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 ...
Nov 17, 2022•13 min
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...
Nov 09, 2022•16 min
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 ...
Nov 03, 2022•8 min
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 cl...
Oct 27, 2022•19 min
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 q...
Oct 20, 2022•7 min
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.
Oct 18, 2022•23 min
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.
Oct 13, 2022•10 min
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....
Oct 07, 2022•20 min
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 l...
Oct 04, 2022•11 min
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.
Sep 29, 2022•14 min
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...
Sep 27, 2022•16 min
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.
Sep 22, 2022•26 min
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....
Sep 15, 2022•9 min
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 ...
Sep 08, 2022•14 min
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...
Sep 01, 2022•9 min
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 us...
Aug 25, 2022•26 min
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.
Aug 23, 2022•16 min
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.
Aug 18, 2022•28 min
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...
Aug 16, 2022•24 min
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.
Aug 09, 2022•15 min
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.
Aug 04, 2022•24 min
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.”
Jul 28, 2022•18 min
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...
Jul 27, 2022•13 min
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....
Jul 21, 2022•20 min
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...
Jul 19, 2022•17 min
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 ...
Jul 14, 2022•19 min
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 ep...
Jul 12, 2022•16 min
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 ....
Jun 30, 2022•20 min
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.
Jun 28, 2022•20 min
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 ...
Jun 24, 2022•16 min
