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Journal of Accountancy Podcast

English, Finance, 1 season, 381 episodes, 4 days, 20 hours, 28 minutes
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The Journal of Accountancy podcast discusses the key issues facing the accounting profession.
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Why the SEC climate rule deserves CPAs’ attention

Ami Beers, CPA, CGMA, senior director–Assurance & Advisory Innovation for AICPA & CIMA, joins the JofA podcast for this episode to guide CPAs on how to approach the new SEC rule on climate-related disclosures. The SEC adopted the rule March 6. But, about a month later, it put a stay on the rule’s implementation, in response to multiple legal challenges to the rule. Some argued that the SEC overstepped its authority, and others said the SEC didn’t do enough. Either way, it’s likely the rule will affect corporate reporting going forward, despite the lack of clarity now. Beers explains that and more, underscoring the importance of not waiting to understand the rule. Resources n  May 23 webinar mentioned by Beers n  AICPA and Center for Audit Quality summary document n  JofA March 6 article on rule adoption n  JofA March 14 need-to-know summary  What you’ll learn from this episode: ·         Ami Beers’ rundown of the recent timeline of sustainability reporting and the SEC’s adoption of its rule on climate-related disclosures. ·         What the data, in multiple surveys from the AICPA and the International Federation of Accountants, shows about companies’ reporting on climate information. ·         What’s next regarding the legal challenges affecting the rule. ·         Why Beers said “there’s a lot to unpack” regarding the rule. ·         Why, despite legal hurdles, Beers believes the rule should remain on CPAs’ radar. ·         The importance of legislation in the European Union and California on climate-related reporting.
5/16/202415 minutes, 38 seconds
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After April 15: Top-of-mind tax advocacy topics, including the ERC

Tax filing season can be a marathon, or it can be a sprint to the finish. Either way, the collective sigh of relief is real. Melanie Lauridsen, vice president–Tax Policy & Advocacy for the AICPA, reflected on the last filing season and addressed advocacy items to watch in this episode of the Journal of Accountancy podcast. Lauridsen, in her third tax advocacy update of 2024, discussed the latest on employee retention credit (ERC) claims, including an eye-popping cost estimate. She also shared advocacy updates and looked ahead to the rest of 2024. In her previous podcast update, Lauridsen focused on clearing up confusion related to beneficial ownership information reporting. What you’ll learn from this episode:  ·         The comparison of tax season to a two-hour marathon. ·         Why this was the first tax season in many years with “a smooth runway” for filing. ·         Lauridsen’s reaction to the comment by IRS Commissioner Danny Werfel about receiving 20,000 ERC claims per week. ·         Advocacy topics of note for this year and beyond. ·         Lauridsen’s analysis of a tax bill now in the Senate. ·         Why it is nearly guaranteed that tax changes are coming, even if the current bill never makes it out of committee.
5/9/202412 minutes, 40 seconds
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How AI can drive a proactive approach to corporate finance

Roger Kenyanya, vice president of finance at home improvement store Lowe’s, took part in the inaugural AICPA and CPA.com AI Symposium about three months ago in New York. Why did he refer to the event as a “humbling, full-circle moment” in a LinkedIn post? Find out on this episode of the JofA podcast. Kenyanya, a member of the Future of Finance Leadership Advisory Group, shares how both the finance function and overall business are harnessing the power of AI. He also details his career journey and notes how the skill sets of next-generation finance employees will change. What you’ll learn from this episode: ·         The “significant milestone” in Kenyanya’s career — in his junior year of college. ·         Kenyanya’s path to his current role as a finance leader at Lowe’s. ·         His takeaways from a January symposium about AI. ·         Some of the ways AI is being harnessed at Lowe’s. ·         How the skill set for tomorrow’s finance employees is changing and the three-pronged focus of that shift for Kenyanya and Lowe’s. ·         The peer “platform to collaborate” that Kenyanya said is valuable.
5/2/202418 minutes, 55 seconds
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How accountants can appropriately rely on AI

Danielle Supkis Cheek, CPA, vice president and head of Analytics & AI for Caseware, had an interesting way to continue her exploration of the ethics of using AI tools in accounting: She asked ChatGPT to give her an answer. The response helped in her assessment of such tools. She shared more about that result — and answered our questions — in this episode of the JofA podcast.  What you’ll learn from this episode: ·         What a well-known generative AI tool had to say about the risks of using large language models in accounting. ·         The surprising thing an early version of ChatGPT said about Supkis Cheek. ·         The top-of-mind AI ethics concerns for the accounting profession. ·         How the development of smaller-scale language models, with accounting specifics, can improve confidence in large language models. ·         An explanation of the MAYA principle as it relates to AI. ·         Thoughts on taking a “measured approach” when it comes to AI auditing.
4/25/202419 minutes
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‘Go before you’re ready’: Advice for leaders in all walks of life

To Jen Croneberger, it’s easy for many in society to spend a lot of time planning to do big things but not always carrying out those plans. Taking an “if/then response approach” to life prevents accomplishing big goals, and so Croneberger advises people to take big leaps, even if they’re uncertain about having a safety net. That’s one of several leadership concepts discussed on this JofA podcast episode. Croneberger, an author and consultant, is the keynote speaker June 17 at the AICPA & CIMA Not-for-Profit Industry Conference. In this conversation, she previews that session, explains the words behind the acronym BRAVE, and shares the importance of human-focused leadership in an AI-driven world. Croneberger also responds to the topic of a JofA episode from April 2022 about how belief differs from arrogance. What you’ll learn from this episode: ·         A preview of Croneberger’s keynote session at the AICPA & CIMA Not-for-Profit Industry Conference in June. ·         Why leadership is “a behavior, not a title.” ·         Some of the ways she applies a sports background to her role as a consultant. ·         Why Croneberger likes the leadership advice “Go before you’re ready.” ·         How we can use digital devices to improve self-care. ·         The importance, in Croneberger’s mind, of speaking openly about topics such as depression.
4/18/202425 minutes, 52 seconds
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Comfort in the uncomfortable: One-on-one meeting strategies that work

In the first part of a two-part podcast discussion, Hamza Khan detailed how he was affected by a severe case of burnout about 10 years ago. In this episode, Khan, an author and keynote speaker, shares more about his battle with burnout today. Khan explained some of the reasons burnout can affect women in particular and shared some of the knowledge gleaned from attending two AICPA & CIMA Women’s Global Leadership Summits. He also discussed why having relatively few one-on-one meetings with his boss became a bad thing — and how leaders can make those meetings better. What you’ll learn from this episode: ·         Why Khan wanted to emulate Jay-Z. ·         The CASTLE acronym and it’s tie-in to burnout. ·         Why Khan took one-on-one meetings for granted earlier in his career. ·         The tough questions managers should ask employees in one-on-one meetings. ·         Why the technological disruption in business today is “a time of danger but also a time of opportunity.”  
4/11/202413 minutes, 53 seconds
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Working 9 to 9: One expert’s experience with severe burnout

Hamza Khan believes the four-day workweek to be “an inevitability.” It is the sort of workplace trend that could help to diminish burnout, which is the main topic of this JofA podcast episode with Khan, an author and entrepreneur. This episode is the first of a two-part conversation with Khan, who has given keynote presentations at several AICPA & CIMA events, including the Global Women’s Leadership Summit and the CFO Conference. Khan spoke last year on the JofA podcast about the difference between managing and leading, and he’ll talk on the next episode about how strong leadership should include meaningful one-on-one meetings.
4/4/202417 minutes, 24 seconds
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How to best tackle technology and the talent pipeline

Tom Hood, CPA/CITP, CGMA, executive vice president–Business Growth and Engagement at AICPA & CIMA, together as the Association of International Certified Professional Accountants, has his finger on the pulse of the profession. He’s traveled all over, talking to everyone from corporate CFOs to newly minted accountants and accounting apprentices, and he’s sharing some of the insights gained from those discussions on this episode of the JofA podcast. Hood, who has been in his current role for three years after a long stint as CEO of the Maryland Association of CPAs, takes time to reflect on his move to the “global stage,” to explain the issues that most concern finance leaders, and to detail an early apprenticeship success story. What you’ll learn from this episode: ·         Hood’s reflection on three years in an AICPA & CIMA executive role. ·         The “pre-Internet” computer technology Hood’s company used when he was a CFO. ·         One example of how the power of peers has built the Future of Finance Leadership Advisory Group. ·         Why the story one bank’s apprentice provides hope in addressing the accounting talent pipeline drought. ·         The top-of-mind issues for finance leaders for this year and into 2025.
3/28/202416 minutes, 37 seconds
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The reasons economic sentiment about the coming year is on the rise

Ken Witt, CPA, CGMA, AICPA & CIMA associate director–Management Accounting Research and Development, explains in this JofA podcast episode why finance decision-makers in the first-quarter Business & Industry Economic Outlook Survey are more optimistic now compared with the end of 2023. Witt summarizes the survey results, including CPA decision-makers’ expectations for revenue and profit increases and the top challenges facing them and their businesses. What you’ll learn from this episode: ·         A breakdown of sentiment about the domestic economy and CPA decision-makers’ own organizations. ·         Projected increases in revenue and profits for the coming 12 months. ·         The top challenges facing finance executives. ·         The hiring outlook for the coming year and how it differs by company size.
3/21/202410 minutes, 49 seconds
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The CFO agenda: Hybrid work, cybersecurity, career development and more

The AICPA & CIMA CFO Conference begins April 24 in Charleston, S.C. Sandy Sloyer, CPA, CGMA, and Misty Geer, CPA, CGMA are long-time members of the conference planning committee, and they joined the JofA podcast to discuss how priorities have changes for finance leaders over the past few years — and how the conference agenda has been adapted as a result. Here’s a link to the list of conference sessions. What you’ll learn from this episode: ·         Attendance options for the April conference. ·         How the conference planning committee adapted to the pandemic era. ·         Key issues facing CFOs and the finance function these days. ·         Agenda highlights, along with some of Geer’s favorite speakers from previous years. ·         Sloyer’s feeling every year when the conference ends. ·         Why the event is for current CFOs and aspiring ones.
3/15/202414 minutes, 21 seconds
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Clearing up BOI confusion and other tax advocacy updates

Melanie Lauridsen, vice president–Tax Policy & Advocacy for the AICPA, returns as a guest on the JofA podcast to update listeners on the focus areas of tax advocacy.   Her team is paying close attention to employee retention credit claims, beneficial ownership information (BOI) reporting requirements, and IRS contingency plans in the event of a government shutdown.   Resources: January advocacy conversation with Lauridsen on the JofA podcast JofA coverage of the federal court opinion holding the Corporate Transparency Act unconstitutional and the appeal of that court decision Tax Section landing page, with extensive resource library on topics mentioned, including resources specific to the employee retention credit What you’ll learn from this episode: ·         Recent developments related to BOI reporting – who has to file reports and who doesn’t. ·         Why BOI reporting often falls to tax practitioners. ·         The differences between BOI requirements and the customer due diligence rule. ·         Why March 22 is important as it relates to government funding. ·         Lauridsen’s analysis of a tax bill now with a congressional committee.
3/14/202414 minutes, 47 seconds
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Why are there fewer accountants? What the research says

The factors contributing to a decline in the accounting talent pool are many, and so are the strategies to address the issue.  In this podcast episode, Sue Coffey, CPA, CGMA, AICPA & CIMA’s CEO–Public Accounting, explains what early research has shown about why students are showing less interest in accounting. She also details the steps that multiple entities, including the National Pipeline Advisory Group (NPAG), are taking to grow the pipeline. In the interview, Coffey discusses CPA licensure, the 150-hour educational requirement, CPA practice mobility, and other issues important to her and the profession. Resources NPAG survey page: https://www.accountingpipeline.org/survey/ AICPA & CIMA business model transformation tools JofA content: n  Podcast episode with NPAG Chair Lexy Kessler, CPA, CGMA n  Podcast episode with NPAG independent facilitator Jennifer Wilson n  Podcast episode about including accounting in STEM curriculum with Jan Taylor, CPA, CGMA, and Lauren Pfingstag-Vahey n  Article on the formation of NPAG What you’ll learn from this episode: ·         The main goals of the National Pipeline Advisory Group (NPAG). ·         Why the recently released NPAG survey is aimed at current professionals and students. ·         What NPAG research is showing about the reasons for a decline in CPA candidates. ·         Coffey’s response on whether the AICPA is being stubborn about the 150-hour education requirement for CPA licensure. ·         The importance of audit transformation in Coffey’s mind. ·         Some of the regulatory agencies she speaks to as part of advocacy efforts.
3/7/202421 minutes, 28 seconds
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Bubble trouble: How leaders can identify and escape their biases

Wassia Kamon, CPA, was a featured speaker at the Future of Finance Summit in Orlando late last year, and she joined the JofA podcast from the event to discuss how leaders can overcome their own biases to be more inclusive.   Kamon, vice president of finance at the Low Income Investment Fund in Atlanta, points out that with social media and other commonly used applications, it’s very easy for us to choose our own news, friends, and interest areas — or have algorithms choose the focus areas for us. That can be detrimental to people expanding their understanding of the world and learning about others. Kamon also explains a few types of bias and how they can hold people back, and she explains why it’s important to mix progression planning with succession planning. What you’ll learn from this episode: ·         Why we’re now in the “golden age of self-curation,” according to Kamon. ·         The danger of “blocking people” if you’re in a leadership role. ·         An explanation of implicit bias and status quo bias. ·         The meaning of leading in a “roundabout” way — and how it differs from a “traffic light” approach. ·         How Kamon once reacted when approached by a manager about receiving a promotion. ·         The importance of being “receptive to change.”
2/29/202413 minutes, 5 seconds
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JofA roundtable: Why 2024 is shaping up as a big year for ‘people tech’

Bring together three of the top experts in the accounting technology space, and you’re bound to learn something (often, many things) new. That’s been the premise of the JofA Accounting Technology Roundtable since 2011. It held true again in 2024.  After discussing artificial intelligence and automation in Part 1 of the roundtable, published Wednesday, the three panelists — Automata Practice Development’s Wesley Hartman, IntrapriseTechKnowlogies’ Donny Shimamoto, CPA/CITP, CGMA, and Boomer Consulting’s Amanda Wilkie — turned their attention to several other topics, including one that is new to the roundtable — people tech.  What is people tech and why does Shimamoto think it’s going to be a big deal for accounting firms and finance departments this year and beyond? Find out in this episode. What you’ll learn from this episode: ·         What "people tech" is and why "HR tech" is not an adequate description ·         Ways accounting firms and finance departments can use the technology “for good” ·         Why AI can’t solve all problems, especially within people tech. ·         Why CPAs should be paying more attention to digital assets than blockchain. ·         The type of cybersecurity plan now required for many firms. ·         Where Web 3.0 stands and why it may be a little behind schedule. ·         A simple reminder about taking small steps when implementing technology.
2/22/202431 minutes, 55 seconds
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Tech roundtable: AI and automation go way beyond ChatGPT

ChatGPT generates most of the headlines, but it’s only a small part of the big picture when it comes to artificial intelligence (AI) in the accounting profession. What is the wider view on AI for accounting firms and finance departments, and how does it all relate to automation making life better for CPAs? Find out from three of the top accounting technology experts in the latest episode of the JofA podcast. Gathered for the JofA’s annual Accounting Technology Roundtable, the panelists — Automata Practice Development’s Wesley Hartman; IntrapriseTechKnowlogies’ Donny Shimamoto, CPA/CITP, CGMA; and Boomer Consulting’s Amanda Wilkie — covered numerous tech topics in a wide-ranging discussion being presented in two parts.  Part 1 features the aforementioned AI and automation discussion. Part 2, scheduled to be published Thursday, delves into topics including “people tech,” blockchain and digital assets, cybersecurity, and more. What you’ll learn from this episode: ·         How generative AI is like auto-complete. ·         What a recent announcement has in store for ChatGPT. ·         How AI has been around longer than you might think. ·         The importance of CPAs partnering with technologists to vet AI algorithms. ·         The different levels of automation and the best opportunities for CPAs.
2/21/202422 minutes, 28 seconds
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What it’s like to be a finance apprentice

Darryl Bonner of Connecticut-based Liberty Bank is part of a pioneering finance apprenticeship program. He’s in the midst of a rotation through several departments at the bank, and he’s taking steps to receive the CGMA designation as well. Bonner is one of the first apprentices in the AICPA’s Professional Apprenticeship for Finance Business Partners program, which in 2022 was approved by the U.S. Department of Labor. On this podcast episode, Bonner discusses why he was drawn to Liberty Bank, how he mixes his day job with the CGMA Finance Leadership Program, and what title he seeks to achieve in his career. Resources: n  Liberty Bank’s CFO, Paul Young, CPA, CGMA, joined the JofA podcast 13 months ago to discuss why the bank was interested in taking part in the program and how adding apprentices could help to address a talent gap. n  A short video on the impact of the apprenticeship program: https://www.aicpa-cima.com/resources/video/professional-apprenticeships-are-making-an-impact What you’ll learn from this episode: ·         How Bonner first heard about the finance apprenticeship program. ·         Why he considered his interview process with Liberty Bank to be unique. ·         An explanation of the departmental rotation program at Liberty Bank. ·         Why Bonner says “everyone can’t be coached the same.”
2/15/202413 minutes, 5 seconds
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Why accounting deserves STEM status, and how you can help

The practice of accounting is increasingly tied to technology, the T in the acronym STEM (science, technology, engineering, math). That tie-in is one reason the AICPA is advocating for accounting to be federally recognized as a STEM education field.  Two AICPA leaders join this episode of the JofA podcast to discuss the STEM topic: Jan Taylor, CPA, CGMA, academic in residence and senior director–Academic & Student Engagement, and Lauren Pfingstag-Vahey, director–Congressional & Political Affairs. Resources AICPA & CIMA resource page, Accounting is STEM JofA coverage of AICPA support for STEM-focused legislation in fall 2023 What you’ll learn from this episode: ·         Tracing STEM’s history to the 1950s space race. ·         The educator who came up with the acronym used today. ·         Why accounting should be considered a STEM education field. ·         How a STEM designation could help grow the accounting talent pipeline. ·         The number of co-sponsors for a House bill focused on accounting as STEM. ·         How members can support advocacy efforts.
2/8/202416 minutes, 38 seconds
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Super Bowl CFO Q&A: AI, risk management, enjoying the moment

Dan Crumb, CPA (inactive), CGMA, is a repeat guest on the JofA podcast, because, as CFO and executive vice president of the Kansas City Chiefs, his team is back in the Super Bowl for the second year in a row and the fourth time in five seasons. It’s a run he’d like to see continue and one that has presented the franchise with expanded revenue opportunities. In this episode, Crumb discusses the NFL’s first online-only playoff game, how the team’s finance function uses artificial intelligence (AI), and how he maintains balance in his life. And, of course, we asked him about Taylor Swift. Super Bowl LVIII is Sunday in Las Vegas. Below are Crumb’s previous podcast interviews: Journal of Accountancy episode in February 2023 FM episode in February 2020 What you’ll learn from this episode: ·         Steps taken to guide fans on staying warm during a recent game that was the coldest in stadium history. ·         Some of the AI-aided ways the franchise learns about fan demographics and attendance. ·         The impact of the team’s recent success on season-ticket renewals. ·         How Crumb addresses his spiritual, physical, and mental health. ·         A quick franchise history lesson — and why he tells staff to “enjoy the moment.” ·         His thoughts on suggesting a play to coach Andy Reid.
2/6/202425 minutes, 47 seconds
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Explaining the role of ARSC and its decision tree

Mike Westervelt, CPA, is chair of the AICPA Accounting and Review Services Committee (ARSC), and he joins this episode of the JofA podcast to discuss the committee’s role in assisting members. In 2023, ARSC released a decision tree to guide practitioners in eliminating confusion related to the applicability of AR-C Section 70, Preparation of Financial Statements. He compares the decision tree, an interactive PDF, to the Choose Your Own Adventure book series. Resources: ·         ARSC homepage ·         Analytical Procedures in a Review Engagement ·         Guide to financial statement services   What you’ll learn from this episode: ·         An introduction to ARSC and its main roles. ·         An explanation of preparation services and related guidance. ·         What Westervelt means by saying: “You cannot trip into a standard anymore.” ·         A guide to ARSC’s decision tree and how it can eliminate confusion for practitioners about the applicability of AR-C Section 70. ·         Other resources for members and areas of focus for ARSC in the future.
2/1/202414 minutes, 40 seconds
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ERC, BOI, e-signature relief: 3 focus areas for tax advocacy

Melanie Lauridsen, vice president–Tax Policy & Advocacy for the AICPA, joins the JofA podcast to review 2023’s tax advocacy highlights and look ahead to key issues this year and beyond. Her team’s focus areas include the employee retention credit claims, beneficial ownership information reporting requirements, along with numerous other issues of concern to tax practitioners. Resources: n  JofA article on BOI and what it means for CPA firms n  FinCEN news from December on BOI final rule n  Tax Section landing page, with extensive resource library on topics mentioned, including resources specific to the employee retention credit What you’ll learn from this episode: ·         The number of AICPA comment letters sent to legislators in 2023. ·         Where things stand regarding e-signature relief. ·         Lauridsen’s explanation of why beneficial ownership information requirements, while not specifically related to tax, are applicable to tax practitioners. ·         A summary of topics included in the resources section of the Tax Section’s landing page   ·         Lauridsen’s closing message to members.
1/25/202417 minutes, 6 seconds
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The importance of targeting talent early, enthusiastically

Jennifer Wilson is passionate about the accounting pipeline and the work being done by the National Pipeline Advisory Group (NPAG). Wilson, the CEO of Convergence Coaching and independent facilitator for NPAG, joined the JofA podcast this week to update listeners on progress in addressing talent concerns. Wilson details the timeline for delivering a draft report to AICPA Council, themes that are emerging in discussions so far, and how entities but also individuals can play a vital role in attracting talent to the profession. Resources The main NPAG page, AccountingPipeline.org March 2023 JofA podcast episode with Avani Desai, CPA August 2023 JofA podcast episode with NPAG chair Lexy Kessler, CPA, CGMA Last week’s episode with Kimberly Ellison-Taylor, CPA, CGMA What you’ll learn from this episode: ·         An explanation of the National Pipeline Advisory Group (NPAG) and Wilson’s work with the group. ·         Some key factors that contribute to “pipeline leaks.” ·         The core value proposition of the profession, in Wilson’s words. ·         The role of individual responsibility in helping to address accounting talent concerns. ·         A timeline for some of NPAG’s key initiatives. ·         The small changes that can lead to big ripples in the pipeline, according to Wilson.
1/18/202418 minutes, 25 seconds
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For all future bosses: A leader’s take on in-office work, AI, and more

Kimberly Ellison-Taylor, CPA, CGMA, the founder and CEO of KET Solutions and a former AICPA board chair, is energized by people she met and words she heard at recent events. Ellison-Taylor recaps some of the highlights in this episode of the JofA podcast, focusing on a session at the Future of Finance Summit in December on how finance professionals, and women in particular, can turn dreams of serving on a corporate board into reality. Also, get caught up on recent articles in the JofA, including a recap of a session on generative AI at Digital CPA, the start of tax season according to the IRS, how auditors can handle questionable employee retention credit claims, and when some accountants are completing work. What you’ll learn from this episode: ·         A roundup of several JofA articles in a busy news week. ·         Ellison-Taylor’s key takeaways from the Women’s Global Leadership Summit and Digital CPA events. ·         The networking opportunities provided by those events and the Future of Finance Summit. ·         Her thoughts on technology being “unleashed” and future talent being “unlocked.” ·         What Ellison-Taylor means when saying “Together, we’re unstoppable.” ·         Why she says that budding leaders should spend time in an office instead of being fully remote.
1/11/202415 minutes, 31 seconds
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Gen AI, business model transformation, and more with AICPA & CIMA CEO

Barry Melancon, CPA, CGMA, the CEO of AICPA & CIMA, explains why the accounting profession has to embrace generative artificial intelligence (Gen AI) instead of running from it. And that’s not all he’s talking about in this episode of the JofA podcast. Melancon shares insights on the effect of AI on audit and assurance, how private equity’s entry into accounting is changing firms, how business models themselves are changing, and why he says the world needs accountants more than ever. This is the second of a two-part conversation. The first part was published in December. What you’ll learn from this episode: The importance and value of a recently published toolkit on Gen AI. Why accountants and accounting firms have to embrace Gen AI and understand its risks. Potential uses for AI in auditing and assurance. The shifts Melancon sees in the business model of firms. Skills that CPAs should be prepared to learn, unlearn, and relearn.   Melancon’s explanation of the “trust equation” as it relates to CPAs.
1/4/202421 minutes, 19 seconds
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A Robert Half executive on the 2024 hiring outlook

Steve Saah, executive director of the finance and accounting permanent placement practice at Robert Half, joined the JofA podcast last week at the Future of Finance Summit in Orlando, Fla. In the interview, he shares recent data that seems positive related to hiring trends.  He also offers insights into the future of in-office work, analyzes the role that inflation plays in that dynamic, and discusses the advantages organizations have with multiple generations in the workforce. What you’ll learn from this episode: §  How organizations are approaching hiring in 2024, according to recent Robert Half data. §  The reasons for the significant gap between supply and demand in the finance industry. §  The one word Saah used to describe the 2023 economy. §  What Saah thinks about the future of in-office work. §  The hiring advantages of hybrid work models for organizations. §  The relationship between age, career level, and coachability.
12/21/202315 minutes, 9 seconds
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Power of the peer group: Riding the wave of finance transformation

The JofA podcast took a road trip last week to the Future of Finance Summit, catching up with several leaders on highlights from the event and reflections on its growth since the first event in Nashville, Tenn., in 2021. Tom Hood, CPA/CITP, CGMA, executive vice president–Business Growth and Engagement at AICPA & CIMA, leads off this compilation episode, sharing a favorite quote and how it applies to the summit’s themes. He and other speakers explain how a growing community of leaders is applying the knowledge of the crowd to guide their organizations in transformative times. Other speakers in this episode: n  Carrie Kruse, CPA, CGMA, economic development administrator for the city of Des Moines, Iowa; n  Scott Spiegel, CPA, CGMA, COO for AICPA & CIMA; and n  Kelly Lorenz, AICPA & CIMA’s associate director–Business Growth and Engagement.  The episode is the first of several that will focus on Future of Finance speakers and sessions, so be on the lookout for more, starting Thursday and continuing into 2024. What you’ll learn from this episode: ·         Hood’s summary of the event’s growth over the years. ·         Why Cruse considers the event the “top professional development opportunity of the year.” ·         The reasons Spiegel is more energized now about a new finance apprenticeship program. ·         Why the summit’s idea-sharing has been a “gold mine of opportunity” for finance leaders, according to Lorenz.
12/19/202318 minutes, 46 seconds
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Podcast part 1: Melancon on news and trends affecting CPAs

