Economy

Everywhere these days, news headlines scream that automation stands to eliminate many of the traditional jobs in the U.S.

Few CFOs give themselves high marks for effectiveness, and only a small proportion have the necessary traits to qualify as finance leaders, according to a new report.

The Financial Accounting Standards Board has proposed an accounting standards update to reduce the cost and complexity of financial reporting related to the consolidation of variable interest entities, based on recommendations from FASB’s sister organization, the Private Company Council.

This year's topics, ranging from high school education to unconscious bias, will receive $25K in funds.

Accountants and other financial advisers know better than most how busy small business owners are and how much they value any advice, resources or tools that can help them save time, particularly on administrative tasks.

Nearly two-thirds of CFOs are highlighting revenue growth as more of a priority over cost-cutting at their companies, according to a new survey.

Already reeling from a $4.5 billion bill to save its ailing No. 1 lender, Ukraine is now bracing for an even costlier rescue, and says audits by PwC’s local office were instrumental in the bank’s failure.

On the one hand, breaches and data theft are a risk – but on the other, they’re an opportunity for accountants. LBMC’s Mark Burnette talks about the AICPA’s new cybersecurity service offering, and the field as a whole.

Ahead of next month’s Group of 20 summit in Germany, the International Federation of Accountants is urging world leaders to take steps to rebuild public trust by improving governance practices through all sectors of the economy.

An official from the American Institute of CPAs testified Wednesday before the Senate’s Small Business and Entrepreneurship Committee in favoring of lowering taxes for small businesses as much as corporations.

Every time Tom Hood, who is executive director and CEO of the Maryland Association of CPAs, gives a speech (and he gives a lot of speeches), he asks his audiences of accountants about the top challenges they face.

Sageworks has released an e-book that provides technology advice to accountants and other business advisors.

A Grant Thornton firm in the West Indies has merged in a former BDO firm to expand its presence in the Caribbean.

BDO’s global network of accounting firms has named Keith Farlinger as CEO of BDO International, succeeding Martin van Roekel, on Nov. 1, 2017.

Thomson Reuters has introduced a new certificate program for accountants who want to help their clients launch small business startups.

Small firm accountants do it all, not just the wide variety of services.

The bundled offering is the result of three recent acquisitions, which expanded the company’s capabilities.

Economic optimism among business executives who are also CPAs cooled down slightly in the second quarter of the year.

Clients are focused on sales, delivering products and services, and growth, but many of them don’t understand how to consistently stay profitable. That’s where their accountant comes in.