Artificial intelligence is coming into the accounting world like a storm. At Big Four accounting and consulting firms like Deloitte, AI tools are already being used to help perform accounting risk assessments on complex and lengthy contract documents. In healthcare, …
As if going through the trauma of a major hurricane is not enough, having to file taxes on time can be a serious problem for people who suffered major losses. Realizing this, the IRS extended the tax deadlines for victims …
Millennials who want to be more fiscally savvy are more often looking for a little outside help. Smart accountants are stepping up and shifting their marketing to meet those needs. In the Internet age, the simple fact is that a …
In 2015 the American Institute of CPAs (AICPA) reported that although nearly half of all new CPAs entering the field were women, only about 14% of women held partner or principal positions. So what’s being done to integrate more female …
Cybercrime is on a rise, making it is especially important for accounting firms to protect their data as attacks on personal information become part of our daily life. J. Carlton Collins, David Cieslak and Rick Richardson gave the warning during …
James Schnurr, Securities and Exchange Commission Chief Accountant believes that public audit quality is improving overall but believes there is still room to improve. While inspection comments for large and second-tier businesses have been on the rise over the past …
The AICPA just announced its new Reporting Framework for Small- and Medium-Sized Entities (FRF for SMEs), which was created to streamline the financial reporting requirements for small to medium sized businesses. The Reporting Framework for Small- and Medium-Sized Entities (FRF …
Tax time often comes as a relief to low-income, working families. For those who qualify for the Earned Income Tax Credit, a large sum of money refunded them at the end of the year manages to keep them afloat. The credit …