CPA Now Blog

Cyber liability insurance and related risk mitigation is an area for which many in corporate finance are finding themselves responsible, despite having no background in technology. Cyberthreats are truly a business risk that demands attention from the C-suite as well as the directors and officers.

CPAs help others see the “story” being told by financial information, whether it be a board of directors or an organization's staff. However, the message is delivered differently based on the audience. So try to keep the following points in mind when presenting financial information to a group.

The PICPA Board met on June 25, 2017, and at that meeting PICPA’s audited financial statements were presented. The combined statements include the accounts of the PICPA, the PICPA Foundation for Education & Research, the Pennsylvania CPA Foundation, and the Scholarship Fund of the PICPA.

I am thinking about what the new not-for-profit standard – ASU 2016-14 Not-for-Profit Entities (Topic 958) – will mean for the PICPA. Because the standard is effective for fiscal years beginning after Dec. 15, 2017, we will be implementing this standard for our fiscal year beginning next May. But we present comparative financial statements, and as such we will have to consider any changes beginning with this fiscal year. How are other CPAs in the not-for-profit world approaching this standard?

The PICPA has a lot to offer our corporate finance members. Here are the top five issues members in corporate finance tell us about, and some of the resources the PICPA offers to help.