TeamMate Analytics and the RADAR Initiative
by Kim Conaway on December 3, 2018 at 1:00 pm
RADAR Initiative Have you heard of the RADAR initiative? Conducted in partnership between the AICPA and Rutgers University, the Rutgers AICPA Data Analytics Research (RADAR) initiative has two main goals. Facilitate the further integration of data analytics into the audit process Demonstrate how this can effectively lead to advancements in the public accounting profession Historically, […] The post TeamMate Analytics and the RADAR Initiative appeared first on Tax & Accounting Blog. […]
Tech Tools To Properly Leverage Audit Teams
by Brandon Sims on November 28, 2018 at 1:00 pm
Stay in your lane The latest technology in the audit field does many great things for the audit focused firms that utilize them. But perhaps one of the most important dynamics it inspires is to keep staff working within their respective skill range. How important is this? Read on. Diverse staff, diverse skill set Many […] The post Tech Tools To Properly Leverage Audit Teams appeared first on Tax & Accounting Blog. […]
Are You Ready for 2018 Financial Institution Audits?
by Kurt Pitts on November 19, 2018 at 1:00 pm
For high-quality audits that comply with AICPA Risk Assessment Standards, equip yourself with Knowledge-Based Audit titles (KBA). Each title based on the KBA framework includes the latest audit requirements for a specific type of company or organization. Namely, we are excited to introduce the new updates and enhancements for Financial Institutions. Financial Institutions – updated […] The post Are You Ready for 2018 Financial Institution Audits? appeared first on Tax & Accounting Blog. […]
Leverage Your Firm’s Expertise
by Wendy Cable on November 12, 2018 at 1:00 pm
While nothing has changed with the underlying premise of the power of knowledge, the sources of much of our knowledge and learning have changed significantly. That is the overarching message from Michael W. Johnson, CPA, CITP, Firm Consultant & President, ChangeMongers, when he consultants about knowledge management. Here is a sneak peek at what Mike […] The post Leverage Your Firm’s Expertise appeared first on Tax & Accounting Blog. […]
FASB Improves the Accounting for Collaborative Arrangements
by CCH ARM Editorial on November 5, 2018 at 8:26 pm
Accounting for Collaborative Arrangements The FASB has issued Accounting Standards Update (ASU) No. 2018-18, Collaborative Arrangements (Topic 808): Clarifying the Interaction Between Topic 808 and Topic 606, that clarifies the interaction between the guidance for certain collaborative arrangements and the Revenue Recognition financial accounting and reporting standard. A collaborative arrangement is a contractual arrangement under […] The post FASB Improves the Accounting for Collaborative Arrangements appeared first on Tax & Accounting Blog. […]
Accounting is the story of a business told in the language of numbers. Some people have a natural understanding of numbers, but it is not something that comes naturally to everyone. Thus, even if you have learned the basics and can prepare your own budgets or monthly...
Ever complain to a friend or family member about your debt and received advice that landed you in more debt? The one person who will not lie to you about your finances is your accountant. Each is obligated by law to act professionally, with integrity. Hiring an...
An accountant can help you save money. Look at it this way - your accountant probably knows more about you than even your mother at this point! He or she can help you devise strategies to hide money from yourself, such as automatic payroll deductions into a brokerage...
Changing jobs? Your accountant would advise you on assuring that your new employer is withholding the right amount from your paycheck. It is definitely worth keeping an eye on, to avoid back taxes in the future.
Living paycheck to paycheck? An accountant can analyze your financial situation and provide you with options on how to reduce your debt. Your accountant can also teach you methods to improve your credit score, which is invaluable if you are thinking of purchasing...