by Mary Trapani Make no mistake – the Equifax breach is huge and will have a massive impact. It is very likely that you, a client, or someone you care about will be Equi-fected. I say this not to scare you but to call you to action! Some feel Equifax is a victim since they […]
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The 4-Step Solution to Bringing Quickbooks to Your CPA Practice
Are you considering bringing Quickbooks to your CPA Practice? Here's a 4-step solution from Quickbooks expert Ilene Eisen, CPA.
(Video) Don’t Overlook These 3 Details in Topic 606, FASB’s New Revenue Recognition Model
When it comes to your implementation plan for Topic 606, the FASB's new revenue recognition model, here are 3 details not to overlook.
Keeping UP! The Four Kinds of Energy Every Organization Needs
Energy is often one of the most ignored -- and most important -- factors in individual and corporate success. If you think your organization needs an energy boost, here’s a 4-step diagnostic tool to find out, from change management and corporate identity consultant Greg Conderacci.
ASU No. 2016-14: Do We Face It or Bury It?
Life is full of “face it or bury it” decisions. In implementing ASU No. 2016-14, not-for-profits will have to make many face it or bury it decisions. Take a look at these decisions, and weigh your options with help from Surgent!
(Video) Hobby Loss: Above All Else, Is Your Client Really Trying to Make Money?
Peter J. Reilly, CPA, a 30-year veteran of accounting and a regular contributor for Forbes.com, discusses the complexities of hobby loss. Watch this video for a crash course in how to navigate this rule for your client.
Unsure When to Apply SAS No. 132? Understand the FASB and GASB Standards First
In February 2017, the AICPA issued SAS No. 132, The Auditor’s Consideration of an Entity’s Ability to Continue as a Going Concern, a key reason being that the AICPA needed to update the auditing literature for the accounting guidance found in FASB ASU No. 2014-15, which became effective at the end of 2016. To apply SAS No. 132 to an entity following the FASB or GASB standards, it is important to understand the accounting requirements found in those standards.
SSAE No. 18 Provides Clarity on Attestation Engagements: If You Think This New Standard Doesn’t Apply to Your Practice, Think Again
Statements for Attestation Engagements (SSAE) No. 18, Attestation Standards, Clarification and Recodification, will be effective for examination, review and agreed-upon reports dated on or after May 1. Now is the time to brush up on this new standard.
(Video) Forbes’ Tony Nitti On Why You Can Never Be Too Prepared for Tax Reform
Though many of the details remain unclear, there's a general consensus that tax reform is on its way. Forbes' tax policy blogger, Tony Nitti, CPA, talks about why CPAs need to be prepared for any possible outcome, and why the time to start preparing is now.
What Does it Mean to Have a Segregation of Duties?
As CPAs, we toss out the phrase segregation of duties quite a bit. But what does it mean? More importantly, do our clients understand what it means or why its important? Learn how to detect a segregation of duties by breaking a single transaction into 4 phases.