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Legislative and Accountancy Board Update – January 2017

January 23, 2017
This month’s update includes information on Arizona’s legislative session that began earlier this month, status of federal income tax conformity, regulatory reform meetings the Society is participating in with other organizations and a letter the ASCPA sent to Governor Ducey to express concerns with the concept of taxing services.

What’s More Important: Technical Ability or Soft Skills?

January 20, 2017
In a business world that’s increasingly turning to technology for strategic insights, the skill sets that accounting and finance leaders need on their teams are changing. To capitalize on new tools, CFOs are finding that they need people who: can use Big Data for predictive and prescriptive analytics; are comfortable with digital, mobile, cloud and software-as-a-service technologies; and have strong technological skills in the area of cybersecurity.

Non-disclosure Compilations Set to be Part of Peer Review – Rulemaking Packet Submitted Jan. 13

January 16, 2017
The AICPA peer review program subjects non-disclosure compilations to peer review. Proposed changes to the peer review rule will also accommodate changes to the AICPA standards regarding engagements for prepared financial statements (Statements on Standards and Accounting and Review Services [SSARS] No. 21). Changes will require firms to provide peer review results to the AICPA Facilitated State Board Access.reference.

War Story: Voicemail-Email Fraud

December 13, 2016
echnical security controls cannot always defend against clever social engineering attacks, and the best solution is to provide regular periodic training to firm staff on computer security and best practices. Read this article provided by CAMICO.

New (Free) Client Communication Tools for Tax Practitioners

December 12, 2016
For tax practitioners, communicating your value is critical – no client can be taken for granted. The good news is that marketing and communications don’t have to be difficult or expensive. The AICPA’s Tax Practitioner’s Toolkit will help you establish yourself as a leading provider of tax services, all year long. And now, the resources are even easier to find on the newly designed website.

How to Build an Internal Network to Advance Your Career

December 12, 2016
Thinking about opting out of that office holiday party? Think again. Building a strong internal network of contacts takes time and effort, but it is key to progression in any organization. It’s a lesson that Vanessa Vallely is keen to pass on, having learned it the hard way.

Legislative and Accountancy Board Update – December 2016

December 12, 2016
This month’s update includes information on the ASCPA’s 2017 legislative priorities, the Accountancy Board’s latest meeting, an Arizona Town Hall blog, the Society’s follow-up services tax meeting, a reminder about this month’s CPA license renewal deadline and a PAC update.