Podcasts about accountancy

As the demands on modern CPAs change, so also does the CPA Exam. Updates in the design and focus of the CPA Exam have been in effect for about a year now, and two AICPA experts joined the Journal of Accountancy podcast to discuss the changes, address misconceptions, and offer reminders on best practices. Any preparation for the CPA Exam should include a look at the CPA Exam Blueprints, according to Joe Maslott, CPA, director–Examinations. Mike Decker, vice president–CPA Exam and Pipeline offers insights into the changes and reminds candidates that the CPA Exam should be respected but not feared. What you'll learn from this episode: ·         Maslott's review of why the CPA Exam was redesigned for the start of 2024. ·         Decker's comments on misconceptions about the new exam. ·         The “relief valves” now offered for CPA candidates in exam timeframes. ·         Best practices and strategies for approaching the new sections of the exam. ·         Why pass rates are expected to rise.

Taia Hobson interviews Professor Melissa Larson from BYU's School of Accountancy. Professor Larson shares her experiences of becoming a professor and her advice for measuring success. She focuses on the importance of controlling what we can control, and dedicating time for quiet reflection. For more information about Professor Larson, visit her biography site here: https://marriott.byu.edu/directory/details?id=5457

No matter who's in charge, regulation, legislation, and education remain front and center when it comes to advocacy efforts in Washington, according to Mark Peterson, AICPA & CIMA executive vice president–Advocacy. Also important is understanding how to navigate a new administration's priorities.  In this episode of the Journal of Accountancy podcast, Peterson details some of the focus areas of the White House and Congress – tax legislation, an emphasis on government efficiency, and a change in regulatory approach. What you'll learn from this episode: ·         Peterson's overview of AICPA advocacy in Washington. ·         Why “navigate” is an important word for Peterson. ·         What has been normal and not normal in the change of presidential administrations. ·         Peterson's assessment of the potential path for tax legislation. ·         The “very different environment” related to regulation of public companies. ·         Advice for members in dealing with D.C. uncertainty.

In part one of the show Galway minor hurling manager Kenneth Burke looks ahead to his side's Leinster Championship campaign. In part two of the show Ardrahan's Conor Cosgrove shares his experiences of playing for Roscommon. Subscribe for more content!This Podcast is brought to you by Hoare Chartered Accountants. Hoare Chartered Accountants based in Galway City are a leading provider of Audit, Accountancy and Taxation services.. For more information, visit their website on www.hoarecharteredaccountants.ie

Former New York footballers Eric Monahan and David Cunnane look ahead to Galway's Connacht Championship clash in the Big Apple this weekendSubscribe for more content!This Podcast is brought to you by Hoare Chartered Accountants. Hoare Chartered Accountants based in Galway City are a leading provider of Audit, Accountancy and Taxation services.. For more information, visit their website on www.hoarecharteredaccountants.ie

A sell-out crowd saw one of the most complete performances from a Gloucester side in recent memory. Unlike some of the more impressive results that we have seen in the George Skivington era (64-0 versus Bath or the hammerings given to Sarries or Newcastle) this was against the 2nd place team in the league who had just come off the back of an 8 try demolition of Chiefs. We dissect the tries, the performances, the strategy and simply how much fun it was to watch! Unfortunately the good news didn't carry over to the balance sheets as Gloucester posted a near £3m loss. Loz uses his Accountancy acumen to run through the specific reasons as we try to understand what English Rugby needs to sort out the financial chaos. Finally we chat though the rumours of a joint bid to host the World Cup from Saudi Arabia, Qatar and the UAE and why it is a terrible idea that is likely to happen.Ed PriceJim HarleyRuss BrookesLawrence Landray (Loz)Cherry Jam is kindly sponsored by PGT LLP

Alan Flynn and Ciaran Murphy look back on Galway's Allianz Football League campaign This Podcast is brought to you by Hoare Chartered Accountants. Hoare Chartered Accountants based in Galway City are a leading provider of Audit, Accountancy and Taxation services.. For more information, visit their website on www.hoarecharteredaccountants.ieSubscribe for more content!

In part one of the show Galway U20 hurling Fergal Healy looks ahead to his sides championship campaign, while Tony Óg Regan dissects Galway's defeat to Cork in the Allianz Hurling LeagueThis Podcast is brought to you by Hoare Chartered Accountants. Hoare Chartered Accountants based in Galway City are a leading provider of Audit, Accountancy and Taxation services.. For more information, visit their website on www.hoarecharteredaccountants.ieSubscribe for more content!

Alex Dorr speaks to audiences and organizations all over about ditching the drama and getting more productivity and engagement from employees and more overall value for companies. His session at Digital CPA in Denver in December 2024 focused on many of those same principles and was tailored to modern accounting firms. On the Journal of Accountancy podcast, Dorr, vice president at Reality-Based Leadership, explained more about how readiness for change can lead to a better work reality for employees and managers alike. What you'll learn from this episode: ·         Dorr's reflection on whether he was a “high-drama” college basketball player. ·         Why the examination of an employee's or team's value should include an assessment of “readiness for what's next.” ·         The “juicy” question Dorr answered about speaking to accounting groups. ·         The importance of validating someone's experience in the workplace before addressing ways to make it better.

In this Journal of Accountancy-branded podcast, a senior wealth strategist and managing partner share advice on how to initiate conversations with business clients about transition and succession planning.

Adrian Varley sat down with Paul Shaughnessy to chat about his new venture Brave Like Bison. This Podcast is brought to you by Hoare Chartered Accountants. Hoare Chartered Accountants based in Galway City are a leading provider of Audit, Accountancy and Taxation services.. For more information, visit their website on www.hoarecharteredaccountants.ie

How is the role of the CFO evolving and what does it mean for the future of finance?   In this episode, you'll gain key takeaways from Hays' CFO Insights Report, which surveyed nearly 300 CFOs across Australia and New Zealand.  You'll learn how finance leaders are shifting from traditional financial management to a more strategic “chief value officer” role, driving broader organisational impact in an increasingly volatile business landscape.   Gain valuable insights into how CFOs are using AI for automation, prioritising cybersecurity amid growing threats, and embedding sustainability into financial strategy as ESG regulations come into sharper focus.  Additionally, with finance roles expanding, CFOs are investing in leadership development, digital skills and future-proofing their teams through structured succession planning.  Stay ahead in the finance world and discover:  Emerging trends Challenges Actionable strategies  Tune in now.    Host: Christine Gounder, Digital Content Leader, CPA Australia Guest: Caroline Edwards, NSW Director, Accountancy and Finance at Hays   You can read the full Hays' CFO Insights Report online and Hays' website has more about the services that the company offer.   CPA Australia also has resources for finance professionals which can help you in your career journey.   Additionally, at the INTHEBLACK website, you can read articles on wide range of topics for business, accounting and finance professionals, including the must-have skills for CFOs in 2025.   You can find a CPA at our custom portal on the CPA Australia website.   Would you like to listen to more INTHEBLACK episodes? Head to CPA Australia's YouTube channel.   CPA Australia publishes four podcasts, providing commentary and thought leadership across business, finance, and accounting:   With Interest INTHEBLACK  INTHEBLACK Out Loud Excel Tips  Search for them in your podcast platform.   Email the podcast team at podcasts@cpaaustralia.com.au  

David Zweighaft, CPA/CFF, is a co-author of this quarter's Eye on Fraud report, focused on financial tracing. Zweighaft joined the Journal of Accountancy podcast to discuss details in the report and share stories from his more than 30 years of experience in the field of forensic accounting. The discussion delves into particulars of the quarterly report and mentions an infamous municipal fraud case, which was one topic mentioned in a 2023 JofA podcast episode. Resources n  FVS Section home page n  CFF credential information page n  Eye on Fraud report for the first quarter of 2025 n  Understanding the Forensic Technology Landscape What you'll learn from this episode: ·         Zweighaft's definition of financial tracing. ·         Why human skills such as interviewing can be differentiators even as technology speeds up some tasks. ·         Some of the core accounting and auditing skills that apply to financial tracing. ·         The difference between direct and indirect financial tracing. ·         Details of the United States v. Melissa King case, a focus of the Eye on Fraud article Zweighaft co-wrote. ·         The value of hearing other professionals' stories in financial tracing.

Former Cork hurler Tom Kenny and Michael Foley of The Times look ahead to Galway's Allianz Hurling League clash with CorkThis Podcast is brought to you by Hoare Chartered Accountants. Hoare Chartered Accountants based in Galway City are a leading provider of Audit, Accountancy and Taxation services.. For more information, visit their website on www.hoarecharteredaccountants.ieSubscribe for more content!

