Independence Gets Its Own Spot in PCAOB Audit Inspection Reports
A brand-new section debuted today in PCAOB inspection reports of audit firms, and it is devoted to auditor independence.
SMB Accounting Advisor
FASB Updates Rules on Common-Control Leases
The guidance pertains to applying the leases standard to related party arrangements between entities under common control.
Extending Outsourcing Contracts Can Alleviate Shortage of CPAs
Outsourcing talent and extending contracts with a talent augmentation company is a smart and strategic solution for accounting firms to address the ongoing talent shortage in the U.S.
Real-Time Insights are Key to a Trusted Advisor’s Role
An overwhelming majority of accountants attribute their clients’ business success to real-time financial data.
AICPA News – May 2023
AICPA News is a round-up of recent announcements from the American Institute of CPAs.
Minnesota Likely to Legalize Recreational Marijuana
The Minnesota Senate cast its first-ever vote to legalize recreational marijuana on Friday, pushing the proposal closer to becoming law than ever before.
Mother’s Day Spending Forecast to Hit $35.7 Billion in 2023
Consumers plan to spend $274.02 per person, the highest in the history of the survey and up from the previous record high of $245.76 in 2022.
A Career in Accounting Means Long Hours and Stress – But Also Purpose, Community and Meaningful Impact
A career in accounting brings opportunities to meet and work with a wide range of people and personalities, and a chance to thrive in a community of people who, at their core, do their job because they want to help others and make an impact.