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News
How to teach ownership
5+ day, 1+ hour ago (518+ words) How do you get an employee to go from task-doer to accomplished-completer? How are firms conveying the importance of ownership to their staff and showing them how to go about it? Leaders want team members to see a project through…...
Acquisitions could be solving the succession crisis, so why aren't they?
6+ day, 37+ min ago (911+ words) An AICPA survey conducted in 2020 found that 26% of single owners and sole practitioners were planning to retire within the next five years. Today those partners have either hung up their hats and left a critical role to be filled, or…...
Secrets of the Fastest-Growing Firms
1+ week, 6+ day ago (214+ words) Just as success has many fathers, it has many secrets, too — and what's important for one organization may not matter as much to another. But in polling the leaders of this year's Fastest-Growing Accounting Firms, while they had a wide…...
SEC Proposes Amendments to Exchange Act Rule 3a12-8 to Add European Union Debt Obligations
2+ week, 3+ day ago (286+ words) The Securities and Exchange Commission today proposed amendments to Rule 3a12-8 under the Securities Exchange Act of 1934 to add the debt obligations of the European Union (EU) to the list of foreign government debt obligations designated as "exempted… Official websites use....
What successful M&A looks like
3+ week, 1+ hour ago (1162+ words) Acquiring another accounting firm may seem like a quick and easy way to boost growth — particularly when compared to the slow slog of building up business organically — but it's really neither quick nor easy. For many of this year's Fastest-Growing…...
Will AI replace accounting firms in the small biz market?
3+ week, 1+ hour ago (944+ words) Because of artificial intelligence, small-business owners today have choices that they never had before. Financial reporting is just one of the areas where AI can reduce costs the most, especially for companies with $10 million to $70 million in revenue. Today, many…...
Right-sizing risk management
1+ mon, 1+ week ago (522+ words) Review practical tips for small firms and sole practitioners to right-size the building blocks of risk management: acceptance, billing, communication, documentation, and engagement letters — to help avoid disputes and malpractice claims....
Rogue agents: when AI won't listen
4+ week, 1+ hour ago (187+ words) But they also demonstrate that while agents can certainly go awry, they can also be corrected and set back on the right path. We asked AI specialists throughout the accounting world to share their personal experiences when an AI agent…...
Data governance: How finance builds trust in the numbers
1+ mon, 1+ week ago (736+ words) Learn five steps finance can follow to set clear rules, so everybody uses the same trustworthy information....
Determining when a debt instrument has zero basis
1+ mon, 1+ week ago (20+ words) Taxpayers issuing related-party loans should assess the consequences if those debt instruments are determined to have a zero basis....