Today's CPA Letter Daily
Hispanic Heritage Month Spotlight: Tony Torres
Sep 23, 2020
It’s no secret. The accounting profession is in dire need of more ethnic diversity. While numbers have increased over the last decade, only 15% of enrollees in accounting bachelor’s and master’s programs are Hispanic. Despite the knowledge that diversity within an organization breeds success, even fewer —10% — go on...
The learning journey and speed of change
Sep 15, 2020
The COVID-19 crisis accelerated us into a new era of digital engagement — an era characterized by greater personalization and omnichannel access. At the Association of International Certified Professional Accountants, we have a responsibility to the accounting and finance profession and to our members, and 42% of you have told...
How to strengthen client relationships during a pandemic
Sep 10, 2020
How can you expand services to existing clients and attract new clients in the current environment? Here are tips from experts. Choose the software that works best for you. In searching for new ways to maintain ties to clients, Christine DeAngelis, CPA, tax master at 20-person High Rock Accounting has...
Employee payroll tax deferral — Is it workable?
Sep 3, 2020
“Security is mostly a superstition. Life is either a daring adventure or nothing.” — Helen Keller These perilous economic times are nothing short of a daring adventure. The reason the AICPA created the Coronavirus (COVID-19) resource center and SBA Paycheck Protection Program (PPP) resources for CPAs is to help our...
4 tax and financial planning tips to share with clients
Sep 2, 2020
Uncertainty is a common theme these days. People worry about the future and face many personal finance questions. The AICPA Personal Financial Planning (PFP) Trends survey found that 80% of CPA financial planners said their clients had a higher stress level about their financial plan than normal. The CPAs surveyed...
Why CPAs should care about RPA
Aug 31, 2020
Big data. The Fourth Industrial Revolution. You’ve heard it before — automation will change how we work. While exciting, the prospect of mastering new technology — or even the lingo — can seem overwhelming at times. What does automation really mean, and how will it affect your career specifically? Whether...
Community has a new look. But we’re still connected.
Aug 27, 2020
At the Association of International Certified Professional Accountants, we have a responsibility to our members and the accounting profession. A key component of this responsibility is ensuring that we provide informed and robust intelligence across a range of topics. In collaboration with our partner EY Seren, we’re researching the human...
Networking in a new world
Aug 13, 2020
Amid continued business uncertainty the COVID-19 pandemic caused, CPAs have successfully moved their professional lives to a virtual environment. But while they may have learned that it’s possible to conduct business interactions online, maintaining personal connections with clients, referral sources and other key contacts can be more challenging. Virtual networking...
8 things to know about the audit evidence standard
Aug 5, 2020
As we were finalizing Statement on Auditing Standards No. 142, COVID-19 arrived and caused major disruptions to the country’s economy, including changing the ways auditors were working. Automated tools and techniques — like conducting remote observation using cameras or drones — became necessary to perform certain audit procedures, such as...
CPA licensure: one step closer to change
Jul 30, 2020
You may be familiar with CPA Evolution, a joint initiative of the National Association of State Boards of Accountancy (NASBA) and the AICPA that we’ve been discussing for more than a year. In May, I wrote about the AICPA Council voting in support of advancing CPA Evolution. On July 24,...
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