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The digital transformation of accounting is happening now. Adopting modern technology is no longer optional for public accounting firms seeking to thrive in an increasingly data-driven world.

Maintaining a WISP is not a one-size-fits-all approach. Every firm needs to ensure they have the required safeguards in place for their size, complexity, and the nature and scope of services.

More revenue often means more people are needed to keep the organization’s finance function running. But how do you know if staffing levels in your finance department are aligned with standards for your industry and organization size?

More than 3 in 5 business executives surveyed by AICPA & CIMA are at least contemplating the use of generative AI, signaling that broad adoption could be around the corner.

As artificial intelligence continues to become more prevalent in every aspect of our lives, experts say now is the time to ensure you have an AI policy to protect your organization, your employees and your clients.

Tax professionals should always be evaluating and adjusting their WISP based on relevant circumstances, changes in the firm's business or operations or the results of security testing and monitoring.

With fewer resources and oversight, not-for-profits can be more susceptible to financial wrongdoing. Three experts discuss how accounting and finance teams can prevent these attacks.

In today’s competitive business environment, accounting and tax firms must continually strive for efficiency and effectiveness. The path to achieving a more efficient firm involves adopting best practices, exploring offshoring options, and meticulously preparing for the peak season.

Want to learn more about how to quickly list financial projections? This Tech Q&A column item shows how to model and compare multiple “what if” possibilities using Excel Scenario Manager.

Rick Meyer, CPA, cautions CPAs against over-reliance on artificial intelligence (AI) for complex tax matters, such as R&D credit studies, emphasizing that AI lacks the nuanced judgment and expertise required for such tasks. While AI can assist with routine tasks, Meyer advises CPAs to remain vigilant and uphold their critical advisory role to protect clients from potential financial risks and IRS scrutiny.

Leaders from corporate finance and the profession share their advice for upskilling and reskilling for the next era of management accounting.

Many firms and finance functions require their accountants to use Microsoft Copilot instead of ChatGPT as their generative artificial intelligence tool. Here are some prompt ideas for using Copilot with Microsoft Outlook.

The increased use of data analytics (DA) across various industries has improved overall operations and business efficiency. For example, in the financial sector, the opportunities for accountants through the effective use of data analytics in financial reporting are massive. DA helps accountants make fast, informed decisions for their clients or companies.

This item from the Technology Q&A column in the October Journal of Accountancy introduces a quartet of cool features in Windows 11.

This item from the Technology Q&A column in the October JofA features some of the most useful Excel charts, starting with the basic ones and moving to the more advanced.

How can accounting firms and finance departments lower their risk of falling victim to a wire fraud scam? Find out 10 steps to take before, during, and after sending the money.

In a recent Digital CPA podcast episode, CPA.com hosts Kacee Johnson and Kalil Merhib talk with Lisa Griffith of automation company Laurel about shifting from traditional billing to value-based approaches. Discover how artificial intelligence is transforming time management and boosting firms’ performance and profitability.

Understanding customer acquisition cost, customer lifetime value, and their interdependent relationship is pivotal for strategic business planning. Learning to access and compute this data can lead to making better decisions about where to spend advertising money.

In a recent episode of the Digital CPA podcast, CPA.com hosts Kacee Johnson and Kalil Merhib are joined by Digilence CEO Chad Osgood to explore the future of digital transformation in CPA firms.

Kelly Williams thought ChatGPT versions 3.5 and 4 were impressive. Then she tried ChatGPT-4o and was blown away. Learn about this powerful tool — and ways CPAs can use it — in this Tech Q&A article.