The culture of a workplace, be that in a company or an accounting firm, determines how employees and customers are treated, says Stephanie Creary, an identity and diversity scholar and professor of management at the Wharton School of the University of Pennsylvania. To assess how racism is a factor requires open, frank conversations and leaders willing to listen and learn what they probably didn’t know.
What you’ll learn from this episode:
- Starting conversations about racism with Black Lives Matter and police violence may not be the most effective thing to do.
- An expert or coach can facilitate conversations about racism, help people work with their emotions, and create learning environments.
- It’s necessary to customize diversity and inclusion training based on the roles and positions people hold in the organization.
- Programs that succeed in recruiting and mentoring Black employees involve everybody in the organization.
These days, it’s tough to know the best next steps for organizations that are reopening to customers or employees — or considering doing so. Lee Terry, who practices corporate and securities law for the Denver firm Davis Graham & Stubbs, has advised organizations and CFOs for years on crisis management. Terry offers insight into the legal concerns that organizations are facing and this advice on future business planning: “You cannot rely on the same kinds of estimates and expectations that you have in the past.”
The new principles-based standard on audit evidence, issued last week by the AICPA Auditing Standards Board, addresses issues such as emerging technology, professional skepticism, and expanding sources of information. Jay Brodish, CPA, a partner at PwC, and Bob Dohrer, CPA, CGMA, the chief auditor of the AICPA, discuss the standard in detail, explaining how it can be applied to today’s evolving business climate.
We check back in with two AICPA leaders: Ed Karl, the AICPA’s vice president–Tax Policy & Advocacy, and Chris Hesse, a tax principal in the National Tax Office of CliftonLarsonAllen in Kennewick, Wash., who also chairs the AICPA Tax Executive Committee. They’ll update us on how the 2020 marathon of a tax return filing season is going, whether the coronavirus-related return due date delay until July 15 is long enough, and what other relief taxpayers and their CPAs need.
The work-from-anywhere revolution received a jolt in March, when office workers were sent home because of concerns about the spread of COVID-19. More companies were embracing flexible work practices before the pandemic, but now that movement has been accelerated. Tom Hood, CPA/CITP, CGMA, the CEO of the Maryland Association of CPAs and the Business Learning Institute, shares insight into the future of remote work, why a company’s approach to flexible work can define its culture, and more.
Laura Morgan Roberts, Ph.D., a professor at the University of Virginia’s Darden School of Business, is an editor of the recent book 'Race, Work, and Leadership: New Perspectives on the Black Experience'. She has studied race in the workplace extensively.
With attention on racial disparities sparked by killings and then protests, the time is right for organizations to hear her message. Morgan Roberts shares insight on why some organizations and leaders resort to silence instead of speaking about racism, why it’s easier to talk about diversity and inclusion than about race, the qualities of an effective public statement, and what follow-through after the statement looks like.
Our ninth annual technology roundtable podcast was initially recorded in early March, just before the coronavirus pandemic started wreaking havoc on American lives and the economy. With the world at a dramatically different place than when we first recorded, the roundtable participants agreed to hold another call May 6 to discuss the impacts of COVID-19 on accounting, accounting technology, and accountants themselves.
Participating in the episode are two of the top technology experts in the accounting space: Donny Shimamoto, CPA/CITP, CGMA, founder and managing director of IntrapriseTechKnowlogies LLC, and Amanda Wilkie, a consultant with Boomer Consulting. They are joined by small firm owner Nikki Winston, CPA, who leverages technology to provide accounting services and CPA Exam coaching through her firm, The Winston CPA Group.
A hard trend can be defined as a predictable, future fact. While it’s tough to predict the price of oil or the direction of the stock market daily or weekly, finance professionals can focus on hard trends to have a better understanding of where business is heading. Tom Hood, CPA/CITP, CGMA, the CEO of the Maryland Association of CPAs and the Business Learning Institute, shares insight into three hard trends and why they matter for accountants now.
Eileen Sherr, CPA, CGMA, a senior manager in the AICPA’s Tax Policy and Advocacy team in Washington, D.C., describes her work with volunteer members of the AICPA’s Technical Resource Panel for State and Local Taxation and with state CPA societies as they advocate with state tax authorities for coronavirus-related taxpayer relief at the state and local level, and resources for keeping track of each jurisdiction’s response.
What you’ll learn from this episode:
- In what ways state tax filing and payment relief measures do and don’t correspond to those of the federal government.
- What further provisions the AICPA has recommended for state and local tax administrative and filing and payment relief during the pandemic.
- Links to AICPA resources for learning more about state and local tax relief provisions and guidance related to COVID-19.
Jonathan Flack, CPA, the U.S. family business services leader at PwC, discusses the struggles family businesses are facing during the current economic crisis, as well as the unique strengths that can help them weather hard times such as these. He also shares advice for clients who are family business leaders, especially around communicating with staff and stakeholders.
What you’ll learn in this episode:
- How family businesses are faring during the current economic crisis.
- How these businesses can improve liquidity during the economic downturn.
- Advice for family business leaders having hard discussions with stakeholders.
- The strengths of family businesses that can help them endure in this crisis.
- What role continuity planning can play in crises of this nature.