Professional News

By Melisa Galasso, CPA On May 8, the American Institute of CPAs (AICPA) issued Statement Auditing Standards (SAS) 134, Auditor Reporting and Amendments, Including Addressing Disclosures in the Audit of Financial Statements . This statement will have a major impact on all audits performed for

By Jack Cavanaugh, CPA Public accounting can be a rewarding, albeit challenging, road. It is natural that some will eventually weigh the difficult decision to leave for some other professional path. If you are considering leaving public accounting, there is a way to approach this transition that can

By Genevieve Hancock, CPA If your company is anything like mine, everyone is tired of hearing about ASC 606 implementation, and absolutely no one wants to hear you walk them through the five-step model one more time. Many industries landed back in a similar place to where they started, but there

The cloud was once a mysterious product only embraced and implemented by the most forward-thinking CPA firms. Today, most CPA organizations are aware of the cloud and how migrating a legacy IT ecosystem over to it can deliver tremendous benefits across a wide array of areas. The cloud is no longer

By Chip Knighton In an organization filled with high-achieving professionals, Lynne Doughtie, CPA, manages to stand out. In 2015, she was named chairman and CEO of Big Four firm KPMG, becoming the first woman to hold both roles simultaneously in the Big Four. Doughtie, 56, works at KPMG’s main

By Mark S. Brooks   Employees at all levels of an organization are continuously generating new knowledge, collaborating, learning about the market and opportunities for growth, creating solutions and workarounds and identifying stress points for both the company and its clients. Tapping into this

By Karen Helderman, CPA, CISA, PMP Innovation skills are in high demand, but the number of people who would characterize themselves as innovators is not so plentiful. Why? We often view innovation skills as an innate characteristic, something that cannot be learned. In fact, when asked to describe

By Mark Eckerle, CPA Non-fungible tokens (NFTs) really came to the forefront in 2021 as another way to utilize blockchain technology as well as digital currencies. The marketplace for NFTs continues to grow as more and more individuals create digital content to be sold. Additionally, the emergence

By Karen Helderman, CPA, CISA, PMP As CPAs, we are experts at calculating and reporting on the financial bottom line, but we may not be familiar with a growing reporting trend that measures a company’s nonfinancial ethical performance, known as the triple bottom line (TBL). The triple bottom line is

By Genevieve Hancock, CPA The concept of blockchain, the hyped network of interlinking underlying data that has no need for third-party assurance or even approval of transactions, has recently seemed to dwindle within the accounting world. For years, the accounting profession has been hearing and