Barry Melancon, CPA, CGMA, the CEO of AICPA & CIMA, joins the show this week for the first part of a two-part conversation on the state of the profession and what CPA can expect in 2024 on several fronts. Melancon details concerns about a potential IRS shutdown in tax season, the state of ESG reporting and regulation, how elections could play out, and why the threats to CPA licensure are real. Part 2 of the conversation will be published in an early January episode of the JofA podcast. What you’ll learn from this episode: ·         Melancon’s one word that sums up the state of the profession looking ahead to the new year. ·         An overview of two major issues affecting CPAs: the moratorium on employee retention credit claims and requirements for beneficial ownership information reporting. ·         The “significant service implications” of a potential government shutdown related to the IRS. ·         Why legislation in Europe and California will have an effect on ESG reporting, even for businesses outside those areas and regardless of any SEC action on ESG. ·         Melancon’s assessment of “the art of compromise” in Washington. ·         The reasons CPA licensure is so important.
12/14/202322 minutes
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The 2024 hiring plans of finance executives, plus their top challenges

In the fourth-quarter results of the Business and Industry Economic Outlook Survey, CPA decision-makers remain pessimistic about both the global and U.S. economy, but less so about their own organizations. They also are showing a hesitance to hire, facing an array of challenges, as explained in this episode of the JofA podcast. Guest Ken Witt, CPA, CGMA, AICPA & CIMA associate director — Management, Accounting Research and Development, analyzes the results of the quarterly survey. What you’ll learn from this episode: How sentiment has changed regarding recession likelihood in the past few quarters. Projections for the next 12 months for revenue and profit. A recap of how the top challenges have shuffled lately, including regulatory concerns falling far down the list. The trends in hiring and why some workers may be more likely to stay put than look for another job. The specific part of decision-maker sentiment that Witt is waiting for in 2024.
12/7/202312 minutes, 2 seconds
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Hear all about it: What’s in the December JofA

Jeff Drew, the JofA’s editor-in-chief, is the guest on today’s episode, taking listeners through some of the articles in the December issue, which goes live on Friday.  Drew, a former JofA senior editor and manager with the AICPA’s Private Companies Practice Section, has focused on content for the daily and monthly magazines for more than a decade. He is also the host of the Small Firm Philosophy podcast. He previews coverage on the topics of: n  firm practice management; n  considerations for potential firm partners; n  the employee retention credit; n  Excel’s Automate feature; and n  Improving your work setup with a vertical mouse, mechanical keyboard, and more. If you have article ideas or other magazine feedback, you can reach Drew at [email protected]. What you’ll learn from this episode: ·         Where readers can find the latest monthly issue of the JofA. ·         A summary of a small firm owner’s article about firm practice management. ·         Considerations for CPAs on the path to partner. ·         Drew’s explanation of the top item in the Tax Matters section. ·         The advice that Kelly Williams, CPA, shares about Excel in Technology Q&A. ·         Another Technology Q&A topic that reminds Drew of 1980s arcade games.
11/30/202315 minutes, 25 seconds
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Doubling down on tech: What’s in store at Digital CPA in Vegas

The 2023 Digital CPA Conference, Dec. 3–6 in Las Vegas, will be the event’s 12th year. To explore the trends that drive this year’s agenda – and to look back on the conference’s weather-delayed start – Michael Cerami joins the JofA podcast. Cerami is executive vice president of strategic alliances, business development, and communications at CPA.com, the AICPA’s business and technology subsidiary. Cerami discusses generative AI, previews some of the Digital CPA sessions, and explains how business model transformation is a key topic for future-focused CPA firms and practitioners. What you’ll learn from this episode: ·         More from CPA.com’s Michael Cerami on the recently released AI toolkit. ·         Cerami’s preview of some of the keynote speakers’ topics. ·         Why the initial Digital CPA event was delayed about six weeks. ·         Why business model transformation is top of mind for the profession. ·         How Digital CPA has led the discussion over the years on the topic of client advisory services, or CAS.
11/16/202314 minutes, 40 seconds
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In an online meeting, where do you direct your eyes?

The title above is the first question posed to the guest on this episode of the JofA podcast. Byron Patrick, CPA/CITP, CGMA, vice president—Client Success at the B3 Method Institute, is a repeat guest on the show, and he’s spoken previously about best practices for virtual meetings. The conversation topic was spurred by an article covering recent research about how our brains perceive interaction differently in virtual meetings than in-person meetings. The first time Patrick appeared on the JofA podcast, in 2019, he discussed effective email rules. Over the years, he’s shared PowerPoint rules to live by and advice for virtual meetings. What you’ll learn from this episode: ·         Why trying to look someone in the eye is difficult in virtual meetings. ·         Patrick’s recall of memorable meeting gaffes. ·         How headphones can be useful in online meetings. ·         A cameo appearance from Patrick’s dog, Trinity. ·         Why Patrick says that 10 minutes of consideration can make meeting attendees more effective and presentable.
11/9/202316 minutes, 39 seconds
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‘Moving so quickly’: The latest on ESG compliance

When will the SEC’s proposed rule on climate disclosures become final? And what effect will new legislation in California have on companies across the country? Those questions and more are topics of this episode of the JofA podcast. Ami Beers, CPA, CGMA, senior director–Assurance & Advisory Innovation at the AICPA, discusses the latest news on multiple regulatory and reporting fronts. She also previews a December virtual conference. and discusses the AICPA a summary resource document, created in response to recently signed laws in California. Beers also discusses SEC rules that are not climate-related, such as ones focusing on human capital and board diversity. What you'll learn from this episode: The nationwide impact of new climate-related legislation in California on public and private companies. Where the SEC stands on its proposed climate rule, and the SEC’s plans related to the “S” and “G” in ESG. The key role CPAs are positioned play in the rapidly evolving ESG reporting environment. How accounting professionals can benefit from the AICPA & CIMA ESG & Sustainability Conference in December.
11/2/202313 minutes, 47 seconds
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Better business: How to invest in staff and keep staff invested

For several years now, finance executives have had talent development and retention on their minds – even with all the other business headwinds they’re facing today. That’s why the timing of an apprenticeship program has been so important, and why it’s the main topic on this episode of the JofA podcast.  Today’s guest, Barry Payne, director—External Relations, Management Accounting at AICPA & CIMA, together as the Association of International Certified Professional Accountants, explains the tie-in between the emphasis on apprenticeships and the Future of Finance Leadership Advisory Group (FFLAG).  Also, hear a short segment of the Small Firm Philosophy podcast where the owner of a small CPA firm talks about a drastic change to her business model that paid personal and professional dividends.  Resources: U.S. apprenticeship program overview Future of Finance Summit agenda and registration JofA article on Sandy Johns and the transformative leap she took for her firm  What you’ll learn from this episode: An overview of progress in the Department of Labor-approved apprenticeship program in its first year. Some of the new companies now taking part in the program. How companies are applying the apprenticeship program to train and upskill existing employees. Payne’s explanation of how an emphasis on apprenticeships was a “fundamental action” of the FFLAG. The top challenge listed by finance executives who are part of the FFLAG. Information about the December summit and agenda and why Payne calls it a “safe haven” for finance leaders.
10/26/202313 minutes, 15 seconds
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No Plan B: A personal lesson about retirement readiness

Stephanie Hughes doesn’t want anyone, especially families, to face an unforeseen crisis when it comes time to retire. Her family’s own struggles, when she was in college, helped shape that view. Hughes, CEO of the Wealth Management & Family Office at the firm Wiss & Co. LLP, said she’s teaching her daughter about money, saving, and thinking early about retirement. Dedicating a little bit of time now to educate others about retirement readiness can pay big dividends down the road. This episode of the JofA podcast also highlights breaking news related to IRS details on withdrawing employee retention credit claims. What you’ll learn from this episode: ·         More about Stephanie Hughes and the division of the firm Wiss of which she is CEO. ·         The personal experience that helped shape Hughes and her view on financial planning, especially as it relates to transferring family wealth. ·         How her family’s struggle led Hughes to a job that she says “became my passion.” ·         Why retirement readiness is sometimes more challenging for women. ·         The importance of early education when it comes to saving for retirement. ·         The YouTube series that Hughes and other firm leaders have begun.
10/19/202311 minutes, 25 seconds
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An unorthodox path to CPA success

Nicole Davis isn't your typical CPA firm owner. She has five children, owns three businesses, and has zero work experience in a public accounting firm. She has crafted a presence on social media including an account with more than 12,000 followers on X, formerly known as Twitter. How has Davis done all of this, launching the firm Butler-Davis Tax & Accounting and two other businesses? And what has she learned along the way? She shares her story in this episode, a collaboration with the Small Firm Philosophy podcast, which is produced by the AICPA's Private Companies Practice Section. What you’ll learn from this episode: Why Davis changed her firm's business model after the first year. How she uses video to communicate with clients and staff. How she shifted her firm away from taxes to accounting, bookkeeping, and advisory services. How price increases helped her firm right-size its client base. How she uses social media to connect with peers and land clients.
10/12/202327 minutes, 33 seconds
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Why should CPAs understand ChatGPT?

In the spring, two technology-focused accounting educators wrote an article about ChatGPT’s ability to answer hypothetical client questions. Now, they’re joining the JofA podcast to look into the future of generative AI. Mfon Akpan, CGMA, DBA, an assistant professor of accounting at Methodist University, and Scott Dell, CPA, DBA, an assistant professor of accounting at Francis Marion University, explain why CPAs and other professionals can be left behind professionally if they don’t spend time learning about tools such as ChatGPT. They talk about productivity gains, the competitive divide that could develop, and how, in the short term, more training is needed to fully harness generative AI. Akpan and Dell also note that although the power of generative AI tools is exciting, these tools are far from perfect. In particular, accuracy remains a concern. Editor’s note: The interview was recorded in August. What you’ll learn from this episode: How Akpan and Dell got to know each other. A forecast of how generative AI will look in 2024. Some of the other tools competing with ChatGPT. Akpan’s “aha moment” when giving a recent presentation. Why Dell said — twice — “the sky’s the limit” with AI tools.
10/5/202329 minutes, 55 seconds
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Driving fuel efficiency: CPAs’ changing role in oil and gas reporting

Ryan Bogner, EY’s Americas digital sustainability leader, is the keynote speaker at the AICPA & CIMA Oil & Gas Conference in November in Las Vegas. He explains on this episode of the JofA podcast how the regulatory landscape will affect reporting going forward, the link between cost efficiency and carbon efficiency, and why, even with more focus on sustainable energy sources, demand for oil and gas remains high. What you’ll learn from this episode: ·         Bogner’s explanation of how reporting directives in Europe can affect U.S. companies. ·         How changes in the regulatory landscape could affect CPAs’ reporting and assurance duties and timelines. ·         An update on the release of the SEC climate rule’s final version. ·         Definitions of “carbon efficiency” and “carbon intensity.” ·         Why Bogner says that demand for oil and gas as an energy source isn’t diminishing.
9/28/202316 minutes, 8 seconds
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Summing up Sid: The ultimate CPA and friend to all

Plenty of CPAs can say they learned something from Sid Kess, who died last week at age 97. This episode of the JofA podcast shares more memories of Kess, dating back 50 years. What you’ll learn from this episode: Background information on Sid Kess, who died last week at age 97. What Kess taught Marty Finn about relationship-building at conferences. David Lifson’s surprise that Kess remembered him from a meeting that occurred at least 10 years earlier. Julie Welch’s memory of when Kess suffered broken bones just before an AICPA video session but carried on.  AICPA & CIMA CEO Barry Melancon’s early dealings with Kess. Why Melancon said that “you hated to disappoint” Kess.
9/22/202323 minutes, 7 seconds
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ERC suspended: What happens next

On Thursday, the IRS suspended the processing of new employee retention credit (ERC) claims to combat the prevalence of fraud. These measures will help protect small businesses and aim to stop fraud by promoters of ERC mills. In this episode, Kris Esposito, Director — Tax Policy & Advocacy, AICPA & CIMA, joins April Walker, CPA, CGMA, Lead Manager — Tax Practice & Ethics, AICPA & CIMA, to discuss this important news development and break down the details of the announcement. What you’ll learn from this episode: How to find out if submitted claims have been processed (3:53). When recently submitted claims will be processed (4:41). How to talk to your clients about the IRS announcement (6:22). How a new resource can help (7:38).
9/15/202311 minutes, 30 seconds
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No regrets: Reflections on a family-owned CPA firm’s ‘great run’

For Kevin Martin, CPA, the many happy memories of his father — also a CPA named Kevin Martin — outweigh the grief that accompanied the elder Martin’s death in 2019.  An otherwise healthy 78-year-old, the grandfather to Kevin and Lisa Martin’s four children was diagnosed with amyotrophic lateral sclerosis (ALS), a debilitating disease that has no cure. He died about a month later.   Kevin Martin, the son, didn’t want those memories to fade away, and so, in the middle of the pandemic, he decided to write. He kept writing, and eventually his grief journal became a book, All Is Well: Life Lessons from a Preacher’s Father. In this episode of the JofA podcast, Martin discusses the “preacher” part of the book’s title, how the family-owned CPA firm has moved forward, and advice for dealing with life-altering events. What you’ll learn from this episode: ·         The upheaval in accounting and other industries that affected Martin’s firm at the onset of the pandemic. ·         Why Martin decided to write a book about his father. ·         The last words of Martin’s father in the hospital. ·         Why Martin says “grief has no rules.” ·         Martin’s advice for how to assist grieving coworkers, including “bringing down the boundaries.” ·         The book’s role in fundraising for ALS charities and research.
9/14/202323 minutes, 27 seconds
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Why the outlook of CPA decision-makers has improved

It’s not a rosy outlook by any means, but the mood of finance decision-makers has brightened in the past three months. That’s according to a third-quarter survey of CPA decision-makers in business and industry. Optimism is rising, along with projections on revenue for the coming 12 months. Also, inflation is no longer the top challenge chosen by respondents.  Ken Witt, CPA, CGMA, AICPA & CIMA's associate technical director – Reasearch and Development, discusses the results of the Business and Industry Economic Outlook Survey in this podcast episode. What you’ll learn from this episode: ·         The decline in the percentage of respondents expecting their businesses to contract. ·         A breakdown of how CPA decision-makers in business and industry feel about the likelihood of a recession. ·         The top challenges facing finance executives. ·         What Witt calls the “keynote stat” to monitor leading up to the fourth-quarter survey results.
9/7/20239 minutes, 13 seconds
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An updated practice aid and how it can assist in audits of digital assets

The AICPA’s Digital Assets Working Group published the first iteration of its digital assets practice aid in late 2019. Since then, much has changed related to digital assets, and so the practice aid has evolved with timely updates. The latest update, member-locked content published in late July, continues that evolution.  On this episode of the JofA podcast, Kyle Sewell, CPA, a member of the Digital Assets Working Group, explains more about why the updates are important and how they can help practitioners.
9/1/202317 minutes, 47 seconds
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3 keys to building a strong team: Partnerships, people, goal alignment

When Rand Greenblatt, PA, assumed the role as CFO of Elixir Solutions in early 2022, he set out to improve finance operations while empowering team members. He said that seeing direct reports improve through taking on stretch roles is a key part of talent development – and something that’s gratifying to him. Greenblatt shared what it’s like to manage a team that’s fully remote, why he considers that setup “a boon to the organization,” and more in this episode of the JofA podcast. What you’ll learn from this episode: ·         Rand Greenblatt’s background writing for a newsletter tied to the JofA. ·         Greenblatt’s new role and more about his job priorities. ·         Three areas of focus for improving his organization’s finance function. ·         The “huge selling point” – and other benefits – of being a fully remote company. ·         What Greenblatt considers the most rewarding part of his job.
8/24/202314 minutes, 35 seconds
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Hybrid intelligence: Working with AI instead of against it

Future-focused consultant and entrepreneur Scott Klososky admits he doesn’t know exactly what the future holds as it relates to artificial intelligence. But he is definitely more upbeat about the productivity possibilities AI offers than down about the jobs AI might eliminate He believes AI will cut out parts of jobs, not entire ones. Klososky will talk more on this topic in September at the AICPA & CIMA Conference on Banks and Savings Institutions. About AI, Klososky says: “Instead of fearing it, we need to get better at embracing it and loving and appreciating what it can do.” What you’ll learn from this episode: ·         How the past 10 months have transformed the adoption of generative AI such as ChatGPT. ·         What Klososky means by the phrase “consumerized AI” – and how what’s happening now compares to the launch of the iPhone. ·         Why Klososky prefers “machine intelligence” over “artificial intelligence.” ·         How technology could play a role in helping to close the U.S. labor gap. ·         A new take on the 80-20 rule, applicable to AI. ·         What Klososky is looking forward to from this year’s banking conference.
8/17/202320 minutes, 26 seconds
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‘All in this together’: Addressing the CPA pipeline issue

Lexy Kessler, CPA, CGMA, is the chair of the National Pipeline Advisory Group, a group of accounting stakeholders formed to help shape strategy to address the profession's talent shortage. Kessler is mid-Atlantic leader for the firm Aprio and a member of the board of directors of the Association of International Certified Professional Accountants. She is a former chair of the Maryland Association of CPAs. In this episode, Kessler discusses why leading the group appealed to her, more about the group’s responsibilities, and why she’s excited to learn from the group’s other members. What you’ll learn from this episode: ·         What the advisory group is and the approach it is taking to key responsibilities. ·         Some of the ways the talent shortage in the profession has affected business. ·         Why organizations, including CPA firms, must be open to looking inward for solutions to the profession’s pipeline problem. ·         How the National Pipeline Advisory Group’s universally desired end result puts it in a strong position to aid the cause.
8/10/202310 minutes, 1 second
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How one small firm drastically cut its busy-season hours

Johanna Sweaney Salt, CPA, CGMA, used to work 100 hours a week during busy season. As the founder and managing partner of Gray, Salt & Associates LLP, she believed it was her responsibility to put in the time needed to make her small firm a success. Today, Johanna remains a full-time partner at the firm, and her son, Dalton Sweaney, CPA, is now the managing partner. His desire a few years ago to spend more time with his young children prompted him to ask his mother if they could make changes to make busy season less crazy. She said yes, starting a multiyear journey that has freed Dalton up for more dinners with his family and has cut her busy-season hours almost in half. What changes did they make and how have they kept the firm running profitably? What you’ll learn from this episode: ·         How the firm began a move to cut back on both total hours and hours worked in the office. ·         The remote work toolkit that assisted in the business transformation. ·         How a hard minimum set by the firm helped to maximize profits. ·         When, how, and why the firm fires clients. ·         The firm’s ideas about four-day workweeks.
8/3/202319 minutes, 32 seconds
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Fraud, football, and a viral video: A midsummer compilation

This episode is a midsummer look back at insights from selected 2023 podcast guests, from a Super Bowl CFO to the AICPA vice chair.  
7/28/202316 minutes, 16 seconds
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Why the disconnect? Risks are everywhere; risk management is not

A survey report that focuses on enterprise risk management (ERM) and offers tools for risk practitioners is the focus of this episode of the JofA podcast. The 14th edition of The State of Risk Oversight, a report produced jointly by the AICPA & CIMA, together as the Association of International Certified Professional Accountants, and the ERM Initiative at North Carolina State University, shows that the volume and complexity of risks continues to be prominent on the radar of leaders at U.S. organizations of all types and sizes. However, complete and formal ERM processes are just as common now as five years ago, after the survey showed nearly a decade of increased interest in ERM. Mark Beasley, CPA, Ph.D., a professor at N.C. State and director of the school’s ERM Initiative, analyzes the disconnect, explains why a post-pandemic sigh of relief is not a good sign for risk managers, and shares some of the questions that organizations can ask themselves to improve their ERM practices. What you’ll learn from this episode: ·         An overview of the annual survey, and why it appears that interest in establishing complete and formal risk management appears to have leveled off. ·         Beasley says there’s a “false sense of security” related to risk management. ·         Why defining an organization’s crown jewels is a key first step in risk management. ·         The obstacles that inhibit some organizations’ risk management efforts.   ·         Questions related to risk management that can be part of your next company strategy meeting.
7/20/202314 minutes, 18 seconds
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S corps. and Rev. Rul. 2008-18 F reorganizations

In this podcast episode, a collaboration between the JofA and the Tax Section Odyssey podcasts, Tony Nitti, CPA, partner—National Tax at EY, joins April Walker, CPA, CGMA, lead manager—Tax Practice & Ethics at AICPA & CIMA, from ENGAGE 2023.   The main topic of their discussion is Rev. Rul. 2008-18, delving into S corporation reorganizations.   Related resources   Rev. Rul. 2008-18 — Postulates two situations in which an S corporation becomes a qualified subchapter S subsidiary (QSub) of a newly formed corporation that will qualify as an F reorganization. The ruling also provides new guidance on the proper employer identification number (EIN) to be used by the entities in each situation. Private equity and F reorganizations involving S corporations — The Tax Adviser, Sept. 1, 2020 6 reasons an S corporation wouldn’t need a PLR | Tax Section Odyssey —  Rev. Proc. 2022-19 provides procedures to allow S corporations and their shareholders to resolve frequently encountered issues without requesting a PLR. What you’ll learn from this episode: ·         How S corp. buyers can protect themselves against the risk of invalid S elections. ·         An overview of Rev. Rul. 2008-18 and a hypothetical example of its applicability. ·         A review of Rev. Proc. 2022-19 and fixes to invalid S elections. ·         The extra step when an S corp. owns 100% of a qualified Subchapter S subsidiary.
7/13/202326 minutes, 41 seconds
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Where do we go from here? Career advice for high performers

Donny Shimamoto, CPA/CITP, CGMA, the founder and managing director of Intraprise TechKnowlogies LLC, recently co-hosted a conference session on feedback – specifically, how high performing employees sometimes get a low amount of valuable feedback. Such high performers can have their development halted if they fail to seek out the right feedback to advance in their careers, Shimamoto said. Shimamoto also reflected on the recently completed AICPA & CIMA ENGAGE, highlighting the words of Carla McCall, CPA, CGMA, the AICPA vice chair, about asking for help. What you’ll learn from this episode: ·         Donny Shimamoto’s reflection on last month’s AICPA & CIMA ENGAGE. ·         Why employees identified early as high performers sometimes fail to receive meaningful feedback. ·         Shimamoto’s comparison of performance reviews and financial statements. ·         Why an ENGAGE session about mental health resonated with him.
7/7/202316 minutes, 46 seconds
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The key role accountants will play in the shifting definition of value

As the components of a company’s value change, the role of finance must adapt to what it reports and how it manages tangible and intangible assets. That shift was underscored with the release of new global sustainability standards by the International Sustainability Standards Board, and it’s the topic of this episode of the JofA podcast. Ash Noah, CPA, CGMA, FCMA, managing director—Management Accounting and ESG for AICPA & CIMA, together as the Association of International Certified Professional Accountants, explains briefly what the two standards are and what he sees changing for organizations going forward, in the U.S. and elsewhere. Noah wrote a blog in May about the new imperative for accountants related to reporting on environmental, social and governance (ESG) factors. In this episode, he goes into more detail about what the new standards mean for business and the profession.  What you’ll learn from this episode: ·         Noah’s description of what is addressed in the new standards, IFRS S1 and IFRS S2. ·         Details on types of intangible assets. ·         How the release of the standards is likely to affect U.S. companies. ·         The AICPA & CIMA vision around the standards, according to Noah. ·         How the role of finance changes with the release of the standards.
6/29/202317 minutes, 45 seconds
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CPAs and cannabis businesses – a 2023 update

Advising legal cannabis-related businesses is a growing opportunity for CPAs. The landscape is ever-changing, on regulatory and other fronts. Andrew Hunzicker, CPA, the founder and CEO of Dope CFO Certified Advisors in Oregon, and Ron Seigneur, CPA/ABV, founder and partner at the firm Seigneur Gustafson LLP in Colorado, joined the JofA podcast recently to provide an update on what has changed in the industry as well as highlights of the upcoming AICPA & CIMA Cannabis Industry Conference, Aug. 14-16 in Boston. They discuss common questions CPAs have, how laws and regulations have changed over the years, and more. What you’ll learn from this episode:  ·         An overview of the cannabis industry’s regulatory landscape since one of the speakers was on a JofA podcast episode in 2020. ·         What attendees can expect at the AICPA & CIMA Cannabis Industry Conference in August. ·         Details about accounting-specific guidance as it relates to cannabis businesses. ·         The questions that Hunzicker and Seigneur often get about advising cannabis businesses. ·         A list of some of the specific niches that make up the cannabis industry.
6/22/202315 minutes, 10 seconds
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Advice to CFOs: Be agile and adaptable in the face of rapid change

Chris Ortega is an upbeat person, as anyone who’s seen him present at a conference knows. But he also understands that, economically, times are tough, and he has advice for finance professionals to manage through the uncertainty. Ortega also shares how his role at conferences has changed since he first began volunteering, why he likes coming back to AICPA & CIMA ENGAGE, and what he sees for the future of financial planning and analysis (FP&A). What you’ll learn from this episode: ·         Chris Ortega’s career progression from financial planning and analysis (FP&A) analyst to consultancy CEO. ·         How the realm of FP&A and CFOs has changed in the past 18 months. ·         Ortega’s advice for CFOs related to building up cash reserves. ·         The value Ortega found in volunteering to be on the planning committee for a conference. ·         His answer to the question, “In five years, what does FP&A look like?”
6/15/202312 minutes, 40 seconds
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The power skills needed to lead effectively — from the AICPA’s vice chair

