Professional News

By Jaime Rapps, CPA, Grassi Advisors & Accountants As cryptocurrencies become more popular and easier to access, many nonprofits are facing the decision to accept virtual currency or miss out on substantial donations. Other organizations are weighing the benefits of purchasing cryptocurrency as an

By Cory Ng, CPA, DBA, CGMA Today’s business environment is characterized by globalization, technological advances, and a workforce that is aging while simultaneously becoming increasingly diverse among its new entrants. The accounting profession is subject to these same forces. With a looming talent

By Charles B. Hall, CPA, CFE For auditors, material misstatements are the enemy. If they sneak in without detection, we fail. Maybe they enter in by error, other times on purpose: it doesn’t matter. They often secret themselves in myriad places: receivables, equity, inventory, payables, investments

By Ira S. Rosenbloom, CPA The common perception of accounting firm mergers and acquisitions (M&A) is that these deals are driven by the succession and exit planning challenges of the selling practices who may have too thin of a bench of talent from which to pull for continuation. So, these firms

By JulieAnn C. Verrekia, CPA Employee benefit plan sponsors, administrators, and auditors have spent much of the past year addressing the effects the COVID-19 pandemic has had on plan operations, administration, and audits. But we can’t rest easy: the effects of the pandemic could continue well into

By Michael F. Cade, CPA, CGMA Nonprofits have two options for dealing with unemployment claims. They can pay fees based on experience and payroll into a state unemployment program or opt to reimburse the state for actual claims. Here are some basics to help you explore the options for your nonprofit

By Jerry Maginnis, CPA Do you remember the “Big Eight” accounting firms? If you graduated from college around 1990 or later, the answer to that question may be “no.” For earlier generations of CPAs, the following top players are likely quite familiar. Arthur Andersen LLP Arthur Young Coopers &

By Michael F. De Stefano, CPA Recently I had a conversation with a coworker about professional development to help them prepare to move beyond their current role. The exchange took me back to how unprepared I felt some 10 years ago when I stepped into the CFO role for the first time. There was no

By David Lopez, CPA, David A. Lopez and Company As the end of 2021 draws near, external CPAs, corporate controllers and internal accounting staff are looking towards the year-end close. For far too many accountants, the year-end close is a stressful activity that strikes up feelings of anxiety and

By Dr. Ethan Kinory, Rutgers School of Business-Camden When it comes to adopting distributed ledger and crypto asset technologies, one common reason why companies have hesitated is the lack of adequate regulatory guidance. Securities and Exchange Commission (SEC) Chair Gary Gensler complained that,