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Community has a new look. But we’re still connected.

At the Association of International Certified Professional Accountants, we have a responsibility to our members and the accounting profession. A key component of this responsibility is ensuring that we provide informed and robust intelligence across a range of topics. In collaboration with our partner EY Seren, we’re researching the human... Continue reading

Posted Aug 27, 2020 at AICPA Insights

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Bouncing back: How to recoup after a busy season

When this extended busy season ends, we’ll notice summer days feeling warmer and brighter. When crossing that proverbial finish line, I acknowledge freedom that leaves me feeling spacious, accomplished and abundant. Busy seasons (especially this one) can be hard, but we all come out a little stronger, wiser and more... Continue reading

Posted May 8, 2020 at AICPA Insights

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7 reasons to date a finance professional

Let’s face it—relationships are hard. No matter how smitten you may be, being with someone takes hard work, hard conversations and hard commitments. Some fish in the sea are softening these blows by choosing partners who compliment—and complement them. Fortunately, finance professionals are so well-rounded that their skill sets are... Continue reading

Posted Feb 14, 2020 at AICPA Insights

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IRS crypto guidance every tax practitioner should know

The IRS is getting serious about cryptocurrency. This fall, it released three documents that all tax practitioners need to pay attention to ahead of the 2019 filing season: a retroactive revenue ruling, FAQs for reporting cryptocurrency ownership and Form 1040 that asks taxpayers about their financial interest in virtual currency.... Continue reading

Posted Dec 23, 2019 at AICPA Insights

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12 free tax resources to get your firm ready for 2020

The new year will be here before you know it. To get a head start on tax season, check out these free resources to get your firm in top shape for 2020. Stock your arsenal of forms, templates and charts: Year-end planning letter for individuals — It’s the season. Tell... Continue reading

Posted Dec 20, 2019 at AICPA Insights

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How to ride the innovation curve

At a time of significant and constant change, how can we ensure that our organizations — and our own careers — are positioned to ride the curve of innovation? My research into the history of accounting has revealed patterns that indicate the best ways to respond to the current environment.... Continue reading

Posted Dec 12, 2019 at AICPA Insights

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How the Boston Red Sox win with data analytics

This blog has been updated as of 9/24/2020 Usually at this time of the year, the baseball stands are packed with fans watching their teams vie for a spot in the playoffs. The year 2020 might go down in history as the strangest baseball season ever due to COVID-19, but... Continue reading

Posted Dec 2, 2019 at AICPA Insights

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Is the spookiest item on your calendar a networking party?

You hear unfamiliar voices in the distance as you walk down a strange corridor to an uncertain fate. Are you entering a haunted house? No, it’s just a networking event! Halloween is today, but for many people, there are spookier things than ghosts and goblins. If your pulse races when... Continue reading

Posted Oct 31, 2019 at AICPA Insights

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7 tips to have an influence on future standards

Standards are amended, and new ones are issued. But did you know that it is possible to express your opinion—and even make a difference—in the standard-setting process? If you’ve never done so before, here are some tips based on my own experience. Your opinions are welcome! Standard setters actively solicit... Continue reading

Posted Apr 18, 2018 at AICPA Insights

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Send the right message without saying a word

Send the right message Actionable Professional Body Language Tips Do you remember the last time that someone changed your mind at work? What did the person say that convinced you to change your thoughts? Was it the words they said or how they said it to you? In professional settings,... Continue reading

Posted Apr 12, 2018 at AICPA Insights

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Everyone fails: Here’s how to bounce back

Epic fail. We’ve all been there — set out to do something great, only to come up a little short of our expectations. But that’s when the real test happens. Do we choose to throw in the towel or do we push through and use our experience with failure as... Continue reading

Posted Apr 6, 2018 at AICPA Insights

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Introducing our newest heroes: “The (CP)A-Team”

Pop culture seems to be obsessed with the 1980s. Remakes of popular blockbuster hits are now the norm for movie-goers. From “RoboCop” to “21 Jump Street” to “Footloose,” today’s entertainment is all about nostalgia. So, it’s no surprise that television’s favorite action drama, the “A-Team,” would make a comeback. Updated... Continue reading

Posted Mar 31, 2018 at AICPA Insights

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7 things every nonprofit should know about restricted assets

Your nonprofit is on a mission. Like any other business, your work requires careful accounting and financial reporting. Unlike other businesses, your not-for-profit organization has special requirements on the use and reporting of restricted assets. As an auditor specializing in the nonprofit sector, I get a lot of client questions... Continue reading