Carla McCall, CPA, CGMA, was a prominent speaker at AICPA & CIMA ENGAGE 2023 for good reason. On this episode of the Journal of Accountancy podcast, McCall, recently named AICPA vice chair, discusses her career path and interest in volunteering while also serving as managing partner of the firm AAFCPAs. McCall shares some of the key traits of leaders, what her firm is doing to address capacity issues, and one aspect of feedback that she considers difficult. What you’ll learn from this episode: ·         An overview of McCall’s career in public accounting. ·         Why gaining an outside perspective has helped McCall and her firm. ·         How she has learned to delegate responsibilities over the years. ·         An obstacle McCall faced regarding mentorship early in her career. ·         What she looks forward to in her role as AICPA vice chair.
6/8/202314 minutes, 56 seconds
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Summing up economic sentiment: Less revenue, more pessimism

CPA decision-makers in business and industry weren’t optimistic at the end of last year, but their outlook grew a bit sunnier as 2023 began. Now, as 2023’s midpoint approaches, the outlook of finance executives is again taking on a more pessimistic tone in a quarterly survey. Contraction plans are more common, and projections for revenue and profit have declined. Ken Witt, CPA, CGMA, AICPA & CIMA’s associate director–Management Accounting Research and Development, discusses the results of the Economic Outlook Survey in this podcast episode. What you’ll learn from this episode: ·         An overview of second-quarter survey results. ·         Why Witt now says that the fourth quarter of 2022 may not represent “the bottom” in terms of sentiment. ·         How the high-interest-rate environment is affecting companies. ·         Examples of more stringent lending requirements that businesses are facing. ·         The hiring outlook and projections for the coming 12 months for revenue and profit.
6/1/202313 minutes, 18 seconds
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Bots emerge as cyber threat for accounting firms

ChatGPT and other generative artificial intelligence bots have made a big splash this year, with ChatGPT even passing the CPA Exam earlier this month, but there is another kind of bot accountants need to know about. Cybercriminals have started using bots to identify zero-day vulnerabilities in routers, servers, smartphones, Windows, web browsers, and antivirus software. Once the hackers discover a vulnerability, they send out their bots to exploit it in as many places as possible, with CPA firms and finance departments among the potential targets. What can CPAs do to shore up their cyberdefenses? The latest episode of the Journal of Accountancy podcast, produced in partnership with the Small Firm Philosophy podcast, addresses that question with Roman Kepczyk, CPA/CITP, CGMA, director of firm technology strategy for Right Networks and author of the AICPA Private Companies Practice Section’s CPA cybersecurity checklist.  What you’ll learn from this episode: ·         What a zero-day vulnerability is and why patching is so important. ·         The latest in strong password rules and tools. ·         Key cybersecurity risks and mitigation strategies for remote workers. ·         The technology trend Kepczyk is most excited about.
5/25/202323 minutes, 2 seconds
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Tech roundtable: Getting your data in order

Technology experts in the accounting space have plenty to say about the assets that organizations should protect from cybercriminals, what Web 3.0 could mean for the profession, and what skills future CPAs will need. This is part two of a two-part conversation with: n  Amanda Wilkie of Boomer Consulting; n  Wesley Hartman of Kirsch Kohn & Bridge LLP; and n  Donny Shimamoto, CPA/CITP, CGMA, of IntrapriseTechKnowlogies. The conversation also was turned into a JofA article. The podcast episode of the first part of the conversation was posted May 11. The speakers are scheduled to present at AICPA & CIMA ENGAGE in Las Vegas the week of June 5. Resources n  Previous podcast conversation with Hartman about RPA. n  The 2020 podcast episode that featured tech roundtable participants Wilkie and Shimamoto.
5/18/202328 minutes, 27 seconds
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Tech roundtable: Tapping into automation and tools of the future

Technology experts in the accounting industry have plenty to say about ChatGPT, staffing issues and a push toward more automation, and how organizations can decide which projects are done in house or through outsourcing.  This is part one of a two-part conversation with: n  Amanda Wilkie of Boomer Consulting; n  Wesley Hartman of Kirsch Kohn & Bridge LLP; and n  Donny Shimamoto, CPA/CITP, CGMA, of IntrapriseTechKnowlogies. The conversation also was turned into a JofA article. The second part will be published in podcast form on May 18 on the JofA’s podcast page. Resources n  Previous podcast conversation with Hartman about RPA. n  The 2020 podcast episode that featured tech roundtable participants Wilkie and Shimamoto.
5/11/202324 minutes
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Learning to be a leader: Grab a mirror and a book

For Dan Griffiths, CPA, CGMA, the president at Lume, a deodorant company headquartered in Utah, taking a rigorous approach to analysis – whether it be marketing spending or performance management – is critical. The human side of running a business is also important. In a conversation more than seven years ago, Griffiths spoke about emotional intelligence, a skill that has served him well in a fully remote company. “We have to be paying much closer attention to what cues we're getting from different members of the team,” he said. In this Journal of Accountancy podcast episode, Griffiths offers leadership tips, reflects on what he did and didn’t know in making a move from a CPA firm to a retail company, and uses a baseball analogy to explain how performance management should work. Griffiths is scheduled to speak at next week’s AICPA & CIMA CFO Conference on the topic of performance management.
5/4/202315 minutes, 57 seconds
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Accounting student masters second chance at life

Terrell Williams is about to graduate with a master’s degree in accounting. That’s something he never would have considered after dropping out of college nearly 10 years ago. A chance event in his hometown of Louisville, Ky., changed everything for Williams. He nearly died outside a convenience store one March afternoon. “My time was ticking,” he said. In this episode of the Journal of Accountancy podcast, Williams explains what happened, how he viewed it as the “start of a new life,” how he found accounting, and why he’s living life with more purpose. What you’ll learn from this episode:          Williams’ recount of the life-changing events of March 29, 2017, in Louisville, Ky.          Why he said his first attempt at attending college didn’t go well.          The volunteer work Williams does in his hometown.          Some of Williams’ mentors, outside of the family that he says “raised me right.”          What’s next for Williams after graduation from the master’s in accounting program at N.C. State.
4/27/202317 minutes, 27 seconds
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How one firm transformed its partner compensation model

Incentivize the behaviors you want. That was the theory behind GRF CPAs & Advisors’ decision to change its partner compensation model several years ago. Firm leaders knew that if they wanted their partners to operate as a cohesive team, they needed to stop paying partners in ways that drove individualistic behaviors. More than five years later, GRF President and Managing Partner Jackie Cardello, CPA, says that while the process was a lot of work, the results “absolutely” have been worth it. What did GRF change, and how have the firm’s fortunes improved? Find out from Cardello and GRF partner Elinor Litwack, CPA, in this episode, produced in partnership with the Small Firm Philosophy podcast.
4/20/202324 minutes, 2 seconds
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Prestige and value: A CPA career coach’s view on education requirements

Nikki Winston, CPA, can recall a time when, for her, it might have been easy to give up on pursuing CPA licensure. Now, she receives messages from CPA candidates and advises them on how to continue to the journey. Winston, a career coach and CPA Exam strategist, shares in this episode the common questions she gets from students and why she believes that the 150-hour educational requirement for CPA licensure should not change.
4/13/202315 minutes, 30 seconds
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‘Status quo is the riskiest option’: One leader’s proven approach

It’s obvious that change is happening rapidly these days, but is the accounting profession moving quickly enough to adapt to that change? It’s a question Joey Havens, CPA, has pondered often in his career at the firm Horne LLP. Havens joined the Journal of Accountancy podcast to discuss the building of organizational culture, why the word “enduring” has been a strand running through his career, and why he likes to ask the question “Are we moving fast enough?” Havens is a speaker at AICPA & CIMA ENGAGE in June in Las Vegas.
4/6/202317 minutes, 8 seconds
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Of high interest: What rising rates mean for everyone

As consumers, the current environment of higher interest rates affects us in several ways. One of the obvious ways is for potential homebuyers, who are keenly aware of 30-year mortgage rates that are far higher now than several years ago. But how do higher rates affect accounting practitioners and their business clients? Bob Durak, CPA, CGMA, has a few answers in the latest episode of the Journal of Accountancy podcast. Durak, director–Audit and Accounting Technical Services at AICPA & CIMA, together as the Association of International Certified Professional Accountants, also explains the role that the Center for Plain English Accounting (CPEA) plays in assisting small to midsize firms with new or less obvious risks related to interest rates. Hear more about why fraud could rise along with interest rates, what high rates might have to do with revenue recognition, and more about a recent CPEA report that details the current rate environment.
3/30/202318 minutes, 6 seconds
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Managing vs. leading: Why that distinction matters in the modern workplace

Hamza Khan had just spoken at a TEDx event in 2016 when he got a message from his boss: See me in my office, first thing in the morning.  Khan, an author and speaker who will deliver the May 10 keynote address at the AICPA & CIMA CFO Conference in Salt Lake City, recounts the initial reaction to his talk about management of people — it was not all positive. But the content was prescient, a pre-pandemic look at flexible work.
3/23/202315 minutes, 30 seconds
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Cultivating tech talent: A CPA firm leader’s elementary approach

Avani Desai, CPA, doesn’t trace her journey to becoming the CEO of a top firm to her youth — she goes back to before her birth, to the emphasis her grandparents put on education in the 1940s in India. In keeping with the “starting early” theme, Desai believes that, instead of talking to students about accounting in their third year of college, the profession needs to reach out to students in the third grade. And she lived that example recently, visiting her daughter’s elementary school classroom.
3/16/202323 minutes, 32 seconds
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Inflation, talent, labor costs: 3 challenges amid slightly rising optimism

Overall, positivity about the U.S. economy remains muted, with just 23% of respondents to a recent survey saying they are optimistic about the domestic outlook for the next 12 months. That’s an improvement from the fourth quarter, when just 12% expressed optimism. Also, 45% of respondents in the first-quarter Business and Industry Economic Outlook Survey are optimistic about their own businesses, up from 35% at the end of last year.
3/9/20239 minutes, 4 seconds
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Won’t get fooled again: The who, what, and why of fraud

Kelly Richmond Pope, CPA, CGMA, is a professor at DePaul University and the author of a book scheduled to be published later this month on fraud. Fool Me Once: Scams, Stories, and Secrets From the Trillion-Dollar Fraud Industry is designed to help people “see themselves or see their businesses in the stories” so that they can improve their defenses against fraud. Pope details an interactive game related to the book that can help educate business owners about fraud and the motivations of fraudsters.
3/2/202315 minutes, 5 seconds
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Vroom, or doom and gloom? Thoughts on succeeding amidst uncertainty

Uncertainty isn’t going away. And because of that, entrepreneur and consultant Pascal Finette says that organizations and leaders should think differently about how they view the current business environment. Finette, a keynote speaker at the Future of Finance Summit in Austin, Texas, challenges leaders to think of uncertainty as an opportunity, not an obstacle. He asks: “How do you actually show up as a leader in a world of uncertainty and lead into, and then lead, in the unknown?” Also, here’s the late 2021 interview with Finette in which he talked about the accounting profession’s “interesting inflection point.”
2/23/202310 minutes, 29 seconds
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Culture you can feel: Advice for making it an accelerator, not a constraint

A well-defined, vibrant work culture certainly can help employees perform at or above expectations. And a poor culture can absolutely be a performance constraint. But how do leaders change culture, or grow it in the age of remote and dispersed workforces? Kerry Brown has a few thoughts. Brown specializes in workforce transformation, and she spoke recently to finance executives about such issues at the Future of Finance Summit in Austin, Texas.
2/16/202320 minutes, 55 seconds
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How CPAs focused on advisory services can answer several common questions

Robin Thieme, CPA/CITP, CGMA, the founder and CEO of KBS CFO, has gotten all kinds of questions over the years from clients. As an early adopter of offering advisory and fractional CFO services, she’s someone well versed to share the insights that simply getting those questions can unearth.
2/9/202314 minutes, 27 seconds
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Super Bowl CFO: How finance supports the Chiefs’ on-field success

Making a run to the Super Bowl never gets old. That’s one of the messages that Dan Crumb, CPA, CGMA, the CFO of the Kansas City Chiefs, shares in this episode of the Journal of Accountancy podcast.  The team has qualified for the Super Bowl three of the past four seasons, and Crumb encourages the members of his finance team to “step back and soak this moment in” — in between doing extra work in advance of Super Bowl LVII on Sunday.
2/7/202313 minutes, 52 seconds
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Digital assets in danger: How to guard against hackers

Steve Ursillo, CPA/CITP, CGMA, is a partner in the Risk & Accounting Advisory Group at Cherry Bekaert and the firm’s national leader of information assurance and cybersecurity. He explains much about digital assets and the threats that digital asset owners must guard against. Cyberattacks are on the rise, including attacks focused on digital assets In this podcast episode, Ursillo explains the threat landscape and offers advice on the safeguards that organizations should have in place to prevent the theft of digital assets.
2/3/202322 minutes, 54 seconds
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Innovative CPA firm leader: ‘We never had a fear of trying’

Jody Grunden, CPA, the co-founder and CEO of Summit CPA Group, isn’t afraid to fail — he says he’s done it many times over the years. The firm, now part of Anders CPAs + Advisors thanks to a 2022 merger, is an innovator in several aspects of client billing and payment, from getting away from paper checks to escaping the “rat race” of hourly billing. Grunden, the author of two books, explains on this episode of the Journal of Accountancy podcast some about Summit’s journey, why his co-founder at first was against a move to remote work, and why his approach to risk is more about developing a workaround than deciding to retreat.
1/26/202320 minutes, 14 seconds
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What’s the 411? Explaining Schedules K-2 and K-3

Consternation and chaos are two of the words used to describe some of the reactions to IRS updates related to Schedules K-2 and K-3. On this collaboration episode with the Tax Section Odyssey podcast, CPAs Tim Chan of KPMG and David Sites of Grant Thornton talk about the particulars with April Walker, CPA, CGMA, lead manager–Tax Practice & Ethics for AICPA & CIMA, together as the Association of International Certified Professional Accountants.
1/20/202328 minutes, 36 seconds
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Struggling actor to CPA firm owner: One leader’s unlikely path

Orumé Hays, CPA, CGMA, didn’t follow a traditional path to owning an accounting practice. From Africa to the Big Apple, she blazed a trail all her own. Raised in Nigeria, Hays moved to Miami with a college degree in sociology and anthropology and a budding career in modeling and acting. Her pursuit of Hollywood stardom peaked with appearances in the 1996 movie The Birdcage. She then discovered a new passion. Pursuing education and experience, she built her accounting career and launched her own firm in New York City.
1/19/202323 minutes, 33 seconds
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Taxpayer advocate Q&A: IRS backlogs, service calls, new leadership

On Wednesday, National Taxpayer Advocate Erin Collins delivered an annual report to Congress, saying that the IRS is in better shape than at this time a year ago. Now, to talk more about those issues and offer advice for taxpayers and tax practitioners, Collins is appearing on the Journal of Accountancy podcast. The interview was recorded Dec. 20.
1/12/202318 minutes, 26 seconds
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‘The apprenticeship guy’: CFO embraces program to bridge talent gap

In November, Paul Young, CPA, CGMA, senior executive vice president and CFO at Liberty Bank, was part of the formal recognition by the Department of Labor of the AICPA’s Registered Apprenticeship for Finance Business Partners program. His company has been an early adopter of the program, and he’s an advocate of its value. On this episode of the Journal of Accountancy podcast, Young speaks about the program, the questions he’s getting from other CFOs, and what he sees as the program’s future in addressing talent concerns.
1/10/202313 minutes, 8 seconds
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Hopes for 2023: Addressing change fatigue, making creative connections

Lindsay Stevenson, CPA, CGMA, chief transformation officer at the firm BPM, reflects on two recent conferences and shares thoughts on what might be next for remote work. The conversation also touches on her hopes for 2023, including the importance of addressing change fatigue and rebuilding relationships. Here are links to Stevenson’s previous appearances on the JofA podcast: “You Can’t Transform Without Missteps” in May 2022. “How to Keep Fear From Short-Circuiting Your Career” in June 2019.
1/5/202315 minutes, 43 seconds
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Future of Finance takeaways: Hopes for the workforce in 2023

When Jeannine K. Brown was a Journal of Accountancy podcast guest in September, she talked about the need for organizations to create a sense of psychological safety for employees. A few weeks back, after she had spoken at the Future of Finance Summit in Austin, Texas, Brown said that personal well-being and professional development were two vital activities that at times were neglected by people and organizations the past few years. Brown, the founder and CEO of Everyday Lead, hopes that neglect can be changed in the coming year, with employers taking the lead by showing they care about the lives and development of employees.
12/21/202213 minutes, 30 seconds
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Future of Finance takeaways: Talent, transformation, trust

With the pace of change accelerating on numerous fronts, finance leaders are aiming to stay ahead on trends such as hybrid work, lack of talent, and other issues. A group shared ideas and hopes for the future at the Future of Finance Summit last week in Austin, Texas, and this podcast episode summarizes the key thoughts that emerged from the event. The speakers in this episode are, in order: Shifra Kolsky, CPA, CGMA, the chief accounting officer and controller at Discover Financial Services; Barry Melancon, CPA, CGMA, the CEO of AICPA & CIMA, together as the Association of International Certified Professional Accountants; Kimberly Ellison-Taylor, CPA/CITP, CGMA, the founder of KET Solutions and a former AICPA chair; and Tom Hood, CPA/CITP, CGMA, AICPA & CIMA’s executive vice president–Business Engagement & Growth.
12/14/202222 minutes, 38 seconds
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The CPA’s guide to technology (and tech gifts)

Few people in the accounting space know more about technology than Inspector Gadget. Inspector Gadget? The cartoon character with the go-go arms from the 1980s? Good guess, but no. The man wearing the trench coat in this case is David Cieslak, CPA/CITP, CGMA, executive vice president and chief cloud officer for RKL eSolutions and a popular speaker whose Inspector Gadget session has been a highlight of accounting conferences for many years.
12/8/202224 minutes, 14 seconds
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Talent in 2023: What’s on the minds of company executives

Julia Lamm is a workforce transformation partner at PwC, and in her role she hears executives’ thoughts on strategies and their concerns related to talent management. Lamm joined the Journal of Accountancy podcast earlier this month to discuss recent PwC data related to talent — developing it, potentially reducing staff numbers, and more.
12/7/202217 minutes, 40 seconds
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Pockets of optimism — why there’s hope amidst ‘doom and gloom’

Sentiment about the economy, domestically and globally, is quite low in the quarterly Business & Industry Economic Outlook Survey. In fact, the last time there was this much pessimism among U.S. CPA decision-makers was 13 years ago, according to the data. This podcast episode takes a closer look at that sentiment, explores specific challenges, points out some signs that finance executives are optimistic for the future, and delves into the effect of all this uncertainty on company forecasting practices. Hear the analysis of longtime survey overseer Ken Witt, CPA, CGMA, associate director–Management Accounting Research and Development at AICPA & CIMA, together as the Association of International Certified Professional Accountants.
12/2/202212 minutes, 16 seconds
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How to make busy season fun (yes, fun)

If the words “busy season” start your stomach churning, Rabecca Eunis, CPA, knows how you feel. Starting her accounting career with her father’s firm, Eunis soon learned to hate the three-month grind to tax day. Her disdain grew so strong that it motivated her to launch her own firm — not to escape tax season but to find ways to make the experience less stressful and more fun.
11/29/202226 minutes, 3 seconds
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Remembering an enthusiastic CPA who challenged the status quo

Steve Player, a CPA with a passion for advancing the profession, recently died. Today, we pause to remember Player and the contributions he enthusiastically made to accounting. Player generously lent his expertise to numerous Journal of Accountancy and FM magazine projects over the years, and he was a regular speaker at conferences. He did all of that with an infectious fervor.
11/22/20227 minutes, 5 seconds
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Unearthing talent: Embracing the ‘era of professional apprentices’

About a year ago, the AICPA announced a new route to obtaining the Chartered Global Management Accountant designation. The path is an apprenticeship program that, earlier this week, welcomed the first three companies as official partners in the program. The Registered Apprenticeship for Finance Business Partners program was part of the festivities in Chicago at the kickoff of National Apprenticeship Week. Tom Hood, CPA/CITP, CGMA, executive vice president–Business Engagement & Growth at the AICPA, is the guest on this edition of the Journal of Accountancy podcast to talk more about the program and where it’s headed.
11/17/202213 minutes, 10 seconds
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Tax conference takeaways: IRS service, corporate minimum tax, and more

CPAs April Walker, Brandon Lagarde, and Kristin Esposito all attended last week’s AICPA & CIMA National Tax Conference in Washington. Walker is a lead manager in the AICPA Tax Section, and Esposito is a director on the Tax Policy & Advocacy Team. Lagarde, a Louisiana firm leader, is chair of the Tax Practice Management Committee. They each shared takeaways from the event and what practitioners can focus on in the future. “You get an insight into what impacts your practice and things that you don't even know impact your practice that you learn,” Lagarde said.
11/9/202216 minutes, 13 seconds
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IRS news, Roth conversion considerations, stopping elder financial abuse

This episode of the podcast summarizes recent news coverage in the Journal of Accountancy, along with an article on what to consider before converting a traditional IRA to a Roth IRA. The episode highlights articles in the November issue of the magazine flipbook. Content mentioned in the episode includes: Coverage of the AICPA & CIMA National Tax Conference: The sentiment of former IRS commissioners, along with one concern of National Taxpayer Advocate Erin Collins. Details on the growing tax gap, according to IRS data. NOCLAR: What CPAs in public practice and in business should know. What to think about before converting a traditional IRA to a Roth IRA. How CPAs can protect clients from elder financial abuse. The Last Word feature by Andrew Hunzicker, CPA. Technology Q&A articles about Excel’s Advanced Filter feature and comparing versions of a Word document.
11/3/20227 minutes, 34 seconds
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Q&A: The 2 most prevalent cyberthreats for CPA firms

Sarah Ference, CPA, is a risk control director at CNA, the underwriter of the AICPA's Professional Liability Insurance Program. She also is a co-author for the Journal of Accountancy’s monthly Professional Liability Spotlight column. In her current role, Ference advises firms of all sizes on how they can manage their professional liability risk.   In this episode, a collaboration with the Small Firm Philosophy podcast, Ference talks with Jeff Drew about what to look for in email, the danger of clicking on unfamiliar links, and more.
10/27/202218 minutes, 59 seconds
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IRS annual inflation adjustments, negotiating a job offer, and a quiz

Nine articles have been posted on journalofaccountancy.com since Oct. 13, which means there’s been a lot of recent news affecting the accounting profession. This episode focuses on several of those articles, which offer advice, a chance to test knowledge, and some key numbers when it comes to thinking about the 2023 tax year. Here is a list of article topics mentioned in the episode: IRS annual inflation adjustments. An AICPA letter seeking guidance on the corporate alternative minimum tax. A quiz on helping clients reduce cash-handling risks. Understanding the tax consequences of remote work. Advice for negotiating once you’ve received a job offer. Annual wage base and COLA announcement by the Social Security Administration. FASB moves toward standard for fair value accounting of cryptoassets. FASB seeks input on proposed new chapter for its Conceptual Framework.
10/20/20227 minutes, 9 seconds
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A closer look at proposed revisions to the AICPA tax standards

An exposure draft was issued recently by the AICPA for the Statements on Standards for Tax Services (SSTSs). April Walker, CPA, CGMA, lead manager on the AICPA's Tax Practice & Ethics team, talks with Henry Grzes, CPA, also a Tax Section lead manager, and Dave Holets, CPA, a partner in the Crowe National Tax Services Group and chairman of the SSTS Revision Task Force, about the details of the proposed changes, including what’s new in the proposals.
10/18/202222 minutes, 31 seconds
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Roth IRAs vs. 529 plans, job candidate questions, and an IRS extension

News coverage on the Journal of Accountancy site touched on numerous topics recently, from financial planning advice to questions interviewees can ask employers to updates from the IRS and SEC. This episode touches on all those topics, plus it has a clip from a recent AICPA & CIMA and CPA.com Town Hall Series discussion about the CPA pipeline.
10/13/202210 minutes, 20 seconds
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A pioneering CPA reflects on a 50-year journey

To celebrate National Hispanic Heritage Month, Gil Vasquez, CPA, the founder of the Association of Latino Professionals for America (ALPFA), joins the Journal of Accountancy podcast to discuss the history of ALPFA and how it has evolved over the years. The founder and managing partner of Vasquez & Company LLP talks about early struggles to land a job as a CPA and some of the work he has done serving on boards in Los Angeles. National Hispanic Heritage Month is Sept. 15 to Oct. 15.
10/7/202219 minutes, 55 seconds
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Guiding principles for today’s boards of directors

Change has been the one constant for companies since 2020, and the wave of new developments is challenging corporate boards to consider a fresh approach. The Future of the American Board, a new report from the National Association of Corporate Directors (NACD), offers a framework for boards looking for answers. Sue Cole, chair of the NACD, joins the Journal of Accountancy podcast to discuss how the NACD’s framework can be a resource for boards tasked with navigating an ever-changing corporate landscape.
10/4/202210 minutes, 49 seconds
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‘Own your narrative’ and other advice from a Starbucks executive

For Tiffany Willis, CPA, the role as vice president and head of investor relations at Starbucks is “an overwhelming honor.” She wasn’t always certain she would end up in such a role, and in reflecting on her life, she said that her proudest moment was “just never giving up.” Willis also explains how finance professionals can “own their narrative” and why it’s important to be open about goals and dreams.
9/29/202214 minutes, 13 seconds
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The importance of ‘boss moves’ when making your next career step

Jeannine K. Brown, CEO of a talent development consultancy, worked for 17 years as an accountant, so she rightfully refers to CPAs as “my people.” She is co-chair of the AICPA & CIMA Women’s Global Leadership Summit, an event scheduled for Nov. 8–10 in Miami, and she joined the Journal of Accountancy podcast to share a few highlights from the summit’s agenda, what “psychological safety” means, and why managers should me more focused on the question “How are you doing?” Brown, also an author and ENGAGE speaker, shared some insights about the financial aspects of subpar people management.
9/27/202215 minutes, 39 seconds
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What small firms need to know about succession and M&A

CPA firm partners looking to retire in the next few years need to make sure they have a succession plan in place as soon as possible. That’s one of the messages shared in the latest episode of the Journal of Accountancy podcast, produced in partnership with the AICPA Private Companies Practice Section’s Small Firm Philosophy podcast.
9/22/202226 minutes, 22 seconds
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A quick tour of student loan forgiveness, a quiz, and a letter to the IRS

