Today's CPA Letter Daily
5 things you need to know about the new auditor reporting standards
Jul 16, 2019
You may have heard that we issued a new auditor reporting standard effective for audits of financial statements for periods ending on or after December 15, 2020. The standard was designed to enhance the relevance and transparency of the auditor’s report. One key change is that with the new standard,...
Find value in what you love: One tax CPA’s value pricing story
Jul 15, 2019
In 2006, Dominique Molina, CPA, had a revelation: she was working too much. It was busy season, and like many nights, she was working late from her home office. As the owner of a successful tax firm in San Diego, she felt a great pressure resting on her shoulders. In...
Demystifying unicorns: How startup valuations really work
Jul 13, 2019
Near daily headlines tout the massive valuations of startup companies and their potential public offerings. Some of these entities are valued well into the tens of billions of dollars. Private market investors continue to pump money into technology-based companies with the hope of cashing in on the next unicorn—rare startups...
Flip the switch on non-conformity with 5 free audit quality resources
Jul 9, 2019
You strive to perform top-notch audits of your clients’ financial statements. You research the company and their industry, meet with the client, gather necessary information and develop and execute a plan. Having resources on hand can streamline the process. Five years ago, the AICPA formed its Enhancing Audit Quality (EAQ)...
Close any deal with these human intelligence skills
Jun 28, 2019
So, you’ve made it through the first round of interviews for your dream job — or maybe you’ve made an initial pitch to a prospective new client and now it’s time to close the deal. You want the job, and are more than qualified for it. But is that enough?...
3 FAQs on the hosting services ethics interpretation
Jun 26, 2019
When I started working in public practice more than 20 years ago, “the cloud” referred to something in the sky, not storing data over the internet. Things have changed. Our profession has and continues to benefit from technological advances like the cloud, and the AICPA Code of Professional Conduct is...
Millennials are changing our tax practices. Here’s how
Jun 24, 2019
Millennials are everywhere. As the largest generation of Americans ever, they seem to be changing every aspect of our society. They’re influencing marketing trends, technological advancements, politics, travel, food — there’s little that isn’t affected by this generation’s unique way of doing things. They are affecting your tax firm too...
Take a ride with Next Stop: CPA – the official podcast of the CPA Exam
Jun 19, 2019
Do you remember how it felt when you decided to become a CPA? The promise of those three magic letters can be very exciting, but first, comes with the start of a big life-journey. A journey that entails the preparation for the CPA Exam and the dedication and time commitment...
What to do when your client gets terrible health news
Jun 18, 2019
No one knows when a health crisis will strike. We can take steps to mitigate our risks — eat healthy food, exercise more often, quit smoking — but that doesn’t mean we can plan whether we’ll get sick. But we can plan financially. Jim Sullivan, CPA/PFS, specializes in working with...
16 free learning opportunities to take advantage of this summer
Jun 17, 2019
It’s summertime. The days are getting longer, the temperature is warming up and your most hectic time of year — workwise — is behind you. Congratulations! Now you can relax, at least a little. Summer is also the perfect time to hone your skills in preparation for fall busy season....
Anthony Pugliese and Lawson Carmichael, chairs of the AICPA’s Future of Learning Task Force, explore the state of education for CPAs, argue the case for change and encourage key leaders to provide input on this topic critical to the future of the profession.More on AICPA TV