Adrian Johnson
TLDR:
Key points:
- Recent trends in accounting, tax, audit, practice management, technology, and the accounting profession
- Featured insights on MakersHub, Rightworks, and Practice Pro 365
In a recent article on Accounting Today, various trends in accounting, tax, audit, practice management, technology, and the accounting profession were highlighted. One key focus was on the shared insights from industry leaders such as MakersHub, Rightworks, and Practice Pro 365.
One major trend discussed in the article was the importance of technology in the field of accounting. Auditors are prioritizing tech for fieldwork, with a recent survey from Thomson Reuters revealing that new technology is aiding during the execution/fieldwork phase of engagements.
Additionally, the article touched on tax-related court cases, emphasizing the need for vigilance in preventing tax fraud. SEC and FASB officials also stressed the importance of “tone at the top” and highlighted new accounting standards and advice for auditing firms during a USC and FEI conference.
Overall, the article provides valuable insights into the current landscape of the accounting industry, highlighting key trends and developments that professionals should be aware of.
