December 6, 2021

Technology

Get Your Precious ZZZZs and Let An Automated A/P Solution Handle Supplier Tax Compliance

Believe it or not, risks associated with tax and tax compliance still keep CEOs in the US and around the world up at night, even in these COVID times when supply chain issues, the Great Resignation, and cybersecurity incidents grab all the headlines. According to the KPMG 2021 CEO Outlook Pulse Survey, 14% of the […]

an alarm clock and coffee cup on a table

4 Ways to Automate Your Day and Free Up Precious Time

It’s hard to remember that dark time in the not-so-distant past when we had to do things like print out directions instead of trusting our phones to lead the way. Alexa hasn’t even been around for a decade, and yet here we are today, with smart home setups that open up the house for us, […]

Exposure Drafts: Artificial Intelligence Will Destroy the Accounting Profession

Exposure Drafts holiday cards are now available for purchase through Rubook Creative.

Advance Your Accounting Career with Intuit’s AI-driven, Intuitive Technology Platform

In previous posts, we’ve talked about how Intuit can help you thrive in the remote work era and shape your accounting career your way. By empowering you with an AI-driven, intuitive platform, Intuit can also help you be more productive and provide a higher level of service to customers as you advance your career.  Intuit […]

Shape Your Accounting Career Your Way with the Intuit Expert Network

Looking to grow your professional experience, engaging with new clients in new situations? Ready for the next challenge as your accounting career revs up or winds down, or seeking a full-time job as a bookkeeping professional? The Intuit Expert Network offers the perfect opportunity to shape your career—transforming your journey to fit your wants, goals, […]

How Intuit Can Help Your Career Thrive In the Remote Work Era

With the widespread adoption of remote and hybrid work structures and an increased reliance on technology, the past year has seen big changes to the accounting and finance professions. As many accountants and finance professionals face the reality that they won’t be returning to the office anytime soon (if at all), it’s clear that the […]

The Road to Work/Life Nirvana (Hint, Don’t Take the Technology Exit)

“Hahaha … Dad, you were working all the time … we never saw you. Why would I want to do that?” It’s a sad day when buzzing in with “What is a CPA?” will win you $400 based on my daughter’s comment. Worse, her remarks aren’t grounded in laziness. She’s graduating college this spring with […]

Believe It or Not, There Are Advantages to Getting CPE In a Virtual Setting

If there’s one main thing pandemic living has taught us it’s how to pivot. For many of us, we’ve had to figure out how to do our jobs at home (oftentimes while simultaneously wearing our parent hat). Our kids have had to adjust to learning in virtual classrooms. The past year has forced some people […]

This Is Not a Drill: The Robots Are Coming For Your Job (Probably)

For years now, we here at Going Concern — much like most of the accounting profession at large — have been engaged in dramatic hand-wringing over the possibility of robots edging accountants out of their jobs. And — again, much like the greater profession — we have mostly come to the conclusion that even when […]

TIL There’s a ‘Hall of Tortured Souls’ Easter Egg In Excel and That Couldn’t Be More Appropriate For Accountants’ Favorite Tool

Endlessly scrolling my YouTube recommendations the other night in a desperate attempt to scrape up the tiniest shred of dopamine, I came across the video I’m about to share with you all. It’s about the “Hall of Tortured Souls,” an easter egg buried in Microsoft Office 1995. This website has been around for 12 years, […]

3 Ways Accountants Can Get Awesome Results In the Value Pricing Era

The move toward value pricing marks the dawning of a new era for accountants and accounting firms, where financial and professional advancement opportunities abound. No longer constrained by the billable hour, earning potential for accountants is limited only by their own efficiency. And that’s awesome—for those who can find ways to make every minute of […]

Weekend Read: Is Your ‘Bedtime Procrastination’ Ruining What Little Free Time You Have?

We’ve all been there: you know you have to be up early for work however that doesn’t stop you from binging half a dozen episodes of your favorite new show or playing way too much Overwatch with the scrubs you call your gaming buddies well into the night. Next thing you know, you’re setting an […]

Need to Take a Dump But Stuck In a Zoom Call? There’s An App For That

One consequence of work from home is that all of us now know way too much about how our colleagues live, from filthy “offices” to screaming kids and rowdy dogs. And because some managers are terrible at their jobs and think camera on = working, there are those among us who can’t even get five […]

If Your Password Is ‘123456,’ You Are Dumb and Lazy

From ZDNet: After analyzing 275,699,516 passwords leaked during 2020 data breaches, NordPass and partners found that the most common passwords are incredibly easy to guess — and it could take less than a second or two for attackers to break into accounts using these credentials. Only 44% of those recorded were considered “unique.” The password manager solutions […]

Happy Birthday, Microsoft Excel!

