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1. 2014 MAP survey: Firms experience growth, stock up on cash   WebExclusive

BY Jeff Drew
U.S. accounting firms are storing up equity as they prepare for a number of financial challenges over the next few years. That’s one of the findings of the 2014 National Management of an Accounting Practice (MAP) Survey, released Monday by the AICPA Private Companies Practice Section (PCPS) and the Texas Society of CPAs (TSCPA).Nearly 1,750 firms participated in the 2014 edition of the biennial survey, which is the largest benchmarking study of U.S.

2. How to deliver successful diversity and inclusion results and benchmark your progress   WebExclusive

BY Ken Tysiac
As leaders in the accounting profession come to understand the business case for diversity and inclusion, they often have a similar quandary. “The next natural question is, ‘So what do I do about it?’ ” said Kenneth Bouyer, CPA, chairman of the AICPA National Commission on Diversity & Inclusion and EY Americas director of Inclusiveness Recruiting.

3. How to deliver successful diversity and inclusion results and benchmark your progress   WebExclusive

BY Ken Tysiac
As leaders in the accounting profession come to understand the business case for diversity and inclusion, they often have a similar quandary. “The next natural question is, ‘So what do I do about it?’ ” said Kenneth Bouyer, CPA, chairman of the AICPA National Commission on Diversity & Inclusion and EY Americas director of Inclusiveness Recruiting.

4. A pipeline for diversity  

BY Frank K. Ross, CPA, Jean T. Wells, CPA, J.D. and and Allyson T. Clarke, CPA
Despite decades of intensive efforts, the accounting profession has not reached its diversity goals. African-Americans and Hispanics made up 13.1% and 16.9%, respectively, of the U.S. population in 2012, according to U.S. Census data, but secured just 4% and 6% of the new hires in 2011–12 at CPA firms, AICPA data show.Misperception about accounting as a career is one reason for the disparity.

5. Honing your hiring  

BY Doug Blizzard
It takes some detective work to hire the right new employee. Management needs to piece together clues about the applicant’s personality and work history. It takes time to determine whether a candidate has the character and credentials to fit the company’s needs. Here are a few steps to help you land the right candidates.

6. How to land an overseas assignment  

BY Sabine Vollmer
Securing an overseas assignment may look like a daunting challenge to a U.S. CPA who isn’t working for a Big Four accounting firm with offices worldwide, but it can be done.The JofA sought tips from three experts on how U.S. CPAs can gain international experience. Senior editor Sabine Vollmer talked to Paul McDonald; Pamela Parker-White, CPA, CGMA; and Jason Ramey, CPA.The PanelistsPaul McDonald is senior executive director at Robert Half, a staffing firm that specializes in placing accountants and finance professionals worldwide.Pamela Parker-White, division controller and business manager for Babcock & Wilcox’s small modular reactor program with

7. The long goodbye   CPEDirect

BY Joel Sinkin and Terrence Putney, CPA
The best time for an accounting firm to start work on a succession plan is the day the firm is formed. Of course, most firms don’t do that. The question in many cases has become: “How quickly can I put together a succession plan and head into retirement?” The answer depends on a number of factors.

8. Cultivating leadership  

BY David Kuhlman
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.

9. Time to recruit talent  

BY Jennifer Wilson
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.

10. Succession planning: The challenge of what's next  

BY Neil Amato
CPA firm owners say succession planning is important, and a growing number of firms have formal plans in place. Still, many firms and sole proprietors have a great deal of succession planning work ahead of them. Among the challenging statistics that emerged from a recent AICPA survey on the topic: Slightly more than half of multiowner firms don’t have a signed, documented succession plan in place.
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