In this week's episode, Katie Singer is joined by chartered management accountant Gary Smith. They discuss all things about Bitcoin, such as the history, what it really is and some of the tax implications surrounding it. We must preface this episode by stating that all opinions given are their own and none of what is discussed should be constituted as financial advice. Books discussed in the show: Bitcoin Standard by Saifedean AmmousBroken Money by Lyn AldenThe Price of Tomorrow by Jeff Booth Video link discussed in the show: Joe Bryan – What's the problem? RBP are one of the leading medical specialist firms of chartered accountants in the UK. They have over 30 years' experience in the medical field and they will be sharing their broad and experienced knowledge through their fortnightly Accountancy on Prescription podcasts. Listeners who will be interested in subscribing to these informative and relevant shows are doctors in general practice, locum doctors, hospital consultants, practice managers and PCNs. RBP can be contacted via their website www.rbp.co.uk; by email info@rbp.co.uk or call 020 8370 7777. We are always here to help. The content of RBP's podcasts has been obtained from, or is based on, sources that we believe to be accurate and reliable. Although reasonable care has been taken in gathering the necessary information, we cannot guarantee the accuracy or completeness of any information we broadcast in our shows. We accept no liability for any errors or omissions in information provided by the RBP team or their guest speakers. You should always carry out your own independent verification of facts and data prior to making any investment, legal or tax decisions.

Cathal Clancy and Gerry McGowan look back on Galway's defeat to Dublin and the lads also preview Galway's clash with Kerry this weekend This Podcast is brought to you by Hoare Chartered Accountants. Hoare Chartered Accountants based in Galway City are a leading provider of Audit, Accountancy and Taxation services.. For more information, visit their website on www.hoarecharteredaccountants.ieSubscribe for more content!

In this insightful episode of "The Brand Called You," host Ashutosh Garg is joined by Rohit Maini, Managing Director of Apex Accountancy and Business Clan. Tune in to learn about Rohit's journey from a corporate career to managing his father's legacy and making a significant impact in the lives of over 1,200 SMEs. Discover valuable lessons in entrepreneurship, leadership, finance, and more. Rohit shares his expertise on risk management, cash flow management, and how to maintain a positive company culture. He also emphasizes the importance of financial literacy and gives advice to budding entrepreneurs.Don't miss out on the leadership lessons, tips for balancing innovation, and the significance of digital marketing and branding in today's entrepreneurial landscape. Rohit wraps up the episode with two pieces of heartfelt advice for future leaders.

In deze Finplex video ontdek je alle nieuwigheden in de accountancy sector voor maart.Wat kun je verwachten?- **Yuki's Peppol Checklist**: Hoe deze handige tool je ondersteunt bij het verzamelen van alle benodigde informatie voor Peppol-activatie. - **Accountancy en e-facturatie updates**- **AI en technologie**: Ontdek de nieuwste trends in kunstmatige intelligentie en hoe dit jouw onderneming kan transformeren. Doe mee!Vind je deze informatie waardevol? Geef een duimpje omhoog, deel de video met je netwerk en abonneer je op ons kanaal voor meer updates over accountancy, business en technologie.Samen bouwen we aan een efficiëntere, digitale toekomst. Tot snel!#digitaleevenementen #eboekhoudenreview#zelfstandigondernemer #boekhoudsoftwarekopen #boekhoudprogrammaCHAPTERS:00:00 - Introductie00:39 - Peppol en Kunstmatige Intelligentie01:05 - Overheid en AI Toepassingen03:38 - Snelle Vragen en Antwoorden05:26 - Stand van Zaken NABO09:51 - Einde van de Video

On March 5, the AICPA published a comprehensive set of criteria for reporting on the digital assets known as stablecoins. The criteria are designed to address “the need for consistency, transparency, and trust in the stablecoin environment.” Jay Schulman, CPA, is a principal at RSM, and he's focused, in his job and his role on AICPA committees, on digital assets. In this episode of the Journal of Accountancy podcast, Schulman explains areas of focus for the AICPA's Digital Assets Working Group and the group's attestation subcommittee. That work includes the stablecoin criteria. Resources: n  Accounting for and Auditing of Digital Assets (practice aid) n  Blockchain Universal Glossary n  Stablecoin Reporting and Assurance landing page What you'll learn from this episode: ·         Schulman's explanation of the difference between bitcoin and stablecoins. ·         The reasons that an AICPA committee and subcommittee on attestation are focused on stablecoins. ·         Examples that remind Schulman of how different generations view money. ·         Why Schulman refers to the criteria as “transparency-oriented.” ·         The resources Schulman recommends related to stablecoins and the priorities of the Digital Assets Working Group.

Former Galway footballer Brian Talty sat down with Paul Shaughnessy to pay tribute to his ex teammate and manager Billy Joyce who has sadly passed away. This Podcast is brought to you by Hoare Chartered Accountants. Hoare Chartered Accountants based in Galway City are a leading provider of Audit, Accountancy and Taxation services.. For more information, visit their website on www.hoarecharteredaccountants.ieSubscribe for more content!

Barry Cullinane and Maghnus Breathnach joined Paul Shaughnessy to preview Galway's round six Allianz Football League clash with Dublin. This Podcast is brought to you by Hoare Chartered Accountants. Hoare Chartered Accountants based in Galway City are a leading provider of Audit, Accountancy and Taxation services.. For more information, visit their website on www.hoarecharteredaccountants.ieSubscribe for more content!

For several reasons, including persistent inflation and concern about the effects of tariffs, CPA decision-makers in business and industry are less optimistic this quarter about the U.S. and global economy and their own businesses. That's according to the Economic Outlook Survey released on Thursday. On Friday, Ken Witt, CPA, CGMA, AICPA & CIMA associate director–Management Accounting Research and Development, joined the Journal of Accountancy podcast to analyze the survey's latest results. In the fourth quarter of 2024, Witt said, the likelihood of less regulation was one reason for an increase in sentiment. But much of that November enthusiasm has been tempered. What you'll learn from this episode: ·         The top challenge for CPA decision-makers' businesses (it's not a surprise). ·         The difference in expansion plans based on company size. ·         The percentage of respondents who expect tariffs to have a negative effect on their organizations. ·         What finance executives project related to hiring in the coming 12 months.

Fergal Moore and Kevin Brady joined Paul Shaughnessy to look back on Galway's heavy defeat to Limerick This Podcast is brought to you by Hoare Chartered Accountants. Hoare Chartered Accountants based in Galway City are a leading provider of Audit, Accountancy and Taxation services.. For more information, visit their website on www.hoarecharteredaccountants.ieSubscribe for more content!

Rohit Maini took over his father's accountancy firm after his father's sudden passing. He had to transition the business from a traditional paper-based practice to a more modern, digitised operation. Rohit brought in a new team and updated processes to better serve the firm's long-standing clients. Summary of the PodcastBalancing compliance and advisory servicesRohit discussed the importance of compliance work, but also emphasized the need to provide more strategic advisory services to clients. He aims to be a trusted business partner, helping clients make better financial decisions to grow their companies. Rohit sees technology as an enabler, allowing his team to be more efficient on compliance while focusing more on advisory.Expanding services beyond accountancyIn addition to accounting and tax services, Rohit's firm has acquired a consulting practice that provides marketing, HR, and other business advisory services. This allows Rohit to offer a more comprehensive suite of support to help clients succeed.Rohit's podcast and entrepreneurship focusRohit hosts a podcast called "Everyday Empires" which aims to make entrepreneurship more relatable and accessible. He wants to not only inspire potential entrepreneurs, but also provide practical guidance and resources to help them take the leap and start their own businesses.Exploring AI and technology integrationTowards the end of the meeting, Rohit and the hosts discussed the potential for integrating AI and other technologies into Rohit's accounting and consulting practice. They see opportunities to enhance compliance work and provide more valuable insights to clients.The Next 100 Days Podcast Co-HostsGraham ArrowsmithGraham founded Finely Fettled ten years ago to help business owners and marketers market to affluent and high-net-worth customers. Graham founder of MicroYES, a Partner for MeclabsAI, which combines the world's biggest source of 10,000 marketing experiments with AI. Find Graham on LinkedIn.Kevin ApplebyKevin specialises in finance transformation and implementing business change. He's the COO of GrowCFO, which provides both community and CPD-accredited training designed to grow the next generation of finance leaders. You can find Kevin on LinkedIn and at kevinappleby.com

The AICPA & CIMA CFO Conference begins April 23 in La Quinta, Calif. The co-chairs of the conference planning committee joined the Journal of Accountancy podcast to discuss top-of-mind issues for finance leaders and to preview the agenda for the in-person event.   Ted Delgado, CPA, CGMA, and Summer Redmon, CPA, finance executives themselves, shared what they learn from attending the conference each year and explained the ways that the pace of change has affected the CFO role.   Also, Lisa Simpson, CPA, CGMA, AICPA & CIMA's vice president–Firm Services, joined the show to discuss International Women's Day, which this year is on Saturday. Resources: n  CFO Conference registration information and agenda. n  Podcast conversations in September and January with not-for-profit CFO Janice Stucke, CPA. What you'll learn from this episode: ·         The value of self-awareness and servant leadership for CFOs. ·         Redmon's explanation of a former boss referring to herself as “CFO-plus.” ·         Delgado's summary of a session on navigating business slowdowns. ·         Highlights of other topics and panel discussions at the conference. ·         The importance of International Women's Day to one AICPA & CIMA leader.

