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    Budget 360 – It’s time to take a big picture approach to the process

    by Bob Mims, CPA | Jun 28, 2022
    Most organizations have flaws in the process that can make the budget untenable. There are multiple solutions to this process that can help lead your budget to a better place, and one that is more enjoyable for all.
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    Ethics Interpretation Proposal: Compliance Audits

    by WSCPA | Jun 28, 2022
    The AICPA's Professional Ethics Executive Committee (PEEC) has proposed some new independence rules related to compliance audits. The AICPA is aware that much of the new COVID-19 related funding is causing many entities who have not been subject to audit requirements or single audit requirements historically to now be subject to them. The proposal adds two definitions and revises the definition of financial statement attest client to help identify which independence rules apply to these engagements. Comments are due September 1, 2022.
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    Understanding First-Party and Third-Party Cyber Coverages

    by Suzanne Holl, CPA | Jun 21, 2022
    With cybersecurity threats coming from all directions, it’s important for CPA firms and their staff to be aware of how the risk exposures impact the firm as well as the client. When there is a claim, it is important to understand how cyber insurance coverages work with the legal and technical experts to produce the best possible outcomes for your firm.
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    FASB ITC: Government Assistance for Business Entities

    by WSCPA | Jun 21, 2022
    FASB has issued an Invitation to Comment to gather feedback about the operability of leveraging IAS 20 for government grants for for-profit entities in the US. The ITC does not include any preliminary views but is to help the FASB staff gather information from stakeholders about any benefits or issues that should be considered in the project. Comments are due September 12, 2022.
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    Sourcing a Strong Candidate Pool is Pushing Firms Outside Their Comfort Zone

    by Emily Franchi | Jun 07, 2022
    No industry is immune from a lack of labor, even in the professional classifications such as accountants. Firms are hiring remote workers in order to stay competitive. Let's look at ways to protect your firm as you hire a remote workforce.
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