This express podcast episode with transcript highlights recent Journal of Accountancy news coverage of student loan debt forgiveness, an AICPA letter requesting penalty relief from the IRS, and more. The article links mentioned in the episode are: Advice from a CPA financial planner related to student loan debt forgiveness. A quiz on SAS 145 and its new and revised terms, and the companion article about the standards. The specific requests in an AICPA letter to the IRS requesting penalty relief. The September issue of the Journal of Accountancy. A Tax Adviser article that mentions an NBA team.
9/15/20229 minutes, 16 seconds
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Why CFOs have confidence in the midst of difficult economic times

CFOs have “a rising confidence in their ability to manage through these challenging times,” according to Steve Gallucci, national managing partner for Deloitte’s U.S. CFO Program. He explains more about why finance chiefs are concerned and why they have a sense of hope in the face of an economic downturn in the latest episode of the Journal of Accountancy podcast. The conversation focuses on Deloitte’s third-quarter CFO Signals report, with data from mainly large, public companies in the United States.
9/8/202214 minutes, 15 seconds
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The ‘mixed bag’ of economic sentiment; recent IRS news; a PCAOB update

More than half of companies hope to add employees in the next year, but many of the CPA decision-makers at those organizations remain pessimistic about the U.S. economy. Those are a few of the key takeaways from the quarterly Business and Industry Economic Outlook Survey, which was released Thursday. Inflation is a top concern chosen by many of the respondents. Ken Witt, CPA, CGMA, associate technical director for Management Accounting Research and Development at the Association of International Certified Professional Accountants, explains some of the pain points and potential bright spots from the quarterly data.
9/1/20229 minutes, 9 seconds
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The payoffs of RPA for one accounting firm

Robotic process automation, or RPA, has been a buzzword in the accounting profession for several years. Despite that, many practitioners don’t have a great grasp of what RPA is and what it can do for accountants. Wesley Hartman has spent much of the past eight years developing RPA solutions for midsize firm Kirsch Kohn & Bridge, where he is director of technology. In this episode of the JofA podcast, produced in partnership with the Small Firm Philosophy podcast, Hartman shares how he has used RPA, how RPA can help accounting firms address key pain points, and why he and his firm are so bullish on the technology that they have launched an RPA startup. 
8/25/202226 minutes, 29 seconds
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The heavier lifting that technology can accomplish for CPAs

David Cieslak, CPA/CITP, CGMA, aka Inspector Gadget, has been following technology tools and trends for years. He took time recently to share thoughts on the Journal of Accountancy podcast, explaining how he got his nickname, the “evolutionary” vs. “revolutionary” approach he takes to analyzing technology breakthroughs year to year, and why automation should be embraced by finance professionals.
8/23/202215 minutes, 53 seconds
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A closer look at tax items in the Inflation Reduction Act

The Inflation Reduction Act includes several tax provisions, including a corporate minimum tax, a 1% excise tax on stock repurchase by corporations, and increased funding for IRS enforcement efforts.   Adam Schrom, CPA, director of product management at Bloomberg Tax, breaks down several aspects of the legislation and provides a history lesson in the process.  
8/18/202227 minutes, 49 seconds
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Feeling stuck or overwhelmed? Advice to help ‘calm the storm’

The COVID-19 pandemic led many CPAs and their employers to think deeply about mental health in ways they may not have before. Amber Setter, a former accountant and an International Coaching Federation-accredited professional certified coach, talks about signs someone may need to consider speaking with a professional about their mental health and what you can do if you notice these signs in someone else. She also gives advice on finding a mental health professional and suggests ways employers can foster staff’s well-being. Editor’s note: This conversation was published originally in June 2021.
8/16/202224 minutes, 26 seconds
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Advice for avoiding the data waterfall in presentations

Tom King, CPA, has worked in corporate America and now is a professor of accounting at Case Western Reserve University. He wrote the book The Numerate Leader in part to help professionals better approach how they share data. If the right data is presented the right way, audiences won’t simply nod their heads or completely tune out. King shares advice for how to get more “wow” and fewer yawns in this episode of the Journal of Accountancy podcast.
8/9/202215 minutes, 15 seconds
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Why CPAs focused on the ‘core’ shouldn’t forget about exploring the ‘edge’

Pascal Finette, an entrepreneur, consultant, and keynote speaker, shares innovation lessons from interviews with other leaders, a story about how Pepsi set up a direct-to-consumer business, and why those fortunate enough to work remotely can develop a routine that leads to better quality of life.
8/4/202224 minutes, 9 seconds
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Why growing knowledge is more important than proving knowledge

Drew Niehaus, CPA, focuses on accounting advisory services and governance, risk, and compliance in his role as managing director of a firm in Texas. He shares knowledge on those and other topics in this episode of the Journal of Accountancy podcast, including where organizations should start with risk management practices, the most significant new accounting standards, and why he advises new accountants, “You’re not expected to know everything.”
7/28/202218 minutes, 10 seconds
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The 411 from Tom Hood on the future of finance

The role shift of the finance function was accelerated by the pandemic, and CFOs and controllers continue to adapt to provide value for their organizations. Few people have more insight on that topic than Tom Hood, CPA/CITP, CGMA, executive vice president–Business Engagement & Growth for the Association of International Certified Professional Accountants, representing AICPA & CIMA. Hood is a featured speaker on a skills-focused webinar on Thursday about the Finance Leadership Program. He also leads a group of finance executives from large organizations, and he shared insights from that group — and what it will emphasize in the future — in this podcast conversation. More information can be found on the following topics mentioned: A registration link for the webinar on Thursday. The Registered Apprenticeship for Finance Business Partners
7/27/202213 minutes, 7 seconds
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Breaking down the top issues facing CPA firms

IRS service issues are a top concern for firms small and large, according to results of the 2022 AICPA Private Companies Practice Section (PCPS) CPA Firm Top Issues Survey. But those service issues are not the only concern. Lisa Simpson, CPA, CGMA, AICPA vice president–Firm Services, and Carl Peterson, CPA, CGMA, vice president–Small Firm Interests, take a closer look at the issues and what those issues will mean for firms going forward.
7/21/202219 minutes, 32 seconds
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2024 CPA Exam Blueprints: The trends driving proposed changes

Today’s CPA devotes time and energy to focus on areas not even in existence a generation ago. As a result of technology and other changes in business, there is a need for updated testing of the skills needed to become a licensed CPA. Lori Kelly, CPA, lead manager–Exam Content for the AICPA, explains how the 2024 CPA Exam, based on proposed Blueprints, will look; why the changes are being proposed; and why feedback between now and Sept. 30 is vital. Also, here are three links to related resources: The CPA Evolution site. The 2024 CPA Exam exposure draft. Journal of Accountancy coverage of the release of the CPA Exam Blueprints.
7/19/202217 minutes, 25 seconds
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A suitably summer story: One CPA’s travel quest

Tim Keefe, CPA, CGMA, is continuing a family tradition in the profession. His grandfather, father, and two siblings have been accountants. Keefe has worked in several industries over the course of his career, and he found value in the mentorship of several people along the way. Keefe is curious by nature, and he likes to see new places. That’s one reason he’s in the middle of traveling to every U.S. state, where he’s trying to see a professional sporting event in each. He’s also hoping to visit all the current Major League Baseball stadiums. Keefe, the subject of the Journal of Accountancy June issue’s Last Word feature, shared highlights of recent travels, why he thinks listening is so important, and more. Also, get a summary of recent IRS news coverage by Paul Bonner on two topics: A report that shows delayed screening of IRS new hires put taxpayer data at risk A letter from the AICPA that calls for further measures to address the IRS backlog.
7/14/202219 minutes, 9 seconds
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The state of risk oversight: Why structure but also agility matter

Risk management came to the forefront for many organizations during the Great Recession. Now, in the midst of the Great Resignation and other highly disruptive events, risk management continues to be vital. An annual report on the state of risk oversight takes a closer look into where organizations stand and what they can learn about their own gaps. Mark Beasley, CPA, Ph.D., a professor at North Carolina State University and director of the school’s ERM Initiative, explains more in the latest episode of the Journal of Accountancy podcast. Click here for the report’s most recent edition, and for more resources, visit this page.
7/12/202216 minutes, 9 seconds
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From the archives: How purpose can play a bigger role in business

Harvard Business School professor and author Ranjay Gulati says that sentiment is growing among business leaders that companies have a larger role to play than simply providing shareholder value. This episode is a rebroadcast of Gulati’s appearance on the FM podcast to discuss that topic and others highlighted in his recent book, Deep Purpose: The Heart and Soul of High-Performance Companies.
6/30/202220 minutes, 10 seconds
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From the archives: Lessons learned after a multibillion-dollar fraud

Aaron Beam became a millionaire in the 1980s as a corporate CFO, but his story is a cautionary tale. In this episode of the podcast, Beam discusses his tenure at HealthSouth, the fraud that occurred, and the advice he has for students and leaders to avoid repeating his mistakes.
6/28/202220 minutes, 1 second
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How the Great Resignation has affected the accounting profession

In her role at the International Federation of Accountants (IFAC), Kristy Illuzzi, CPA, CGMA, works with small and midsize entities, including CPA firms. Her conversations with those organizations around the world have brought to the surface some of the ways in which the Great Resignation is affecting the accounting profession. In this episode, Illuzzi offers advice for organizations on flexibility, technology, and more. Also, catch up on news related to these topics: A PCAOB release on amended standards that apply to audits involving multiple firms. The Supreme Court agreeing to hear a case related to an FBAR penalty dispute. An IRS announcement about the use of voice bots for setting up tax payment plans.
6/24/202215 minutes, 37 seconds
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A conversation with new AICPA Chair Anoop Natwar Mehta

For Anoop Natwar Mehta, CPA, CGMA, the path to becoming chair of the AICPA board of directors might not seem traditional. First, he hasn’t worked for a public accounting firm. Second, he’s been with one company for just about all of his professional life. Mehta joined profession leaders for a discussion at AICPA & CIMA ENGAGE 2022, and this episode is a rebroadcast of that conversation from the Town Hall Series.
6/21/202218 minutes, 22 seconds
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‘What of this should I bring back to my people?’: Highlights from ENGAGE

AICPA & CIMA ENGAGE 22 emcee Jill Schlesinger, a CBS News business analyst, reviews some of the top moments from the event last week in Las Vegas. Schlesinger had conversations with keynote speakers and CPA profession leaders and has memories and knowledge to share from several of those conversations. Journal of Accountancy content mentioned in this episode: A previous JofA podcast episode with ENGAGE keynote Carla Harris. Coverage of the keynote session with Schlesinger and former Duke University men’s basketball coach Mike Krzyzewski. A survey showing a rise in spending on Sarbanes-Oxley compliance. The IRS announcement about a midyear increase to the standard mileage rate. Small business owners discuss post-Wayfair burdens with the Senate Finance Committee.
6/16/202214 minutes, 57 seconds
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Tax update: S elections, PTE, and Sec. 1202

Fellow tax podcaster Damien R. Martin, CPA, (Simply Tax) perhaps put it best on Twitter: “No one can rap 1202 like Master Nitti.” Martin was referring, of course, to IRC Sec. 1202, the exclusion for gain from certain small business stock, and one of its foremost interpreters, Tony Nitti, CPA, as Nitti spoke about Sec. 1202 and other selected business tax topics at AICPA & CIMA’s ENGAGE 22 conference in Las Vegas. We were extremely fortunate that Nitti generously shared a bit of his mastery on Sec. 1202, S corporations, and state passthrough entity (PTE) tax elections, in this podcast recorded June 8, a day before his ENGAGE presentation.
6/15/202227 minutes, 13 seconds
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How to build your ‘performance currency’ and how to avoid the ‘Dirty Dozen’

Carla Harris is an author, speaker, and executive with Morgan Stanley, and she was one of the keynote speakers at AICPA & CIMA ENGAGE 2022. In this episode, she explains the terms “powerful presence” and “performance currency” and gives advice for those seeking a career shakeup. Also, several news articles are referenced, including the ongoing release of the IRS’s “Dirty Dozen” tax scams: part 1 on abusive CRATs and Maltese IRAs and part 2 on tax refund theft and fake charity appeals. Coverage of those scams continues on journalofaccountancy.com/news. The episode also mentions JofA coverage of a keynote session featuring former Duke University men’s basketball coach Mike Krzyzewski and the release of the PCPS Top Issues Survey.
6/9/202211 minutes, 14 seconds
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Tips for firms implementing quality management standards

The AICPA Auditing Standards Board (ASB) voted in May to approve new quality management standards. In this episode, Sara Lord, CPA, the chair of the ASB, explains more about what those standards will mean for firms going forward and what changes they will need to consider.   To learn more, visit the AICPA’s resource page on quality management. The AICPA has also developed a four-part webinar series to guide practitioners on the changes.
6/7/202211 minutes, 24 seconds
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5 trends driving the importance of understanding ESG

On May 24 in New York, the AICPA and CPA.com hosted the inaugural ESG Symposium, bringing together a group of accounting leaders, investors, standard setters, and others to exchange ideas and perspectives on environmental, social, and governance (ESG) issues. One presenter and a leader in the ESG field is Ami Beers, CPA, CGMA, senior director–Assurance and Advisory Innovation at the AICPA. In the episode, Beers explains the reasons for increased focus on ESG, what she took away from the symposium, and what’s coming next. She mentions several resources that can be found online. One good place to start is the AICPA’s ESG-focused resource page.
6/2/202216 minutes, 11 seconds
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An interest in flight, a path to CFO: ‘All about determination’

J’Maine Chubb, CPA, CGMA, studied avionics in high school and also took an interest in a law career. He followed a familial career path, however, becoming an accountant, and he discusses some of that journey in this episode of the Journal of Accountancy podcast. Chubb, now the CFO at TravelWifi, was previously CFO of the Houston Airport System, where he worked for almost six years. Read more about Chubb in the JofA’s Last Word feature from the May issue.
5/31/202216 minutes, 12 seconds
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‘You can’t transform without missteps’: A CPA leader’s career advice

About three years ago on the Journal of Accountancy podcast, Lindsay Stevenson, CPA, CGMA, spoke about how to get over fearful moments in our careers. That topic is revisited in this episode, a follow-up conversation with Stevenson, now the chair of the AICPA Women’s Initiatives Executive Committee. Stevenson talks about CPAs and their comfort zones and discusses some of the key points in her career journey. Also, get a summary of recent Journal of Accountancy coverage of a report on the IRS’s calculation of recovery rebate credit eligibility.
5/26/202217 minutes, 38 seconds
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Reevaluate metrics in pursuit of innovation

Amy Radin, the author of The Change Maker’s Playbook: How to Seek, Seed and Scale Innovation in Any Company, serves on the board of directors for the Association of International Certified Professional Accountants. She wrote for FM magazine on how CFOs can enable innovation in late 2020. And, in early 2021, Radin was a guest on the FM podcast to discuss establishing innovation metrics. Innovation and metrics are the topic for this episode, in which Radin talks about how innovation principles can play a role in an organization’s financial planning and analysis (FP&A) functions. In two weeks at AICPA & CIMA ENGAGE 22, Radin is co-presenting with Tom Hood, CPA/CITP, CGMA, executive vice president–Business Engagement and Growth for the Association of International Certified Professional Accountants.
5/24/202215 minutes, 19 seconds
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Burnout’s telltale signs and how leaders can better understand them

Burnout at work was a concern even before the COVID-19 pandemic quickly left so many people isolated. The components of burnout are heightened now, according to author Britt Andreatta, Ph.D., in a December interview. In this episode of the Journal of Accountancy podcast, you can hear more about burnout and how it can affect overall mental health. Stefan van Duyvendijk, Accounting Operations Evangelist with FloQast, shares data about burnout among accountants, explains why some of us struggle to see the signs of burnout, and offers advice for managers.
5/19/202214 minutes, 17 seconds
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Why a busy-season debrief has value, and why it’s not just for tax teams

How soon is too soon to have a debrief after busy season? And what should be the goal of such a debrief? Those topics are addressed in a special crossover episode with the AICPA Town Hall series. Hear three CPAs discuss the topic, how it’s applicable to more than tax season, and how firm leaders of different sizes approach the debrief. The full Town Hall episode is here, and the speakers in this segment are: Lisa Simpson, CPA, CGMA, vice president–Firm Services at the Association of International Certified Professional Accountants; Brandon Lagarde, CPA, director of the Tax Services Group at Postlethwaite & Netterville; and Brent Forbush, CPA, CGMA, managing partner of Forbush & Associates. The conversation is a follow-up to an article Lagarde and Forbush co-authored in early 2020 in The Tax Adviser. Also, learn about the IRS response to a TIGTA report that noted the IRS destroyed millions of unprocessed information returns.
5/17/202223 minutes
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A finance transformation case study, plus a news roundup

This episode of the podcast focuses on a busy week in news and a story of finance transformation in action. Janis Parthun, CPA, and Steve McKechnie, leaders in RGP’s finance transformation practice, explain how a recent client engagement led to efficiencies for the client, a global food and beverage company, and lessons learned for RGP. Also, here are links to Journal of Accountancy articles mentioned in the news roundup: S. sanctions that include a ban on providing accounting and management consulting services to Russia. A TIGTA report on e-filing and the IRS. Puerto Rico residents get guidance on claiming the child tax credit. TQAs provide guidance on auditor reporting.
5/12/202219 minutes, 43 seconds
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Helping build a better tax system

Because of their training and experience, CPAs are rightly considered the foremost providers of tax services to taxpayers. Some CPAs also serve the taxpaying public at large — with appreciation for Congress’s task to enact equitable tax laws and the IRS’s job to diligently and fairly administer them — by recommending improvements to both. They can do so in many ways, but in this episode, we’ll explore two paths: the AICPA’s volunteer tax committees and a council directly advising the IRS’s top leadership — from the experience of a longtime trailblazer, Jeff Porter, CPA.
5/10/202222 minutes, 51 seconds
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CPA tech talk: When it comes to transformation, where do you start?

Donny Shimamoto, CPA/CITP, CGMA, is one of two accounting firm leaders presenting at AICPA & CIMA ENGAGE on where to begin when it comes to starting a technology-focused advisory practice. Client advisory services (CAS) are a growing opportunity for firms, so the presentation by Shimamoto and Liz Mason, CPA, is timely. In this episode, Shimamoto takes a look back — at how firms and CPAs in general worked to integrate technology — and a look ahead — to what advisory services could look like in the future.
5/5/202215 minutes, 1 second
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Mental health matters: How asking the right questions can help

May is Mental Health Awareness Month, and it’s the focus of this episode of the Journal of Accountancy podcast. Kari Hipsak, CPA, CGMA, senior manager–Firm Services at the AICPA, explains why mental health matters to her and shares advice for how managers and organizations can better promote mental health of their staff. Several resources are mentioned in the episode: Hipsak’s interview about mental health on the What’s Your “And”? PCPS mental health resources. A recent Journal of Accountancy article on companies expecting to increase pay for employees.
5/3/202220 minutes, 28 seconds
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What CPAs should know, and ask, about NFTs

Sean Stein Smith, CPA, CGMA, DBA, is speaking June 7 at AICPA & CIMA ENGAGE on the blockchain ecosystem. Nonfungible tokens (NFTs) are a part of that ecosystem. In this podcast episode, Stein Smith explains what NFTs are and aren’t, how baseball cards or other physical items can be “tokenized,” and more. Also, get an update on two recent IRS items, related to estate and gift tax proposed changes and the public input sought on prioritization of tax issues. Resources Here are three recent JofA articles about NFTs: NFTs Come With Big Valuation Challenges Tax Consequences of NFTs How NFTs Work and Where They Get Their Value
4/28/202216 minutes, 58 seconds
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Hard at times but also rewarding: A CPA’s career leap to India

Sandi Matthews, CPA, CGMA, was ready for a new adventure when she was hired in 2018 as an accounting manager for not-for-profit Khan Academy. It was not just a new job she accepted — it was a role in a faraway location. Matthews helped to establish Khan Academy’s subsidiary in India in its early days. She’s now head of finance, and in this podcast episode, Matthews discusses the barriers she faced moving from North Carolina to New Delhi, advice for others considering an international assignment, and why she recommends visiting a new country as a resident instead of as a tourist.
4/26/202220 minutes, 44 seconds
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The invaluable sounding board: Learning from other CFOs

Denise Dettingmeijer, CFO of Randstad North America, is part of a panel discussion at AICPA & CIMA ENGAGE in June in Las Vegas. In this podcast episode, she previews the theme of that session and explains why having fellow CFOs “along the same part of the journey” is helpful. Dettingmeijer also shares advice on how professionals can get the most out of attending a conference. Also, here are links to other JofA coverage mentioned in the episode: Paul Bonner’s coverage of progress reported in Treasury’s equity action plan. Brannon Poe, CPA, on why converting to the cloud has advantages related to a firm’s exit strategy.
4/21/202213 minutes, 38 seconds
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ENGAGE emcee: Why inflation could cause retirement U-turns

Jill Schlesinger, a CBS News business analyst, author, and podcast host, built her brand as a purveyor of financial advice in part through radio call-in shows. She’s a seasoned speaker on all things money and the guest on this episode of the Journal of Accountancy podcast. Schlesinger is slated to be an emcee at AICPA & CIMA ENGAGE in June in Las Vegas, where she looks forward to hearing more about how accounting and finance professionals are adapting to “accelerants” related to the economy and office work. Schlesinger also explains more about how inflation may keep some people working or send some retirees back to work.
4/19/202213 minutes, 19 seconds
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The power of belief — and how it differs from arrogance

“If anybody wants to accomplish anything, at some point, they have to believe it’s possible.” Those are the words of this episode’s guest, mental performance coach Chris Palmer. He discusses why belief is important, how it can be confused at times with arrogance, and why growing a sense of belief in ourselves can be done. Also, get an update on several IRS-related issues, including an update to Schedule K-2 and Schedule K-3 FAQs and news of a Government Accountability Office report on the 2021 tax filing season.  
4/14/202214 minutes, 34 seconds
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The value of asking the question, ‘What brings you joy?’

John Garrett is rarely at a loss for words. A former CPA turned stand-up comic, Garrett these days is a speaker, podcast host, and author, and he’s a repeat guest on the Journal of Accountancy podcast for good reason. This episode puts a 2022 spin on two previous discussion topics: advice for presenting to groups and the tie-in between outside passions and work. And make sure to listen to Garrett’s wardrobe story before packing for that in-person work meeting or conference. Also, hear a summary of news from the IRS commissioner’s testimony at a Senate Finance Committee hearing.
4/12/202213 minutes, 50 seconds
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CPA Q&A: Parenthood in the pandemic and finance purpose statements

Floyd Amuchie, CPA, has been the corporate controller at Virgin Galactic, the space travel company, for about a year. In this episode, Amuchie discusses his early fascination with astronomy, why the phrase “lift as you climb” is meaningful to him, what parenting a newborn was like during the pandemic, and why “invest” is part of his career advice to aspiring CPAs. Also, hear a summary of two recent news items related to the IRS: The IRS has eased the application process for U.S. residency certification. The IRS issued proposed regulations that would revise the premium tax credit’s affordability test.
4/7/202217 minutes
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Co-creating the future of finance: A leadership group’s quest

CFOs and other finance leaders “are all on the same quest” to transform finance into more of a value partner, according to Tom Hood, CPA/CITP, CGMA, executive vice president–Business Engagement and Growth for the Association of International Certified Professional Accountants. Hood’s 2021 conversations with finance leaders led to the formation of the Future of Finance Leadership Advisory Group, which continues to grow in numbers and share knowledge about what it will take to upskill its talent and transform the finance function. In this podcast episode, Hood shares insights coming from the group’s recent virtual meeting and explains the vision for 2025 and beyond.
4/5/202211 minutes, 55 seconds
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FP&A: A new niche — and an expanded definition

Chris Ortega is speaking on multiple topics at AICPA & CIMA ENGAGE in June. One topic is a guide for CFOs on people and process optimization. Ortega, CEO of the consulting firm Fresh FP&A and a regular speaker at financial planning and analysis events, delves into the critical role CFOs played at the start of the pandemic and why he says FP&A practices are evolving. Also, hear his advice about vulnerability and taking chances and more. Plus, get a summary of recent JofA news coverage on these topics: What companies are doing to recruit and retain employees. A closer look at how “SECURE 2.0” would expand retirement savings options. The obstacles faced by the Biden administration’s proposed billionaire minimum tax. New SEC rules proposed to help investors better understand SPACs.
3/31/202225 minutes, 16 seconds
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Audit transformation: Automation is one small step in the journey

Transformation of the audit goes beyond simply automating rote tasks, as Amy Pawlicki, vice president–Assurance and Advisory Innovation at the Association of International Certified Professional Accountants, explains in this episode.   She details some of the ways that audits can be more data driven while still complying with standards. The interview with Pawlicki is part four of a series on audit evolution in action. Here are links to the previous three parts: An introduction to the topic, including the key drivers of the transformation. A closer look at audit data analytics with two firm leaders. The importance of “digital mindset” in audit transformation.
3/29/202218 minutes, 47 seconds
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New strategies to grow the profession’s pipeline

In the midst of the Great Resignation, organizations need continued vigilance when it comes to recruiting job candidates. As it relates to the hiring of CPAs, this episode touches on advice and a new program that can help businesses cast a wider net for talent. Beth Berk, CPA, CGMA, writes in a recent Journal of Accountancy article that “hiring professionals need to go about their recruiting efforts differently than they did in years past.” The article offers reminders and strategies for identifying accounting candidates. And, there’s a new program that can help organizations get a head start on linking up with candidates. Joanne Fiore, an AICPA & CIMA vice president, explains the benefits of the Registered Apprenticeship for Finance Business Partners program, an effort recently approved by the U.S. Department of Labor.
3/24/202211 minutes, 28 seconds
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Advice for building strong personal connections in a hybrid world

Steven Harris was not always the outgoing firm leader he is today. Harris, the subject of The Last Word in the March issue of the Journal of Accountancy, said he struggled to connect with other professionals early in his career, but once he learned to be vulnerable and to listen, he was able to form strong bonds. Harris calls that connection breakthrough “magical.” He shares advice on emphasizing collaboration in a hybrid work environment and discusses the talent development tie-in to bringing work back into the office. Harris also explained his affinity for OneNote and the movie The Godfather.
3/22/202217 minutes, 53 seconds
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Not-for-profit audits in a remote world, plus IRS news

