Trends

A&A

Top 5 Trends Shaping Accounting’s Future

A new survey from Wolters Kluwer, CCH found that 18 percent of all accountants report feeling "very prepared" to address the most significant trends facing their firms in the future.
A&A

CPA Firm Revenues Continue Steady Climb Upward: Report

Annual revenues last year increased 6.7 percent, marking the third straight year of continued growth at CPA firms in the United States, according to the "2014 Rosenberg Survey."
A&A

Survey: Public and Private Company Audit Fees Went Up in 2013

Public companies' audit fees increased 4.5 percent last year, while audit fees for private companies were 3.7 percent higher in 2013, according to the results of a new survey released on Thursday by the Financial Executives Research Foundation.
A&A

Study: Audit Committee Transparency on the Rise at Fortune 100 Firms

The 2014 proxy season saw significant growth in audit committee transparency, continuing a recent trend of Fortune 100 companies going beyond the minimum disclosures required, according to a new Ernst & Young report released on Monday.
A&A

CMA Holders’ Average Salary Increased Slightly in 2013

Accounting and finance professionals with a CMA credential reported an average annual salary of $115,952 in 2013, up from $115,290 reported in 2012, according to a survey released on Thursday by the Institute of Management Accountants.
A&A

Reconciliation of Accounts Still Mostly Done by Hand: Report

Fifty-nine percent of US companies and 66 percent of Canadian businesses are still reconciling their general ledger accounts manually, according to a new report from Robert Half and the Financial Executives Research Foundation.
A&A

Starting Salary for 2014 Accounting Grads Is $52,900: Report

The average starting salary for students graduating this year with a business major – including accounting – has declined slightly over the last year, according to the latest salary survey from the National Association of Colleges and Employers.
Education & Careers

What Day Is the Most Productive? Tuesday!

According to a recent survey of human resources (HR) managers by Accountemps, the most productive day of the week to tackle work-related projects is Tuesday.
Practice

Social Networking at Work Is a Major Risk with Large Costs

Spending time on social networks appears to be normal behavior at most workplaces. Employers need to deal with its risks and minimize its costs. Employees should consider the potential ramifications of every post they make.
Tax

New Study Maps Out Travel-Related Taxes

According to a press release by the Global Business Travel Association, a business and travel meetings organization with more than 5,000 members, "taxes levied specifically on travel-related services increased the total tax bill for a traveler by 58 percent in 2013."
Practice

KPMG Survey Finds M&A Activity May Surge Next Year

Sixty-three percent of the more than 1,000 M&A professionals, investors, and advisors surveyed recently by Big Four firm KPMG LLP believe their US companies or clients will initiate at least one acquisition next year.
A&A

AICPA Survey Reveals Split Decision on Economic Outlook

The fourth quarter "AICPA Business and Industry US Economic Outlook Survey" reveals business executives view the economic prospects for the coming year through a split screen.
A&A

Survey Finds CPAs Have a Bleak View on US Economy for 2014

CPAs in New Jersey, New York, and Pennsylvania believe economic conditions will likely be the same one year from now. While they predict higher business revenues for their states next year, they do not have the same optimism for workforces.
Education & Careers

Mergis Index Finds Accounting Workers Remain Optimistic

Despite having one of the highest worker confidence levels among all industry sectors, overall confidence of accounting and finance professionals declined slightly by 0.8 points in the third quarter of 2013.
Education & Careers

CFPB Study Underscores Need for Financial Literacy

A new report released by the Consumer Financial Protection Bureau suggests the amount of money spent on financial marketing greatly outweighs the amount of money spent on financial education.
A&A

Survey Finds Friends Determine Millennials' Financial Habits

When it comes to determining their financial habits, a new survey suggests Millennials are still relying on the oldest network in the world to guide their decisions: their friends.
Technology

Survey Identifies Types of Technology Used by Accountants

Accounting firms have until the end of the month to participate in the First Annual Accounting Firm Operations and Technology Survey, which gauges what types of technology accounting professionals are using in their practices.
Education & Careers

Lateral Hiring Study: Partners Most Sought After by Firms

A recent study of lateral hiring trends in the accounting industry by Koltin Consulting Group found that firms are spending money for recruiting "heavyweight" partners away from their competitors as a way of accelerating growth.
Education & Careers

One-Third of IT Pros Looking for Greener Pastures

A recent survey of CIOs and IT professionals by Robert Half Technology revealed that although a majority of CIOs believe their IT employees are quite happy with their jobs, more than one-third of IT workers reported job dissatisfaction.
Practice

Accounting Firms Rank Content-Based Offerings and Relationships as Most Successful Lead-Generation Strategies

The nation's most progressive and largest accounting firms generate more leads through content-based offers, networking, and referrals, yet they aren't using technology to their advantage to find and resource leads.

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