Thirty-five years ago this week, Microsoft Excel was born. Which means if you were born prior to 1985 you lived in a world without Excel. Unless you were born much earlier than 1985 chances are you didn’t even notice. 35 years ? pic.twitter.com/YFXTJZ4npl — Microsoft Excel (@msexcel) September 30, 2020 Of the great inventions of […]

This ‘Almost-Rockstar’-Developed 10-key Is the Best Thing to Happen to Accounting Since Microsoft Excel

“Necessity is the mother of invention.” Although the internet has no doubt attributed that quote to everyone from Abraham Lincoln to Marilyn Monroe over the years, it was actually Greek philosopher Plato who spat out the phrase we still use today. What it means in simple terms is that human beings are amazingly adept at […]

Miserable and Burned Out? It Might Be the Zoom Meetings

In the early days of the Rona pandemic just as most of you were starting to adjust to that work-from-home life (much to the chagrin of some of your employers that feel it’s not really working if you’re not chained to a desk where they can observe you), I shared a pic of my own […]

Get Your Mind Out of the Data with Modern Analytics (So Your Accounting or Finance Career Can Take Off)

It’s hard to make your accounting or finance career dreams come true when you spend half your day gathering, blending, interpreting, and learning to understand your data. And that’s especially true when your data exists in many formats—from spreadsheets to databases to emails.  (By “dreams,” we’re speaking figuratively—we’re not talking about your recurring nightmare where […]

What Data and Analytics Skills Do You Need to Advance Your Accounting or Finance Career?

As we mentioned in our last article, data and analytics skills are becoming increasingly more crucial for accounting and finance professionals. These skills are in high demand across the industry—and by becoming data-fluent now, you can open up bigger career opportunities for yourself and perform your current job more effectively. But it’s not like you […]

Here’s Where We’re at With That Whole ‘Robots Taking Over Your Job’ Thing

For pretty much the entire lifetime of this website — which, by the way, is 11 years come July 20 — the specter of robots automating our core audience out of a job has been a persistent topic. Not as persistent as, say, perverts with CPA at the end of their names or dick-measuring contests […]

How COVID-19 Warped Us Five Years Into the Future—And What That Means for Your Accounting or Finance Career

Tom Brady was a Patriot. The only “Tiger King” was Tony, and he was grrrrrr-eat! And hand sanitizer was just worth its weight in, well, hand sanitizer. All of these things were true at the end of 2019, and that was less than half a year ago. So why does it feel like another lifetime? […]

CPA Canada Is Like Your Grandma Who Sincerely Believes Nigerian Royalty Wants to Give Her Money

You know, I’m kinda starting to feel bad. We rarely write about CPA Canada and when we do, it’s because of some epic technological snafu that has disrupted their exam process or, as is the case with the news I’m sharing with you today, otherwise adversely impacted its member base. I don’t think there’s ever […]

Exclusive Interview: Spreadsheets Reveal Why They’re Terrible at Tax, Audit, Finance, and Accounting Analytics

We’ve been trying to track down Spreadsheets for a long time. We scoured the Negative Zone with the Richards/Storm family. We looked behind the expired potato salad in the office fridge. We even sent Geraldo to check Al Capone’s vault again (and, yep, it’s still pretty much empty.) We were hoping to ask Spreadsheets what […]

Keeping Cash Flowing In Turbulent Times

“Cash flow is top-of-mind for most clients,” reads an April 3, 2020 article in the Journal of Accountancy about how CPAs are supporting business owners through the COVID-19 crisis. Cash flow has always been an issue for business owners, and CPAs are always their trusted advisors, but if the coronavirus pandemic has taught us anything […]

Deloitte Is Giving Unemployed Gig Workers In Some States Something Extra to Worry About

Imagine being an out-of-work independent contractor living in Ohio during this pandemic, anxious and unsure of when you’re actually going to get some financial assistance from the state because Ohio’s unemployment systems are being blown up with regular unemployment claims. Finally you get word that you can now file for unemployment benefits through the new […]

