The American Institute of Public Accountants reported this week that 47 percent of small- to medium-sized CPA firms believe the economy will begin to recover in the fourth quarter of 2009. Ten percent of firms believe the economy is already improving. This comes from the 2009 CPA Firm Top Issues Survey.
“The majority of CPAs in small- and mid-size firms counsel businesses on financial matters, so it is encouraging that they believe recent signs of economic improvement will continue,” said James Metzler, AICPA vice president for small firm interests.
The CPA firms surveyed reported that the biggest issues confronting them as a …read more

The American Institute of Certified Public Accountants Monday announced revisions to the Certified Information Technology Professional (CITP) credential at the AICPA Tech+ Conference in Las Vegas. The CITP credential, launched in 2000, recognizes accounting professionals who combine IT expertise with the unique skill set of a CPA.
Due to dramatic changes to the environment in which CPAs work since the credential was created, the AICPA is enhancing the CITP credential to concentrate on information technology expertise relating to audit and attest services and financial data components, analysis and reporting. CPAs with the credential will provides assurance to financial information or insight …read more

As social networking becomes standard operating practice for all types of businesses, accountants are learning to embrace this powerful tool for connecting with colleagues and clients. While they may be slow to adopt the technology, the more accountants understand how social networking can improve efficiency and profitbility, the more they will connect online.
Social Networking is Modern Communication
There is little point in debating that social networking is the new way to communicate. Younger generations (Millenials) use sites like Facebook on a daily basis to communicate with their family and friends. Often instead of email, it is a preferred social networking site …read more