A rapid shift to auditing remotely was especially challenging for CPAs who audited not-for-profit entities. Those NFPs might not have had top-of-the-line technology when the COVID-19 pandemic changed so much about the world two years ago, including the ability of auditors to visit client sites. To learn more about the state of remote auditing of NFPs, hear insight from accounting firm principals Kelly Rancourt, CPA, and Deetra Watson, CPA, CGMA. Rancourt works for Clark Nuber, a firm in the Seattle area, and Watson is employed by the North Carolina firm Blackman & Sloop.
3/17/202213 minutes, 33 seconds
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Grappling with Schedules K-2 and K-3

K-2 — isn’t that a mountain? K2 is, but to tax professionals and with the hyphen, it’s Partners’ Distributive Share Items — International (and, for S corporations, a similar form), the new schedule filed with the returns of passthrough entities with “items of international tax relevance” and partners in foreign partnerships. Along with its “twin peak” of Schedule K-3, Partner’s [or Shareholder’s] Share of Income, Deductions, Credits, etc. — International, these formidable forms have been much discussed by CPAs and other tax practitioners lately. Here to help us better understand them is John Samtoy, CPA, who has written about Schedules K-2 and K-3 for the Tax Insider newsletter recently.
3/16/202218 minutes, 11 seconds
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Recruiting, flexible working, and tax season issues for small firms

Some issues facing small CPA firms are the same as those facing large firms or other organizations — talent retention, change management, and more. But there are some issues that are specific to small firms, and potentially more acute, as explained in this Journal of Accountancy podcast episode with Carl Peterson, CPA, CGMA, the AICPA’s vice president–Small Firm Interests.   Also, learn about recent JofA coverage of criticism of the updated Form 1099-K reporting threshold.
3/15/202213 minutes, 15 seconds
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The power of technology to change how CPAs think about value

Amy Vetter, CPA/CITP, CGMA, wrote in 2021 that advanced technology for CPA firms was no longer a nice-to-have option; it’s a requirement. Vetter shared more about the future of tech-enabled CPA work in this podcast episode.   In addition to looking forward, she also looked back — all the way to the 1930s, telling a story about her grandfather’s time as a CPA and some of what she learned about him through one simple email.
3/10/202218 minutes, 32 seconds
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How to make sure your organization is empowering women

Tuesday, March 8, is International Women’s Day. To celebrate the day, the guest on this podcast episode is Kimberly Ellison-Taylor, CPA, CGMA, the founder and CEO of KET Solutions and a former AICPA board chair. Ellison-Taylor has seen gains for women in public accounting partnerships, and in business and industry, but she stresses that more work must be done. Ellison-Taylor also explains how women can be self-advocates, how organizations can provide opportunities for advancement, and why she disagrees with a colleague’s notion that she is a “legend.”
3/8/202215 minutes, 49 seconds
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The reasons for positive economic sentiment — and why that could change

CPA decision-makers in business and industry in the United States maintained an overall positive outlook for their organizations, but plenty of factors could sour that sentiment quickly. Hear or read the analysis of Bob Sannerud, CPA, CGMA, a CFO in the Midwest, and Ken Witt, CPA, CGMA, an associate director from the Association of International Certified Professional Accountants, representing AICPA & CIMA. They discuss the reasons for optimism and pessimism in the Business and Industry Economic Outlook Survey and some of the challenges facing business in the year ahead.
3/3/202210 minutes, 14 seconds
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PowerPoint rules to live by

How many slides should be in a PowerPoint presentation? What are some steps to ensure your presentation has a consistent format? Byron Patrick, CPA/CITP, CGMA, has answers to these questions. He’s one of the Journal of Accountancy’s Technology Q&A authors, the general manager at Botkeeper, and someone always looking to improve presentation skills. In this podcast episode, Patrick expands on some of his advanced PowerPoint tips from the November issue of the JofA and discusses ways to avoid common PowerPoint mistakes.
3/1/202213 minutes, 21 seconds
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The value of clear, concise written communication

Robin Thieme, CPA/CITP, CGMA, the CEO and founder of KBS CFO, was consulting remotely well before she was forced to do so by the COVID-19 pandemic, so communicating with clients who were not in the same room was familiar. Still, the changes society and business experienced in early 2020 forced her to learn new skills and alter her communication style and strategy. In this episode, she shares advice on the value of written communication, why it’s important to continue developing virtual presentation skills, and more.
2/24/202217 minutes, 16 seconds
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Firm ownership can be intimidating; here’s how to overcome those fears

In the February edition of The Last Word, Ozlem Davis, CPA/CFF, alluded to some aspects of firm ownership as being “scary.” In this podcast episode, she explains more about why she had those fears, how she has overcome them, and how she escapes the pressure of work.
2/22/202219 minutes, 11 seconds
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Gratitude: How a helping hand can spark a great career

Calvin Harris, CPA, senior vice president of finance and CFO of the National Urban League, says he would not be in the position he is in today without the help of numerous mentors. In Part 1 of the conversation, Harris explained why donations at the National Urban League increased in 2020 and what the organization did with that revenue. In Part 2, hear more about the role mentors have played in his career, how he mentors finance professionals, and why diversity initiatives should go beyond press releases during Black History Month. Also, hear more about Journal of Accountancy articles on IRS updates related to K-2 and K-3 reporting requirements and instructions for reporting on cryptoassets.
2/17/202217 minutes, 32 seconds
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The value of ‘connection to the mission’ for one not-for-profit CFO

Calvin Harris, CPA, the CFO of the National Urban League, is the Journal of Accountancy podcast guest for a two-part conversation this week. In this first part, Harris explains why the National Urban League was well positioned to receive an increase in donations at the onset of the COVID-19 pandemic in 2020, what the organization did with that revenue, and how he approaches retention and development of employees. Also, get caught up on recent JofA coverage of not-for-profits’ focus on technology investment and learn more about research showing why CFOs “should learn to let go.”
2/15/202210 minutes, 31 seconds
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IRS service issues: What a coalition of tax pros seeks to change

Tax season is well underway, and the AICPA is part of a coalition asking for the IRS to make tax filing go smoother. The coalition has made recommendations to improve IRS service issues, and in this episode those recommendations are detailed by Melanie Lauridsen, the AICPA’s senior manager for Tax Policy & Advocacy. Also, get a summary of recent news coverage on IRS service challenges and the IRS reversing course on the use of facial recognition.
2/10/202211 minutes, 40 seconds
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What CAS practice leaders should focus on in 2022 and beyond

“We have to focus on culture,” says Jennifer Wilson, partner and co-founder of Convergence Coaching LLC. She’s talking about firm leaders and how they can better position themselves to take advantage of the growing opportunities related to client advisory service (CAS) offerings. Also, get article overviews on the following news items: A new process for appealing partial PPP loan forgiveness An announcement on IRS staff reassignments. Government warnings about potential cyberattacks. Comments sought by the AICPA Auditing Standards Board on a proposal related to compliance audits. An update from the AICPA Peer Review Board on clarified standards.
2/8/202213 minutes, 37 seconds
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A blockchain glossary, the CPA firm of the future, and Excel malware

Two CPAs are featured in this episode, which also highlights news of a rapid rise in malware attacks related to Microsoft Excel add-ins. First, Di Krupica, CPA, CGMA, of the Association of International Certified Professional Accountants, discusses the creation of the Blockchain Universal Glossary. Next, Mark Koziel, CPA, CGMA, the CEO of Allinial Global, shares some of the ways CPA firms can integrate with technology, how business models and firm structure might change, and more.
2/3/202219 minutes, 6 seconds
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The 3 components of burnout, and why they are heightened now

As humans, “we are wired to see change as a warning sign of danger,” says Britt Andreatta, Ph.D. Andreatta is the author of Wired to Resist and other books, and she is a speaker and consultant to a wide variety of organizations. She was a featured speaker at the Future of Finance Summit, a meeting of finance executives, in December. With all the change and uncertainty people have faced because of the COVID-19 pandemic, employees are, to use another Andreatta description, “crispy.” In this podcast episode, she explains why change is difficult and why now is the time for leaders to spend even more time focusing on employee well-being.
2/1/202214 minutes, 52 seconds
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Sales tax: Nearly 4 years after Wayfair, what’s on the horizon

Sales tax compliance is complicated and ever-changing. Diane Yetter, CPA, the president of Yetter Tax and the Sales Tax Institute, shares knowledge on the current landscape related to several sales tax topics. Hear or read the discussion on compliance since Wayfair, how some states are supplying resources to automate sales tax compliance, and advice for remote sellers when considering sales tax risks.   Also, hear more about the AICPA’s role in pointing out taxpayer frustration to the IRS, more on IRS procedures for employee status determinations, and audit committee members’ opinions on audit quality.
1/27/202229 minutes, 3 seconds
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What one CPA calls ‘the best job in the world’

Nancy Bagranoff, CPA, DBA, didn’t think she was going to become an accountant. But a General Electric training program opened doors for her, and she learned that she was well suited to the CPA profession. These days, Bagranoff passes on accounting lessons as a university professor.   Plus, learn some of the highlights of the January issue of the JofA: an overview of the annual tax filing season quick guide, knowing when and how to raise fees at your firm, and tech-based tips to improve expense reporting.
1/25/20229 minutes, 8 seconds
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Grow yourself, others, and the business: Q&A with a Nike leader

Favorite books, a craving for constant change, and building a finance “powerhouse” — all of those topics and more are part of this interview with Tanner Johnson, CPA, CGMA, vice president–Global Finance Operations at Nike. Johnson explains how his upbringing shaped him, what the phrase “there is no finish line” means to him, and how he manages a remote team. The episode is a continuation of a series of interviews from finance leaders who attended the Future of Finance Summit in December in Nashville, Tenn.
1/20/202221 minutes, 8 seconds
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Developing empathy and why it’s OK not to have all the answers

Ginnie Carlier, CPA, EY’s Americas vice chair for Talent, says that leadership’s focus has expanded beyond four walls and into being understanding of employees’ work and home lives. In this podcast episode, hear her thoughts on developing empathy, the importance of “office hours,” and why a focus on well-being is growing in importance.
1/18/202216 minutes, 3 seconds
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The difference between managing change and change management

One key to implementing change initiatives is understanding the why and what problem you’re trying to solve, according to Jennifer Elder, CPA/CFF, CGMA. Another component, Elder says, is having a way to measure a change initiative’s success. In this podcast episode recorded in Nashville, Tenn., Elder offers advice on the best approach to implementing change and comments on some of the ways organizations’ change initiatives can go awry. Also, get up to date on news coverage of what’s new in federal taxes for 2022, what the IRS says about digital returns and filing dates and why tax season could be frustrating. And hear a summary of a recent GASB announcement regarding going concern standards.
1/13/202215 minutes, 11 seconds
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The CPA profession’s ‘really interesting inflection point’

Pascal Finette, an entrepreneur and consultant, recently spoke at the Digital CPA Conference and the Future of Finance Summit in Nashville, Tenn. In this podcast conversation with the JofA’s Neil Amato, Finette shared innovation lessons from interviews with other leaders, a story about how Pepsi quickly set up a direct-to-consumer business, and why those fortunate enough to be able to work remotely can develop a routine that leads to better quality of life.
1/11/202224 minutes, 18 seconds
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Why a CFO needs to wear two hats

James Miln, ACMA, CGMA, a finance executive at Yelp, identified several key takeaways from the recent Future of Finance Summit in Nashville, Tenn., which featured a collection of executives and outside experts discussing the ongoing transformation of the finance function. One point that was clear to Miln as it relates to transformation: “We’re all eyes wide open this is a journey, and it is hard.” His voice is one of several from the Future of Finance Summit and the Digital CPA Conference that you will hear in 2022 episodes of the podcast, which will continue to cover accounting news and trends and highlight Journal of Accountancy content, such as new FASB accounting concept statements and single audit clarity related to pandemic relief programs.
1/6/202214 minutes, 29 seconds
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A PPP loan forgiveness update and one CPA’s 2021 reflection

This is the Journal of Accountancy podcast’s last episode of 2021. The guests in this episode are Lisa Simpson, CPA, CGMA, vice president–Firm Services at the Association of International Certified Professional Accountants, and Floyd Amuchie, CPA, the corporate controller at Virgin Galactic. Simpson provides an update on the status of several business relief programs and a look ahead to 2022 areas of focus for the AICPA Town Hall Series. Amuchie, who recently attended the Future of Finance Summit in Nashville, Tenn., shares a few lessons learned from the event (hear a previous JofA episode for more from Nashville). Also, get a quick preview of what the 2022 mileage rate will be for taxpayers to compute their deductible automobile costs.
12/21/202113 minutes, 13 seconds
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A junior-high dream realized: One CPA leader’s career path

December’s Last Word feature subject in the Journal of Accountancy is Amish Mehta, CPA, partner and nonprofit practice leader at the accounting firm Friedman LLP. Mehta explains why The Shawshank Redemption is his favorite movie, more about his path to becoming a CPA, and why it’s never too early to start networking. Also, hear a summary of recent analysis of the Senate Finance Committee’s Build Back Better text and more on the attributes of top-performing CPA firms.
12/16/202116 minutes, 32 seconds
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CPA leader takeaways: Listening, self-awareness, flipping the pyramid

A group of finance leaders took an inward focus at the recent Future of Finance Summit in Nashville, Tenn. They also explored their vision for the finance function out to 2030. The group focused on listening, self-awareness, and staff development, among other topics. This episode will be the first of several discussions from the summit, which brought together a range of corporate and not-for-profit executives. The guests in this episode, in order of appearance, are: Tom Hood, CPA/CITP, CGMA, executive vice president of business engagement and growth for the Association of International Certified Professional Accountants; Kimberly Ellison-Taylor, CPA, CGMA, former AICPA board chair and the founder of KET Solutions; John Griffin, CPA, CGMA, senior vice president and controller for AARP; Calvin Harris, CPA, senior vice president of finance and CFO of the National Urban League.
12/14/202118 minutes, 29 seconds
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Inflation and talent: 2 top headwinds facing business in 2022

New challenges are emerging for businesses in the United States and old challenges are persisting, according to finance decision-makers in a recent quarterly survey. Ken Witt, CPA, CGMA, and Mellissa Reed, CPA, explain some of the headwinds and also the reasons for optimism in the future.
12/10/202116 minutes, 54 seconds
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Digital assets: Auditing, accounting, and what’s next

Accounting for and auditing of digital assets is evolving quickly. This episode passes on guidance from a CPA leader on the topic. Amy Steele, CPA, is co-chair of the AICPA Digital Assets Working Group. She’s also an audit partner at Deloitte & Touche LLP and serves as the firm’s Global and US Audit and Assurance methodology leader for blockchain and digital assets. Steele is scheduled to present at the AICPA & CIMA Conference on Current SEC and PCAOB Developments. The conference agenda is here. The episode also includes a news roundup, touching on topics that include the latest 12-month outlook of finance executives in business and industry and some of the key tax provisions in recently passed legislation.
12/3/202118 minutes, 6 seconds
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Career advice and RPA tips from CPA leaders

Hear from CPAs Maxene Bardwell and Jim Bourke in this week’s episode. Bardwell, the subject of The Last Word in the November issue of the Journal of Accountancy, shares more about her career path, why there’s value in volunteering and mentoring, how she brings her authentic self to work, and why there’s candy at her desk. Bourke, a speaker at the Digital CPA Conference, shares insight for firms on two of his conference topics, robotic process automation and emerging advisory opportunities.
11/18/202122 minutes, 6 seconds
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Infrastructure analysis: The ERC’s end, and what’s next

Ed Karl, CPA, CGMA, the AICPA’s vice president–Tax Policy & Advocacy, has followed infrastructure legislation closely. The Infrastructure Investment and Jobs Act was passed by the House on Nov. 5 and is now scheduled to be signed by President Joe Biden. But that version is different than the version approved by the Senate in August, and there remains a companion reconciliation bill to be negotiated. Karl shares analysis on the end of the employee retention credit, the future of corporate tax rates, preparer regulation, SALT caps, and more.
11/11/202122 minutes, 59 seconds
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“What’s our biggest risk?” Why the answer is changing

Companies are still trying to find their way about 20 months after the onset of the COVID-19 pandemic. Their enterprise risk management (ERM) efforts were tested, as some risks were amplified and others emerged. Now, entities are trying to apply some of the lessons they learned along the way. CPAs Mark Beasley and Paul Walker, professors who each direct ERM-focused centers at universities, discuss how risk management is changing, what organizations are worried about today, and how they can better manage risks moving forward. Also, get updates on the formation of the International Sustainability Standards Board and these Journal of Accountancy headlines: How Investors Can Protect Against Inflation FASB Addresses Contract Assets, Liabilities Acquired in a Business Combination FASB Proposal Would Amend Interim Disclosure Requirements
11/4/202121 minutes, 49 seconds
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One firm’s succession planning success story

The Journal of Accountancy’s October cover story shares how one firm approaches succession planning. REDW is a top 200 firm with offices in Phoenix, Albuquerque, and Edmond, Okla. Christina Roderick, CPA, CGMA, is the head of REDW’s tax practice, a role she assumed in July 2020. She talks about her succession journey, REDW’s approach to identifying succession candidates early, and more. Also, stay up to date on news related to FASB and the IRS, and get a primer on a CPA Insider feature on a topic certain to generate discussion: Taking a nap during the workday.
10/28/202116 minutes, 55 seconds
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Hiring for culture: How to find the best staff for your firm

Staff who aren’t a good fit for your firm’s culture aren’t likely to stay long. In this second part of a two-part podcast, Guy Gage, founder of consulting firm PartnersCoach, talks about interview questions to ask that can determine whether a job candidate will integrate well to your culture, and other key aspects of hiring for culture.
10/22/202123 minutes, 10 seconds
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The 4 pillars of starting or growing a CAS practice

Client advisory services (CAS) practices are growing rapidly, and Kalil Merhib, the vice president of Sales and Client Services for CPA.com, has details. Merhib discusses the recent CPA.com & AICPA PCPS Client Advisory Services Benchmark Survey along with the opportunities for firms interested in starting or growing CAS practices. Also, get a preview of the upcoming AICPA & CIMA Corporate Finance and Controllers Conference and an article on a conference session about building an anti-fraud wall, and stay up to date on news related to Social Security, the IRS, and the PCAOB.    
10/21/202113 minutes, 13 seconds
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What type of culture does your firm have?

Having a good grasp of your organizational culture can help you hire the right people and adopt the right approach to change. But determining what type of culture your firm has isn’t always easy. In this first part of a two-part podcast, Guy Gage, founder of consulting firm PartnersCoach, discusses the three types of culture he sees most often in CPA firms, and ways you can tell which predominates in your firm.
10/18/202119 minutes, 40 seconds
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A CPA leader’s approach to changing check-the-box training

Stephanie Palmertree, CPA, CGMA, saw a need for better continuing professional education at the Mississippi Office of the State Auditor. The speakers were the same every year, and the issues weren’t necessarily the ones faced by staff at her agency. So, CPE offerings were revamped, becoming more meaningful and targeted. Palmertree explains the why and how of those changes, along with reasons for enjoying the Harry Potter book series and how she relies on her favorite tech tool. Also, listeners can get caught up on recent news related to a new auditing standard and new PCAOB guidance on audit evidence.
10/14/202112 minutes, 30 seconds
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Audit evolution in action: Part 3

Transforming the auditing practice to be more digital requires more than just new tools. It also means a shift in mindset for firms serious about taking a digital-first approach. On this episode, the third in a series on audit evolution, Alan Langelli, CPA, lead partner of the technology industry services group at Aronson LLC, shares three key reasons that adopting a digital mindset is important.
10/12/20219 minutes, 15 seconds
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Peer review: Advancing clarity and remote procedures

The AICPA Peer Review Board recently issued an exposure draft that includes proposed changes to AICPA standards for reporting on and performing peer reviews. Brad Coffey, CPA, an AICPA manager, explains more about the exposure draft and what the proposed changes are designed to accomplish.
10/7/202111 minutes, 44 seconds
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Year-end tax planning advice and a grammar quiz

Tax practitioners haven’t had it easy, with pandemic-related delays and legislative changes in the middle of tax season making their jobs more difficult. Year-end planning can’t eliminate all the uncertainty, but it can help. April Walker, CPA, CGMA, lead manager on the AICPA’s Tax Practice & Ethics team and host of the Tax Section Odyssey podcast, shares advice for practitioners as the calendar year winds down. Also, get a “your”/”you’re” refresher, a preview of a recently published grammar quiz, and updates on news related to the IRS and the PCAOB.
9/30/202113 minutes, 12 seconds
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Prioritization tips, sticky-note strategy, and The Princess Bride

In the September issue of the Journal of Accountancy, Marie Brilmyer, CPA, said in The Last Word: “I think my greatest challenge has been in figuring out how to step back or when I need to step back.” In this podcast episode, Brilmyer expands on the need to prioritize and offers advice for others who may be seeking balance. Also, hear a preview of other JofA articles from the recent print issue and from our news page.
9/23/202111 minutes
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Ethics exposure drafts explained; the makings of a good cover letter

Several ethics-related exposure drafts are in focus in this week’s episode. Toni Lee-Andrews, CPA, CGMA, the director of the AICPA’s Professional Ethics Division, shares details on three upcoming EDs, a timeline for comments to the drafts, and more about the division’s streamlined comment process. Lee-Andrews also previews two recent episodes of the division’s Ethically Speaking podcast. Visit aicpa.org/ethics for more ethics resources. Plus, get a refresher on what makes a good cover letter, and keep up with top recent news in the Journal of Accountancy.
9/16/202111 minutes, 7 seconds
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Tax software: What CPAs like and dislike

For the September issues of The Tax Adviser and the Journal of Accountancy, more than 2,100 tax professionals shared opinions on tax preparation software. Editors Alistair Nevius and Paul Bonner discuss details of the annual tax software survey — what CPAs liked and disliked, and the difficulties of the most recent tax season for preparers and the software companies.
9/9/202110 minutes, 50 seconds
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Inflation worries and a tight labor market lead to a slight dip in optimism

Although finance executives continue to be bullish about their organizations’ economic prospects, inflation and a difficult labor market are causing concern in the CPA Outlook Index in the AICPA Business and Industry Economic Outlook Survey. Ken Witt, CPA, CGMA, takes a closer look at the findings and what they mean for companies. Also, Ebonie Jackson, CPA/CITP, CGMA, shares insights on how finance professionals and accountants can lead strategic change from her recent case study. Also, you’ll hear the findings from the latest CPA Firm Top Issues survey, and we’ll update you on the latest from the Shuttered Venue Operators Grant program.
9/2/202115 minutes, 44 seconds
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Updating quality management standards: What auditors need to know

There are two committees working on developing new quality management standards for auditors. Neil Amato talks to Sara Lord, CPA, the chair of one of those committees, about the feedback they are receiving, how the new standards incorporate a risk-based approach, and the next steps in the process. Also, Drew Adamek reviews a new study about ESG assurance opportunities and explores the potential tax implications of LIFO inventory interruptions due to COVID-19.
8/26/202110 minutes, 29 seconds
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The key tax provisions of the Senate infrastructure bill

The Senate recently passed a $1 trillion infrastructure bill, which includes several tax provisions being monitored by the AICPA. Ed Karl, CPA, CGMA, the AICPA’s vice president–Tax Policy & Advocacy, details several provisions in recently proposed legislation that would affect CPAs. Also, the episode mentions recent coverage in the Journal of Accountancy on updated single audit guidance included in the Office of Management and Budget’s 2021 Compliance Supplement. And it tries to answer a question posed in a recent CPA Insider article: Will sweatpants come to the office when we return?
8/19/202112 minutes, 45 seconds
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Better remote job interviews and ERC updates

In the July issue of the Journal of Accountancy, Carrie Kruse, CPA, CGMA, the economic development administrator for the city of Des Moines, Iowa, wrote about how her organization improved its process for interviewing job candidates remotely. In this podcast episode, Kruse goes into detail about the types of questions asked and how the revamped process can be applied to future interviews. Also, hear about news items related to the employee retention credit, cryptoasset reporting, and more.
8/12/202116 minutes, 40 seconds
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Fraud advice and more on the value of client advisory services

Businesses’ approach to fraud and internal controls has undergone drastic change as a result of the pandemic. Danielle Supkis Cheek, CPA/CITP, CGMA, the director of entrepreneurial advisory services at the firm PKF Texas, says that rules around things such as on-time payment of payroll taxes now have to be reconsidered. She shares more about the unintended consequences of pandemic-related relief, advice for applying technology to limit fraud, and more. Also, hear more about recent articles and an AICPA & CIMA ENGAGE 2021 session on the topic of client advisory services.
8/5/202110 minutes, 44 seconds
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Lessons in building the accounting pipeline from ENGAGE 2021

This week’s podcast episode brings together the voices of three presenters at AICPA & CIMA ENGAGE 2021. One common theme in their interviews is the talent pipeline — how more candidates can be drawn to the profession, how existing talent can be retained and trained in a more tech-driven business environment, and more. Hear from AICPA board Chair Bill Pirolli, CPA/CFF/PFS, CGMA; Tom Hood, CPA/CITP, CGMA, executive vice president of business engagement and growth for the Association of International Certified Professional Accountants; and former AICPA board Chair Kimberly Ellison-Taylor, CPA, CGMA.
7/29/202123 minutes, 21 seconds
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Audit evolution in action: Part 2

The auditing profession was already in the midst of transformation, thanks to technological advances and other factors. Then, the COVID-19 pandemic came along and accelerated those changes, further challenging auditors and their view of business as usual. Part 1 was an overview of the audit landscape. In part 2, speakers Carolyn Newman and Jon Cardiello, CPA, share insight into the topic of audit data analytics and how the tools can help to continue the transformation of auditing.
7/28/202111 minutes, 22 seconds
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Cybersecurity advisory opportunities for firms of all sizes

Cybersecurity is a rapidly expanding opportunity for firms to offer advisory services. In a preview of an ENGAGE 2021 panel, Journal of Accountancy senior editor Neil Amato speaks with Steven Ursillo, CPA/CITP, CGMA, partner, risk assurance and advisory national leader at Cherry Bekaert, about how firms of any size can identify, prepare for, and take advantage of cyber advisory opportunities. Also, Drew Adamek covers the IRS’s new Tax Pro Account and recent changes to FASB lease accounting standards.
7/22/202116 minutes, 5 seconds
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At 2021’s midpoint, what’s on the minds of CFOs?

