News

News-_0010_reiewingstats

Problem Solving Financing – What are my options? APS Holmes Group is here to help!

Mergers and acquisitions are up, but before making a purchase, whether as an individual or as an addition to an established firm, knowing all available options for purchase is critical. For example, according to APS Holmes, purchasing a practice is typically done through a number of financing options, rather than with a lump sum payment.

Read More

Tech-3

Cyber Hygiene 101: Is Your Sensitive Data Secure?

Because smaller operations tend to have fewer resources and less security expertise than larger companies, cybercriminals view small-to-medium enterprises (SMEs) as prime targets. According to SensCy, protecting sensitive client information is less about chasing innovations in software, and more about persistent cybersecurity awareness and policy training for employees…

Read More

Business Meeting-3

Sarbanes-Oxley Celebrates 20 Years of Success

The domino-like collapse of Enron and other high-profile publicly traded companies in the early 2000s demonstrated the need for updated accounting and auditing standards. As the Sarbanes Oxley Act (SOX) turns 20, we take a look at what led to its inception and what might lay ahead as the landscape of the financial industry continues to undergo technological evolution.

Read More

Accounting-7

The New Standards of Quality Management

Quality control is getting a facelift with the implementation of the AICPA’s new quality management standards system. What follows is a brief overview of everything new about SQMS.

Read More

Tech-1

CECL Standard Disrupts Net Income Performance Gauge

The banking industry has begun implementing the new current expected credit loss (CECL) standard issued by the Financial Accounting Standards Board (FASB), but unforeseen externalities have made transition somewhat bumpy according to recent reports. Find out how banks accounting for potential losses throughout the COVID-19 pandemic, subsequent logistical setbacks and current global geopolitical unrest has tested the new CECL standard in ways that have analysts casting a jaundiced eye at the banking industry’s traditional performance indicators.

Read More

News-_0020_1040

The Pressure’s On – Working with the Post-Covid IRS

The backlog at the IRS will continue to present challenges for agents and tax professionals through 2022, which is why understanding the structure and organization of the agency is more important that ever. Join the MICPA and Ayar Law for an in depth review of the various IRS functions as well as tips and best practices for navigating the agency at the upcoming MICPA conference, Tax Professionals and the IRS: Successfully Working Together, on Jun. 16.

Read More

Teacher-1

CPA Evolution Exam Infrastructure Updates Overview

During a recent Faculty Hour webinar hosted by This Way to CPA, Michael Decker vice president CPA Examination and Pipeline, AICPA, discussed the many changes ahead for the infrastructure of the CPA Evolution Exam. While awaiting the recording of the full event, check out an overview of the key takeaways addressed in his presentation.

Read More

Student-2

Disrupting the Narrative: Accounting Student Shares Experience as Spring Auditing Intern

Curious about whether an internship is worth it? Find out what MICPA Student Champion Kellie Suave has to say about her own experience and how it helped her solidify confidence in her decision to pursue accounting as a career.

Read More

Students-3

Looking Ahead: Tomorrow's Feats of Financial Literacy

Most experts agree that increasing the financial acuity among consumers the world over is an imperative for ensuring that both the aging population and generations to come have a more secure future. While the method for imparting this knowledge is still being tested and determined, the landscape of financial literacy continues to evolve.

Read More

Future

Accounting Robots: The Next Big Opportunity for Accounting Firms

AI/Robots are revolutionizing accounting. We are witnessing the emergence of new technology that can perform routine tasks and with intelligence. For accounting firms, regardless of their size, this presents the next big opportunity. Let us delve deeper into accounting robots and robotic process automation.

Read More