Women are underrepresented as partners and top executives in the accounting profession. Changing that requires pulling three levers: talent acquisition, retention, and promotion. Each lever has to be operating, and none can be missing to help women — particularly women of color — advance in the field, speakers at an ENGAGE 2020 panel advised on Tuesday.
As a result, "we are leaving a big chunk of our talent pool on the table and not bringing them into the leadership level," said Jacquelyn H. Tracy, CPA, CGMA, a partner with Mandel & Tracy LLC and chair of the WIEC.
Many things are taking place:
Deloitte dives into blockchain | Accounting Today
Deloitte is helping more of its clients leverage blockchain technology as it sees the distributed ledger technology gain increasing usage after years of experimentation with the technology.
"We were in an ideation phase with blockchain, which was a really long phase," said Amy Steele, a partner at Deloitte who leads audit initiatives for Deloitte's digital assets and blockchain emerging sectors and also chairs the American Institute of CPAs' Digital Assets Working Group. "Now we're seeing a pivot, with more companies moving to the implementation phase, which is also going to be a lengthy phase.
AccountingGo releases free accounting software, firm roster | Accounting Today
AccountingGo works by providing a free directory of young accounting and advisory firms, with the idea that they provide more personal, affordable services. The company focuses on firms less than three years old and provides search filter options such as location, specialty and industry.
Especially during the current COVID-19 pandemic, which has disrupted businesses and incomes, people need affordable accounting options more than ever. AccountingGo was launched to alleviate the problem.
People & firms on the move: Marks Paneth elects new MP | Accounting Today
Other things to check out:
FRC proposes UK and Ireland accounting standards amendments - FM
UK regulator the Financial Reporting Council (FRC) on Thursday issued two exposure drafts that propose amendments to UK and Ireland accounting standards:
These amendments are to clarify the requirement to assess the going concern basis of accounting; and require the disclosure of any related material uncertainties when preparing interim financial statements in accordance with Financial Reporting Standard (FRS) 104, Interim Financial Reporting .
2020 Unsung Legal Heroes: Accounting – Missouri Lawyers Media
Kelly Chomhirun is a true pro, an experienced financial analyst who stays cool under pressure and always has time for a colleague.
"Her professionalism is unparalleled — she always explains herself calmly and clearly and has a reassuring demeanor that lets colleagues know she will handle the situation," her nominator said. "I have been impressed with her time and time again."
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I provide insight and recommendations on financial performance via models, reports and analysis. I assist in the preparation, approval and presentation of the annual budget, along with subsequent performance measurements and variance analysis. I also prepare profitability models, analysis and recommendations for attorneys to assess new and existing client performance.
Charlotte accounting firm files class-action lawsuit against big banks
CHARLOTTE, N.C. (WBTV) - A Charlotte accounting firm filed a class action lawsuit against some of the country's biggest banks, including Bank of America.
But many of those small businesses could never have applied for these PPP successfully without the help of an accounting firm acting as an agent.
Attorneys Michael Adler and Ryan Langley have filed lawsuits on behalf of these accounting firms, including one in Charlotte, against some of the biggest banks in the country, including Bank of America.
Accounting Today names 2020 Best Firms to Work For | Accounting Today
Accounting Today and Best Companies Group have announced the members of the 2020 Best Accounting Firms to Work For list.
The annual survey and awards program is designed to identify, recognize and honor the best employers in the accounting profession.
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The ranked list, along with an in-depth report, will be released in early September on AccountingToday.com and in our print edition. In addition, our Best Firms for Women list will appear in October.
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