Cyber Sleuths Muscle Accountants Aside in Forensic Investigations

Chart of desirable skills
Source: ACFE

Teams want more cyber-security experts than accountants.

By CPA Trendlines Research

Fraud investigation teams are currently seeking or expecting to add people with skills in digital forensics and cybersecurity, according to a new benchmarking survey from the Association of Certified Fraud Examiners.

MORE: Focus on Cyber Risk, Not Just Security   |  You’re Not Tech-Savvy If You’re Not Cyber-Safe, Too  |  SURVEY: Cybersecurity Grows in Importance  |  Do You Belong In Cybersecurity?  |  Why CPAs Need to Worry about Cyber Crime (Especially in Tax Season)  |  Hackers Using Hotel WiFi to Spy, Steal Data

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Interviewing tops the list of desirable skills, followed by litigation support, data analytics and social media snooping. Forensic accounting comes in fifth. READ MORE →

CPA Trendlines Salutes Our Expert Authors Honored by CPA Practice Advisor

Rampe, Johnson, Hostetler cited.

CPA Practice Advisor's 40 Under 40 Awards this year include several CPA Trendlines expert authors, including:

  • Kristen Rampe, CPA – Founder, Kristen Rampe Consulting.  More here
  • Kacee Johnson, MBA –  Founder/CEO, Blue Ocean Principles. More here
  • Dustin Hostetler –Shareholder, Chief Innovation Officer, Lean Six Sigma Master Black Belt, Boomer Consulting, Inc.  More here

The annual program recognizes professionals who are "visibly and incrementally changing the accounting profession."

Auditors: The World Needs You in the Fight Against Terrorism

What the Profession Needs to Know about Money Laundering. 

By Wm. Dennis Huber and Larry Crumbley

There are difficulties in measuring funds channeled into financing terrorist organizations and activities worldwide. Various sources estimate this funding to be between $590 billion and $1.5 trillion through money laundering. PwC suggests that “money laundering transactions are estimated at 2% to 5% global GDP, or roughly $1-2 trillion annually.”

However, financing terrorist organizations and activities is not necessarily the result of money laundering. Financing terrorist organizations and activities may be accomplished by reverse money laundering, or “money dirtying” which may make financing terrorist organizations and activities even more difficult to estimate.

Just as evidence of fraud cannot be ignored, so too evidence of financing terrorist organizations can no longer be ignored.

The goal of money-launderers is, like that of a corporate enterprise, to maximize profits and reduce risk while the goal of terrorists, on the other hand, is to further a political agenda or ideology, or to destroy or kill with no regard to profits and with little regard for risk. READ MORE →

True Diversity: The Next Frontier for the Accounting Industry

Jennifer Scott SUM Innovation HR
Scott

Understanding the Business Case in the Tax & Accounting Workplace.

By Jennifer Scott
SUM Innovation

Workplace diversity may best be described as the blend of individual and organizational characteristics, values, beliefs, experiences, and behaviors — all coming together to achieve a company’s vision.

Catch SUM Innovation founder and CEO Mathew Heggem discussing "The Art of HR" with Jason Blumer and Greg Kyte in a Thriveal podcast here.

Vision is an important concept for small businesses. There are multiple definitions of the word: the sense of sight, a thought or perception, an apparition, even an amazingly beautiful image. But in a business context, a vision is a future-focused statement about what an organization intends to become.

READ MORE →

SURVEY: Getting New Clients in Today’s Competitive Environment

Join the Survey. Get the Results.

Marketing and Business Development: Trends and Strategies

You're invited to join the CPA Trendlines survey on Marketing and Business Development.

As a participant, you'll be the first to see a topline summary of the key findings, giving you and your firm a headstart on the newest trends in new-business success.

Early responses are already suggesting:

  • Sharp upticks in spending and activities in pursuing new business,
  • a swing toward online internet strategies, and
  • more intensive and organized referral networking activities.

But what's the right answer for your firm?

Join the survey to find out.

Join the survey. Get the results.

 

Accountants Across the Generations

Rick Telberg from CPA Trendlines, at left, leads panel, left to right: Deborah Hammett, Adelman, Katz & Mond;  Salvatore Collemi, Collemi Consulting & Advisory Services; Peter Frank, Cornick Garber Sandler; and Jordan Frey, EisnerAmper.

CPAs address inter-generational challenges and opportunities.

Every generation has its own view on what works best in today's environment, according to a multi-generational group of CPAs at a panel discussion hosted by the Accountants Club of America. Rick Telberg, president and CEO of Bay Street Group and of CPA Trendlines Research, moderated the panel discussion. “As professions go, the accounting profession is the most entrepreneurial of them all,” he said. “There are more small firms and solo practitioners by number and by percentage in the tax and accounting profession than in any other licensed profession. This is a profession of entrepreneurs, whether we admit it or not, whether we embrace it or not, whether we know how to encourage it or not.”

The panel included New York-based CPAs: Deborah Hammett, Adelman, Katz & Mond;  Salvatore Collemi, Collemi Consulting & Advisory Services; Peter Frank, Cornick Garber Sandler; and Jordan Frey, EisnerAmper.

READ MORE at AcccountingToday >>>

The 10 Fastest-Growing Industries In The U.S.

The race for fast-moving clients.

By CPA Trendlines

If you already have clients in the information technology industries, you probably already know that keeping up with new developments is a challenge.

But do you know about the other nine of top ten fastest growing industries that should be attracting intense CPA firm competition?

According to new data from Sageworks, a financial information company, construction-related businesses make up much of the rest of the list.

READ MORE →

Surgent Launches Webinar Series with All-Star Lineup of Experts

Plent

Telberg joins new Surgent's webinar series.

By CPA Trendlines

CPA Trendlines publisher Rick Telberg is joining Surgent, the continuing professional education provider for CPAs and other accounting, financial, and tax professionals, as a presenter in the new monthly premium webinar series, Surgent Futurecast™, a series of timely, practical 1-hour webinars taught by an all-star cast of leading national tax and accounting experts.

Learn more and register at
Futurecast Webinars

The new series demonstrates Surgent’s mission to go beyond just providing the CPE credits that CPAs and other professionals must earn to maintain their professional credentials; instead Surgent aims to serve as the most reliable and trustworthy source of the ever-evolving practical and strategic information CPAs, EAs, and other tax and financial professionals need to excel professionally.

READ MORE →

Tax Season Roundup: 2017

Join the survey. Get the results.

By CPA Trendlines

Here at CPA Trendlines, we know busy season isn't the entirety of your practice ... but it's a huge chunk of it.

How did your tax season measure up?
Join the survey; get the benchmarks

Stay tuned for a full report.

 

Here in one handy place is all of the tax-related information we've published this season.

How 2017 is going

READ MORE →