CFOs have reasons to be positive, but they also have several reasons to be concerned. Ways of working are changing, with employees seeking to continue the flexible arrangements that became the norm during the COVID-19 pandemic. Steve Gallucci, national managing partner for Deloitte’s U.S. CFO Program, shares insights into the minds of CFOs in the latest episode of the Journal of Accountancy podcast. Also, hear more about a recent FM magazine series that focused on the top skills finance professionals need for the future, along with coverage of recent U.S. Small Business Administration news on the Restaurant Revitalization Fund and the Paycheck Protection Program, and a quality management proposal by the AICPA Auditing Standards Board.
7/15/202116 minutes, 3 seconds
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Why single-audit demand is rising; an update on tax preparer legislation

The number of organizations needing single audits has risen dramatically in the past year. Why? Deetra Watson, CPA, CGMA, an accounting firm principal, explains some of the intricacies of single audits and why demand is increasing for such specialized services. Also, Ed Karl, CPA, CGMA, the AICPA’s vice president–Tax Policy & Advocacy, shares an update on the Taxpayer Protection and Preparer Proficiency Act.
7/8/202117 minutes, 50 seconds
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Accounting as a STEM career; more on ‘Dirty Dozen’ tax scams

The AICPA supports proposed legislation that would categorize accounting as a STEM career, with STEM standing for science, technology, engineering, and mathematics. Diana Deem, CPA, CGMA, an AICPA director of congressional and political affairs, shares more about the thinking behind and the AICPA’s support for the bill. Also, hear from the JofA’s editor-in-chief, tax, about the annual IRS list of “Dirty Dozen” tax scams. What you’ll learn from this episode: More about the Accounting STEM Pursuit Act, recently introduced in Congress. Examples of how accounting has transformed since one of Deem’s early roles. Insight into the annual IRS list of “Dirty Dozen” tax scams and why this year’s release of the list is different. The reasons that stimulus payments are one focus of scammers. Summaries of JofA articles on business continuity planning as a tool to fight fraud, and Supreme Court news related to taxation of remote workers.
7/1/202115 minutes, 41 seconds
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Audit evolution in action: Part 1

The auditing profession was already in the midst of transformation, thanks to technological advances and other factors. Then, the COVID-19 pandemic came along and accelerated those changes, further challenging auditors and their view of business as usual. As auditing continues to transform, Sue Coffey, CPA, CGMA, the Association’s CEO of public accounting, and Jennifer Burns, CPA, CGMA, the Association’s chief auditor, explain some of the drivers behind audit transformation — where it began and where it’s headed. What you’ll learn from this episode: An overview of the auditing landscape and why a transformation discussion is happening now. Insight into the key drivers of that transformation. The specific challenges the COVID-19 pandemic created for auditors. Details on the AICPA Auditing Standards Board’s work to update certain standards. New ways or new tools to approach auditing differently.
6/29/202115 minutes, 11 seconds
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The return of business travel; an NFL draftee’s view of failure

Business travel is on the way back, according to survey and anecdotal data, as well as the line at airport security. Donny Shimamoto, CPA/CITP, CGMA, is someone accustomed to regular travel, with set routines and preferences. That all changed when the COVID-19 pandemic took hold, and so Shimamoto had to adapt. He reflects on what he learned from being at home and from being back in airports and onsite with a client. Also, ENGAGE 2021 panelist Jeremy Bloom, a former world champion in skiing and NFL wide receiver, shares his views on sport specialization at a young age, why our view of failure should be reframed, and what kind of skiing he prefers these days.
6/24/202121 minutes, 16 seconds
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Signs you or a colleague could use mental health support

The COVID-19 pandemic led many CPAs and their employers to think deeply about mental health in ways they may not have before. Amber Setter, a former accountant and an International Coaching Federation–accredited professional certified coach, talks about signs someone may need to consider speaking with a professional about their mental health and what you can do if you notice these signs in someone else. She also gives advice on finding a mental health professional and suggests ways employers can foster staff’s well-being.
6/21/202124 minutes, 59 seconds
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Understanding the global minimum tax and the growing risk of ransomware

The G7 announced a framework for a global minimum tax last week. In this episode, Amy Wang Miller, CPA, J.D., senior manager with the AICPA’s Tax Policy & Advocacy team, explains what the framework means, what accounting and finance professionals can expect next, and what the future of a global minimum tax looks like. Also, we explore the growing risks and cost of ransomware with Gerry Glombicki, CPA, a director with Fitch Ratings insurance group, and how organizations should be approaching ransomware.
6/17/202114 minutes
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Advice for meeting efficiency and more on the new AICPA board chair

Many of our meetings in 2021 look far different from the meetings we had in 2019 or early 2020. That doesn’t mean they can’t be improved with the help of technology. In this episode, Technology Q&A co-author Byron Patrick, CPA/CITP, CGMA, shares insight into the ways that automation tools can help meetings go smoothly. Also hear some of the advice new AICPA board Chair Bill Pirolli, CPA/CFF/PFS, CGMA, has for providing excellent client service.
6/10/202110 minutes, 35 seconds
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Reasons for rising economic optimism; how to ‘be your own agent’

Several factors are contributing to finance decision-makers’ growing optimism about the economy and their own businesses, according to a quarterly survey. Ken Witt, CPA, CGMA, shares insight into that positive sentiment, along with a look at hiring and the headwinds facing organizations. Also, hear the words of an AICPA & CIMA ENGAGE 2021 speaker on her path to becoming a sports agent and her advice on advocating for yourself.
6/3/202112 minutes, 50 seconds
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A closer look at paid tax preparer regulation

In a letter to the IRS, the AICPA recently offered recommendations on six key areas of regulation of paid tax return preparers. A senior manager on the AICPA’s Tax Policy & Advocacy Team explains more about why the recommendations are needed. Also, learn more about a recent popular article on delivering and receiving feedback. What you’ll learn from this episode: Why it’s important for the IRS to address the issue of unregulated tax return preparers. Insight into preparer tax identification numbers (PTINs) and IRS authority over them. Why the current process to revoke a PTIN can be “time-consuming and costly.” An explanation of supervised, nonsigning return preparers. More on a recent JofA article about delivering and receiving feedback. News on the issuance of nonauthoritative guidance for auditing digital assets, and economic trends to watch.
5/27/202112 minutes, 52 seconds
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A professional athlete’s frugal approach to what’s next

Amobi Okugo, a pro soccer player, is scheduled to be part of a sports-themed panel discussion at AICPA & CIMA ENGAGE 2021. He has continued to pursue education and business opportunities off the field, and he hopes to be a role model as a “frugal athlete.” Hear more about Okugo’s history and his plans. Also, get a refresher on where the term “imposter syndrome” came from, how many of us it affects, and what we can do to beat it. What you’ll learn from this episode: Why Okugo says that mega-millionaire athletes are anomalies. How he approached spending money when he was first chosen in the Major League Soccer draft. The agreement he made with his parents about pursuing his college degree. Tips from a recent JofA article on defeating imposter syndrome. A summary of two recent articles related to the IRS.
5/21/202110 minutes, 43 seconds
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Supporting AAPI talent in May and beyond

May is Asian Pacific American Heritage Month, and the conversation in this podcast episode is meant to celebrate that and to offer organizations reminders on how they can support employees of Asian descent. The group is sometimes referred to as Asian American and Pacific Islander, or AAPI. Lisa M. Ong, CPA, is a DEI (diversity, equity, and inclusion) consultant who says that May is always her busy season because that’s when organizations most often seek an AAPI speaker. Ong shared specific advice and actions for individuals and organizations seeking to support AAPI talent. For more resources on this topic, visit the AICPA’s Diversity and Inclusion page. You can also learn more about Ong’s organization, Wishing Out Loud.
5/20/202118 minutes, 37 seconds
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Be more productive while doing less work

CPA firms are often more productive and profitable when owners work less, according to Brannon Poe, CPA, owner of Poe Group Advisors in Charleston, S.C. In this podcast episode, Poe, who has more than 15 years of experience buying and selling CPA firms, explains how delegating work can free owners to focus on what matters most. He also gives advice for determining which work you should delegate and how to do so with fewer worries.
5/17/202118 minutes, 20 seconds
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Potential pitfalls for a return to in-person work

How an organization frames the discussion around bringing staff back together in the office matters. Jennifer Wilson, partner and co-founder of Convergence Coaching LLC, expands on her recent Journal of Accountancy article about reopening mistakes for organizations. Wilson is a speaker at AICPA & CIMA ENGAGE 2021 on the topic of managing a blended workforce (view the full ENGAGE agenda here). Also, hear a reminder about playing to your strengths from another ENGAGE 2021 speaker, executive coach Rhonda Peterson.
5/13/202114 minutes
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Managing your personal energy for success

Life and work in the pandemic era can be exhausting. Stress can make it difficult to focus on and execute your goals. ENGAGE 2021 speaker Rhonda Peterson believes taking the time to care for and nurture one’s energy can improve your career success, increase your businesses’ profitability, and provide a deeper sense of fulfilment. Peterson shares her tips for discovering the activities and stresses that drain your energy, making it harder to succeed, and for uncovering the endeavors that bolster your energy. What you’ll learn from this episode: Why your personal energy matters and how it affects your life, business, and career. How to identify significant energy drains in your life. How to find activities that improve and boost your energy. Why managers should be paying attention to their team members’ energy levels and how they can help improve them. The best way to develop a personal energy protection habit.
5/10/202117 minutes, 13 seconds
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Excel depreciation advice; risk management lessons learned

A recent Journal of Accountancy article by Kelly Williams, CPA, Ph.D., detailed eight ways to calculate depreciation in Excel. Williams, one of two CPA authors of the Technology Q&A feature, shares why it’s helpful to CPAs to have so many methods and which one she prefers. She also talks about Flash Fill as a preview to her Excel session at AICPA & CIMA ENGAGE 2021 in July. In the second interview segment, Mark Beasley, CPA, Ph.D., says one key part of enterprise risk management (ERM) is breaking down silos. Beasley, the director of North Carolina State University’s ERM Initiative, joined the JofA podcast for a discussion of lessons that can be pulled from a recent survey on risk management. An article on the survey appeared on the website of FM magazine. Also, listen to news on a proposed standard by FASB and an update on Paycheck Protection Program funding from the U.S. Small Business Administration.
5/6/202115 minutes, 59 seconds
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Tom Hood on leadership and adapting to a role stretch

CFOs and other leaders have been forced to adapt to challenging and fast-moving circumstances as a result of the COVID-19 pandemic. Tom Hood, CPA/CITP, CGMA, the executive vice president of business growth and engagement for the Association of International Certified Professional Accountants, reflects on what finance leaders have learned in the past year and previews two of his sessions at the upcoming AICPA & CIMA CFO Conference.
4/29/202111 minutes, 26 seconds
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Employee retention credit updates and a delegation taboo

The IRS has issued updated guidance on several aspects of the employee retention credit. April Walker, CPA, CGMA, lead manager on the Tax Practice & Ethics team at the AICPA, touches on the highlights, including filing options for claiming the credit, an extension of penalty relief, and several key questions that have yet to be resolved. What you’ll learn from this episode: What recent IRS notices have addressed regarding claiming the credit in 2021 and penalty relief. Two critical questions about the credit that have yet to be addressed by the IRS. One common mistake that a CPA firm leader says managers should avoid when delegating tasks. Updates on a bill’s passage in the House of Representatives and other news.
4/22/202110 minutes, 6 seconds
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Primers on creativity and mental toughness

Two featured speakers at the AICPA & CIMA CFO Conference, Josh Linkner and LaRae Quy, are sharing previews of their conference sessions in this episode. Linkner discusses how organizations can foster creativity, even in supposedly noncreative jobs, and how that creativity can lead to everyday innovation. Quy, an author and former FBI agent, shares details on the importance of mental toughness. What you’ll learn from this episode: Keynote speaker and innovation expert Josh Linkner’s explanation for calling himself a “creative troublemaker.” Why Linkner believes we shouldn’t link creativity to someone’s job title. The harrowing story of an FBI agent’s first ride-along and how it underscored the importance of mental toughness. The reasons our cerebral brain and emotional brain must work together. Updates on new treatment of excess premium tax credits, an extended comment period for an AICPA Auditing Standards Board exposure draft on quality management, and the Shuttered Venue Operators Grant program’s rough start.
4/15/202120 minutes, 38 seconds
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Uncovering your 'buried life' and other mental-health tips

Ben Nemtin, the keynote speaker May 5 at the AICPA & CIMA Employee Benefit Plans Conference, thought he was going on a two-week road trip with some friends 15 years ago. That trip lasted years, changing his life and those of many others they encountered. Nemtin also shares why it’s more important these days to talk about mental health, along with some of the inspiration he got from seeing complete strangers realize a few bucket-list dreams.
4/14/202125 minutes, 57 seconds
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What we can do to increase the number of Black CPAs

African Americans are still underrepresented in the accounting profession: Only 2% of CPAs are Black. In this second part of a two-episode podcast, we look at what the profession can do to increase the number of Black CPAs. Guests Ruth Harris, the first Black female CPA in Virginia, and Frank Ross, one of the founders of the National Association of Black Accountants (NABA), share their experiences as Black CPAs and educators, and Theresa Hammond, Ph.D., author of A White-Collar Profession: African American Certified Public Accountants Since 1921, shares her perspective as an accounting professor and scholar of CPA history. This podcast is associated with the Black CPA Centennial Campaign, a yearlong celebration and recognition of the impact of Black CPAs upon the profession.
4/12/202124 minutes, 9 seconds
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PPP and tax advice for not-for-profits; honoring pioneering CPAs

The requirements for Paycheck Protection Program applicants who are not-for-profits are different from those for for-profit businesses. Dave Moja, CPA, a member of the AICPA Not-for-Profit Advisory Council, explains some of those differences and more about completing Form 990 and Form 941. Also, hear a section of a two-part podcast series that documents the triumphs and struggles of some of the first Black CPAs.
4/8/202113 minutes, 4 seconds
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The struggles and triumphs of the first Black CPAs

In this first part of a two-episode podcast, we take a look at the remarkable accomplishments of Black CPAs in the 20th century, featuring the testimony of two CPAs who witnessed Black CPA history firsthand: Ruth Harris, the first Black female CPA in Virginia, and Frank Ross, one of the founders of the National Association of Black Accountants (NABA). Theresa Hammond, Ph.D., author of A White-Collar Profession: African American Certified Public Accountants Since 1921, adds historical context. This podcast episode is associated with the Black CPA Centennial Campaign, a yearlong celebration and recognition of the impact of Black CPAs upon the profession.
4/5/202134 minutes, 29 seconds
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Details of the April 15 postponement and a primer on SVOG

Alistair Nevius, J.D., the JofA’s editor-in-chief, tax, explains the differences between IRS announcements on March 17 and March 29 regarding the postponement of 1040 tax filing and payments from April 15 to May 17. He highlights what’s changed, what hasn’t, and one question regarding how the IRS will handle estimated tax payments on a 2020 return filed after April 15. Also, to prepare for the opening of the U.S. Small Business Administration’s Shuttered Venue Operators Grant program, hear advice from Kristy Illuzzi, CPA, CGMA, a senior technical manager and staff liaison to the AICPA Private Companies Practice Section’s Technical Issues Committee.
4/1/202113 minutes, 6 seconds
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Why the tax filing extension does not help everyone

Some individual taxpayers still have forms to complete and payments to make by April 15. That’s one reason the AICPA believes that the IRS extension from April 15 to May 17 didn’t go far enough. Ed Karl, CPA, CGMA, the AICPA’s vice president–Tax Policy & Advocacy, explains the reasons that the AICPA believes more relief should be given and why a June 15 date is more appropriate. The episode also mentions the schedule of upcoming AICPA conferences, tips for using LinkedIn, and other news.
3/25/202112 minutes, 6 seconds
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Ethics considerations for assisting clients with PPP documents

When it comes to applications for Paycheck Protection Program loans or PPP loan forgiveness, a one-size-fits-all approach to assisting clients won’t work. Some clients will need more help than others, and there are ethical implications for how CPAs provide that assistance. Iryna Klepcha, CPA, and Toni Lee-Andrews, CPA/PFS, CGMA, of the AICPA’s Professional Ethics Division discuss some of the ethical questions that have surfaced as CPAs are assisting clients with PPP loan and forgiveness applications. Their guest is Kelly Hunter, CPA, shareholder at FRK & Co. and a member of the AICPA’s Professional Ethics Executive Committee (PEEC). What you’ll learn from this episode: Why AICPA guidance has changed since PPP applications were first available. How firms can maintain independence when assisting with preparation of documents for nonattest clients. Details on scenarios CPAs could face when clients ask them for assistance with PPP loan forgiveness applications. More from Hunter on his advice: “Don’t impair independence if you don’t have to.” Some of the questions coming into the AICPA’s Professional Ethics Division hotline.
3/22/202114 minutes, 22 seconds
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A new risk management tool, and PPP and tax deadline updates

Risk management has always been important, and it came to the forefront for many organizations in 2020. A new risk heat map tool from the Association of International Certified Professional Accountants can help measure and manage risks. Lori Sexton, CPA, CGMA, a senior technical manager for management accounting, explains some of the features of the tool and how those features can expand an organization’s risk management function. What you’ll learn from this episode: Explanation of a heat map’s role in effective enterprise risk management. More on the risk heat map tool’s addition of a qualitative aspect for evaluating risk. Why simple awareness of a risk is not enough to manage it well. Highlights of the JofA’s coverage of the Paycheck Protection Program and a change in the filing deadline for individual income taxes.
3/18/20219 minutes, 21 seconds
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A CPA leader’s view on the rise of women in the profession

“With women in particular, small moments matter.” Those are the words of Lara Abrash, CPA, chair and CEO of Deloitte & Touche LLP, about how seemingly inconsequential decisions can have a big effect on how women advance in the workplace. Hear more of Abrash’s thoughts on promoting diversity and on why the time was right for Deloitte to publish a new report on its workforce composition. What you’ll learn from this episode: The career advice Abrash received from her mother. Abrash’s advice for how employers can better support women. Why Deloitte decided to release its inaugural Diversity, Equity, and Inclusion Transparency Report. Why the AICPA is pushing for extensions to the Paycheck Protection Program application deadline and the individual tax filing date. The tax-related questions CPAs and their clients may have regarding certain 2020 unemployment benefits.
3/12/20219 minutes, 58 seconds
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Employee retention credit guidance update and rising economic confidence

On March 1, the IRS issued guidance on the employee retention credit. April Walker, CPA, CGMA, lead manager on the Tax Practice & Ethics team at the AICPA, explains the highlights of that guidance, including how the credit interacts with PPP loans. Also, Ken Witt, CPA, CGMA, senior manager for management accounting and member engagement at the AICPA, shares the important details of the latest AICPA Business & Industry Economic Outlook Survey. What you’ll learn from this episode: Key points of the 102-page guidance from the IRS on the employee retention credit. What the IRS guidance did not yet address. How finance executives feel about the domestic economy and their own businesses in the coming 12 months. The top challenges listed by CPA decision-makers. The business sectors that showed rising optimism.
3/4/202113 minutes, 10 seconds
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Black CPA pioneers, PPP’s narrowed focus, and a FASB alternative

Do you know the name John Wesley Cromwell Jr.? Do you know the specific businesses targeted recently for Paycheck Protection Program loan applications? This express version of the JofA podcast gives you more on those topics, along with details on an accounting alternative related to goodwill impairment that FASB is expected to issue soon. Cromwell became a CPA 100 years ago, and his story as the first Black CPA is part of a year-long effort to honor, celebrate, and build upon the progress Black CPAs have made in shaping the accounting profession. You’ll also hear the voice of Lester McKeever, CPA, another pioneering Black accountant. Also, catch up on what a White House statement means in the short term for PPP loan applications. And hear from Mike Cheng, CPA, a member of the AICPA Private Companies Practice Section Technical Issues Committee, on the significance of a recent FASB accounting alternative.
2/25/20219 minutes, 53 seconds
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CPA news to know: Why mobile workforce tax legislation matters

Earlier in February, numerous amendments to the 2021 fiscal year budget resolution were voted on by the Senate. One of those nonbinding amendments, which passed unanimously by a voice vote, could lead to a lessening of an administrative burden for many employers and employees. The amendment related to mobile workforce legislation, introduced by Sen. John Thune, R-S.D., and supported by Sen. Sherrod Brown, D-Ohio, would extend the de minimis threshold to work in a state as a nonresident before owing state income taxes or being subject to withholding. It also would provide that during the pandemic, employers could withhold as they did prior to the pandemic or provide flexibility for employers to track where remote work is performed. It also would provide that employers would not have a nexus or apportionment impact by having a remote worker in a nonresident state during the pandemic. The AICPA has long supported and continues to support mobile workforce legislative proposals. The AICPA submitted comments in support of the bill on numerous occasions and issued a Feb. 8 press release on the passage of the Senate budget resolution amendment on mobile workforce legislation. For more on the development of mobile workforce legislation, see Yesnowitz, Sherr, and Bell-Jacobs, “AICPA Focuses Advocacy Efforts on Mobile Workforce Legislation,” in The Tax Adviser. What you’ll learn from this episode: Background on the AICPA’s interest in mobile workforce tax legislation from Eileen Sherr, CPA, CGMA, director of the AICPA Tax Policy & Advocacy team. Why the legislation could be significant. FASB’s recent response to a pandemic-related accounting concern. Several highlights from the JofA’s February print issue, including more on tax penalty relief and Excel’s Ideas feature.
2/18/20216 minutes, 10 seconds
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Pursuing quality in relationships — and audits

A recent survey showed that a majority of couples have experienced relationship stress because of finances. So, how can couples openly communicate about money? Mike Landsberg, CPA/PFS, shares a few reminders. Also, Sara Lord, CPA, a member of the AICPA Auditing Standards Board (ASB), expands on the board’s recent exposure draft related to quality management. The comment period on the ED runs through June 11, and comments can be sent to [email protected].
2/11/202112 minutes, 27 seconds
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Identity theft tips and PPP-related employee retention credit changes

The onset of COVID-19 meant that more people became online shoppers out of necessity. Ordering groceries by phone or computer also means more of us are putting potentially sensitive information online. Robert Westley, CPA/PFS, shares advice to avoid becoming a victim of identity theft, expanding on the tips in a recent Journal of Accountancy article. Alistair Nevius, J.D., the JofA’s editor-in-chief, tax, explains more on recent legislative changes to the employee retention credit. Also, the AICPA Auditing Standards Board has issued proposed standards designed to change the way firms manage quality in their accounting and auditing practices.
2/4/202110 minutes, 23 seconds
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CPA news to know: PPP vigilance and the start of tax season

Paycheck Protection Program (PPP) loans and the start of tax season are two topics squarely on the minds of CPAs these days. This episode analyzes the Jan. 25 update by the U.S. Small Business Administration (SBA) about processing second-draw loan applications and looks at what recent IRS announcements mean for tax season. Kari Hipsak, CPA, CGMA, a senior manager at the Association of International Certified Professional Accountants, and Alistair Nevius, J.D., the JofA’s editor-in-chief, tax, are the guests for this quick look at recent news that affects the accounting profession. What you’ll learn from this episode: Why PPP loan applicants should be patient and vigilant. The practical applications of the SBA’s recent update. A preview of the JofA’s February print issue. What the announced date that the IRS begins accepting tax returns means for practitioners and filers. Effects of the Consolidated Appropriations Act, 2021 (CAA), P.L. 116-260, on tax season.
1/29/202110 minutes, 46 seconds
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PPP loan forgiveness and taxes: Part 2

Earlier, Eileen Sherr, CPA, CGMA, MT, a director of the AICPA’s Tax Policy & Advocacy team, discussed prospects for reversing by legislation the IRS’s position regarding deductibility of business expenses paid with loan proceeds from the Paycheck Protection Program (PPP) that are ultimately forgiven. Now, that legislation has been enacted, by the Consolidated Appropriations Act, 2021 (CAA), P.L. 116-260. Sherr returns to outline that and other changes. Plus, we look ahead to possible developments during 2021 in tax legislation and pandemic relief. What you’ll learn from this episode: What the CAA resolved regarding deductibility of business expenses paid by loan proceeds from the PPP, along with other AICPA advocacy priorities — and what remains unresolved. Possible emphases for tax legislation going forward from the Biden administration and the new Congress. Ongoing pandemic-related tax relief measures and advocacy at the federal and state levels.
1/28/202117 minutes, 12 seconds
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The latest advice on PPP loans

Accountants played a crucial role in helping millions of organizations, most of them small businesses, receive $525 billion in Paycheck Protection Program loans last year. Now, the PPP is back and businesses will again be looking to CPAs for advice and assistance in accessing the program, which provides forgivable loans that borrowers can use for payroll and other essential expenses as the COVID-19 pandemic continues to roil the economy. What do CPAs need to know about the new PPP? How is it different from the program that ran for five months before its loan application window closed in August? And what should accountants be doing to help businesses access the $284 billion available in the PPP’s second iteration? Those topics and more are addressed by Erik Asgeirsson, president and CEO of the AICPA’s business subsidiary CPA.com, and Lisa Simpson, CPA, CGMA, the AICPA’s vice president–Firm Services. What you’ll learn from this episode: When lenders can start submitting PPP loan applications to the U.S. Small Business Administration. Details about the new PPP second-draw loans. Why many banks won’t be submitting PPP applications at the beginning of the application period. What the AICPA has been doing to support the accounting profession with the PPP over the past nine months. Why it is important for PPP borrowers to have two paths they can take in pursuing a second-draw PPP loan. More information about the CPA Business Funding Portal (see link in resources below). What CPAs can do to help businesses prepare for increased SBA scrutiny of PPP loans. The importance of helping businesses know their E-Tran number from their first PPP loan. Why firms will play a more important role in the second round of the PPP. The importance of keeping the intent of the PPP in mind when choosing the accounting method for calculating the decline in gross receipts to determine whether a business qualifies for a second-draw loan. Whether a business seeking second-draw PPP loans must spend all its first-draw PPP loan before the second-draw funds are disbursed. That some banks may require PPP borrowers to file for forgiveness on their first loan before processing a second-draw application.
1/15/202119 minutes, 34 seconds
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Why investing in employees matters more than ever

