Where does the iPad fit into a CPA firm? Question explored at The iPad Decision, by Jeff Drew in the Journal of Accountancy.
The iPad happens to be the dominant device at the moment, but that could change by the end of the year. Or maybe next week. I think the discussion applies to all tablets. …
iPad in a CPA firm? Read More »
Most sobering thought from the video:
Some stats on social media from Erik Qualman at Social Media Revolution 2011:
[youtube=http://www.youtube.com/watch?feature=player_detailpage&v=3SuNx0UrnEo]
A few other highlights that caught my eye:
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Still wondering if Social Media is a big deal? Want to be in business 5 years from now?Read More »
Still wondering if Social Media is a big deal? Want to be in business 5 years from now? Read More »
John Hufnagle, of Hayacasa consulting blog, has a good summary of the new ASU addressing a simplified method of assessing goodwill impairment at Goodwill Impairment Test.
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Good summary of ASU 2011-18, Goodwill Impairment Test, and a commentaryRead More »
Good summary of ASU 2011-18, Goodwill Impairment Test, and a commentary Read More »
(cross-post from my other blog, Nonprofit Update)
While out for a walk yesterday morning, I noticed construction at the strip shopping center near my home. Wood frame in just about done.
New construction? In this economy? That isn’t supposed to be happening, right?
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Is it possible we are not heading into a double dip recession?Read More »
Is it possible we are not heading into a double dip recession? Read More »
The Economist has a summary of the situation Deloitte is tangled in regarding their audit of Longtop, a Chinese company that had some problems.
Article is here: Chinese Stall
Condensed thumbnail version in 75 words:
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Quick description of Longtop, an auditing mess in ChinaRead More »
Quick description of Longtop, an auditing mess in China Read More »
Here is a simple way to jump-start your continuous learning. Check out the following blogs on a regular basis. Even better to put them on your RSS feed. (More on that later.)
Great way to keep your L>=C equation balanced.
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5 blogs to start reading Read More »
Previous post gave ideas for a very brief policy on using social media. Here’s my suggestions for a one sentence policy.
Good for use in any type of organization. In one, two, or four words, your choice. …
Social media policy in just one sentence Read More »
You and your staff are using social media. That’s not going to change.
If you haven’t done so, it might be wise to offer some guidance on how to use all the great tools that are available.
A good place to start is a short discussion in the CalCPA September 2011 article on using social media for recruiting. …
Where to start on a social media policy? Simple starting ideas.Read More »
Where to start on a social media policy? Simple starting ideas. Read More »
That is the formula offered by Tom Hood, of the Maryland Society of CPAs in his post, The No. 1 reason CPAs should use social media.
We need to keep our learning (L) greater than the rate of change (C).
Things are happening so fast that if we are not constantly learning, we are going to become obsolete.
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Subtitle of the book is A business fable… about shedding the three fears that sabotage client loyalty. It’s a book by Patrick Lencioni which you can find here. As with his other books, it is an entertaining fictional story that illustrates the points instead of making them directly.
Primary focus of the book is business consultants. It applies to directly to anyone in business working with external clients. It can also apply to many people in the ministry world.
He suggests there are three fears that get in the way of loyalty from your clients. These fears tear down transparency and openness. Getting past those fears in order to improve transparency is the way this book can help anyone in business or ministry. …
In a webcast on August 31, 2011, Mr. Michael Glynn, CPA, of the AICPA staff, gave a wonderful word picture of the levels of assurance in a review and audit. Here’s his idea: Filling up a bucket with procedures produces different levels of assurance. I would like to expand Mr. Glynn’s description and provide an illustration.
Notice the similarity and difference? The overlap between these definitions is how much assurance the accountant provides obtains that there are no material errors in the financial statements.
The differences? …
(cross-post from my other blog – Nonprofit Update)
If you want to conduct your ministry or business using anything other than your legal name, you have to get a fictitious business name. This is also called a DBA, or “doing business as” name.
Let’s say you are on staff at Southside Community Church and are starting a major summer program as an outreach to the community. This would be a big, ongoing project. If you’re going to be collecting money and trying to reach out beyond your local congregation, you just might decide to run the program under the name Southside Summer Swim. If that is the case, you need to file for a fictitious business name with the county clerk’s office.
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Dr. Tom Selling offers hypothetical resolutions to how mandatory auditor rotation might play out when a bank is sitting on a lot of bonds that are only worth half of face value.
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A skeptical reason mandatory auditor rotation won’t improve auditsRead More »
A skeptical reason mandatory auditor rotation won’t improve audits Read More »
How can management be response for financial statements and internal control for preparation of the financials when the accountant prepares them? That is what the second paragraph in the compilation and review report say. See thumbnail picture of the reports here. See sample reports here and here.
In a webcast on August 31, 2011, Mr. Michael Glynn, CPA, from the AICPA, gave a fantastic word picture for how management can be responsible for the report and internal control.
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I listened to a webcast from Michael Glynn, CPA, Senior Technical Manager at the AICPA. He touched on a number of post-implementation issues from SSARS 19. His presentation is a variation of the article he wrote for the Cal Society magazine, which I discussed here and here. I will condense and expand on some of his points.
Thumbnail view of compilation report
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Thumbnail description of compilation and review reportsRead More »
Thumbnail description of compilation and review reports Read More »