Accounting June 28, 2025
Nominations Open for 2025 Innovation Awards
The Innovation Awards highlight technologies that are shaping the profession and small businesses through increased collaboration and productivity.
May 22, 2018
May 2018 Accounting & Audit Channel
5 Blockchain Tips for Accounting Firms By Isaac M. O’Bannon, Managing Editor There has been a lot of talk about how blockchain technology will disrupt the role of accounting as we know it today. In truth, disruption has already been happening through automated accounting software and other applications that help accounting firms process data faster,...…
May 21, 2018
Lengthy Tenures Boost Big 4 Profits, But What is Effect on Auditor Independence?
A scholarly paper in the June issue of Accounting Horizons, a journal of the American Accounting Association, notes that opposition to term limits for external auditors has been “the subject of active lobbying by the ... Big 4 accounting firms."
May 21, 2018
New LeaseCrunch System Helps Firms with Lease Accounting
LeaseCrunch is essentially an ‘audit in a box’ for lease accounting, reducing the time it takes clients to prepare for an audit and reduces the time it takes CPA firms to perform the audit.
May 18, 2018
BKD Releases Audit Quality Report
BKD CPAs & Advisors has released its first audit quality report. The 22-page document, “The Importance of Quality: Our Commitment to Integrity & Excellence,” highlights BKD’s policies and practices and shows how the firm’s culture plays an important ...
May 18, 2018
2018 Review of WASP Asset Cloud
WASP Barcode Technologies AssetCloud 866-547-9277 www.waspbarcode.com From the 2018 reviews of Fixed Asset Management systems. AssetCloud from WASP is a scalable fixed asset management application that is best suited for business operations of any size that have a significant number of assets that need to be managed. AssetCloud is available as an online application, with...…
May 16, 2018
AICPA Recommends Maximum Flexibility for Centralized Partnership Audit Regime Regs
The proposed IRS regulations, issued on February 2, 2018, provide rules addressing how and when partnerships and their partners adjust tax attributes to reflect audit adjustments under Internal Revenue Code (IRC) section 6225 of the Centralized ...
May 15, 2018
Withum Team Presents Inaugural AICPA SOC for Cybersecurity Certification
When the AICPA hosted its flagship System and Organization Controls (SOC) for Cybersecurity Certification course this past week, members of WithumSmith+Brown, PC’s SOC for Cybersecurity Services Group served as lead instructors for the curriculum.
May 15, 2018
Massachusetts Society of CPAs Names New Board of Directors
The board members were formally welcomed at the MSCPA's Annual Meeting and Recognition Reception on May 3.
May 15, 2018
Only 10% of Companies Automatically Validate Supplier Tax Info
Failure to have AP tax measures in place can result in non-compliance with IRS Chapter 3 regulations and avoid tax penalties.
May 14, 2018
SoCal Accounting Firm Haskell & White Shares Tech and Policy Changes with Nonprofits
While much ground was covered in the three-hour program, most of the interest centered around changes to nonprofit financial statements, which have been overhauled for the first time in a quarter-century. Within this topic, different strategies for ...
May 10, 2018
Robotic Automation Eases Fixed Asset Management
Robotic Process Automation and APIs are both excellent tools for bringing automation to the tax function. Yet the subtle differences as to how they function may determine whether or not true automation is achieved. RPAs are not hands-free automation...
May 8, 2018
Accounting Firm Leaders Strategize on Blockchain and the Profession
More than 60 leaders from innovative CPA firms, technology companies, consulting firms and influencer groups came together last week to map out strategy for the advancement of blockchain technology within the accounting profession.