Statements of fact and opinion are the authors’ responsibility alone and do not imply an opinion on the part of PICPA officers or members. The information contained in herein does not constitute accounting, legal, or professional advice. For professional advice, please engage or consult a qualified professional.
CPAs are not just financial experts; they are guardians of trust. In today's rapidly evolving financial landscape, it is crucial for CPAs to not only master their craft but also to embody the essential values that guide their personal conduct, shape the culture of their firms, and elevate the standards of the CPA profession.
Technology, for all its fantastic potential, cannot replace the basic need for humans to connect on an emotional level. Understanding this will lead you to understanding that business development and true networking – the things that build real trust – are all about relationships.
Single audits are required when a governmental or nonprofit entity expends more than $750,000 of federally allocated funds in their fiscal year. In recent years, the number of single audits has increased significantly. This blog looks at four areas of focus to conduct an effective single audit.