Harris Poll survey found young workers see transparency and action as key to business ethics
Transparency and accountability are the strongest indictors of ethical behavior by businesses, according to a new international survey conducted by Harris Poll on behalf of AICPA & CIMA. When it comes to specific business practices, however, the data reveals some generational differences.\ For
Letter to FASB on accounting for and disclosure of crypto assets
June 6, 2023 Ms. Hillary H. Salo Technical Director Financial Accounting Standards Board 801 Main Avenue P.O. Box 5116 Norwalk, Connecticut 06856-5116 Sent via email to [email protected] [File Reference No. 2023-ED200] RE: Proposed Accounting Standards Update, Intangibles — Goodwill and Other —
CPAs from Virginia visit Capitol Hill to discuss issues important to the accounting profession
Last month, CPAs from Virginia joined others from around the country in Washington, D.C., to meet with lawmakers during the AICPA Spring Meeting of Council and Annual Members Meeting. Eight members and staff from the VSCPA met with staff of Reps. McClellan, Spanberger and Wittman, as well as Sen
CPAs and other groups calling out new beneficial ownership information reporting requirements
The American Institute of CPAs (AICPA) and other national organizations have formed a coalition to make taxpayers aware of the new beneficial ownership information (BOI) reporting requirement. BOI is an anti-money laundering initiative enacted through the Corporate Transparency Act (CTA) in 2021
5 compelling reasons the accounting profession must address sustainability
The significant shift from shareholder returns to stakeholder capitalism has brought sustainability and ESG management into every public or large private company boardroom. The strong linkages between an entity's sustainability management and financial performance elevate sustainability and ESG as
Women are breaking up with their jobs, yet CFO equity increases
New research from LeanIn.org and McKinsey & Company prompted the companies to declare we are amid a “Great Breakup” — women and work are having a difficult moment. The 2022 “Women in the Workplace” report collected data from 333 organizations and surveyed more than 40,000 employees to identify these
Minding your mid-careerists: slowing the exodus of experienced talent
By Teri Saylor The CPA shortage has been bubbling up in recent years as baby boomers retire and the remnants of the pandemic linger. Today, the exodus of accounting professionals is reaching its boiling point as mid-career CPAs—those at the peak of their productive years—are following retirees out
Is 150 too many?
By Jill Edmonds For nearly the past two decades, prospective CPAs in Virginia have had to undertake 150 hours of education before becoming licensed. But a declining CPA pipeline has accountants asking: Is the 150 now a barrier to becoming a CPA? Is it time to reimagine how we prepare CPAs for an
Go all in on CAS
By Tori Smith The word holistic is derived from the Greek word holos, which means “entire” or “all.” A holistic approach is used in the practice of medicine, observing all parts of the body, not just physical symptoms. But the holistic approach can apply to more than just people: CPAs can look at
Case study: A holistic approach to employee wellness
Keiter defines employee wellness as meeting the diverse needs of our team. We believe that promoting initiatives in physical, social, emotional, financial and career health are all essential for our team to be successful. Our wellness and work/life initiatives strive to support each of our team