Maurice Brosnan and Paul Shaughnessy look back on Galway's draw with TyroneThis Podcast is brought to you by Hoare Chartered Accountants. Hoare Chartered Accountants based in Galway City are a leading provider of Audit, Accountancy and Taxation services. For more information, visit their website on www.hoarecharteredaccountants.ie Subscribe for more content!

Cyril Farrell and Greg Lally preview Galway's Allianz Hurling League clash against Limerick this weekend This Podcast is brought to you by Hoare Chartered Accountants. Hoare Chartered Accountants based in Galway City are a leading provider of Audit, Accountancy and Taxation services.. For more information, visit their website on www.hoarecharteredaccountants.ie Subscribe for more content!

Nina Chmura, CPA, a partner at the firm Withum, was a co-presenter with two other CPAs at Digital CPA in Denver on the topic of firms growing their client advisory services (CAS) offerings. The title of the session: “How to Be the CEO of Your CAS Practice.” Speaking from the conference site, Chmura detailed some of the keys to CAS success in this Journal of Accountancy podcast episode. Chmura also reflected on her career journey. She is a 2012 graduate of the AICPA Leadership Academy, calling the experience “life-changing.” Chmura also found value in being part of a panel of guest editors for the May 2017 issue of the JofA. What you'll learn from this episode: ·       The focus on metrics — identification and evaluation of effectiveness. ·       How the CAS advice and themes apply to her role at Withum. ·       The link between satisfied advisory clients and happy employees. ·       Identifying which KPIs are truly key to success. ·       Chmura's surprise about being asked to be a JofA guest editor in 2017. ·       More on her advice about identifying personal KPIs.

Show Notes Booker T. Washington once said: “An inch of progress is worth more than a yard of complaint.”  A once enslaved man who became an author and speaker in the post-Reconstruction Jim Crow-era South, Washington famously advocated against protest and agitation tactics meant to advance civil rights. Washington's position was that Black Americans should concentrate on economic progress, rather than desegregation efforts.   Washington believed that economic success would advance Black people in American society and protect them from the violence of the Jim Crow era.  However, this wasn't always—or even often—the case.  In a paper titled, “An Inch of Progress: Black Business and Black Accountants Fighting Jim Crow Violence,” researchers from the University of Denver have set out to set the record straight on how economics and accounting actually hurt or benefited Black Americans at the time. In this episode, Emma speaks with Daniels College of Business professor Tony Holder and history professor Kimberly Jones from the College of Arts, Humanities and Social Sciences, plus grad student Mayowa Alabi, about their research into the history of racism and accounting. Anthony D. Holder, PhD, CPA (Inactive), is an associate professor at the University of Denver. He has previously taught at Case Western Reserve University, the University of Toledo and the University of Cincinnati. He also spent a semester teaching in Shanghai, China. He earned his BA in Accountancy at Park University, a Master of Accountancy at Wright State University and a PhD in Accountancy at the University of Cincinnati. He is a Certified Public Accountant (CPA). Prior to obtaining his PhD, he worked for PricewaterhouseCoopers LLP in their auditing and tax departments. Kimberly Jones is an associate professor of history in the College of Arts, Humanities and Social Sciences. Jones studies the experiences of enslaved and free black people across the Atlantic World. Her primary research is centered on the construction of racial identity through medicine and science. Mayowa Alabi is a graduate student in the Daniels College of Business. 

In this episode of the Heal Your Hormones podcast, Dr. Danielle Desroche interviews Dr. Evans, a board-certified OB-GYN and functional women's health practitioner. They discuss the importance of understanding women's health through a functional medicine lens, the creation of Almond as a new model of care, and the significance of trauma-informed care. Dr. Evans shares insights on addressing common women's health concerns, the limitations of conventional medicine, and practical tips for improving hormonal health. The conversation emphasizes the need for a holistic approach to women's health and the empowerment of patients in their healthcare journeys.Chapters 00:00 Introduction to Functional Women's Health 00:54 The Journey into OB-GYN and Functional Medicine 07:02 The Birth of Almond: A New Model of Care 21:58 The Limitations of Conventional Treatments 24:52 Exploring Comprehensive Testing for Women's Health 31:45 Non-Negotiables for Hormonal Health 34:02 Dr. Evan's Persoanl Favorite Wellness TrendAbout Dr. Christy Evans:Dr. Evans is a board-certified OBGYN, functional women's health practitioner, and certified menopause practitioner. She believes it is a privilege to care for women throughout their reproductive journeys. As Almond's Medical Director, Dr. Evans leads a robust clinical team that creates new models of care that empower women and improve clinical outcomes. Dr. Evans is Co-Founder of NewDAWN Africa, which supports maternity care and gynecologic surgeries in Nairobi, Kenya, as well as Co-Founder of The Village for Mamas, a group that provides grants for postpartum services to new moms in need. She's also received training through the Institute for Functional Medicine and seeks to empower her patients to live their healthiest lives through a personalized, holistic approach. Finally, she is a mother to two very energetic toddlers. Experience: Board Certified ObGyn, Menopause Society Certified Practitioner, Co-founder of NewDAWNAfrica, Co-founder of The Village for Mamas, Institute for Functional Medicine AFMCP Education: B.B.A. in Accountancy and International Peace Studies from the University of Notre Dame, M.D. from the University of California, Irvine School of Medicine, Obstetrics and Gynecology Residency at Kaiser Permanente Los Angeles Medical Center Almond's Instagram Christy's Instagram Almond website-----Have a topic you want covered? DM me on Instagram @drdanielle.nd⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Schedule your strategy call here.⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Join the newsletter here!⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Fullscript Supplement Dispensary⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

On this episode, Heather speaks with Randy about the latest technology trends from the Consumer Electronics Show (CES). They discuss standout innovations, including AI-powered laptops, wireless monitors, and new productivity tools like foldable screens and ergonomic keyboards. Randy also highlights concerns over the lack of new products from major brands like Nikon and Canon, as well as the evolving role of AI in business security and client data protection. About Our Guest: Randy Johnston, MCS, has been a leading figure in technology for over 40 years. Inducted into the Accounting Hall of Fame in 2011, he has remained a Top 25 Thought Leader in Accounting from 2011 through 2024. His continued influence in the profession is highlighted by his recognition in the 2024 Accounting Today Top 100 Most Influential People in Accounting—his twenty-first consecutive year on that list. In addition, Randy authors a monthly column and hosts a weekly podcast for The CPA Practice Advisor, contributes to the Journal of Accountancy, writes for various accounting and technology publications, and has published numerous books. Connect with Randy: www.randyjohnston.com www.technologybestpractices.com www.nmgi.com www.k2e.com  Thank you to our show sponsor, Truewind! Truewind is a next generation AI-powered accounting platform. Adhering to the highest standards of data security, Truewind's close management platform automates routine tasks and finishes your monthly close with time to spare. Learn more about the show and our sponsors at Woodard.com/podcast

Brad and his guests discuss the recently issued FASB accounting standard update on expense disaggregation disclosures as well as guidance on non-GAAP financial measures. *** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. *** Resources:FASB ASU 2025-01, Income Statement — Reporting Comprehensive Income — Expense Disaggregation Disclosures (Subtopic 220-40): Clarifying the Effective DateJournal of Accountancy article: Exercising caution with non-GAAP measures and disclosuresAccounting and auditing articles and eventsFraud prevention articles and eventsJoin the Accounting & Auditing Standards Interest Group

Mark Koziel, CPA, CGMA, was less than a week into his tenure as AICPA & CIMA CEO when he joined the Journal of Accountancy podcast for a two-part conversation. In part one, published Thursday, Koziel discussed wanting to hear from members about their challenges and success stories. In part two, he talks about how accountants can work with artificial intelligence tools, why he initially was interested in pursuing work with the FBI, and the value he sees in a hybrid work environment for some firms.  Koziel has invited members to send email to AskMark@aicpa-cima.com and "tell me how the Association can help you, your career, and the profession." What you'll learn from this episode: ·         The career-related questions Koziel used to ask fellow CPA firm partners. ·         One aspect of Koziel's preparation to become an accountant that he would have changed. ·         The key things he learned as an employee of the grocery store Wegmans. ·         What he says to students considering a career in accounting. ·         More on how client advisory services have “erupted” over the years.

Mark Koziel, CPA, CGMA, was officially just a few days into his role as CEO of AICPA & CIMA when he took time to join the Journal of Accountancy podcast for a conversation that will be shared in two parts. Part one is below, and part two will be published in the coming days. Koziel — named in October to succeed the now retired Barry Melancon, CPA, CGMA — discussed the importance of hearing about the successes and challenges facing members, how he hopes to create communities, and more in this interview. Koziel also invited members to send email to AskMark@aicpa-cima.com and “tell me how the Association can help you, your career, and the profession.” Related links: n  The news of Koziel's hiring, succeeding Barry Melancon as CEO. n  Melancon's words about Koziel in a December podcast conversation. n  Koziel's previous JofA podcast appearance, as part of a 2022 episode when he was the CEO of Allinial Global. What you'll learn from this episode: ·         Three facts for members to know about Koziel, in his words. ·         What he sees as the profession's strengths and opportunities. ·         Why he calls accounting pipeline concerns “not a U.S.-only problem.” ·         Koziel's “listening tour” with members and his request for feedback. ·         More about his ideas for creating communities within the global membership of AICPA & CIMA. ·         Koziel's thoughts on the evolution of the profession. ·         The important distinction between outsourcing and offshoring. ·         A look ahead to part two of the conversation.