Cybersecurity Experts PwC Get One of Their Subdomains Hijacked By Porn Spam

It feels like it’s been months since I’ve been able to write about something that has nothing to do with coronavirus. Kind of a nice feeling, actually, I’ve forgotten what that’s like. Anyhoo, when my esteemed colleague Bramwell spotted this story the other day, he made sure to send it my way because apparently it’s […]

Number of the Day: 124%

Because a good deal of you guys are now working from home, accountants contributed to VPN usage in the U.S. increasing 124% between March 9 and March 22, according to data from Atlas VPN. From March 16 to March 22, VPN usage increase 71%. During the last two weeks, VPN usage in the US increased […]

An Interview with an Accounting Firm Partner ‘Mire-d’ In Client Service and Musicals

Welcome back to another installment of … uh … we never did name this series, did we? My bad. Well whatever, welcome back to another installment of us interviewing folks around the accounting profession who have mastered the art of working smarter, not harder. This series is brought to you by our friends at Gusto; […]

How Self-Service Analytics Will Boost Your Accounting or Finance Career In 2020

In 2020, self-service analytics could be the superpowered accelerator your accounting or finance career needs to get to the next level. Ten years from now, if you were to look back at your career like it was a superhero movie (and you will, of course—our Disney overlords will require it), everything before self-service analytics will […]

5 Times Modern Analytics Saved the Day In Accounting and Finance

Around the world and at businesses of every size, accounting and finance professionals are seizing the opportunity to make analytics their ultimate sidekick. Where there’s Batman, there’s a Batmobile—and for these folks, where there’s accounting and finance, there’s a custom-built, mega machine of a platform to assist in the day’s activities. Modern analytics is all […]

An Interview with a Paperless Practitioner Doing Things Her Way

Welcome back to the second in our series of interviews with Gusto partners who just so happen to be doing some pretty cool things out there in the exciting world of accounting. In case you missed the last one, we introduced you to Bruce Phillips of Aprio Cloud, all while extolling the virtues of payroll […]

Be Thankful For These Learning Resources This Thanksgiving

Hi there, you little turkeys. While you cower in the bathroom to avoid making eye contact with your creepy uncle Dan we’re here to give you some learning resources from our friends at Alteryx. Look, it beats trying to explain to your grandma for the 100th time why you became an accountant and not a […]

How Analytics and Chicken Sandwiches Can Put Time Back In Tax Professionals’ Days

The Chicken Sandwich War of 2019 was such an emotional firestorm, decorum prevents us from officially weighing in on the suddenly critical debate of which fast-food chain offers the best fried chicken sandwich (but seriously, it’s Chick-fil-A). We can, however, declare a winner in a different war, this time without the use of tongue-in-cheek parentheticals. […]

An Interview with an Accounting Firm Managing Partner Who Likes Sleep as Much as We Do

If you asked small business owners what it’s like to process payroll (or onboard employees, or set up insurance, or, well you get the hint), you would probably hear it described as “dull,” “time-consuming,” and “a big pain in the butt.” But what if payroll was actually “awesome,” “easy,” and “quick?” Shocking concept, we know. […]

future accounting jobs

Accounting in 2040: 4 Ways the Industry Will (Probably) Change in 20 Years

What will the accounting industry look like in 2040? Will Skynet launch a nuclear apocalypse, leaving robots to inherit Earth’s charred, radioactive remains, or will it just ruin the Terminator franchise with unnecessary and confusing reboots? Will accountants be plugged into a giant matrix, their bioelectricity used to power evil machine overlords, even though a […]

Explosion

UPDATED: What In the Hell Is Happening to CCH?

Get excited, Tax Twitter, you’re about to get your moment in the sun. Granted it’s a moment of total panic, but still, a moment. So, if you haven’t heard, CCH has been borked since yesterday. When we say borked, we don’t mean “some users are having access problems,” rather the entire thing has been nuked […]

millennials technology accounting jobs

3 Ways Millennials Changed the Accounting Industry with Technology

In the age of Instagram influencers and workplace beer gardens, millennials often get an unfair rap for communicating and working differently than their older office peers. While they may have grown up texting in lieu of talking and “dancing” with headphones at silent discos, like it or not, millennials are now the largest and most […]

Robot man

Here’s Another Boring, Totally Predictable Article About How Robots Are Coming For Your Job

As far back as I can remember, I always wanted to be a gangster. Wait, no, wrong intro. Uh, as far back as I can remember, the Chicken Littles of accounting have been carrying on about the inevitability of robots taking jobs from honest, red-blooded professionals. You know, like they did at automobile assembly lines, […]

