Thought leaders say be ready to embrace AI and blockchain innovations, the rise of boutique firms, and the surge of specialized credentials.
Accounting ARC
With Donny Shimamoto, Liz Mason, and Byron Patrick
Center for Accounting Transformation
The realities and opportunities beyond Big 4 firms.
Accounting ARC
With Donny Shimamoto, Liz Mason, and Byron Patrick
Center for Accounting Transformation
Could some good accountants have spared the nation its hush money trauma?
By CPA Trendlines Research
Analysis and Commentary
The Donald Trump case involving hush money payments indeed centered around accounting practices and the legal implications of how these transactions were recorded. The payments in question, made to silence allegations of extramarital affairs, were scrutinized for potential violations of campaign finance laws and business records.
A CPA Trendlines analysis of generally accepted practices and the professional literature demonstrates the grave lapses that led to felony convictions and the essential role good accountants and honest accounting must play in the executive suite.
The lessons – and risks – for accountants are painfully clear.
Firms that overhired in the COVID-19 boom are now trimming their ranks.
By CPA Trendlines Research
Despite widespread concerns in the profession about a talent shortage, the largest accounting firms in a new survey are cutting back on their hiring of new college accounting graduates by 16.1 percent this year.
MORE in STAFFING & RECRUITING: Employee Retention Is Easier Than Attraction | Payroll Leads Job Gains in Tax & Accounting Sector | Disruptors: Talent Crisis? What Talent Crisis? | Letting Staff Go After Tax Season? Bad Idea | Firms Culling Clients as Staffing Woes Persist | Compensation’s Up, but Up Enough to Retain Staff?
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Reflecting broader economic uncertainties and budgetary constraints, half of all the biggest firms surveyed are gearing down for a recession, marking a sharp turnaround from the hiring spree sparked by a global pandemic that forced industries across the globe into transformational change, often staffed and driven by the biggest accounting and consulting firms.
Delving into financial disarray and what contributes to the shutdown of community banking institutions
Accounting ARC
With Donny Shimamoto, Liz Mason, and Byron Patrick
Center for Accounting Transformation
In the labyrinth of financial intricacies, the collapse of a bank sends shockwaves through the economic landscape, leaving stakeholders scrambling for answers. In this episode, “Accounting ARC: Unraveling the Collapse of Silicon Valley Bank” dissects the demise of Silicon Valley Bank to unravel the intricate web of factors that precipitated its downfall.
MORE: Harper & Co. CPAs: The Perspective of a Non-Accountant is Imperative | Menlo Innovations: Improve Office Culture by Overhauling Internal Reviews | Dustin Wheeler: For Serious CAS Success, Hire Tech Teams | Chase Birky: Overcoming Paralysis By Analysis |
Hosted by seasoned financial experts, this Accounting ARC episode, featuring Terry Sherrill, CPA, a managing director with TPS Thayer in Sugar Land, Texas, dives deep into the underlying causes of bank collapses while offering invaluable insights for CPAs, auditors, and financial professionals to fortify against such catastrophes.