Sociaal psycholoog en generatie-expert Aart Bontekoning vertelt over hoe verschillende generaties elkaar kunnen versterken in de accountancy, een sector die bekend staat om structuur en traditie. We gaan in op vragen zoals:- Hoe zorgen we ervoor dat de frisse energie van jongere én oudere generaties niet verloren gaat in vastgeroeste werkprocessen- Wat is er nodig om maximale synergie tussen generaties te bereiken in de accountancy?- Welke gedateerde gewoontes binnen organisaties stoten jongere generaties af?Meer info over Aart Bontekoning: www.aartbontekoning.comDiverse publicaties en online cursussenLees meer over de NBA Young Profs

In this episode, I speak with Mark Koziel as he steps into his new role as CEO of the AICPA, succeeding Barry Melancon, who led the organization for nearly 30 years. Mark shares his vision for the profession, bringing a global perspective from his experience at both the AICPA and Allinial Global.We discuss key challenges like talent shortages, technology, and regulatory shifts, as well as the importance of community and keeping the profession strong for future generations. From private equity risks to new opportunities, Mark sees every challenge as a chance for growth.Whether you're a CPA, student, or leadership enthusiast, this conversation is packed with valuable insights. Resources:Mark Koziel LinkedIn ProfileJournal of Accountancy article, "Mark Koziel to become CEO of the Association of International Certified Professional Accountants", by Kim Nilsen

Drs. Jensen and Richey welcome members of The Podiatry Foundation to Dean's Chat!  The Podiatry Foundation was founded in 2012 as the result of the Ohio College of Podiatric Medicine's integration into Kent State University.  Today's discussion is a highlight of The Podiatry Foundation's work in giving back to the podiatric community in the areas of education, research, and now....yes....Student Recruitment.  Enjoy!  Below are biographies of our guests from the Podiatry Foundation: Eugene M. Pascarella, DPM, FACFAS, MBA Executive Director Gene M. Pascarella has served on The Podiatry Foundation Board of Trustees (formerly The OCPM Foundation) since 2012. In September 2024, he was appointed Executive Director.  He holds a 1982 degree from the Ohio College of Podiatric Medicine and received his MBA from the University of Phoenix in 2002. Currently, Dr. Pascarella serves as a Regional Medical Director for Upperline Health. He is also a faculty member at Advent Health Hospital System, teaching podiatric residents.   Dr. Pascarella has also served on the Board of Trustees of the Ohio College of Podiatric Medicine from 2008 until 2012. He currently serves on the Kent State University College of Podiatric Medicine Advisory Board, where he served as Chair of that board from 2013-2018. In recognition for his contributions, he received the Kent State University College of Podiatric Medicine Ambassador Award in 2015, the Kent State University College of Podiatric Medicine Alumni Service Award in 2017 and was inducted into the Kent State University College of Podiatric Medicine Hall of Fame in 2022. Victoria J. Newman, CPA, MBA Chair Philanthropic Impact and Strategy Committee Executive Committee Victoria Newman has served on The Podiatry Foundation Board (formerly the OCPM Foundation Board) since 2022. She is a graduate of John Carroll University and Cleveland State University, with Accountancy and MBA degrees. Ms. Newman's professional experience spans twenty years in the non-profit sector, in the areas of Audit Services at Howard Wershbale & Company, and Finance and Philanthropy at Cleveland Clinic Foundation, Cleveland Clinic London and Case Western Reserve University. Currently, Ms. Newman is the Assistant Dean of Finance and Business Administration at Weatherhead School of Management at Case Western Reserve University.  Prior to her current role, she served as Executive Director at Case Western Reserve University, with oversight of the University's endowment management. Nilin M. Rao has served on The Podiatry Foundation Board of Trustees since 2022 and serves on the Research and Education Committee.  He then pursued his master's degree, followed by simultaneous doctoral degrees from Kent State University, completing his DPM as well as a PhD, in exercise physiology.  He then completed a three-year Podiatric Surgical Residency at Highlands-Presbyterian/ St. Luke's (PSL) Medical Center in Denver, Colorado, where he served as Chief Resident during his final year. This was followed by an additional one-year fellowship in advanced foot/ankle reconstruction, sports injuries and foot/ankle trauma at the prestigious Silicon Valley Reconstructive Foot and Ankle Fellowship with Sutter Health-Palo Alto Medical Foundation in Mountain View, California. Dr. Rao currently serves on the Kent State University College of Podiatric Medicine Advisory Board, Kent State Exercise Physiology Advisory Board, American Board of Foot & Ankle Surgery Communications Committee, and is one of the founding members of the Kent State University College of Podiatric Medicine Alumni Alliance. Dr. Rao is a Diplomate of both the American Board of Foot & Ankle Surgery and the American Board of Podiatric Medicine, and a Fellow of the American College of Foot and Ankle Surgeons. Dr. Rao is in private practice in Austin, Texas.  Nicki D. Nigro, DPM Chair of the Executive Committee Chair Research and Education Committee Dr. Nicki Nigro joined The Podiatry Foundation Board of Trustees (formerly the OCPM Foundation) in 2021.  She was appointed Chair for the Executive Committee in September 2024 and serves as Chair for the Research and Educational Committee. She attended the University of Arkansas and obtained her B.S. in Exercise Science and Physiology in 1985. While working on this degree, Dr. Nigro was introduced by a colleague to the field of Podiatry. She received her Doctorate of Podiatric Medicine from Des Moines University (College of Podiatric Medicine & Surgery) in 1989. She completed her surgical training at The Podiatry Hospital of Pittsburgh in foot and ankle surgery. Dr. Nigro is board certified in Foot Surgery by the American Board of Foot and Ankle Surgery. She has been practicing medicine in the Pittsburgh area since 1991. She sees patients at the Glenshaw, Vandergrift, and Natrona Heights offices. She is a member of the Residency Committee for The Western Pennsylvania Podiatric Surgical Residency Program.

Chris Dyer, whose recent book details seven pillars of corporate culture, joined the Journal of Accountancy podcast from the Future of Finance Summit in San Diego to explain some of the ways companies can get culture right — and the ways they get it wrong. For instance, Dyer said that a common approach of individuals and organizations, after a strengths and weaknesses assessment, is to think about the areas where their performance is mediocre.  “They want to … start with the ones they're OK with,” Dyer said. “I say go after the one where you're terrible, and you fix that, and your people all of a sudden get excited.” Also, get insight, in the form of a quick-hitting sound clip to close the episode, on how high-level thinking serves a CPA who played in the NFL. What you'll learn from this episode: ·         Why Dyer got into the exploration of team and corporate culture. ·         Dyer's assertion that building company culture is more science than art. ·         The value of saying “yes” more often — and strategies to pull it off. ·         Why he says it's not valuable for companies and individuals to focus on improving their “so-so” skills. ·         A recap of the JofA Q&A with an NFL player turned CPA, just in time for the Super Bowl.

On Today's Episode – We are joined by returning guest Donna Jackson from CFACT. Donna gives us a little info on what she'sbeen up to since we last talked to her. Mark and Donna dive right in and talk California Wildfires, SanctuaryCities, and how howd the Left makes it to get anything done, and how fast Trumpis moving. Tune in for all the Fun https://www.cfact.org/ Donna Jackson, CFACT policy analyst,is a seasoned businesswoman with public and private sector experience and hasspent decades as a pro-energy advocate for the minority population, through heradvocacy work with Congressional leaders and ministry leaders. She is asought-after speaker, who has frequently testified before Congressional leaderson the plight of debilitating energy policies on minorities and low-incomepopulations. Her media appearances include Newsmax, One America News Network,NTD TV, BEK TV, and national radio network shows. Her op-eds have appearedonline and in print in national publications such as the Washington Times,Daily Caller, Inside Sources, FOX News, the Detriot News, Sacramento Observer,Las Vegas Review-Jounral, the Federalist and the Washington Examiner. Donnaearned a Bachelor of Accountancy (cum laude) from the California StateUniversity San Marcos. She has worked in accounting, auditing, tax andmanagement roles with major companies such as Ernst Young, Cardinal Health andMarriott International in the private sector before serving in the publicsector as the vice president and deputy controller for the Export-Import Bankof the United States. She is a member of the National Association of BlackAccountants. Prior to her career in accounting, Donna was a political operativein the state of Arkansas, having worked on the successful campaigns of formerGovernor Mike Huckabee, Senator Tim Hutchinson and Representative (laterGovernor) Asa Hutchinson. She played a vital role during the Huckabeegovernorship in recruiting black candidates for executive-appointed boards andcommissions in addition to helping create job-training programs at a localcommunity college and the Arkansas Office of Workforce Development. Shecurrently serves as an advisory board member for the Independent Women's Forum(IWF) Center for Energy and Conservation, an advisory board member of the 2025Project, a member of the Board of Directors of The Conservative Caucus,Membership Director of the black leadership group, Proj. 21, a member of theHeritage Foundation African American Advisory Council, and a member of theBoard of Advisors of Our America. She is a former divinity graduate of CharlesH. Mason Theological Seminary in Memphis, Tennessee. It was there that she wastaught the gift of administration as a vital part of the Christian ministry.Donna is a firm believer in free markets and entrepreneurship, rather thangovernment, as a means of lifting people out of poverty.