Big 4 Calling On All Blockchain Nerds to Come Nerd Out At Their Firms

From CoinDesk: “Big Four” professional consulting firms Deloitte, KPMG and EY are all in the top five when it comes to posting blockchain job ads, according to new data from Indeed.com. The employment site released its latest figures for job postings relating to blockchain, cryptocurrency and bitcoin in the U.S. on Thursday, with the data covering […]

Going Concern March Madness: Ultimate Tech Showdown

Once upon a time, our former dear leader Caleb — who is not exactly known as the pinnacle of red-blooded, sports-loving American male — got the bright idea to gift the accounting profession with its very own March Madness competition. Although it was wildly popular those first two years, it also ended in embarrassment for […]

accounting firm timesheet

4 Reasons the Accounting Firm Timesheet Must Evolve in 2019

It’s 4:45 on a Friday afternoon at Accounting Firm, USA. Fee earners are itching to start their weekends, but one final task remains. Before the happy hour beer taps can flow, before elated dogs (and disinterested cats) can greet their returning owners home, before the family can pile into the minivan and head out to […]

Thankfully, PwC’s Robot CODE-E Does Not Want to Destroy the Human Race

Everybody’s favorite technology-talkin’ PwC robot, CODE-E, made an appearance on the show “Windy City Live” in Chicago this morning and WHY DIDN’T I KNOW ABOUT THIS IN ADVANCE, PwC? I would have made the trek into the city to see CODE-E in the flesh … or steel … or aluminum or whatever it’s made out […]

Why Accounting Is the Key to Expanding the Digital Nomad Movement

Getting paid to sit on a beach in Tahiti or ski a few runs at Whistler Mountain might sound a little too good to be true—if it were 2004. But with the power of reliable Wi-Fi and a trusty laptop, the age-old idea that traveling the world while earning a living is only a fantasy […]

cryptocurrency consulting accounting job

Should Cryptocurrency Consulting Be the Next Phase in Your Accounting Career?

Think the hype over cryptocurrency has reached its fever pitch? Think again—the crypto craze has only just begun. Businesses are increasingly viewing cryptocurrency as a viable investment. New tokens are gaining steam, and Bitcoin, the OG crypto cash, continues to trade at a frenzied pace. More than 200,000 Bitcoin transactions occur every day, and investors like […]

Some of Our Favorite Accounting People Put a Bow on 2018 and Talk Robots in 2019

As you guys know, the editorial team at Going Concern has no shortage of opinions. But this year, we wanted to do something a little different. We wanted to hear from professionals who we consider to be influencers in the accounting profession. Or maybe we’re a fan of their contributions to the industry, or maybe […]

The Good News Is Robots Won’t Take Your Job, the Bad News Is When They Do They’ll Be Like Interns

We’ve been talking about robots taking your jobs for years now, always coming to the same conclusion that AI won’t make skilled CPAs, auditors, and other higher-level accounting professionals redundant. Phil the bookkeeper who has been doing taxes out of a beauty salon backroom in a podunk strip mall may not be so lucky, but […]

DePaul University - Artificial Intelligence article

Should Accountants Be Worried About Artificial Intelligence?

Financial disciplines have long been the first thought-of areas where technology like artificial intelligence will cause dramatic disruption and upend entire ways of thinking. Accountancy is certainly no different from others in the finance umbrella, and we continue to see headlines explaining Why Artificial Intelligence is the Future of Accounting.  In many ways, the AI […]

accounting work while traveling

3 Tips for Crushing Your Accounting Work While Traveling

Whether traveling for business or pleasure, working on the road is a necessary evil for most accountants. No matter how much you promise yourself you’ll unplug, work still manages to creep its way into any trip or vacation, in spite of promises of flexible hours and work/life balance from your firm. So if you’re going […]

Exposure Drafts: Artificial Intelligence Will Take Your Job and Ruin Your Firm’s Halloween Party

Guest artist this week: Nicholas Don Smith Exposure Drafts appears every other Wednesday. Send your accounting cartoon ideas and what you are dressing up as for Halloween to editor@goingconcern.com. You can follow Greg Kyte on Twitter.

