Every year during tax season, finance professionals handle an influx of sensitive financial and personal information passed along by their clients. Although most CPAs and accountants excel at ...

Cybercrime has been on the rise over the past 18 months, impacting businesses of all sizes and industries, including accounting firms. And unfortunately, the cost of dealing with a cyberattack could ...

Achieving success isn’t just about offering a great product or service, it’s about ensuring that all aspects of your organization, including accounting, are equipped to meet modern challenges. The ...

Many accounting firms have family office practices to better serve their clients and generate new business. The wealthy increasingly prefer working with multi-family offices to other private wealth ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

As high-net-worth individuals and families choose multi-family offices, many accounting firms offer various services they categorize as such. However, when analyzing self-identified family office ...

From giant corporations to solopreneurs, every enterprise uses accounting. It’s important for businesses to consider ways they can improve accounting practices, as this vital piece of business ...

Balancing the tasks of crunching numbers and managing client expectations reflects the average day of accounting firms. While handling financial transactions is their main function, there's always a ...

Trust accounting—specifically, the management and recordkeeping of client trust accounts—is an aspect of legal practice that demands meticulous attention. Whether dealing with escrowed funds, ...

Learn about the Statement of Financial Accounting Concepts issued by FASB, outlining financial reporting principles and their role in shaping GAAP standards.