On this episode, Nicole Graham, Risk Consultant — Aon, and Stan Sterna, Vice President — Aon, the national administrator and broker for the AICPA Member Insurance Programs, discuss identifying high-risk clients and managing conflicts of interest. They share their experiences and insights on professional liability risks, client acceptance and continuance protocols and the importance of maintaining objectivity and ethical standards in the accounting profession. What you'll learn from this episode: Why it's critical to have and follow client acceptance and continuance protocols. How to properly manage a conflict-of-interest situation within a firm. Best practices on termination of client relationships. The importance of having an engagement letter in place particularly when dealing with high-risk clients. AICPA resources Client Termination Practitioner Checklist and Notification Letter Terminate a client relationship by following these helpful practice management reminders and then formally communicate the termination to your client. Say “I do” to engagement letters This podcast centers around the importance of engagement letters for tax practitioners.    Client Continuance Evaluation Tool Tool designed to help CPA firms determine whether or not they should continue working with a client or terminate the relationship.   Transcript April Walker: Hello, everyone, and welcome to the AICPA's Tax Section Odyssey podcast, where we offer thought leadership on all things tax-facing the profession. I'm April Walker, a lead manager for the Tax Section, and I'm here today with Nicole Graham and Stan Sterna. They are both with Aon, and I'm going to let them tell you a little bit about what they do. We're here together recording, which is always exciting to be able to do that in person at Digital CPA in Denver, and they are doing a session called identifying conflicts of interest and high-risk clients. I thought, that sounds really interesting and something our listeners might want to learn more about. Stan, we'll start with you. Tell us a little bit about your background and where you're coming at this session. Stan Sterna: Sure, thank you, April. I have a legal background. I started off practicing law, about 34 years ago, I'm dating myself. My entire career has been defending professional service firms and then an opportunity to take a position with Aon, who is the national administrator and broker for the AICPA Insurance Program, of which CNA is the underwriting partner, the carrier and had worked with Aon for a long time and they wanted me to come over and serve as a risk control consultant for not only the program but also for some of the larger firms as well. I came over about 2016 and I currently advise firms on professional liability risks, cyber risk. I'm also involved in doing presentations like I am here today at Digital CPA and other industry events, writing articles for the Journal of Accountancy, as well as other publications. I like to look at ourselves as risk advisors as not somebody that puts a stop sign up and says, don't do anything or don't do something. It's giving folks in the accounting profession the tools in order to manage the risk while providing services and expanding and growing their practice. April Walker: Nicole, what's your perspective on this topic today? Nicole Graham: Well, I am here to scare everyone just a little bit. April Walker: That's okay. Nicole Graham: But I'm Nicole Graham. I am like Stan, a recovering attorney. I was in litigation practice for almost 18 years. For the majority of that time, I represented professional service firms in professional liability litigation and also disciplinary actions. I did that for a long time and decided to take off the boxing gloves, stop fighting every day, and instead take all those lessons learned and now try to work with firms proactively to avoid some of those pitfalls. April Walker: Let's talk about identifying high risk. High risk could mean different things to different people. Stan Sterna: I think the first thing you need to do, April, is you have to have client acceptance and continuance protocols in place. That's vital to identifying, is this client a right fit? You have to have that process, but as part of that process, you have to identify initially what is the risk appetite of the firm. What is your ideal client? It could be by industry, it can be by size. It could be by geographical location. It could be by the amount of revenue they make if it's a company or income. Identifying what is your ideal client, I think, is the first step. Then you have to not only, and I think this is important, evaluate a client when they're coming through the door to see if it fits the risk appetite at a firm, but also you have to continually and regularly monitor the client and whether or not the client is still a member or still fits within your risk appetite. That's what we call client continuance. Sometimes client acceptance, everybody does client acceptance and might not be in one shape or the other, might not be the best client acceptance. April Walker: It's not formal maybe. Stan Sterna: Everybody's evaluating even folks that don't have written criteria or developed any concrete parameters. In some subconscious level, you're thinking, is this somebody that I want to work with or have as a client? But on the other hand, continuance seems to get short changed, especially in the tax area. One of the things that we've seen when we've dealt with a tax claim is situations where you have a client who maybe doesn't pay on time, or the client is constantly providing information at the last minute, and you're scrambling and you have to get extensions. But yet, when the client came in the door, it seemed like a perfect fit for the firm. You're not re evaluating the situation, whether it's the demeanor of the client, the way they cooperate or maybe just circumstances change with the client that at least should be the impetus for looking at the client and rethinking is this client a good fit for our particular firm? Unfortunately, we've seen a lot of claims in the past, both Nicole and I, where continuance was the issue and not monitoring, is this a potentially high risk client? I think, in the tax area, one of the biggest risk flags or red flags is not paying fees and/or not giving information on time. Unfortunately, when people don't pay fees and they're constantly either slow paying or they want to pay a fraction of it, if you pursue those fees, a lot of clients will turn around and point the finger at the accountant and say, well, there was something that you did that I didn't like, and that's the reason why I'm withholding fees. A lot of them it's a ruse to be frank with you, a client ruse in order to avoid either paying the fees or have some leverage in negotiating the fees. April Walker: Sure. Stan Sterna: Folks people are dedicated to the profession and I'm sure there's a lot of folks out there that absolutely love what they do and they love their clients, but for the most part, people aren't doing tax work for free. This is not a hobby. April Walker: This is not nonprofit. Stan Sterna: You should get paid. We've seen plenty of circumstances in the past where you know it's a problem client. Every time you say, well, I'm in the midst of preparing your returns for this year, I need to get paid from last year, and they'll put it off because they don't necessarily want to get in a situation where they're going back and forth with the client. Some folks will look back and go, well, the founder of our firm brought that client and it's a legacy client, and yeah, they don't pay, or yes, they're always questioning what I'm doing. They always want to, and these are other red flags, take shortcuts when preparing their taxes or giving you incomplete information. Then you continue to say, look the other way and muddle through it and file a return with the best information available. Keep your fingers crossed. April Walker: That's not a good risk plan. Stan Sterna: That's not a good risk risk plan. In that situation, you should really look at that individual. It could be a friend. It could be a legacy client and decide, do we really continue together on this path in a tax preparer client relationship? Is it in my best interest to do that? April Walker: These are good things. I'd like to pivot a little bit now and we'll talk about with Nicole, and certainly a high risk client could be, or another way of looking at it would be a conflict of interest. Talk to me Nicole a little bit about what kind of conflict of interests do you see that are problematic and how practitioners can recognize that, and also, take the next step as far as what do they do if they identify something as conflict of interest? Nicole Graham: A conflict of interest is really just being able to identify and manage situations where there are competing interests or relationships. CPAs are required to maintain and protect their objectivity when they're providing client services. That is paramount to their duties to their client under the code of conduct, and something that we have to protect. Nicole Graham: The way that the conflict of interest comes up is you have clients that could be adverse to one another. April Walker: A divorce situation? Nicole Graham: Correct. Or you have business partners who are going through a business dispute and you represent both of the business partners. We see that a lot. When you look at these relationships and competing interests, you have to ask yourself questions. Am I able to remain objective while providing service to both affected clients, you also need to make sure that you are not putting your personal interest before client interest because there are your own self-interest or the interest of interests that your firm has or that close family members or close friends have that could affect your objectivity in providing client services. This is something that you need to look at when you're evaluating a potential conflict. You should be asking yourself, who are the stakeholders, do I have any personal issues that I need to address or any personal interests? Yes, no. Does this affect a client? For example, do I already represent a competitor in that industry, and would providing strategic insights to these competitors be a conflict? Could it be to the detriment of my other client? These are things you need to look at. If you have a conflict, it doesn't necessarily mean you have to turn away the business, but it is something that you need to evaluate and you need to evaluate it from the beginning. If however, you identify the conflict, you can then proceed with a representation, but you have to meet a little test. If you look at Section, I think it's 10.29 of circular 230, it identifies the ways that you can manage the conflict and still represent the client. You have to have a reasonable belief that you can provide the affected clients with proper objectivity and diligence in the representation. You have to make sure that you're not violating any laws by representing them both and you have to have informed consent and waiver by the client and it must be in writing, and it must be done sooner rather than later. Don't wait till the end of the representation to address it. In identifying how you go about this, we usually refer to it as the ACE framework. Awareness, communication, and exit, awareness, identifying the conflict, and once you identify it through asking yourself these various questions, then you have to communicate the conflict to the client. When you do that, you have to be specific about the potential conflict. You want to make them aware of it, you want to make them aware of the potential implications. You want to tell them your idea for how you plan to manage what guardrails you're going to put in place during the provision of services to protect them. You want to get their consent. You want to get it in writing. You want to document it, and then you also need to keep that documentation. Then if you decide through your analysis though, that the conflict can't be properly managed, that despite all the guardrails you can put in place, you still feel that there is exposure to you or your firm in going forward with the representation, then you should consider not taking on that client or disengaging, you have to eliminate the conflict. April Walker: Very helpful, Nicole. In your ACE framework, E is for exit. We've got exit and terminating the relationship. Nicole Graham: It's really when you're evaluating how to put in different guardrails, for example, can you have separate engagement teams to help both clients who might have competing interests and form an ethical wall? Then you realize, actually, I don't have enough people with the requisite expertise to form two engagement teams. Well, then that means you cannot take on both representations, you're going to have to eliminate the conflict, so you'll have to figure out which of the clients to move forward with and which one to let go. That's one of the most basic ways I've seen firms have to exit from a situation where they didn't have the resources to put in the proper guardrails, like having separate engagement teams. April Walker: That makes sense. Stan, where do you see termination in this risk area, and how do you help your clients with that? Stan Sterna: It's an important part. Like I said, not every client is a good fit for a firm. There's going to be clients that you really shouldn't touch with a 10 foot pole. There is a method to terminating that if you do it effectively, can help mitigate your risk. This is in the context of not only conflicts of interest, but high-risk clients that you don't want to take on. Most claim scenarios involving client termination involve terminating in such a way that the client feels you left them in a lurch, and that there was some deadline that is going to be missed because you left him in a lurch and maybe you didn't tell him about that deadline. That is