June 11, 2013
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BY
Jeff Drew
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Article
Succession planning and staffing joined new client acquisition and dealing with the complexities of rapidly changing tax regulations as the top issues facing U.S. accounting firms, according to an AICPA survey released Tuesday. The 2013 Private Companies Practice Section (PCPS) CPA Firm Top Issues survey found evidence that CPA firms are moving out of survival mode and into a mindset focused on growth.
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June 1, 2013
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BY
Sarah Beckett Ference, CPA
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Article
The independence of CPAs is the hallmark of the profession. As such, accountants put forth significant focus and effort to comply with independence requirements related to everything from investments to business and employment relationships to services delivered to clients. But being what accountants call independent in “fact” isn’t enough.
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June 1, 2013
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BY
David Kuhlman
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Article
Most CPAs promoted to leadership positions get there because of their technical skills and professional prowess. In many cases, however, the same CPAs have not been prepared to act as leaders. The following steps show what employers can do to cultivate leadership skills. Emphasize business acumen, curiosity, and strategic sensibility early in CPAs’ careers and when making promotions.
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June 1, 2013
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Article
James Quigley, CPA, was CEO of Deloitte Touche Tohmatsu Ltd. from 2007 to 2011. He retired from Deloitte LLP in June 2012, after 38 years with Deloitte. He serves as a trustee of the IFRS Foundation and is co-author of the 2011 book As One: Individual Action, Collective Power, which addresses the leadership challenge of creating environments that inspire large groups to work together toward a common goal.
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June 1, 2013
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Article
Richard Oliver, CPA, CGMA, is the president of familyowned THORLO Inc. in Statesville, N.C. He got his start in accounting with a fiber-optics company in Hickory, N.C., then went to work as an auditor for Deloitte. He returned to the fiber-optics field after three years, before he was recruited to THORLO in 1992.
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June 1, 2013
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Article
Allan Koltin, CPA, is CEO of Koltin Consulting Group, a Chicago-based consultancy that works with financial and professional services firms in the areas of practice management, mergers and acquisitions, executive search, and practice growth. Recognized as among the most influential thought leaders in the accounting profession, Koltin frequently is quoted by publications including The Wall Street Journal, The New York Times, The Washington Post, USA Today, The Los Angeles Times, and Forbes; news services including Bloomberg News, Reuters, and the BBC World Service; and TV networks including CNN and Fox.
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June 1, 2013
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Article
Jennifer Wilson is a partner and cofounder of ConvergenceCoaching LLC, a nationally recognized leadership and marketing firm that provides coaching and consulting services to leaders. She is an experienced change agent who has worked in both the public accounting and business sectors and is a frequent speaker, writer, and blogger on leadership and communication within the CPA profession.
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May 21, 2013
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BY
Ken Tysiac
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Article
Even as members of the recently created National Commission on Diversity & Inclusion work to improve opportunities for under-represented minorities in the CPA profession, they are reminded of just how much work needs to be done. During a panel discussion of commission members held Monday at the AICPA Council meeting, Ed Ramos, CPA, described being contacted recently by a woman representing a not-for-profit organization trying to hire a CPA firm.
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May 1, 2013
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BY
Stanley Sterna, Esq.
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Article
Early in the 20th century, audits of company financial statements served merely as verification for management that a company was productive and efficient. After the 1929 stock market crash, the role of the auditor evolved. The Securities Act of 1933 and the Securities Exchange Act of 1934 established requirements for SEC member companies to produce audited financial statements to provide assurance to investors as to the accuracy of those financial statements.
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May 1, 2013
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BY
Jennifer Wilson
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Article
Millions of Baby Boomers will leave their jobs in the next 10 to 12 years. This exodus of talent will place extraordinary pressure on every U.S. organization’s talent recruitment and retention efforts. Consider these strategies to help your organization compete in an unprecedented people cycle: Ensure your HR leadership is top notch and empowered.
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