accounting job blockchain consulting

Blockchain Consulting: A Unique New Career Path for Accountants

The hype over blockchain is reaching a fever pitch. According to Juniper Research, two-thirds of the world’s large corporations expect blockchain technology to be integrated into their systems by the end of 2018. Blockchain certainly introduces new financial opportunities. But opinions about the size and scope of those opportunities vary. Software development firm Ignite wrote […]

legal liability freelance remote accountant

3 Legal and Liability Tips Freelance Remote Accountants Must Consider

If you’re considering a career as a freelance remote accountant, or if you’ve already started one, there are certain legal and liability issues you need to deal with. As you’ll no longer have the protection of an employer to bail you out of any lawsuits or legal troubles you might encounter in your work life, […]

avoid conflicts of interest accountant

How to Avoid Conflicts of Interest as a Freelance Remote Accountant

If you’ve been a freelance remote accountant for long, it’s probably already happened. You’ve got two clients, Client A and Client B, that are both in the same industry. Client A finds out you’re working for Client B and unleashes the fury on you: “How dare you help our competitors?” And the response you want […]

workplace by facebook accounting

Does Workplace by Facebook Live Up to the Hype for Accountants?

Over the last few months, Facebook has been relentlessly pushing its Workplace by Facebook platform, expanding the app’s feature list while ramping up its marketing. Its most recent PR blitz occurred this past June, as Facebook unveiled the company’s new Workplace for Good program, touting free access to Workplace Premium for nonprofits and educational institutions among […]

Top 5 Virtual Communication Apps for Remote Accountants

If you like to work remotely, you’ll need to use virtual communication apps to stay in touch with workers and clients, keep everyone on the same page, and ensure key benchmarks are being met on time. But with the wealth of virtual communication app options available, how do you know which ones to choose? We […]

aprio hpc acquisition

Why a Top 50 CPA Firm Just Acquired a Cloud Accounting Firm

The march toward proliferation of cloud accounting across the industry has taken another step. To meet the growing demand by global clients for anytime, anywhere access to financial information, Aprio, LLP, a full-service, CPA-led business advisory firm, has entered into an agreement to acquire HPC, a technology-driven, cloud-based accounting firm with a global footprint. We […]

Deloitte’s New Greenhouse Experience Unfortunately Has Nothing to Do With Plants

As a former writer and editor for a national horticulture trade magazine, my interest was piqued when I came across the June 19 press release, “Deloitte Digital Launches New Deloitte Greenhouse Experience for Enterprise Clients.” I thought maybe Deloitte was cultivating a new variety of, say, Chlorophytum comosum (spider plant) with the cultivar name ‘Punit […]

Avalara IPO Has Big First Day of Trading, But Some Analysts Are Skeptical

Avalara’s initial public offering set the New York Stock Exchange ablaze in a sea of orange on June 15, as the Seattle-based sales tax automation company’s shares nearly doubled in their opening day of trading, according to CNBC. But while Avalara’s IPO looks hot, it’s overpriced, some analysts say. Shares of Avalara closed up 87 […]

remote work myths

Busting 4 Myths About Remote Accounting Work

You already know by now the remote revolution is upon us. Workers are embracing work from home options and flooding to the gig economy in droves. According to a 2017 report, 3.9 million employees currently work from home at least half the time. That’s a 115% increase in remote workers since 2005. But misconceptions about […]

USB IBM banned

Flash Drives Are Contraband at IBM Now

In a seemingly unenforceable move, IBM has banned its employees “from using removable memory devices such as USB sticks, SD cards and flash drives.” The company’s global chief information security officer Shamla Naidoo said that “the possible financial and reputational damage from misplaced, lost or misused removable portable storage devices must be minimised.” And sure, okay. […]

Which Data Breach Will Finally Wake Us Up?

The world has finally decided data privacy and security is worth talking about. Congress enjoyed pelting Mark Zuckerberg with questions that made the digital natives point and laugh. We also enjoyed getting this cautionary note from Twitter this week: Hi @MeganLewczyk, When you set a password for your Twitter account, we use technology that masks […]

We’re One Meltdown Away From a Bunch of Crusty Old CPAs Saying ‘I Told Ya So’ About the Cloud

If you don’t spend a lot of time thinking about what a severe outage of Internet-based services might be like, this CFO article cites a report that tried to ballpark it: A cyber incident that takes a top-three cloud-services vendor offline for three to six days would spawn customer financial losses of about $7 billion […]

stay productive remotely

How to Stay Productive When Working Remotely

I can tell you what’s going to happen on Shameless, Dan: They screw up their lives. Again. We live in an age of constant distraction–especially for those who work at home. TV, videogames, Netflix, and more are all within an arm’s reach. And that’s not to mention the ultimate time stealer: the smartphone. How many […]

levi's cfo robots

Levi’s Finds Artificial Accountants, Ripped Denim More Fashionable Than the Real Thing