really, I think, the core focus of claim scenarios involving termination. How do you terminate? Is there a good or is there a bad way? I think there is a good way. Once you make the decision, we need to terminate this client. I'll say April, more and more firms, and I'm encouraged by this, are culling their clients. The way to do that is once you identify this as a client that maybe for whatever reason is one that the firm is no longer going to continue with, what you should do it should be in writing definitely. Claim scenarios involving accountants' liability situations are document intensive. This is not a car accident type of case where there are eyewitnesses, it is going to fall back on documentation. Documenting a letter by a traceable delivery method, whether it's certified, whether it's traceable electronic communication, registered mail, whatever, a traceable delivery system or delivery method that says we are terminating. The ABC CPA firm is terminating the engagement effective immediately returning all original documents to them and then saying in the letter, you have important deadline and it's coming up here. You have to file your returns by this date or you have to file an extension by the state. We'll gladly connect with your successor tax preparer when you identify them and provide them whatever information they need so that they can I'm not going to do any work. But if they need some documents that we have or just want to converse, we'll make ourselves available. Then one thing we always hear from clients is that they want to get into a tit-for-tat with the client. I want to put in the letter everything that I felt they did that made my life miserable. We always advise, don't do that. The termination letter is not an opportunity to go through a give and take, a back and forth with my client. It's not productive. You don't have to do that. You should have a termination clause and your engagement letter says, we can terminate at any time. If you want to put in there because the fees aren't being paid, I would say each side should be allowed to terminate. That's not the point to do it. Plus, when you start arguing facts, facts they're subjective. People have their own ideas and their own version. Another important thing is, I think you should always say there's unpaid fees and that you owe me the outstanding fees because I don't want to give the disgruntled client the opportunity to say, well, obviously you terminated because you did something wrong and you didn't ask for your fees. That's why you didn't really pursue your fees. Saying, hey, it's legitimate work we did. This is the work that's finished. You owe us X amount. I think further buttresses the strength of the termination letter. There is a mitigating way to mitigate risk. Nicole Graham: I just wanted to add a point on when you in your termination letter advised that there are outstanding fees, I would always characterize enclosing your final bill. You don't want a situation where they think paying the bill means that they get to stay on as a client or that they get to argue that. Definitely characterize it as the final bill for services and that making it clear that there will be no further services. April Walker: Thank you so much. Nicole and Stan. This has been a lot of good information for our listeners to think about. Nicole, is there anything else you would like to leave us with as we're thinking about conflict of interest? Nicole Graham: Sure. I think it's really important to have your conflict management practices and protocols in place. You want to make sure that you have your framework really built out and you want everyone in your firm to know what these practices and procedures are and explain to them why they're needed. These are not just for your intake people to go through because during the course of an engagement, these conflicts can change and if you have a conflict that changes, you need to address that with the client because you no longer have informed consent if they don't know that there was a change. That's good. That's why it's imperative that not just your intake people know, but the whole firm knows and understands why you do that. It's important to create a culture where people are aware of their ethical obligations, they feel comfortable raising these questions and concerns to the appropriate channels within the firm. You want to make sure that your tone of the top is really stressing your ethical responsibilities, that there are clear reporting channels for your people to address their concerns with. Really, as Stan said, documentation is so key in these engagements, you want to make sure that your conflict management process is properly documented. You want to have everything documented from when you identified the conflict to however it was managed and resolved, whether it was exiting the engagement with the client and having your disengagement letter or having your informed consent and putting your guardrails in place. That should all be properly documented. Consistency is key because if you have the practices and procedures in place, you need to follow them. Because if you have a deviation from your practices and procedures, that will be exploited by a plaintiff's attorney and you're going to have to answer that in a lawsuit. A good way to have consistency is training and education with your people. Make sure that they are aware you have continuous training and workshops to stress their ethical responsibilities in managing these conflicts. April Walker: I know that when I was in practice, we had a yearly review of the client list and we had to sign and say that there were no conflicts or if there were, we had to address them. I don't know if yearly was sufficient, but that was the message that I heard that it was important. Nicole Graham: I think that's a great idea. I will say, to make it where that exercise doesn't become a check the box exercise for your practitioners, have that statement that they have to sign go out at the same time you're doing the training. So all of the things you're telling them to consider about ethics and conflicts are top of mind when they're reviewing that. April Walker: Makes sense. Nicole Graham: Stan, what's some closing thoughts you'd like to leave us with today? Stan Sterna: Well, I think the first thing I'd like to note is that tax claim severity has been increasing in recent years. I've been doing this a long time and for years, tax claim frequency was and still is the highest. We receive more claims involving tax services than any other service offering and that's not surprising. It's the bread and butter of what CPAs do and accountants do. But we've seen an increase and it's driven mainly by FBAR and syndicated conservation easements, promoting them, lack of due diligence with regard to it and IRS disallowing the deduction and then the accountant gets sued. Those are some substantial damages involved. The other thing is tax is always the lowest service line in terms of use of engagement letters. Obviously, as an auditor, our attest engagements are required to have engagement letters. But a lot of folks and we get a lot of questions from folks or a lot of comments that are tax preparer only and saying something along the lines of, well, I've never used engagement letters or my clients there's no expectation. I've had these clients for years and years. It's monotonous. It makes it look like I'm trying to hide something or cover my bases and all that. It's really not true. You got to look at it this way, and it's an analogy that Nicole and I use a lot when we're talking to folks is you certainly wouldn't have somebody come into your home and do work on your house without a contract, without an engagement agreement, without knowing what they're going to do, what's the limitations of what they're going to do, what is the scope of what they're going to do, how much they're going to get paid, all those things. Why would the expectation be that the client is going to get their tax returns prepared or have tax work done without an engagement agreement? Just doesn't make make sense.  They shouldn't be offended by it. It should just be something that is just as beneficial for them as it is for the CPA is Number 1. Number 2 is that when you're dealing with a high-risk client, one of the first things that we go to high-risk client or not, Nicole can tell you this when we would deal with defending CPAs in a professional liability claim, first thing we would ask for is the engagement letter. Let me see what you're doing, what you agreed to do and with certain clients or with any client? What are your liability limitations that you have in engagement agreement? A lot of folks use and we recommend highly and we have templates of terms and conditions where you can limit the liability. You can have damage caps if the other side agrees to it. You can shorten the statute of limitations. You can pinpoint what venue and what law will apply. A lot of different things to help limit your exposure. It's going to ultimately be the court's decision if you end up unfortunately in litigation as to whether or not they're going to uphold these provisions. Well, I know some will if it's clear and concise, and it's not otherwise boilerplate in the engagement agreement. They'll look at two sophisticated parties, both going back and forth negotiating an engagement agreement. It was pretty clear what the expectation was and everybody knew what was intended. But even if it's not used or the court does not uphold it, we use it claims in defending the claim. In settlement negotiation, you can use it as leverage to say to the other party, you're asking for exorbitant damages. You really need to discount them considerably because I have this cap, let's say, a damage cap in a provision limiting your damages to $10,000. Even in situations where maybe the court didn't uphold the cap, maybe it's subject to appeal, maybe a court just denied a summary judgment motion to limit the damages and said, you know what, we'll let the jury decide later. You can use that as leverage. It's always an argument unless it's dead in the water, unless they dismiss it with prejudice, it's something that you can use if it's subject to appeal or if it's just going to be something they're going to argue at trial as an issue of fact and the court didn't dismiss it. I think those are two critical things that I'd like to tell your audience since we had the opportunity today. April Walker: Those are good. I appreciate you giving us information and I know our listeners will appreciate it. Again, sometimes it's not the most fun topic to talk about or to hear about, but important nonetheless. Stan Sterna: You're right. It's not fun, but it's fun when you avoid a bad situation because you remember something that either you read or maybe something Nicole and I said today, that makes it where you feel like it's well worth it. April Walker: Very good. Thank you so much, Nicole and Stan. The name of our podcast is Tax Section Odyssey, so I like to think about our journeying together, we're journeying together as an odyssey towards a better profession. Just for a little bit of fun, I like to hear from our guests on what their journeys outside of tax are. Just quickly give me if you have a travel, something planned maybe for the holidays or something coming up that you're excited about. Nicole Graham: Well, I'm very excited for the holiday season, but not for traveling, but I'm excited for traveling this winter for the ski season. I will be traveling up to Vermont to go skiing, I'll be traveling locally in Pennsylvania to go skiing, and I'm hoping to make it back out to these parts since we're in Denver to do a little skiing. Unfortunately, I can't tack on any days to this conference. But I'm very excited for the ski season. April Walker: Wonderful. What about you, Stan? Stan Sterna: Well, I'm almost hesitant to say this as a risk advisor, but I'm hoping to have a casualty-free holiday season. I ended up three stitches in my index finger at Thanksgiving carving the turkey, so I'm just going to watch someone else carve it and just eat and enjoy my holidays hopefully casualty-free. I love it. That sounds good. April Walker: Just enjoying without a trip to the urgent care or the emergency room. That's perfect. Thank you again so much. Again, this is April Walker from the AICPA Tax Section. This community is your go-to source for technical guidance and resources designed especially for CPA tax practitioners like you in mind. This is a podcast from AICPA & CIMA together as the Association of International Certified Professional Accountants. You can find us wherever you listen to your podcast and we encourage you to follow us so you don't miss an episode. If you already follow us, thank you so much and please feel free to share with a like-minded friend. You can also find us at aicpa-cima.com/tax and find our other episodes. One of which is an episode specifically about engagement letters with our CNA friends. You can find that and get access to other resources mentioned. Thank you so much and thank you for listening. Keep your finger on the pulse of the dynamic and evolving tax landscape with insights from tax thought leaders in the AICPA Tax Section. The Tax Section Odyssey podcast includes a digest of tax developments, trending issues and practice management tips that you need to be aware of to elevate your professional development and your firm practices. This resource is part of the robust tax resource library available from the AICPA Tax Section. The Tax Section is your go-to home base for staying up to date on the latest tax developments and providing the edge you need for upskilling your professional development. If you're not already a member, consider joining this prestigious community of your tax peers. You'll get free CPE, access to rich technical content such as our Annual Tax Compliance Kit, a weekly member newsletter and a digital subscrip