Posted Mar 30, 2018 at AICPA Insights

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Blockchain could be your solution to spreadsheet fatigue

Over 25 million Americans are still dealing with repairing airbags from one of the largest series of recalls in U.S. history. Car owners are waiting months for repairs – and many are unable to drive their cars while they wait for them to be fixed. Talk about inconvenient, expensive and... Continue reading

Posted Mar 29, 2018 at AICPA Insights

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Lead with inspired authenticity: chuck the checklist and find your why

Have you ever made your own “leadership skills checklist”? If you have, it probably included things like “active listening,” “decisiveness,” “delegation,” and “motivation,” to name a few. As accountants, we love to create checklists that can get us to a well-defined outcome – so why would we treat our efforts... Continue reading

Posted Mar 22, 2018 at AICPA Insights

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4 new opportunities blockchain could create for auditors

In case you haven’t heard, blockchain technology has the potential to change the auditing profession. A new whitepaper co-authored by the American Institute of CPAs details what opportunities could emerge for auditors. Not sure what blockchain is? Don’t worry, you’re not alone. It’s a digital, distributed ledger that contains every... Continue reading

Posted Mar 16, 2018 at AICPA Insights

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4 steps to improve nonprofit functional expense reporting

Congress, the media, watchdog agencies and funders — almost everyone wants to know how nonprofits are using their scarce resources. They look at functional expenses to make that determination, so it’s important to present the most useful and transparent information possible. To that end, FASB Accounting Standards Update (ASU) 2016-14,... Continue reading

Posted Mar 9, 2018 at AICPA Insights

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Credit losses: May the force be with your mission to CECL

Second in a series on the Financial Accounting Standards Board’s (FASB’s) Current Expected Credit Loss standard After years of debate over the role fair value accounting may have played during the subprime mortgage crisis, accountants seek to apply FASB’s current expected credit loss (CECL) standard as a “force for good”... Continue reading

Posted Mar 2, 2018 at AICPA Insights

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Now accepting applications: 5 tips for mid-season hiring

It’s the middle of busy season, and you’ve just realized you could use a little more help. Maybe you underestimated your firm’s capacity, or a staff member unexpectedly needed to leave. When it’s all hands on deck to manage client needs, mid-season hiring is a curveball no firm wants to... Continue reading

Posted Feb 27, 2018 at AICPA Insights

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Engagement letter stories — when they hurt and when they worked

As a risk management professional at CNA, professional liability insurance carrier for nearly 25,000 CPA firms, I am often asked if engagement letters are worth all the effort. The answer, based on my personal and CNA’s claim experience, is a resounding YES! I’ve experienced firsthand the value these letters bring... Continue reading

Posted Feb 13, 2018 at AICPA Insights

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10 tips to tackle the CPA Exam during busy season

If your time already seems extra valuable during busy season, try studying for the CPA Exam at the same time. Many do it, however, as they power forward to earn a credential that will significantly enhance their professional lives. If you’re about to jump into juggling the demands of busy... Continue reading

Posted Feb 8, 2018 at AICPA Insights

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Personal financial satisfaction extends record run…but for how long?

Americans are experiencing unprecedented levels of personal financial satisfaction, the highest in the 24-year history of the AICPA’s Personal Financial Satisfaction Index (PFSi). After seven consecutive quarters on the rise and a second quarter in a row setting at an all-time record, the average Americans’ personal financial satisfaction has been... Continue reading

Posted Feb 2, 2018 at AICPA Insights

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4 tips for not-for-profit accounting staff

We know the feeling. You already have a lot on your plate. And now there are significant changes coming down the pike in the form of Financial Accounting Standards Board (FASB) accounting standards updates and tax reform. If you find yourself hoping the nonprofit accounting environment will settle down in... Continue reading

Posted Dec 21, 2017 at AICPA Insights

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Your five-step guide for using data analytics in an audit

Your clients have a lot of information. And you, being the forward-thinking CPA that you are, want to use new technologies and techniques to get the most out of that data. So where do you begin? Audit data analytics (ADAs) is a great place to start. Using tools you already... Continue reading

Posted Dec 15, 2017 at AICPA Insights

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Credit losses: A new scope

If you have put off reviewing the Financial Accounting Standards Board’s (FASB) new Credit Loss standard since its effective date is “in a galaxy far, far away,” you are not alone. This is the largest accounting standard change affecting depository institutions (and other industries) within the last 40 years, so... Continue reading

Posted Dec 13, 2017 at AICPA Insights

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