted by Michael Cohn at 07:51AM | Comments (0)

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Deloitte’s Efforts at Greater Diversity and Inclusion

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Deloitte vice chairman and chief inclusion officer Deb DeHaas discusses the firm's efforts at recruiting a more diverse workforce.

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Jim Metzler, former AICPA vice president of small firm interests, and founder of Metzler Advisory Group, talks about how the CPA profession is changing.

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Transition Advisors president Joel Sinkin talks about what firms should do after a merger to retain their clients and staff members.



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Common Taxpayer Misconceptions

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The NAEA’s collection of ridiculous things tax clients believe.

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