It's not even five weeks into 2025, and already there's a bevy of news affecting tax practitioners. Melanie Lauridsen, the AICPA's vice president–Tax Policy & Advocacy, joined the Journal of Accountancy podcast amid all the tumult to update listeners on several fronts. Lauridsen discussed the latest on beneficial ownership information (BOI) reporting and the Supreme Court, how IRS service might be affected by various executive orders, and what aspects of a new tax bill or bills are being followed closely by the AICPA. One bit of related news happened Thursday, one day after recording. The Senate Finance Committee released a discussion draft, the bipartisan Taxpayer Assistance and Service Act, which includes provisions the AICPA strongly supports. Resources: Melanie Lauridsen on LinkedIn The AICPA's BOI resource center JofA coverage of the IRS rescinding some job offers What you'll learn from this episode: A recap of court cases related to beneficial ownership information reporting requirements. The potential effects of an IRS hiring freeze on tax filing season. The role that retirements could play in future IRS service. Details of the AICPA's interest in proposed Circular 230 regulations. Why tax legislation this year could come in pieces instead of in one bill.

Our guest is Jason Nye, CIMA's Senior Manager in Operations for the UK. Together we take a look at the UK market for Finance & Accounting and provide useful insights for anyone considering this sector as a career.   Jason talks about his background, the market for jobs in the UK, what careers are open to CIMA students, where people can find roles, and how to start studying CIMA. We also discuss what types of companies have CIMA opportunities and how are they structured. Finally we share some employability tips.  Find out more on the UK market at https://www.tiktok.com/@cimaearlycareersuk and https://www.instagram.com/cimaearlycareersuk/           ABOUT US. The CGMA Finance Leadership Programme (FLP) is the online pathway to the prestigious Chartered Institute of Management Accountants' Professional Qualification. Find out more about the FLP at https://enroll.cgma.org/ CONNECT. Get in touch with show host Kevin Gormley via LinkedIn. Connect with Jason Nye at  https://www.linkedin.com/in/cimajason/ Your feedback and comments welcomed at podcast@aicpa-cima.com This is a podcast from AICPA & CIMA, together as the Association of International Certified Professional Accountants. To enjoy more conversations from our global community of accounting and finance professionals, explore our network of free shows here.

Jennifer Ripka, CPA, Partner at Weaver, and Jackie Gonzales, CPA, Partner at Weaver, discuss single audits and the challenges many government entities face with the influx of federal financial assistance over the last two years. Adam Jones, Stage Government Practice Leader at Weaver, points out, “There's never been a year quite like the last couple of years in government assurance. We've seen a deluge of federal funds that don't stop, and it's put a lot of government and nonprofit agencies in a category they haven't been in before - a single audit.”The Single Audit Act was passed in 1984. It's essentially a mini audit of federal financial assistance. The audit is triggered by spending $750,000 or more on federal awards in a single year. The Journal of Accountancy reports, “More than 30,000 entities — primarily state, local, and tribal governments — have received funding as part of Treasury's $350 billion Coronavirus State and Local Fiscal Recovery Funds (CSLFRF) program. Recipients that spend $750,000 or more in such aid in a given year are normally subject to a single audit. However, many CSLFRF funding recipients are very small local governments that may previously have had little to no experience with single audits.”Ripka advises that identifying grants and federal funding is key to understanding if they have to adhere to single-audit rules. Some federal funds are exempt. “That identification piece is really, really important,” Ripka urges. It can be challenging to understand the agreements, and Gonzales encourages clients to reach out with questions. “That's what we're here for. We could talk about single audits for days,” says Gonzales.Finally, accepting funding from grants also means that the entity must execute clear communication and transparency within its agency. Ripka warns that without it, entities could end up in “a situation where you are spending funds that finance doesn't know about, and revenue recognition isn't lining up.”For the longevity of the entity, funding needs to be optimized between what's allowable and the entity's needs. This requires strategy and understanding of where the funds can be spent. Weaver can help ensure you remain in good standing with single audit rules wherever you find your entity this year. Visit weaver.com for more information.

In deze aflevering van Vitamine A gaan we in gesprek met Liesbeth Holterman, strategisch adviseur bij Cyberveilig Nederland. Cyberveiligheid is een onderwerp dat vaak niet de aandacht krijgt die het verdient, terwijl de dreiging altijd op de loer ligt. Samen met Liesbeth bespreken we hoe het gesteld is met de cyberveiligheid van Nederlandse bedrijven in 2024 en welke specifieke dreigingen accountants en hun kantoren kunnen treffen.We onderzoeken de belangrijkste fundamenten van een goede cyberveiligheidsstrategie en staan stil bij de impact van de nieuwe wetgeving, NIS2, op de accountancysector. Daarnaast bespreken we hoe accountants actief kunnen bijdragen aan de digitale weerbaarheid van hun cliënten en hoe ze de balans kunnen vinden tussen het beschermen van privacy en het voldoen aan wettelijke transparantie-eisen.Een belangrijk inzicht uit deze aflevering is dat cyberveiligheid niet langer een technisch IT-vraagstuk is, maar een strategisch onderwerp dat alle lagen van een organisatie raakt. Bewustwording is hierin de eerste stap, zowel bij organisaties als bij werknemers. Tegelijkertijd worden veel organisaties gehinderd door hardnekkige misvattingen over cyberveiligheid, wat hun weerbaarheid onder druk zet.Link naar Cyberveiligheid NederlandLees op accountant.nl 'Kans op hack is vandaag de dag groter dan brand'

What's the future of fully in-office work? What's the hiring outlook for finance and accounting roles in 2025? Steve Saah, the executive director of the finance and accounting permanent placement practice at Robert Half, tackles those and other questions in this episode of the Journal of Accountancy podcast, recorded in December in San Diego. Saah discusses how companies have to walk a fine line when it comes to requiring in-office minimum hours or days – and how that tightrope can affect the pay they offer new employees. The episode is the first of 2025 and the second from the Future of Finance Summit. In the first summit-focused episode, four CPA leaders looked back on what they learned and ahead to their expectations for 2025. What you'll learn from this episode: ·         Saah's assessment of the future of fully in-office work. ·         The tie-in between required time in an office and recruiting new hires. ·         How the amount of time agreed upon to spend in the office could affect a new hire's pay. ·         Is the annual employee review a thing of the past? ·         The hiring outlook for finance and accounting professionals and the in-demand skills for those roles.