In late 2020, Robert Half’s Paul McDonald delved into the hiring outlook for 2021. The second part of that conversation addresses the ways organizations can keep those already on staff during COVID-19. McDonald, Robert Half’s senior executive director, says the businesses that already had strong culture in place were better equipped to adapt to COVID-19. He offers advice for managers, details on their retention concerns, and insight into what employees are looking for beyond flexible work arrangements. What you’ll learn from this episode: The reasons nearly 90% of senior managers are worried about losing talent. The steps companies and managers can take to show that they value employees. Why McDonald says company culture is more like an ocean liner than a speedboat. The types of nonfinancial benefits workers are seeking in the absence of raises. The steps employees can take to make themselves more marketable. McDonald’s thoughts on what office work might look like in 2022.
1/13/202117 minutes, 30 seconds
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Help clients make the most of 2020 charitable giving

As the year draws to a close, many clients are pursuing charitable giving. Mike Landsberg, CPA/PFS, partner at Homrich Berg in Atlanta, discusses what he’s seeing in terms of charitable giving this year, how the Coronavirus Aid, Relief, and Economic Security (CARES) Act, P.L. 116-136, has affected giving, and how clients can use giving to save on taxes while contributing to causes that matter to them. What you’ll learn in this episode: Why 2020 is a good year to give to charity. (1:43) How the CARES Act has affected charitable giving. (2:47) Giving strategies clients can use to save on their taxes (5:03), even if they’re not high-net-worth. (8:25) How to start talking about charitable giving with your clients. (8:59) One way to help clients specifically interested in COVID-19 relief. (11:11)
12/16/202012 minutes, 26 seconds
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PPP loan forgiveness and taxes

Eileen Sherr, CPA, CGMA, MT, director of the AICPA’s Tax Policy & Advocacy team in Washington, D.C., discusses recent IRS guidance regarding the tax treatment of loans under the U.S. Small Business Administration’s Paycheck Protection Program (PPP). This guidance holds that the amount of a PPP loan that is forgiven under the SBA’s procedures is not included in the loan recipient taxpayer’s gross income, but any expenses used to qualify for the forgiveness cannot be deducted on the taxpayer’s income tax return as an ordinary and necessary business expense. We also look ahead to what the change in presidential administration in 2021 might spell for a broad range of taxpayers. What you’ll learn from this episode: How PPP loan forgiveness is excluded from taxpayers’ gross income for income tax purposes, but the IRS regards related business expenses as nondeductible. The progress of efforts by members of Congress to clarify in new legislation that the PPP forgiveness-related expenses are intended to be deductible as ordinary and necessary expenses of loan recipients. What form advocacy on this issue by the AICPA and its members is taking. How and when tax law changes proposed by the Joe Biden–Kamala Harris presidential campaign might be reflected in a proposed budget by the Biden administration.
12/11/202022 minutes, 27 seconds
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The 2021 hiring outlook, salary negotiation advice, and more

The COVID-19 pandemic has caused unprecedented hiring freezes, job losses, or furloughs in 2020. While the outlook on hiring remains somewhat unsteady, there are reasons for optimism, according to Paul McDonald, the senior executive director at staffing firm Robert Half. In this episode, McDonald discusses the roles and certifications that are in demand, how remote work’s rapid rise has affected organizations’ approach to recruiting and hiring, and why the broad unemployment rate is not one that McDonald pays attention to the most. McDonald is the guest on the Journal of Accountancy podcast for the first of a two-part conversation. The second part, focusing on company culture and retention concerns, will be posted in early 2021. What you’ll learn from this episode: The types of jobs that continue to be in high demand in the United States. How organizations are rethinking geographic obstacles to hiring. Why McDonald says that a preliminary discussion about salary is not a negotiation. The specific unemployment statistic that McDonald tracks. The ways organizations are adapting their pursuit of talent.
11/30/202024 minutes, 13 seconds
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The value of gamifying CPE learning

Kelly Richmond Pope, CPA, CGMA, Ph.D., is an accountant and a professor. She’s also a storyteller and TEDx speaker. Keeping people engaged is a better way to educate, said Pope, an associate professor at DePaul University’s School of Accountancy and MIS in Chicago. In this episode, Pope discusses another way to keep learners engaged: gamification. Turning learning into a game helps with the recall and understanding of new concepts, whether in a college classroom or continuing professional education for accountants. What you’ll learn from this episode: Examples of gamification that are already part of our daily lives. How learning to drive a stick-shift car applies to gamification. Why gamification is not just for younger generations. How COVID-19 has disrupted traditional CPE and how virtual meetings could be better for learning in some cases. How a speaker’s style can help maximize learning through PowerPoint slide presentations. The ways organizations can gamify CPE-worthy content such as podcasts or TED Talks.
11/12/202018 minutes, 12 seconds
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How CPA parents cope during the pandemic

Several months into the pandemic, we take a look at how some CPA parents are faring. They talk about the struggles they’ve faced, how they balance parenting and working from home, what they do to recharge, and the unexpected joys they’ve experienced while spending more time with their families. Our guests for this episode are Lindsay Stevenson, CPA, CGMA, and Chris Hervochon, CPA. Stevenson is vice president of finance at 1st Financial Bank in North Sioux City, S.D., founder and CEO of Origin Evolution LLC, and mom to three sons: a 19-year-old college student, a 17-year-old high school student, and a 7-year-old second-grader. Hervochon is the owner of Chris Hervochon CPA, located in Hilton Head Island, S.C., and dad to a 7-year-old boy and 4-year-old twins.
10/26/202020 minutes, 27 seconds
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COVID-19 lessons for not-for-profits

In an economic downturn such as the one that resulted from the coronavirus pandemic, not-for-profit organizations can feel pinched in two ways. People who have lost jobs or fear losing them may be less likely to donate to the NFPs at a time the services offered by the organizations are needed most. Strategies and models must be changed to find new opportunities and deal with the challenges presented on multiple fronts. Amy West, CPA, CGMA, the CFO of AHRC in New York City, shares advice on how to adapt and find new paths during tough times. West also is a member of the AICPA Not-for-Profit Advisory Council.
10/14/202020 minutes, 47 seconds
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How 2020 has changed corporate board work

Corporate board work may have changed forever as a result of COVID-19. The lessons corporate directors take away from the pandemic will be critical to company survival and success beyond 2020. Paula Loop, CPA, the leader of PwC’s Governance Insights Center, explains in this podcast episode how boards have been changed and what they’re thinking about as they navigate the pandemic’s effect on business. What you’ll learn from this podcast episode: - Why Loop says now is the time to learn lessons and be better prepared for the next crisis. - Why there seems to be a disconnect between board members and corporate crisis management plans. - The lessons boards have learned about digital transformation, customer habits, and corporate real estate needs. - The board topics on which male and female directors differ.
10/12/202024 minutes, 12 seconds
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Cannabis and CPAs: The business opportunities and risks

Cannabis for medicinal or recreational use is a fast-growing business, and the advisory opportunities for accountants in the industry are also growing. Along with those opportunities are emerging issues on the regulatory and risk fronts. Ron Seigneur, CPA/ABV, the managing partner of Colorado firm Seigneur Gustafson LLP, shares more on the topic, including what to look for in proposed federal legislation. What you’ll learn from this episode: - An explanation of the difference between cannabis, hemp, and marijuana. - More on the cannabis-specific guidance for accountants offered by the AICPA and the National Association of State Boards of Accountancy. - The professional risks to consider before adding clients from cannabis-related industries. - The COVID-19 pandemic’s effect on cannabis businesses. - Why legalization in some states does not mean those states become cannabis epicenters. - How legislation could change the landscape for cannabis businesses.
9/21/202036 minutes, 22 seconds
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Implementing the payroll tax deferral, part 2

This podcast episode follows up one posted on Aug. 20 about President Donald Trump’s memorandum directing Treasury to defer the withholding, deposit, and payment of workers’ 6.2% Social Security or Railroad Retirement tax for the last four months of 2020. Since then, Treasury and the IRS have issued much-anticipated guidance on just how the deferral applies and how the taxes are likely to have to be repaid. Ed Karl, the AICPA’s vice president–Tax Policy & Advocacy, described the memorandum in the first podcast episode. Now he returns to describe what the guidance in Notice 2020-65 provides — and what it still leaves unclear. He has also written a post on the AICPA Insights blog titled “Employee Payroll Tax Deferral — Is It Workable?” that outlines what CPA advisers can tell their business clients with employees about the deferral. What you’ll learn from this episode: -The notice puts the responsibility for deferring — and repaying — the taxes squarely on employers. -Although the notice doesn’t say so directly, it is clear that employers do not have to participate in the deferral. -The deferred taxes must be ratably repaid in the first four months of 2021 from wages and compensation of an employee whose payroll taxes were deferred. But what about an employee who leaves the job before that happens or a business that goes under? Employers “may make arrangements to otherwise collect” the taxes from the employee. The notice doesn’t elaborate on how they might do that, so we hypothesize. -We assess efforts that are afoot in Congress on the one hand to forgive the deferred taxes entirely and to overturn the president’s memorandum on the other.
9/11/202024 minutes, 3 seconds
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Insight on hiring, top challenges, and more from U.S. finance execs

Finance executives in the United States are more confident about their own businesses than about the overall economy. Why is that? And what is the hiring outlook for companies for the next 12 months? Ken Witt, CPA, CGMA, a senior manager for management accounting and member engagement at the AICPA, provides further detail and analysis on the quarterly Business and Industry Economic Outlook Survey, the last before the Nov. 3 presidential election. What you’ll learn from this episode: - How finance leaders view the domestic economy and their own businesses. - Why election season brought about a change to the list of top challenges this quarter. - The component in the CPA Outlook Index that ranks higher than others by a wide margin. - The business sectors showing improvement and the ones that continue to struggle. - How the pandemic may be changing the real estate needs of businesses.
9/8/20209 minutes, 48 seconds
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Teleworking and state and local taxes

This episode explores the huge implications for state and local taxes raised by workers more often untethered from the employer’s physical location, sometimes in another state. And now, during the COVID-19 pandemic, remote teleworking has become the rule for many professions. Eileen Sherr, CPA, MT, and Mo Bell-Jacobs, J.D., bring us up to speed. Sherr is a senior manager with the AICPA’s Tax Advocacy team in charge of the AICPA State and Local Tax Technical Resource Panel, or SALT TRP, and Bell-Jacobs is a senior manager at RSM National Tax in Washington and a member of the SALT TRP.
8/24/202021 minutes, 41 seconds
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Implementing the payroll tax deferral

In this podcast, we touch base with Ed Karl, the AICPA’s vice president–Tax Policy & Advocacy, to discuss questions the AICPA Tax Executive Committee has raised in official comments to Treasury and the IRS concerning President Donald Trump’s Aug. 8 memorandum ordering Treasury to defer the withholding, deposit, and payment of payroll taxes imposed by Sec. 3101(a) — better known as the employee portion of Social Security tax, currently 6.2% of covered wages and compensation — and a comparable rate of tax under Sec. 3201 — that’s the Railroad Retirement tax — for Sept. 1, 2020, through the end of the year. We’ll explore the range of issues that Treasury and the IRS face as they implement this order and what it all could mean for employers and employees.
8/20/202021 minutes, 37 seconds
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6 new business realities in the pandemic era

The changes brought about and accelerated by the COVID-19 pandemic are numerous. Our day-to-day lives have been altered, forcing rapid adaptation. A new report from the Association of International Certified Professional Accountants and EY Seren, explores the patterns of behavior emerging from this uncertain time. The report, Human Signals, also offers actions for accountants to take. This podcast, the second of two parts, takes an in-depth look at what the report’s findings mean for leaders and organizations. In part one, Association CEO and AICPA President and CEO Barry Melancon, CPA, CGMA, shared more about this transformational time. Then Joel Bailey, a director at EY Seren and a report author, delved into the research behind the report. In this second part, executive coach and consultant Gretchen Pisano offers practical applications from the report and discusses how its findings dovetail with what she’s hearing from leaders. Pisano is the CEO and co-founder of pLink Leadership, a management consultancy that provides leadership development and executive coaching.
8/13/202028 minutes, 56 seconds
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7 human behavior insights you need to know

The changes brought about and accelerated by the COVID-19 pandemic are numerous. Our day-to-day lives have been altered, forcing individuals and organizations to adapt quickly. A new report from the Association of International Certified Professional Accountants and EY Seren explores the patterns of behavior emerging. The report, Human Signals, also offers advice for accountants in an era of uncertainty. This podcast is the first of two parts that take a closer look at the report’s findings and action items. In this episode, Association CEO and AICPA President and CEO Barry Melancon, CPA, CGMA, shares more about this transformational time. Then Joel Bailey, a director at EY Seren and a report author, delves into the research behind the report. In the second part, executive coach and consultant Gretchen Pisano offers practical applications from the report and discusses how its findings dovetail with what she’s hearing from leaders.
8/13/202024 minutes, 42 seconds
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What you probably didn’t know about racism in the workplace

The culture of a workplace, be that in a company or an accounting firm, determines how employees and customers are treated, says Stephanie Creary, an identity and diversity scholar and professor of management at the Wharton School of the University of Pennsylvania. To assess how racism is a factor requires open, frank conversations and leaders willing to listen and learn what they probably didn’t know. What you’ll learn from this episode: - Starting conversations about racism with Black Lives Matter and police violence may not be the most effective thing to do. - An expert or coach can facilitate conversations about racism, help people work with their emotions, and create learning environments. - It’s necessary to customize diversity and inclusion training based on the roles and positions people hold in the organization. - Programs that succeed in recruiting and mentoring Black employees involve everybody in the organization.
8/3/202025 minutes, 48 seconds
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Pandemic-related legal risks that you can’t afford to ignore

These days, it’s tough to know the best next steps for organizations that are reopening to customers or employees — or considering doing so. Lee Terry, who practices corporate and securities law for the Denver firm Davis Graham & Stubbs, has advised organizations and CFOs for years on crisis management. Terry offers insight into the legal concerns that organizations are facing and this advice on future business planning: “You cannot rely on the same kinds of estimates and expectations that you have in the past.”
7/20/202019 minutes, 57 seconds
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How the new audit evidence standard can improve audit quality

The new principles-based standard on audit evidence, issued last week by the AICPA Auditing Standards Board, addresses issues such as emerging technology, professional skepticism, and expanding sources of information. Jay Brodish, CPA, a partner at PwC, and Bob Dohrer, CPA, CGMA, the chief auditor of the AICPA, discuss the standard in detail, explaining how it can be applied to today’s evolving business climate.
7/14/202027 minutes, 5 seconds
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A tax marathon check-in

We check back in with two AICPA leaders: Ed Karl, the AICPA’s vice president–Tax Policy & Advocacy, and Chris Hesse, a tax principal in the National Tax Office of CliftonLarsonAllen in Kennewick, Wash., who also chairs the AICPA Tax Executive Committee. They’ll update us on how the 2020 marathon of a tax return filing season is going, whether the coronavirus-related return due date delay until July 15 is long enough, and what other relief taxpayers and their CPAs need.
7/1/202025 minutes, 32 seconds
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Working from home: What does the future hold?

The work-from-anywhere revolution received a jolt in March, when office workers were sent home because of concerns about the spread of COVID-19. More companies were embracing flexible work practices before the pandemic, but now that movement has been accelerated. Tom Hood, CPA/CITP, CGMA, the CEO of the Maryland Association of CPAs and the Business Learning Institute, shares insight into the future of remote work, why a company’s approach to flexible work can define its culture, and more.
6/29/202021 minutes, 3 seconds
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Recognizing and rooting out racism: Advice for leaders

Laura Morgan Roberts, Ph.D., a professor at the University of Virginia’s Darden School of Business, is an editor of the recent book 'Race, Work, and Leadership: New Perspectives on the Black Experience'. She has studied race in the workplace extensively. With attention on racial disparities sparked by killings and then protests, the time is right for organizations to hear her message. Morgan Roberts shares insight on why some organizations and leaders resort to silence instead of speaking about racism, why it’s easier to talk about diversity and inclusion than about race, the qualities of an effective public statement, and what follow-through after the statement looks like.
6/15/202035 minutes, 32 seconds
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The technology — and human — lessons of COVID-19

Our ninth annual technology roundtable podcast was initially recorded in early March, just before the coronavirus pandemic started wreaking havoc on American lives and the economy. With the world at a dramatically different place than when we first recorded, the roundtable participants agreed to hold another call May 6 to discuss the impacts of COVID-19 on accounting, accounting technology, and accountants themselves. Participating in the episode are two of the top technology experts in the accounting space: Donny Shimamoto, CPA/CITP, CGMA, founder and managing director of IntrapriseTechKnowlogies LLC, and Amanda Wilkie, a consultant with Boomer Consulting. They are joined by small firm owner Nikki Winston, CPA, who leverages technology to provide accounting services and CPA Exam coaching through her firm, The Winston CPA Group.
5/22/202024 minutes, 42 seconds
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The hard trends that matter more than ever now

A hard trend can be defined as a predictable, future fact. While it’s tough to predict the price of oil or the direction of the stock market daily or weekly, finance professionals can focus on hard trends to have a better understanding of where business is heading. Tom Hood, CPA/CITP, CGMA, the CEO of the Maryland Association of CPAs and the Business Learning Institute, shares insight into three hard trends and why they matter for accountants now.
5/18/202021 minutes, 8 seconds
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State and local taxes during the pandemic

Eileen Sherr, CPA, CGMA, a senior manager in the AICPA’s Tax Policy and Advocacy team in Washington, D.C., describes her work with volunteer members of the AICPA’s Technical Resource Panel for State and Local Taxation and with state CPA societies as they advocate with state tax authorities for coronavirus-related taxpayer relief at the state and local level, and resources for keeping track of each jurisdiction’s response. What you’ll learn from this episode: - In what ways state tax filing and payment relief measures do and don’t correspond to those of the federal government. - What further provisions the AICPA has recommended for state and local tax administrative and filing and payment relief during the pandemic. - Links to AICPA resources for learning more about state and local tax relief provisions and guidance related to COVID-19.
5/6/202018 minutes, 17 seconds
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How family businesses can stay resilient during the COVID-19 crisis

Jonathan Flack, CPA, the U.S. family business services leader at PwC, discusses the struggles family businesses are facing during the current economic crisis, as well as the unique strengths that can help them weather hard times such as these. He also shares advice for clients who are family business leaders, especially around communicating with staff and stakeholders. What you’ll learn in this episode: - How family businesses are faring during the current economic crisis. - How these businesses can improve liquidity during the economic downturn. - Advice for family business leaders having hard discussions with stakeholders. - The strengths of family businesses that can help them endure in this crisis. - What role continuity planning can play in crises of this nature.
4/30/202012 minutes, 6 seconds
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How CPAs can help small businesses survive the pandemic

CPAs are playing a vital role in helping smaller businesses cope with the COVID-19 pandemic. Julie Killian, CPA, a shareholder at Clayton & McKervey in Michigan, discusses how her firm’s clients are responding to the crisis. She also shares steps smaller businesses can take to improve their financial standing and increase their chances of staying afloat. What you’ll learn in this episode: - The relatively simple tool that’s an essential first step for businesses struggling to get a handle on their situation. - What businesses should do first if they find themselves short on cash. - Why demand for the Paycheck Protection Program (PPP) is so high. - How businesses can determine whether they’re eligible for the PPP, Economic Injury Disaster Loans, or both. - What clients should know about applying for government stimulus programs.
4/29/202016 minutes, 33 seconds
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Quick relief with the CARES Act

Chris Hesse, CPA, the AICPA Tax Executive Committee chair, analyzes how the CARES Act’s provisions allowing carryback of net operating losses for 2018 through 2020 interact with other new provisions.
4/27/202028 minutes, 9 seconds
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What to know before offering client accounting services

Mary May, principal, and Stephanie Howard, client accounting services manager, at tonneson + co in Wakefield, Mass., discuss how client accounting services can benefit both firms and clients, and share their best advice for firms that are looking to add or expand their offerings in this area.
4/21/202016 minutes, 12 seconds
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Why companies must seriously consider board refreshment

Boards that fall in lockstep with management decisions are neglecting one of their critical roles: being strong monitors of a company. Refreshment policies that include term or age limits are just one strategy that organizations can employ to keep their boards strong and independent. Corporate governance expert Charles Elson shares insights on board best practices.
4/13/202026 minutes, 48 seconds
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Application advice for SBA loans

Questions about the U.S. Small Business Administration’s Paycheck Protection Program (PPP) loans aimed at helping small businesses hurt by the coronavirus pandemic are numerous. Glen Frost, CPA, J.D., and Matthew Kraeuter, J.D., partners in the firm Frost and Associates LLC, share information on eligibility, the amount of money available, interest rates, and more.
4/9/202020 minutes, 20 seconds
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Pandemic-specific guidance for auditors and preparers

The consequences of the coronavirus on financial statement preparation and auditing are complex. Preparers and practitioners have not faced a disruptive event of this magnitude, so questions abound as new obstacles and scenarios present themselves. Two CPAs share guidance for preparers and practitioners.
4/7/202031 minutes, 51 seconds
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How CPAs can fight fraud in the COVID-19 pandemic

Coronavirus is an opportunity for fraudsters to take advantage of fear and confusion. Elizabeth Woodward, CPA/CFF, and Howard Silverstone, CPA/CFF, discuss how accountants can identify and prevent coronavirus-related fraud.
4/6/202021 minutes, 46 seconds
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You’re suddenly WFH: An example of how to adapt

As a local government employee, Carrie Kruse, CPA, CGMA, had almost no work-from-home experience before a few weeks ago. But Kruse, an economic development coordinator with the city of Des Moines, Iowa, has adapted well to the sudden change brought about by coronavirus concerns. She shares insights on staying efficient, knowing when to unplug, and why she won’t wear sweatpants while working at the dining-room table.
3/31/202018 minutes, 54 seconds
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Relieving the April 15 'pressure point'

As part of the government’s response to the coronavirus’s spread and economic fallout, the IRS postponed the deadline for income tax return filings and payments that would have been due on April 15, 2020, for 90 days, to July 15. In this episode, Ed Karl, CPA, the AICPA’s vice president–Tax Policy & Advocacy, outlines how the delay came about — and what it means for CPA tax practitioners and their clients.
3/28/202020 minutes, 2 seconds
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Tech tips for firms responding to coronavirus

Busy season has taken on a new meaning because of coronavirus concerns, which have forced firms and other organizations to quickly set up alternate work environments. Les Nettleton, director of information technology at New Orleans firm Bourgeois Bennett, has firsthand experience in crisis planning, having gone through Hurricane Katrina in 2005. He shares advice for organizations assessing the feasibility of longer-term remote work in response to the coronavirus.
3/13/202028 minutes, 22 seconds
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Getting states on board: A model for partnership tax audits

The rules have changed for IRS examinations and adjustments of partnership returns at the federal level, but are the states following suit? We’ll find out how model legislation issued by the Multistate Tax Commission, developed in collaboration with the AICPA and other stakeholders, is being adopted across the United States.
3/9/202024 minutes, 14 seconds
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Help your staff make it through busy season

Busy season is often the most stressful time of the year for CPAs in public accounting. Eustis Corrigan, CPA, senior managing director at CBIZ MHM in Memphis, Tennessee, a veteran of more than 30 tax seasons, shares what his firm does to support staff during busy season.
3/2/202013 minutes, 18 seconds
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Open source information and forensic accountants

Veteran investigator Cynthia Hetherington offers practical tips and guidance on how forensic accountants can use the open source information found on the internet to make themselves smarter, better investigators while staying within privacy laws.
2/17/202021 minutes, 39 seconds
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Where accounting really stands with blockchain

Erik Asgeirsson, president and CEO of CPA.com, and Ron Quaranta, founder and chairman of the Wall Street Blockchain Alliance, examine tax and accounting issues related to cryptoassets and explore assurance opportunities blockchain is creating for accountants.
2/3/202021 minutes, 4 seconds
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Sponsored: What’s new for QBI?

Drake Software Vice President of Strategic Development John Sapp, CPA, briefly explains the Sec. 199A qualified business income (QBI) deduction safe harbor rule and Forms 8995 and 8995-A. (Sponsored by Drake Software)
1/22/202014 minutes, 13 seconds
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A farewell chat with Tech Q&A author J. Carlton Collins

After nine years writing our Technology Q&A column, J. Carlton Collins, CPA, decided the end of 2019 was the right time to retire. In this episode, Collins talks about how he came up with the hundreds of technology topics he covered, how he became a good writer, and how he feels about ending his run with our most popular column.
1/20/202021 minutes, 46 seconds
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The outlook of finance decision-makers for 2020

How long can cautious optimism last for an upward U.S. economy aptly described as “long in the tooth”? This episode delves into the thinking of CPA decision-makers.
1/6/20208 minutes, 30 seconds
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Humpty Dumpty meets the tax code

In the world of tax law, words have statutorily set definitions or are interpreted by judges using precedent and reason. Annette Nellen, Esq., CPA, CGMA, walks us through four recent decisions by the U.S. Tax Court to show how the precise application of a word or phrase can make a world of difference.
12/23/201923 minutes, 35 seconds
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You might be a tax shelter if …

The Tax Cuts and Jobs Act made tax accounting easier for many businesses with average annual gross receipts of $25 million or less (inflation-adjusted to $26 million for 2019). The benefits include the cash method of accounting, exemption from UNICAP rules, exemption from some inventory accounting requirements, and more. But an “exception to the exceptions” denies these advantages to tax shelters, including “syndicates.” Chris Hesse, chair of the AICPA’s Tax Executive Committee, reveals where the traps lie.
12/18/201920 minutes, 27 seconds
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What’s next for potential CPA licensure changes

What’s the latest on a new licensure model proposed by the National Association of State Boards of Accountancy and the AICPA? This podcast episode gets you caught up.
12/16/201914 minutes, 39 seconds
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5 steps to a successful sale

With mergers-and-acquisitions activity on the upswing and Baby Boomers retiring in large numbers, many owners are now looking to exit their businesses. Fentress Seagroves, deals partner for the U.S. with PwC, outlines the steps business owners can take to ensure a successful transition and discusses the many ways CPAs can support them during this process.
11/25/201924 minutes, 29 seconds
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How the CPA Exam is poised to change

New technologies with the power to reshape accounting, such as data analytics, are emerging all the time. Rich Gallagher, CPA, senior director of content for the AICPA Examinations team, explains how the CPA Exam is able to keep up with such changes.
11/18/201921 minutes, 9 seconds
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Taxes and Washington’s unfinished business

Tax planning and return filing readiness depend in no small part on the actions of Congress and the IRS and Treasury in the countdown to 2020. Ed Karl, AICPA vice president–Taxation, gives some inside-the-Beltway prognostications.
11/14/201923 minutes, 15 seconds
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The tech trends we’ll see in 2020 and beyond

2020 is not far away, and that means major changes related to technology are coming at us fast. The tech-focused founder of a consulting firm provides a preview.
11/6/201927 minutes, 8 seconds
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Emerging global fraud trends

Fraud and forensics expert Roger Darvall-Stevens explores emerging global fraud trends and what finance professionals and accountants can do to protect themselves and their firms.
10/31/201918 minutes, 47 seconds
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Roller derby’s role in fighting impostor syndrome

Can roller derby double as leadership development? Can we really exercise our “confidence muscles”? Jen Gardner, CPA, says yes to both.
10/23/201923 minutes, 9 seconds
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How to make clients love your firm

Clients who feel an emotional connection to your firm can be your greatest assets — especially in an age where accounting work is becoming increasingly commoditized. Julie Littlechild, founder and CEO of Absolute Engagement, discusses what her organization’s research reveals about how clients become truly engaged with an accounting practice.
10/14/201923 minutes, 11 seconds
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Serious presentation tips from a stand-up comic

John Garrett -- a stand-up comedian, widely traveled speaker, and former practicing CPA -- shares insights on how to deliver a memorable presentation at your next conference.
10/7/201925 minutes, 29 seconds
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Subject line to salutation: Email rules to live by

Should you use an emoji in email? Is there value in reaching “inbox zero” status? Byron Patrick, CPA/CITP, CGMA, has answers in this podcast episode.
9/23/201924 minutes, 28 seconds
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How to manage a difficult relationship with your boss

Karen Dillon, a former editor with Harvard Business Review and author of the HBR Guide to Office Politics, discusses assertive strategies for empowering your career when you have a rocky relationship with your boss.
9/16/201919 minutes, 32 seconds
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Why U.S. business confidence is dropping

What is the top challenge facing U.S. finance executives? This podcast episode explores that topic and two other fast-rising obstacles detailed in a quarterly survey.
9/9/20199 minutes, 14 seconds
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Tips for effective not-for-profit governance

A not-for-profit’s survival depends on high-quality oversight from its board. In this episode, learn how using the right governance strategy can help your not-for-profit thrive.
9/3/201912 minutes, 13 seconds
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How much are college football teams worth?