Levi’s CFO Harmit Singh told The Wall Street Journal that “We are introducing bots where it makes sense,” and “The idea is not to eliminate jobs. We are going to upskill employees and have them spend more time on analysis.” Yes, yes, the humans will do the really valuable stuff which, by the way, does […]

Accounting Excel 2019

Excel Is Finally Keeping Up With the Joneses

Two years have passed since I wrote a controversial post about ditching Excel. And as fate would have it, no one listened. We are as attached to Excel as ever. Maybe we like dealing with unruly and unresponsive files? But, those rumors about the AICPA integrating Excel into the CPA Exam have finally become a […]

statoil robots finance

Statoil CFO Happy With His Robots; Later, Humans

Last fall, we mentioned Roberta, the newest and most efficient member of Statoil’s treasury department. Today, The Wall Street Journal reports that she’s been joined recently by several new co-workers, including one named Rob, and the Norwegian company’s CFO, Hans Jakob Hegge, seems to be enjoying them on a personal level: “I am not sure […]

Most U.S. Internal Audit Teams Still Crunching Numbers on Cave Walls Compared to Their European, Asian Counterparts

Even this guy is like, “What are you guys doing?” Read anything online and you’re likely to be told some variation of “The rapid pace of technology is disrupting X.” And since those words appear on the internet, adjacent to stock images of word clouds, or an illuminated light bulb, or a smug nerd with […]

cloud accounting

While Some Companies Move Away From Remote Work, Others Double Down

Last year, IBM decided to “co-locate” its 2,600 member US marketing department. Translation? IBM is eliminating remote work. The news is especially shocking as IBM is one of the pioneers of remote work, installing work-from-home terminals for some employees as far back as the 1980s. As more businesses move toward embracing remote work, others are […]

ces accountants tech cropped

Consumer Tech Accountants Need in 2018 and Beyond

Remember The Jetsons maid Rosie? I recall thinking, “Wow, wouldn’t it be awesome to have a robotic personal assistant to keep me from looking as disheveled as I feel!” never imagining a day when that might exist. I mean, many of us were mesmerized by something as simple as a Giga pet. This is all […]

cybersecurity controllers accounting

How Controllers Can Step Up Their Cybersecurity Game

There’s a good reason why cybersecurity is ranked extremely high on the priority list of Trey White, CPA, and other controllers and chief accounting officers in the healthcare sector. According to a report from the Identity Theft Resource Center and CyberScout, 376 (34.4%) of the 1,093 data breach incidents reported in 2016 occurred in the […]

accounting-firms-reviews-yelp-facebook-clients

Hysterical Client Comments on Yelp, Facebook, Et al. Should Not Go Unanswered

Yelp, like most social platforms, has its pros and cons. It’s great for all kinds of businesses to get their name out there, and not just restaurants. I found my co-working space on Yelp. I found a garage door service company on Yelp. I found a gas fireplace technician on Yelp. Do you need a […]

accountants auditors data analytics resize

Watering Down Data Analytics for Dumb Accountants

Most accountants, especially CPAs, seem smart on paper. Some even live up to it in person. Others are less, um, fortunate… So, it doesn’t come as a big surprise that even our profession’s own publication called us out for being dumb, or at least naïve when it comes to data analytics: Accountants need to increase […]

coso erm

COSO’s ERM Framework Has Fresh Paint, New Open Concept

I remember in college, I’d turn in a paper and feel a sense of relief knowing that I never had to look at it again. Feedback from the instructor was informative but required no further action. Man, do I miss that. Don’t you? I’m sure PwC, who authored the COSO Enterprise Risk Management (ERM) Framework, […]

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Data Breach at Deloitte Hitting Too Close to Home for Accountants

My, my. So many data breaches to talk about, it’s hard to know where to start. Caleb has already been keeping you up to date with the latest on some of the recent hacks but let’s dig in a little more about one breach in particular. Uh oh, Deloitte We learn time, and time again, […]

accounting news chatbot intuit

Accounting News Roundup: Accountants Worry About Technology, Change, Et al. | 09.26.17