The value that trusted accountants bring to businesses and nonprofits of all sizes cannot be overstated. Changes to federal and state filing rules, new tax regulations, and any flux in the economy see many business leaders turning to their accountants for guidance. We talk with Kathy Wileczek, shareholder with Umbreit, Wileczek & Associates, to learn about how she leads a small, highly-respected accountancy firm based in Kennett Square, Pennsylvania. We explore the challenges Kathy faces and the joy she experiences in running her firm, including balancing business management, client work, and other life priorities.LINKSUmbreit, Wileczek & AssociatesUmbreit, Wileczek & Associates: uwacpa.comUmbreit, Wileczek & Associates on Facebook: facebook.com/uwacpaKathy Wileczek on LinkedIn: linkedin.com/in/kathleenwileczekChambers of CommerceSouthern Chester County Chamber of CommerceGreater West Chester Chamber of CommerceAdditional LinksCamp DreamcatcherTranscriptThe full transcript will be posted as soon as it is available.

Adam was born in 1973 and grew up in a modest home in Sandy Utah. He is the second child of 5 children and the first son. He grew up playing baseball until high school when he switched over to playing golf.  He attended Alta High School in Sandy and then BYU where he received his BA, Masters of Accountancy and Law degree combining all three programs in order to graduate in 7 years. After his first year at BYU he served a two year mission for the Church of Jesus Christ of Latter Day Saints in Seoul Korea.  Adam met his wife Tracy while serving in the same mission and married around a year after returning home. They have 3 girls and twin boys. He had his first daughter his first year in law school and his second his last year of law school. He graduated second in his class. They moved to San Diego where he started his career at Latham and Watkins. He worked in Big Law for 12 years doing real estate private equity. He and his family moved back to Salt Lake in 2012 when Adam joined Bridge Investment Group, an alternative investment management firm with headquarters in Sandy. In Episode 115 of the Mi Duole podcast, hosts Stuart and Andy Compas interview Adam O'Farrell. Adam, a seasoned cyclist, shares his journey from a demanding career in big law to becoming an avid cyclist post-retirement. He discusses his participation in various races, including the Breck Epic, Swiss Epic, and Cape Epic, and his experiences with nutrition and recovery. Adam emphasizes the importance of mental and physical recovery, the camaraderie within the cycling community, and the joy of riding with his family. He also highlights his favorite gear, such as a 10-battery charger, and his mantra for endurance: "pain is temporary."

AI is the new social media—exciting, risky, and in need of guardrails. In this episode, we explore what makes a good AI policy and how to navigate the powerful tools reshaping our world. From confidentiality to data reliability, we cover key considerations for using AI responsibly.Joining the conversation is digital strategist Maddie Grant from Propel. She shares insights on crafting effective AI policies, testing their strength, and understanding where we stand in this fast-moving AI era. Tune in for essential guidance on shaping AI policies that protect and empower your organization.ResourcesMaddie Grant, Culture Designer & Digital Strategist at PropelJourney of Accountancy article, "Generative AI and risks to CPA firms" by Sarah Beckett Ference, CPA

Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald, interviewed Paul Rainey. He serves as Executive Vice President of Operations and Finance for Penske Media Corporation (PMC). In this role, he works across PMC's portfolio of award-winning brands, including Rolling Stone, Billboard, Variety, The Hollywood Reporter, Vibe, Robb Report, SHE Media, Dick Clark Productions, Luminate, Sportico, and SXSW. Rainey oversees all operations and financial decision-making affecting the various operating companies that report to him. He provides strategic financial input companywide, including developing and implementing operational and financial procedures to improve and maintain the economic health of PMC and its leading media brands. He also guides acquisitions and investments.  Paul also serves on several boards.  He is the Audit Committee Chair of Redaptive, Inc. board of directors and a SXSW director.  An accomplished senior executive with 25 years of financial leadership experience across multiple verticals with extensive international experience in billion-dollar operations spanning five continents.   Rainey holds a Master of Science in Accountancy and a BBA in Finance and Computer Applications from the University of Notre Dame.   *Company DescriptionPenske Media Corporation (PMC) is a leading global media and information services company whose award-winning content attracts a passionate monthly audience of more than 350 million. Since 2004, PMC has been a pioneer in digital media and live events, reaching viewers on all screens across its ever-growing constellation of iconic brands, which includes Variety, Rolling Stone, The Hollywood Reporter, Billboard, Dick Clark Productions, WWD, SHE Media, Robb Report, Deadline, Sportico, BGR, ARTnews, Fairchild Media, Vibe, IndieWire, Artforum, Gold Derby and Luminate, the premier data and analytics company. PMC's journalists and content creators deliver daily the most comprehensive news and information in their industries and areas of coverage, unequaled in ambition, depth, and courage. In addition, PMC owns several of the most iconic and vital cultural events such as the Golden Globes, Country Music Awards (ACMs), Billboard Music Awards (BBMAs), New Year's Rockin Eve, SXSW, American Music Awards (AMAs), LA3C, Life is Beautiful, Latin Music Week, and ATX Television Festival. Penske Media is headquartered in New York and Los Angeles with additional offices in 14 countries worldwide, for more information, please visit www.PMC.com I have worked for some of the largest companies in the world (General Electric for 15+ years across 5 continents) and have been a board advisor to startups with a few employees that have gone on to obtain Fortune 100 companies as clients.  I have seen many paths and time horizons to financial stability and can share what I have observed in a few areas specifically in a time where people are struggling with remote work to return to offices turning the "work/life" balance and or priorities upside down. While they are also trying build wealth to gain financial security while they pursue professional careers: Talking Points1) Work life balance - How to navigate in today's environment2) Wealth building - What is reasonable time horizon (overnight?), How to think about generating passive income, keys to investing #BEST #STRAW #SHMSSupport the show: https://www.steveharveyfm.com/See omnystudio.com/listener for privacy information.

Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald, interviewed Paul Rainey. He serves as Executive Vice President of Operations and Finance for Penske Media Corporation (PMC). In this role, he works across PMC's portfolio of award-winning brands, including Rolling Stone, Billboard, Variety, The Hollywood Reporter, Vibe, Robb Report, SHE Media, Dick Clark Productions, Luminate, Sportico, and SXSW. Rainey oversees all operations and financial decision-making affecting the various operating companies that report to him. He provides strategic financial input companywide, including developing and implementing operational and financial procedures to improve and maintain the economic health of PMC and its leading media brands. He also guides acquisitions and investments.  Paul also serves on several boards.  He is the Audit Committee Chair of Redaptive, Inc. board of directors and a SXSW director.  An accomplished senior executive with 25 years of financial leadership experience across multiple verticals with extensive international experience in billion-dollar operations spanning five continents.   Rainey holds a Master of Science in Accountancy and a BBA in Finance and Computer Applications from the University of Notre Dame.   *Company DescriptionPenske Media Corporation (PMC) is a leading global media and information services company whose award-winning content attracts a passionate monthly audience of more than 350 million. Since 2004, PMC has been a pioneer in digital media and live events, reaching viewers on all screens across its ever-growing constellation of iconic brands, which includes Variety, Rolling Stone, The Hollywood Reporter, Billboard, Dick Clark Productions, WWD, SHE Media, Robb Report, Deadline, Sportico, BGR, ARTnews, Fairchild Media, Vibe, IndieWire, Artforum, Gold Derby and Luminate, the premier data and analytics company. PMC's journalists and content creators deliver daily the most comprehensive news and information in their industries and areas of coverage, unequaled in ambition, depth, and courage. In addition, PMC owns several of the most iconic and vital cultural events such as the Golden Globes, Country Music Awards (ACMs), Billboard Music Awards (BBMAs), New Year's Rockin Eve, SXSW, American Music Awards (AMAs), LA3C, Life is Beautiful, Latin Music Week, and ATX Television Festival. Penske Media is headquartered in New York and Los Angeles with additional offices in 14 countries worldwide, for more information, please visit www.PMC.com I have worked for some of the largest companies in the world (General Electric for 15+ years across 5 continents) and have been a board advisor to startups with a few employees that have gone on to obtain Fortune 100 companies as clients.  I have seen many paths and time horizons to financial stability and can share what I have observed in a few areas specifically in a time where people are struggling with remote work to return to offices turning the "work/life" balance and or priorities upside down. While they are also trying build wealth to gain financial security while they pursue professional careers: Talking Points1) Work life balance - How to navigate in today's environment2) Wealth building - What is reasonable time horizon (overnight?), How to think about generating passive income, keys to investing #BEST #STRAW #SHMSSee omnystudio.com/listener for privacy information.