Professional News

By Terry Barrett A former employee never cashed that last payroll check. A refund check issued to a customer was never cashed. Is this “found money?” What about those unredeemed gift cards that expired? Do you get to keep the cash? Can these all be written off to income? Many businesses do not

By Mike DellaRipa, CPA, MBA VSCPA member Ashutosh Gokhale, CPA, MBA, is the chief financial officer of HII’s Mission Technologies division. Ashutosh was born in India to parents who taught him the importance of good education and humility, the stepladder to success. His father is a retired professor

By Karolis Matulis, CPA, CVA CPAs are entrusted with clients’ most private and confidential financial information. While there are a variety of security requirements from various regulatory sources, CPAs should always strive for highest levels of security for all confidential information regardless

By Elizabeth Pittelkow Kittner If you have been in the workforce for any amount of time, you most likely have dealt with difficult people. It can be challenging to stay true to your own ethics and values when dealing with these personalities, but the way you behave around difficult people matters to

By CAMICO’s Loss Prevention Team Employee and candidate demands for a flexible schedule or remote working environment are pushing accounting firms outside of their comfort zone as they try to remain competitive. Firms that have not considered allowing employees to work in a remote environment in the

By Ron Klein, J.D. Among its many roles, CAMICO acts as a gathering and disseminating agent for CPA liability experiences across the nation. For 35 years we have gathered hundreds of thousands of CPA experiences and distilled the learnings those experiences provided so that we could tell CPAs about

By Suzanne M. Holl, CPA Economic conditions have long had a significant impact on CPA professional liability claims. In light of the current economic challenges, CPAs will need to be prepared and vigilant to minimize the potential of additional liability exposures. Jury research shows that the

By Jonna L. Martin Before the outbreak of the coronavirus made such gatherings impossible to conduct, students at my son’s school were asked at an assembly to raise their hands to indicate if they would rather talk for two hours or listen for two hours. The group was fairly evenly divided, and it

By Alesha A. Brophy, CPA, and Robert S. Forney Jr., CPA Corporate social responsibility (CSR) is a management concept companies use to integrate social and environmental concerns into their business operations – a balance of economic, environmental, and social imperatives.1 CSR programs can include

By Alyzabeth R. Smith, CPA If you own an older car but recently needed to rent one, the first thing you might notice when you sit in the driver’s seat is how much that shiny, new dashboard resembles NASA’s mission control. Despite all the car’s obvious capabilities, you’re determined to use only the