Accountants are worried about technology, change, et al. If you haven’t immersed yourself in the collective anxiety of the accounting profession lately, I highly recommend this Accounting Today column. There are a plethora of quotes to choose from, but Grant Thornton CEO Mike McGuire has a good one: “Our industry is being disrupted by accelerating […]

deloitte cyberattack

Deloitte Tries To Play It Cool After Cyberattack

Deloitte, the biggiest of the Big 4, has joined the ranks of the hacked. This morning, The Guardian reported that the firm was the latest massive organization to have suffered a cyberattack, and that confidential client information was the target. To make matters worse, Deloitte failed to notice the breach for months. And to add […]

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Auditors May Have to Keep Artificial Intelligence From Cooking the Books

Some smart people are starting to contemplate how to keep artificial intelligence safe and in-check. It’s a fascinating topic, especially after Facebook had to shut down their AI chatbot after it started to develop its own language in August. Plus, I have a feeling it’s going to trickle into the scope of work for an […]

accounting firm offices snobs

Modern Accounting Firm Offices Sport Fancy Coffee, Nap Rooms, But Cling to Hoteling

Big accounting firms are becoming known for their swanky offices. How else will they woo the best and brightest campus hires unless run-of-the-mill abstract art is hanging on the wall?  If you’re on the tax team (something I didn’t have the pleasure of experiencing), enjoy the lap of luxury every day since you’re tethered to […]

accountants internet of things

Accountants Must Wrangle Disjointed IoT

Technology has infiltrated our lives under the guise that it will make life easier. No one really wants to write journal entries or do math by hand, so, it seems like an excellent idea to ditch our old processes and find an app for whatever it is we need to do. The problem? We made […]

excel championship

FYI, Aspiring Accountants: There’s a World Excel Championship

Finally, someone who will give you a trophy (and a sizable cash prize) for your unhealthy obsession with Excel. Certiport hosts an annual international Microsoft Excel championship. Accountants, everywhere, rejoice! Since, while generally, we are not the most athletically inclined (after all, we do spend a lot of time behind a desk), many of us […]

bitcoin-cash-cryptocurrency-accountant

Break Out the Popcorn for Bitcoin Infighting and Legitimizing Cryptocurrencies

There are certain words that cause me to zone out. Bitcoin. Cryptocurrency. Ethereum. Still, I’m starting to become intrigued as an accountant. Especially after a big shake up in the Financial Technology (fintech) industry this week. In case you missed it, Bitcoin has a rocky road ahead. On Tuesday, the legacy Bitcoin cryptocurrency begrudgingly welcomed […]

securities and exchange commission

SEC Division of Economic and Risk Analysis Also Offers Respectable Twitter Chops

A few weeks back, we shared some of the witty banter from the SEC Fort Worth Twitter account. But then, late last week, we were referred to the SEC Division of Economic and Risk Analysis’s account, and it turns out, they’re holding their own. The account was created back in March but they seem to […]

phone addiction

Is Endless Work Contributing to Your Smartphone Addiction?

Picture anxiously sitting by the phone (a rotary one for artistic effect) waiting for it to ring. Since the invention of the phone, waiting for an important call is agonizing; but, I’ll argue it used to be simpler. You could walk away. Leave the phone behind and rely on your answering machine to inform you […]

The New Era of Net Neutrality May Suck for Accountants, Pretty Much Everyone

It’s clear that we, humanity, can’t have nice things. We most certainly will make a mess of them. Exhibit A: The Internet We start out with a boundless information superhighway, and then we run amok. While I can think of lots of ways we have spoiled the Internet, the spotlight is on net neutrality this […]

securities and exchange commission

As I Live and Breathe, the SEC’s Fort Worth Office Has a Great Twitter Account

Okay, if you hate puns, or word play in general, mixed in with your securities enforcement and oversight info then you won’t think it’s great, but then that would make you a hater of great things. Here’s today. We asked our accountants to move a heavy box out of the way, but they couldn’t budget. […]

statoil robots finance

The AICPA Is Trying to Innovate You Right Out of a Job

As we are all painfully aware, the accounting industry isn’t exactly known for its groundbreaking commitment to early adoption and innovation. Despite its over 150-year history of being reactive and clinging desperately to the way things have always been, the AICPA announced this week a new initiative that hopes to fund important accounting startups. The […]

Eager Beaver Learns the Hard Way That LinkedIn Is Not an Appropriate Avenue for Dick Pics

Over the years, we have shared dozens upon dozens of tips for making the most of LinkedIn or, as I like to think of it, Facebook for spammers and soulless corporate drones. Most of us are on it but still don’t quite understand why or what we’re supposed to do with it, aside from its […]

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Can 5G Get Here Already?

