News

Although lots of resources and hype have gone towards digital transformations, few have used the technology to overhaul finance yet, according to McKinsey.

Entities seeking access to beneficial ownership information (BOI) will spend over 8.7 million hours filling out paperwork in the first year and over 3.6 million in the second year, the Financial Crimes Enforcement Network (FinCEN) said in an estimate Monday.

As the adage goes, the grass isn't always greener. This rings true for American workers who have started shunning the idea of the Great Resignation, AKA leaving their jobs in droves, in favor of remaining in their current roles.

Is it possible to get as much work done in four days as five? The answer may not be what you expect and the benefits for staff are undeniable.

The National Association of State Boards of Accountancy (NASBA) President and CEO elect Daniel J. Dustin, CPA, has selected Kent A. Absec, Brenner Allen, Esq., William A. Emmer, CPA, and Sedrik Newbern to join the leadership team at NASBA, effective August 1, 2024. These changes to leadership follow the retirement of current NASBA President and CEO Ken L. Bishop.

That’s much more than the 50% of CEOs who said the same, according to new data from Compensation Advisory Partners.

A large majority of finance chiefs say they feel the heat on sustainability issues from multiple stakeholder groups.

The are fewer CPAs, which is a problem for entrepreneurs, but while some lament the loss, others are looking to fill it.

What can be done to make the finance profession more attractive to the next generation of students? AccountingWEB’s Jake Smith speaks to Cassie Petrie, MD for SMB in EMEA at SAP Concur about tackling the talent shortage and the role technology can play.

Establishing a safe and inclusive workplace for LGBTQ+ employees is an essential part of promoting a culture of respect, innovation, and productivity within an organization. Finance leaders and executives are pivotal in championing key inclusion initiatives and setting precedents within their firms.

With no grand announcement, Connecticut quietly expanded employee’s paid sick time benefits. The bill greatly expands the law’s reach.

Molly Macfarlane talks to Kevin Drew, managing director of Ascentant Accountancy, about his firm’s ongoing support for the LGBTQ+ community and the importance of sustained support beyond Pride Month.

Larger companies are set to outpace smaller ones in AI implementation, the quarterly CFO survey suggests.

Most remaining employee retention credit (ERC) claims show signs of fraud or errors, and the IRS will deny tens of thousands of the most obvious erroneous claims in the coming weeks, the Service said Thursday.

The result is dissonant in a current environment where most finance chiefs agree that risk-taking isn’t especially prudent.

Leaders who will not sacrifice efficiency today for greater innovation tomorrow may lose their competitive edge, according to a new report.

According to the Society for Human Resource Management, 4 percent of organizations now offer unlimited paid time off. That number may continue to rise as startups and large organizations alike continue experimenting with this policy.

Finding qualified staff is the most pressing concern of accounting firms except sole practitioners, according to survey results released by the AICPA's firm practice management section. Sole practitioners who participated in the biennial Private Companies Practice Section (PCPS) CPA Firm Top Issues Survey chose "keeping up with the changes and complexity of tax laws" as their top challenge.

On second thought, call it the Great Regret. Workers who quit their job during the Great Resignation are significantly less satisfied than their colleagues who stayed, according to a new survey by The Conference Board. Their overall job satisfaction is down 5.6 percentage points.

Solving accounting's pipeline problem will require effort from everyone in the profession, according to members of the National Pipeline Advisory Group — particularly employers.