Have you ever wondered how much your favorite college football team is worth? Mark Zyla, CPA/ABV, and Dan Cohen, Esq., discuss the value of teams to universities — and the ways in which a CPA might try to determine their financial valuation.
8/29/201926 minutes, 23 seconds
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How good are you at receiving feedback?

Ample advice exists for managers to improve on how they deliver feedback. Less common is coaching on how to be better at receiving feedback. Rebekah Brown, CPA, director of development for the Maryland Association of CPAs and the Business Learning Institute, shares insight on receiving feedback.
8/26/201921 minutes, 1 second
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Tips for overcoming workplace dysfunction

Should you immediately tell a co-worker about a dysfunctional work environment? It’s one of several questions addressed by leadership expert Jennifer Wilson.
8/19/201921 minutes, 42 seconds
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How CPAs can help family businesses with succession planning

Jonathan Flack, CPA, discusses why leaders of family businesses have such a difficult time with succession planning and what CPAs can do to help them.
8/12/201923 minutes, 33 seconds
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Recognizing and managing different personality types

How does an “eager beaver” work best with a pessimist? This is one example of how different personality types might interact at work. Learn more in this episode.
8/5/201914 minutes, 18 seconds
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Insight into the state of small business

Why are small business owners optimistic? And why do they have cause for concern? A close follower of small business has answers.
7/31/20198 minutes, 48 seconds
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Why the CPA licensure process could change

This episode addresses how and why CPA licensure requirements might evolve as a result of the technological revolution that’s transforming the accounting profession.
7/29/201916 minutes, 2 seconds
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A closer look at threats to CPA licensure

Legislation in states around the country could put CPA licensure in danger. This episode examines what practitioners need to know to help ensure the profession is protected.
7/22/201920 minutes, 54 seconds
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Implementation insight from FASB’s vice chair

FASB vice chairman Jim Kroeker shares advice for successful implementation of accounting standards, as well as what’s on the horizon for FASB.
7/15/201922 minutes, 19 seconds
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The father of the 401(k) on how his invention has reshaped retirement

Ted Benna talks about how and why he came up with the 401(k), its advantages and drawbacks, how he’d change it if given the chance, and how it’s reshaped retirement.
7/8/201920 minutes, 48 seconds
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The hiring outlook for U.S. businesses

What is the top challenge U.S. finance executives say they are facing? This podcast explores that challenge, along with projections for the coming year.
6/24/20199 minutes, 59 seconds
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Memo to managers: Practice what you preach

Misty Geer, CPA, CGMA, believes that strong management goes beyond ethical behavior, efficiency, and carrying out company strategy — even though each of those is important. Managers are a key reason that employees show up to work engaged or not. Geer explains how managers can live their values, set clear expectations on schedules, engage in two-way communication, and more.
6/24/201925 minutes, 37 seconds
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Revenue recognition tips for not-for-profits

Not-for-profits have their own specific concerns related to the Financial Accounting Standards Board’s new revenue recognition standard. Find out in this episode how the new standard applies to not-for-profits.
6/17/201926 minutes, 30 seconds
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How to keep fear from short-circuiting your career

Lindsay Stevenson, CPA, CGMA, has a message for those of us who doubt ourselves or let a fear of failure take hold in this special-edition podcast recorded at AICPA ENGAGE 2019 in Las Vegas.
6/12/201919 minutes, 10 seconds
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Fraud on film: Lessons from real-life stories

What’s at the heart of fraud incidents? Opportunity is one angle, but so is rationalization, according to a university professor who has studied fraud through documentary filmmaking.
6/10/201925 minutes, 22 seconds
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Interviews that will get you the staff you want

The candidate experience is essential to hiring and retaining the right personnel, especially in today’s tight job market. Even the applicants you don’t hire walk away with an impression of you as an employer that can affect how your organization is perceived, as Troy Ashby, CPA, founder of recruiting firm Benchmark Search Group, explains.
6/3/201911 minutes, 55 seconds
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Better computer and mobile device hygiene

Have you ever had a stranger ask to borrow your mobile phone? Do you connect to public Wi-Fi networks? Cybersecurity expert Mike Foster has advice for handling those situations.
5/27/201917 minutes, 42 seconds
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How organizations can better fend off cyberattacks

Cybersecurity is a multifaceted, ever-changing concern of organizations. Cyber expert Mike Foster offers advice for keeping their networks secure.
5/20/201920 minutes, 12 seconds
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A new opportunity for auditors to communicate

Auditors’ reports will provide additional information, including a “Basis for Opinion” section in all reports, under a new standard issued by the AICPA Auditing Standards Board. Learn more about the new requirements, which include updates related to going concern.
5/10/201915 minutes, 35 seconds
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Why you can’t wait to prepare for disaster

Jennifer H. Elder, CPA/CFF, CGMA, co-author of the book "Faster Disaster Recovery: The Business Owner’s Guide to Developing a Business Continuity Plan," discusses how to prepare so that an organization’s finances and reputation will be protected if a disaster occurs.
5/6/201920 minutes, 38 seconds
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Build employee loyalty with better onboarding

Troy Ashby, CPA, founder of Dallas-Fort Worth-area recruiting firm Benchmark Search Group, outlines steps you can take to improve onboarding and increase new employees’ sense of belonging.
4/30/201910 minutes, 50 seconds
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How one vacation can change your work life

Byron Hebert, CPA, explains why he has inverted the words on a common workplace phrase, and how a 2011 invitation changed his approach to work and life.
4/22/201913 minutes, 27 seconds
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Bad relationship with your boss? How to fix it

Having a poor relationship with your manager can be detrimental to both your work and your quality of life. Maureen Hoersten, COO of staffing and recruiting group LaSalle Network, recommends ways to uncover the root cause of a bad working relationship and strategies for repairing it.
4/12/201913 minutes, 31 seconds
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The 5 traits of a great manager

As Gallup’s decades of research have shown, managers are key to an organization’s success. In this podcast, Nate Dvorak, a workplace researcher and client adviser at Gallup, reveals what Gallup’s studies say about the qualities needed for effective management and how employers can choose the right people to promote to manager.
4/1/201915 minutes, 19 seconds
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Tips to ease the stress of Form 990 preparation

IRS Form 990 is a complex, comprehensive form that can be a big challenge for a not-for-profit organization to prepare. Brian Yacker, CPA, managing director of YH Advisors, describes best practices for a stress-free and compliant preparation of Form 990.
3/25/201918 minutes, 54 seconds
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The most important skill for CPAs — and machines

To succeed in the age of artificial intelligence (AI), CPAs must be taught new ways to learn and must learn why machine learning means they should be patient with AI. Find out more in Part 2 of our annual Accounting Technology Roundtable podcast.
3/25/201929 minutes, 13 seconds
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New developments in UBIT for not-for-profits

The unrelated business income tax (UBIT) provisions of the Internal Revenue Code have long been a source of confusion for not-for-profits. Dave Moja, CPA, a tax partner at CapinCrouse LLP, discusses some of the activities not-for-profits should be aware of that produce unrelated business income.
3/19/201921 minutes, 9 seconds
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What CPAs need to know to succeed in new tech age

The Paul Reveres of accounting have been on their horses for the past couple of years, crying out that technologies such as AI and blockchain are set to invade the profession. “The robots are coming! The robots are coming!” Very well, but what should CPAs be doing about it? Find out in Part 1 of our annual Accounting Technology Roundtable podcast.
3/18/201925 minutes, 35 seconds
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4 key tax reform provisions for not-for-profits

With tax season underway for calendar-year taxpayers, Betsy Krisher, CPA, president of the Pennsylvania-based firm Maher Duessel, explains four key provisions in the new tax law that have a significant effect on not-for-profits.
3/14/201914 minutes, 22 seconds
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How to become the speaker people listen to

To live up to her full professional potential, Geni Whitehouse, CPA, CGMA, became the “Countess of Communication.” It wasn’t easy to become a speaker people listen to, but the result is rewarding on multiple levels. Find out how Geni did it.
3/11/201917 minutes, 54 seconds
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The concerns of generally upbeat finance leaders

Sentiment is positive overall among U.S. finance decision-makers. Hear more about the issues causing them concern, both at home and abroad.
3/7/201912 minutes, 1 second
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The link between rowing, the Super Bowl, and FP&A

What can FP&A professionals learn from a famous Super Bowl play? And what’s the role of storytelling in FP&A? Learn more in this podcast episode.
2/24/201919 minutes, 30 seconds
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How to get clients to follow your advice

Having clients fail to take your advice can be frustrating. But by changing the way you offer that advice, you can increase the chances that clients will comply.
2/18/201922 minutes, 53 seconds
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Simple fraud prevention tips

Fraud prevention doesn’t need to be complex. In fact, a few simple steps can help organizations of any size be better at fighting fraud.
2/11/201917 minutes, 22 seconds
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How tax reform has changed busy season preparation

Practitioners still have a lot of questions about tax reform — including everything from dealing with binding and nonbinding Tax Cuts & Jobs Act (TCJA) guidance to individual planning considerations.
2/4/201921 minutes, 5 seconds
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Stay in charge of your time and energy

Kevin Gienger, CPA, shares ways CPAs can better manage their time and become more productive without losing sight of what’s most important to them.
1/25/201925 minutes, 39 seconds
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What CPAs need to know about Sec. 199A guidance and SSTBs

One of the areas that accountants are most interested in regarding tax reform is Sec. 199A guidance — and, more specifically, how the deduction for qualified business income relates to a specified service trade or business. In this episode, Tony Nitti, CPA, addresses some popular questions on that topic.
1/17/201919 minutes, 58 seconds
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How to improve communication at small CPA firms

If poor communication is leading to inefficiency — or worse — at your firm, this podcast episode with AICPA board member Melody Feniks will provide strategies that can help.
1/9/201934 minutes, 17 seconds
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The reasons behind a drop in US economic sentiment

Each quarter, the Association of International Certified Professional Accountants surveys finance decision-makers in the United States about their outlook for the coming 12 months. The fourth-quarter results show that sentiment has dipped regarding the domestic and global economies. The decline is in part due to subsiding euphoria of the first quarter and tax law changes, though the overall outlook remains strong. Ken Witt, CPA, CGMA, the Association’s lead technical manager for management accounting, delves further into the results, focusing on hiring plans and the top challenges facing businesses.
12/7/201814 minutes, 21 seconds
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Twin brothers reflect on decades of teaching accounting

Identical twin brothers Harold Little, CPA, CGMA, Ph.D., and Carroll Little, CPA, DPA, share the unusual distinction of having both served as the chairs of AACSB-accredited accounting departments. The brothers look back at their journey from students to practitioners to faculty members.
12/4/201825 minutes, 29 seconds
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Why CPAs can’t wait on automation tools

What do accounting firms waiting on others to develop AI, automation, and data analytics tools have in common with a baseball fan sitting in a stadium filling with water at an exponential rate? The answer could determine your firm’s fate.
11/30/201823 minutes, 51 seconds
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Why CPAs can’t wait on automation tools

What do accounting firms waiting on others to develop AI, automation, and data analytics tools have in common with a baseball fan sitting in a stadium filling with water at an exponential rate? The answer could determine your firm’s fate.
11/30/201823 minutes, 51 seconds
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Different ways to understand blockchain

Blockchain expert Amanda Wilkie provides a guided tour around the blockchain ecosystem, explaining how the internet, ATMs, and even postage stamps can help CPAs comprehend how the digital distributed ledger and related technologies work.
11/21/201826 minutes, 9 seconds
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What it was like to work for a legendary CPA

Lester McKeever talks about what it was like to work for Mary T. Washington, a legendary accountant who became the first female African-American CPA in 1943, and also offers advice on succession planning at smaller firms.
11/16/201815 minutes, 54 seconds
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What CPAs need to know about firm mobility

This episode will bring you up to date on the latest developments in CPA firm mobility.
11/9/201813 minutes, 16 seconds
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Working together to grow the CPA pipeline

Accounting students are the future of the profession. So how can professors and practitioners work together to make sure those students complete their education and go on to earn their CPA license with the skill sets they need to be successful?
10/22/201847 minutes, 8 seconds
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How the skill set for today’s CFO is changing

An expert on large-company CFO searches shares insights into where executives are coming from and more in this podcast.
10/15/201831 minutes
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How to interview for soft skills

Rian Powell, senior director of recruiting at Chicago-area staffing and recruiting firm LaSalle Network, explains the right questions to ask during job interviews to assess candidates’ soft skills.
10/1/201818 minutes, 36 seconds
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Why our passions are essential to work success

John Garrett, a former accountant and stand-up comedian, speaks on how being energized by our outside interests can energize us at work.
9/12/201829 minutes, 27 seconds
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Top takeaways from the latest Economic Outlook Survey

Hear more about companies’ hiring plans and profit projections from the third-quarter Business & Industry Economic Outlook Survey.
9/10/201812 minutes, 2 seconds
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Tips for working with Millennial clients

Cortlon Cofield, CPA/PFS, offers his best advice for marketing to and working with Millennial clients.
9/4/201821 minutes, 37 seconds
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Lessons learned from a multibillion dollar fraud

Aaron Beam, the first CFO at HealthSouth, tells a cautionary tale of greed taking precedence over ethics.
8/22/201820 minutes, 18 seconds
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Using drones to enhance audits

Hermann Sidhu, CPA, global assurance digital leader at EY, walks us through EY’s exciting new project to use drones to help audit large warehouses and outdoor inventories.
7/25/201819 minutes, 14 seconds
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The traits of truly great leaders

Tommy Spaulding has traveled the world speaking on the topic of leadership, and he’s the author of two books, The Heart-Led Leader and It’s Not Just Who You Know. Listen to this episode to learn more about Spaulding’s focus on leading with the heart.
7/24/201815 minutes, 12 seconds
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Is state legislation endangering the CPA license?

The regulatory environment around the country is causing concern among CPAs — who are keeping a close watch on state legislation that might affect CPA licensure.
6/27/201812 minutes, 46 seconds
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How tax reform is impacting tax practitioners

Jeffrey Porter, CPA, discusses how practitioners are dealing with the changes so far.
6/12/201812 minutes, 46 seconds
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How CPAs can become thought leaders

According to Brandon Allfrey, CPA, CGMA, partner with Squire and Company, thought leadership can be a career-booster for just about everyone.
6/5/201817 minutes, 13 seconds
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How tax reform — and Excel — are changing the CPA Exam

Mike Decker, the vice president of examinations at the AICPA, discusses changes being made to the exam as a result of tax reform — and about how Excel will now be available for use on the test.
6/4/201810 minutes, 59 seconds
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How to make women’s initiatives more successful

Nancy Droesch, CPA, co-founder of WILLO LLC, explains what employers can do to make their women’s initiatives stronger and more successful.
5/15/201822 minutes, 48 seconds
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What it was like to be a female CPA in the 1970s

Four women CPAs look back at that time, and share their funny, inspiring, and eye-opening stories about what it was like to be a pioneering female CPA.
5/9/201833 minutes, 18 seconds
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Feeling frazzled? Try these tips for greater focus

Time management specialist Pam Vaccaro, CEO of Designs on Time, discusses ways CPAs can improve their focus to become more productive and satisfied at work.
5/4/201829 minutes, 57 seconds
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Beyond Boomers and Millennials: Bridging the generational gap in the workplace

Forget Boomers, Millennials, and Xers. Robby Riggs, co-author of Counter Mentor Leadership, says generational conflict in the workplace boils down to tensions between two groups: the BOSSes and the KIDS.
4/23/201826 minutes, 4 seconds
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What CPAs need to know about providing services to marijuana businesses

Providing accounting services to marijuana businesses is full of potential legal and ethical minefields. This episode explores what CPAs need to know about the latest developments in providing accounting services to marijuana businesses.
4/18/201811 minutes, 2 seconds
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Want to bring your employees together? Send them on a “Death March”

For 40 years, employees at HMWC CPAs and Business Advisors in Orange County have taken part in an annual tradition dubbed the “Death March”: a camping, hiking, or rafting trip in one of the continent’s most beautiful national parks.
4/12/201827 minutes, 7 seconds
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Networking secrets that will help advance your career

Todd Cohen, a regular speaker at the AICPA’s CFO Conference, explains why we should network regularly, as opposed to networking only when we need to.
3/30/201827 minutes, 2 seconds
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How to keep employees in the game

Brandy Amidon, CPA, the CFO at South Carolina marketing and creative agency Brains on Fire, found a way to hold employees’ interest and get them to care more about the organization’s profitability.
3/28/201824 minutes, 7 seconds
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What to know before you go into business with someone

Mark Zyla, CPA/ABV/CFF, joins this edition of the podcast to talk about business prenups and divorce — and how they can impact your business’s valuation.
3/23/201829 minutes, 36 seconds
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A CPA firm with Silicon Valley DNA

Wesley Middleton, CPA, founder and managing partner of MiddletonRaines+Zapata, discusses his unique leadership style and how and why his firm does things differently.
3/16/201819 minutes, 11 seconds
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How national tax reform is impacting state taxes

CPAs around the country are still trying to figure out how the recent national tax reform will impact their clients at the federal level. But they’re also interested in how it will impact their clients at the state level. In this podcast, guest Eileen Sherr, a CPA and CGMA who is an AICPA tax expert, addresses some of the key questions CPAs — and their clients — need answered.
3/9/201824 minutes, 15 seconds
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A new staffing model for accounting firms

What will accounting firms and accounting departments look like after lower-level, repetitive tasks are automated and unprecedented amounts of data can be mined for business insights? That topic takes center stage in the second part of our annual accounting technology roundtable podcast.
3/6/201825 minutes, 7 seconds
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How AI, blockchain, and automation will reinvent accounting

Three of the profession’s top technology experts discuss the radical changes emerging technologies will bring to accounting — and accountants — over the next 1–5 years.
2/27/201827 minutes, 46 seconds
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How tax reform will impact individual taxpayers

Individual taxpayers have plenty of questions about how the new tax reform law will impact them. So we asked Amy Wang, a CPA who is a senior technical manager for tax advocacy at the AICPA, to provide some clear, easy-to-understand answers to some of the most common questions. If you care about tax reform — whether you’re a CPA or a CPA client — this podcast is for you.
2/9/201810 minutes, 33 seconds
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Private student loan debt: What CPAs need to know

Borrowing money to pay for school has grown in popularity over the years, but it can have consequences that linger long after graduation. We examine what potential borrowers need to know when considering taking out private student loans.
2/7/201819 minutes, 45 seconds
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Student loan debt: Everything you need to know but were too afraid to ask

We take a look at what potential borrowers need to know when considering taking out a government-funded student loan.
1/24/201824 minutes, 5 seconds
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Watch out for these fraud red flags

Detecting fraud is often extremely difficult. But there are some things that accountants can watch out for. Howard Silverstone, a CPA who is a director at Forensic Resolutions Inc., shares some great stories about fraud — and explains the red flags that they help illustrate.
1/8/201816 minutes, 15 seconds
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When accountants walked with kings: Jacob Soll’s The Reckoning

Accounting history is a lot more exciting than you realize. Historian and MacArthur Fellow Jacob Soll, author of "The Reckoning: Financial Accountability and the Rise and Fall of Nations," discusses the vital role accounting played in the French and American revolutions.
12/6/201717 minutes, 33 seconds
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Tax reform: What CPAs need to know about the latest developments

Tax reform is the hot topic in Washington right now. In this episode of the podcast, which was recorded Nov. 6 at the AICPA National Tax Conference, we talk about what CPAs need to know with tax reform expert Tony Nitti, CPA, a tax partner with WithumSmith+Brown and an editorial board member of The Tax Adviser.
11/10/201722 minutes, 34 seconds
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What’s next for health care reform?

Health care reform has been one of the biggest policy issues of the year. In this episode of the podcast, which was taped Nov. 6 at the AICPA National Tax Conference, we ask health care reform expert Eddie Adkins, CPA, of Grant Thornton what will come next in the process — and what accountants need to know about it.
11/8/201713 minutes, 10 seconds
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The secrets to opening a new CPA office

Blake Christian, a tax partner with HCVT, drops in to reveal the secrets he’s learned from opening several new offices over the years.
10/11/201718 minutes, 8 seconds
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What CPAs need to know about the new tax reform framework

On Wednesday, Sept. 27, Republican lawmakers released a framework for tax reform--a key issue for CPAs and their clients. So what do practitioners need to know about the framework? Two expert guests, Alistair Nevius and Tony Nitti, join us for a special episode to help bring CPAs up to speed on the development. Nevius is the editor-in-chief of The Tax Adviser, and Nitti is a tax partner with WithumSmith+Brown and an editorial board member of The Tax Adviser.
9/29/201727 minutes
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Engage your listeners through financial storytelling

CPAs sometimes struggle to hold their audiences’ interest when presenting financial data. Peter Margaritis, CPA, tells CPAs how to use storytelling to make their presentations more compelling.
9/6/201716 minutes, 14 seconds
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What CPAs need to know about their tax software

Every year, The Tax Adviser conducts a tax software survey that readers have come to rely on to help them choose what software to use and keep up with changes in the industry. In this episode, The Tax Adviser Editor-In-Chief Alistair Nevius explains what we can learn from this year’s survey.
8/22/201711 minutes, 15 seconds
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Could unlimited vacation work at your firm?

A workplace offering an unlimited paid-time-off policy sounds like paradise for employees… and nothing but headaches for the managers responsible for making sure all the work gets done. But the management team at ATKG, a CPA firm in San Antonio, has implemented just such a policy and has been very happy with the results. In this episode, we talk to Teryn Grater, a partner at the firm, about how and why they implemented the policy.
7/27/201724 minutes, 23 seconds
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Real talk about artificial intelligence and blockchain

Artificial intelligence and blockchain are among the technologies being touted as potentially disruptive and transformational for the accounting profession. How and when will new technologies reshape the accounting profession? That’s the focus of the conversation in part 2 of our annual technology roundtable.
6/29/201727 minutes, 41 seconds
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Popular CPA Exam scoring questions answered

John Mattar, the director of Psychometrics & Research for the AICPA Examinations team, talks about how the exam was developed—and answer some common questions about scoring.
6/19/201718 minutes, 53 seconds
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A factor of singular importance in cloud computing

What should CPAs be doing to better protect their data and derive more value from the investments in technology? Find out from our panel of accounting technology experts.
5/30/201726 minutes, 32 seconds
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How a CPA overcame her fear of public speaking

Great public speakers can be made, not born. Elizabeth Pittelkow, CPA, accounting and compliance director at ArrowStream, discusses how her experience with Toastmasters turned her from someone who avoided public speaking to someone who’s made it a key part of her career.
5/24/201716 minutes, 4 seconds
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How to protect your CPA practice from hackers

Nick Graf, an ethical hacker with CNA, joins the show to discuss all the cyber threats that go bump in the night and ways to prevent them from harming your business.
5/8/201715 minutes, 44 seconds
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How CPA firms can protect themselves from lawsuits

Being a public accountant entails a certain amount of professional liability risk. But accountants can take steps to mitigate that risk. In this episode, guest Sarah Beckett Ference, CPA, of CNA talks about ways that CPAs can help prevent, or defend themselves from, lawsuits.
4/5/201717 minutes, 3 seconds
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From CPA to the classroom: Going from practitioner to professor

Many CPAs have considered giving back to the profession by teaching accounting. In this episode, practitioners-turned-professors Tony Bucaro of Case Western Reserve University and Jim Biagi of Marywood University discuss what it takes to make the move to academia.
2/27/201718 minutes, 10 seconds
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What you need to know before you sell your firm

As the founder of brokerage firm Poe Group Advisors, Brannon Poe, CPA, has helped hundreds of CPAs sell their firms. He shares insights he has learned over the course of his career, as well as best practices for selling your firm.
2/15/201719 minutes, 49 seconds
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Mistakes people make when applying for a job (Part 3)

In the third part of a three-episode series, independent recruiter Beth Berk, CPA, offers her final recommendations on what job candidates can do to secure that new position.