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Blog Articles & Video May 2021

SEC reaches out to accountants on ESG disclosures

The Securities and Exchange Commission wants input from accountants on rules it is developing for disclosing climate risks and environmental, social and governance reporting. SEC commissioner and former acting chair Allison Herren Lee asked for feedback Monday during a webcast co-hosted by the Center for Audit Quality, the American Institute

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Teaching Your Clients How to Work With You

In the second article in this series, we looked at how we can help our “unreasonable and demanding” clients become less so by alleviating their fear and confusion. We do this by being a good host: Every time we engage with a new client or prospect – or whenever we

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PPP Forgiveness Other Income Figure on Form 1120S

As part of our ongoing effort to address reader questions on issues that impact their professional lives, or that of their clients, we established our Ask AccountingWEB effort. Here, we accept queries from other accountants that wish to have our contributing topic matter experts answer in as much detail as

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Gamified training gives accountants fun whodunits to solve

Continuing education courses can sometimes put accountants and tax professionals to sleep, but a new breed of e-learning is making the process more enjoyable and engaging. Accounting and tax education provider Surgent recently added a course known as Red Flag Mania to its Surgent IQ online learning center. The game-based

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Why Leadership Means Leading Your Clients, Too

As early as nursery school, my report cards (despite “exceeding expectations”) would always mention, “Meghan needs to keep her social interactions to a minimum.” Later, my creative side had most friends and family thinking I would go into graphic design or become an educator. I’d like to think I was

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What Defines an Awesome Client Experience?

In the “old days” an awesome client experience meant a friendly front desk person to greet clients, a clean, professional office and knowledgeable caring staff who adhere to promised deadlines. These principles still apply but many of your clients might be transacting entirely electronically with you now.  For this reason, firms

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Private companies still unprepared for leases standard

A sizable chunk of private companies still aren’t ready to implement the new lease accounting standard before the end of the year, despite postponements in the deadline due to the pandemic. Nearly one-fifth (19.8%) of executives at privately held organizations feel unprepared to comply with the Financial Accounting Standards Board’s

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Auditors leverage technology lessons from pandemic

Auditors are taking advantage of the remote auditing capabilities they used during the pandemic to do more types of audits and expand priorities like fraud detection and cybersecurity. The COVID-19 pandemic has forced many audit firms and internal audit departments to operate remotely, but now as more parts of the

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RSM US announces fourth Industry Eminence class

RSM US announced that the fourth class of its Industry Eminence Program has begun. Launched in 2018 by RSM US chief economist Joe Brusuelas and deputy chief economist and national Industry Eminence Program leader Kevin Depew, the Eminence Program looks to educate candidates on a range of economic, business and

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