The issue has become so critical that the trickle-down effect is leaving many municipalities—and their citizens—in the lurch. Staffing shortages in the accounting industry have almost always been concerning, but it’s reaching epidemic heights. According to an April 21 article in Fortune, S&P Global Ratings withdrew 64 credit ratings for governments and utility systems for failing to file financial information … Read More
Imagine this: You’ve just started your dream business. The entrepreneurial fire is burning bright within you, and you’re filled with ambition, passion, and excitement. But then, reality hits, and you find yourself overwhelmed by the financial complexities, growing pains, and myriad questions that come with running a business. Who do you turn to for help? Who can you trust to … Read More
In a world where trust and integrity are more valuable than ever, the accounting profession stands tall as a beacon of hope. It’s a field where ethics and client interests reign supreme, and these core values set accountants apart from other business consultants. But the future of accounting is evolving, and as we embrace this change, we must not betray … Read More
Wheeler also suggested ideas for introducing accounting innovations to staff and gaining adoption and how a “learn by doing” approach helps to build staff competency and is also a way to explore new solutions.
According to data from the FBI, the total cost of cybercrime from 2019 to 2021 skyrocketed from $3.5 billion to $6.9 billion, essentially doubling since COVID-19.
Accounting thought leaders want the world to know that innovation is not the same thing as technology.