Who doesn’t dread seeing the “Poor connection. This video will resume automatically when the connection improves” error message when chatting on FaceTime. Is my iPhone out to get me? It has an uncanny sense of knowing when to interrupt my conversation. We are dependent on the speed of our internet connection. It sets the pace […]

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Exposure Drafts: Your Paperless Office Is Slacking

Exposure Drafts appears every other Wednesday-ish. Send suggestions to editor@goingconcern.com.

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Your Technology Disorder Has a Name

I must know where my phone is at all times. If I misplace it, panic sets in and, luckily, Find my iPhone has come to my rescue in most instances. I do wonder where my beloved Blackberry Tour went in college, though. I never did find it. Go figure that “67% of us worry more […]

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Commuting Doesn’t Have to Be Terrible: 5 Alternatives to Sitting in Traffic

The daily commute can be miserable. No wonder people prefer to work from home. I know I do. Too bad auditing requires you to show your face at a client’s office. And don’t tell me it’s for rapport building. It’s to keep the client honest. Otherwise, I’m sure the whole audit would get sent overseas. […]

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Cyber Espionage Is a Thing You Should Start Worrying About

I’ve waited with bated breath for the 2017 Verizon Data Breach Investigations Report and it’s finally out. It’s full of juicy, nightmare-inducing cybercrime data again this year. The most recent report analyzes 1,935 breaches and 42,068 incidents across 84 countries, and, according to the experts, the data set confirmed that this was the “year of […]

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Is There a Smart Person Shortage?

A thought to ponder: Is our technology getting too smart? Are we going to run out of enough smart people to wrangle it? After writing about quantum computing last week, I started imagining the number of physicists that would need to be on-call at Geek Squad. We’d have to dig up Albert Einstein’s body and […]

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DNA Data Storage Could Complicate Data Center Walkthroughs

Forget underwater data centers and outrageous cloud CapEx spending. All of it is utterly passé compared to DNA data storage. Wait, DNA data storage? You mean — storing digital binary data as DNA? Yes. And, it blows my mind too. DNA’s not just the smoking gun in a crime drama In 2012, Harvard scientists figured […]

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Would Neuralink Solve All of Accounting’s Problems?

Elon Musk, the man of moonshots, is at it again. After all, he is a glutton for pushing the envelope of possibility. He just launched a new startup called Neuralink to explore “neural lace” technology — electronic brain implants or neuroprosthetics that would be able to interact with human thought. Oh, and nevermind that he’s […]

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Danger Lurking: Mirai and Botnet Are Terms Auditors Should Know

Uh, oh. Forget the Secret Life of Pets. What about the secret life of your video recorder or router? Am I the only one that is reminded of this scene from Brave Little Toaster? Just me. Ok. Internet of Things goes rogue Sure, it is no secret that lots of devices now have a Wi-Fi […]

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Robot Auditors Won’t Have a Problem Giving Clients Bad News

Here’s something that won’t surprise anyone: A study from the University of Missouri found that auditors defer to information provided by management. In the study, nearly 50 senior auditors from major accounting firms were asked to assess the cost of an explosion at a client’s facility based on memos provided by the company’s finance chief. […]

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How Should You Handle a Partner’s Facebook Friend Request?

Ding. It’s a friend request. You’re so popular. One problem. It’s from one of your engagement partners. Awkward. Now you have a dilemma. Are you obligated to say yes? Or, maybe, you let it sit in the unanswered request pile for eternity and pretend you never saw it. Weigh the options careful and may the […]

Australian Tax Lawyer Built an AI Tax Research Assistant That Will Never Get Sick of Your Questions

Say hi to Ailira, everyone, aka “Artificially Intelligent Legal Information Resource Assistant.” She’s here to help with all your tax research needs. Well, in Australia, anyway: Ailira, or “Artificially Intelligent Legal Information Resource Assistant” is so clever at tax that her creator believes she could help prompt the end of human tax agents. And within […]

Drones Set to Disrupt the “Ideas Accounting Firms Won’t Pursue” Niche

In a recent Journal of Accountancy piece, a bunch of people with way too much time on their hands to consider things that will never happen seem to think that drones are the next wave of innovation for accounting firms. Mind you, it was only a few years ago that one Big 4 firm made […]