An AICPA framework enables CPAs with cybersecurity expertise to perform new services for clients. By Russ Banham As trusted business advisers, CPAs find ways to help their clients achieve their business objectives. Now, under the AICPA’s recently issued cybersecurity reporting framework, CPAs have an opportunity to expand the services they offer to help clients manage… Read More Cybersecurity: A new engagement opportunity
Data gathering and accounting’s role in it continues to change. A thought leader explores the opportunities. By Aubrey Joachim, FCMA, CGMA Artificial intelligence (AI) and robotisation will affect many elements of the human endeavour. That includes the way humans interact, how work is done, and what work need not be done by humans. These advancements… Read More Big data, analytics, AI, and the finance professional
By Alan S. Abel, CPA/CFF, and Ian A. MacKay, CPA, CGMA The vigilance of CPAs plays an important part in an international effort to deter financial crime. Earlier this year, reports on the voluminous document leak known as the Panama Papers provided a jarring reminder of the massive global problem that money laundering poses in… Read More Money laundering: Combating a global threat
By Ken Tysaic Some leaders say staff members aren’t ready for important tasks. As members of the Baby Boomer generation age, CPA firms are struggling to find ways to replace soon-to-retire partners, a new AICPA Private Companies Practice Section (PCPS) survey reveals. The percentage of multiowner firms with succession plans has decreased. Despite the aging… Read More CPA firms struggling with succession
By Norbert Tschakert, CPA/CFF/CITP, Ph.D.; Julia Kokina, CPA, Ph.D.; Stephen Kozlowski, CPA, CGMA, Ph.D.; and Miklos Vasarhelyi, Ph.D. Why CPAs and organizations need to learn to use advanced technology to predict and achieve outcomes. As technology continues to evolve, it promotes changes to business models and surprises those who are unprepared. Businesses change their strategies… Read More The next frontier in data analytics
By Neil Amato Companies that share information with employees find that transparency makes everyone more visionary. On the surface, Tasty Catering is similar to many of its competitors in the Chicago area: It offers a wide variety of salads, sandwiches, and snacks for weddings and corporate events.