ABP #241 - The Consulting Division of an Audit Firm
What it's like to work in the consulting division

What it's like to work in the consulting division
The alternatives available
Skimming, fake refunds, receipt alterations, and more
The skills and attributes of a successful audit partner
How artificial intelligence might impact the accounting department.
How to deal with accounting automation
Things to consider before you switch jobs
Why your current set of measures may not be sufficient, and where to look for more
Unique accounting issues
Why ethics can be so difficult for the accountant, and what to do about it
What to do when a subpoena arrives
How a tax audit works and how to mitigate its effects
The intricacies of sales and use taxes
When adding more best practices may not be a good idea
The process for straightening out the books
Types of continuous learning
When and how to use the reserve
Accounting issues faced by contractors
Lessons learned as a new controller
What is the best way to report performance measurements?
The core concepts to remember
Issues to consider
What are the differences?
The techniques to use
The techniques used
Why people alter the financial statements
When to use discounted cash flows analysis, and its advantages and disadvantages
Lease accounting is now more complex
Where the industry might be in 10 years