AICPA Online Mentoring Program participants offer advice to help firms and professionals get the most value out of any mentoring effort.

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AICPA Online Mentoring Program participants offer advice to help firms and professionals get the most value out of any mentoring effort.

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Email may be easy to use, but that also means itâs easy to mess up. Here are some email errors to steer clear ofâand best practices to employ.
Capable accountants will be needed to oversee and use advanced technology.
Rochester-Genesee Regional Transportation Authority CFO Scott Adair, CPA, CGMA, describes how he covers skills gaps in the public transportation sector.
CPAs based in the US are largely content with their salaries and expect to be earning more within the next year, according to a new survey by the Association of International Certified Professional Accountants.

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Exclusive: hackers may have accessed usernames, passwords and personal details of top accountancy firmâs blue-chip clients
The South African Revenue Service is considering instituting legal proceedings against KPMG LLPâs local unit for reputational damage after the auditing firm withdrew the conclusions of a report that was used in a police probe against former Finance Minister Pravin Gordhan and led to the removal of senior staff at the agency.
In the wake of a variety of accounting scandals that cost investors billions of dollars, the Sarbanes-Oxley Act was introduced in 2002 to provide assurance about the accuracy and completeness of financial statements.
The three sessions on workplace inclusiveness will continue into the Fall and be worth one CPE credit each.
The Internal Revenue Service will be taking steps to deter the risk of employment tax fraud by professional employer organizations beyond the certification process it established in recent years, according to a new report.

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An IASB exposure draft seeks to clarify the distinction between accounting estimates and accounting policies.
The emerging discipline of tax information and operations management could change the role of tax professionals from one focused on compliance to one essential to creating value.
Hereâs what employers need to do to hire and retain good employees, and what candidates need to do to land a position in a competitive talent market.
The SEC has issued a staff accounting bulletin to bring its existing guidance into conformity with FASBâs new revenue recognition standard.
6 Accounting Work Cultures
Ever wonder which type of work environment works for you? After a decade in my accounting career, Iâve experienced many accounting and finance work environments and wanted to share a summary with you to decide which one is ideal for you.
I include a list of companies and the variety of cultures Iâve worked in at the bottom of this post, in case youâre curious. Thereâs also a quick accounting culture quiz toward the bottom if you want to get some insight about yourself.
Here are the 6 accounting work cultures Iâve experienced:
1. Audit Culture
Overview: âUgh, not the auditor again.â That might be what the client says, but the reality is youâre the fortunate one getting a really unique experience and developing skills that ALL companies need and want by the time you leave audit.
It still sets a tone for the culture, though. You have to be careful (not to bother the client too much), but aggressive at the same time (because the client doesnât wake up each morning saying, âI canât wait to help the auditor today!â). Itâs a fine line to face and you must constantly be building trust and relationships with your clients.
At the same time, you could be answering to a manager in their late 20âs or coaching a staff whoâs fresh out of college. Audit is generally a young culture. Even new partners tend to be late-30âs, early 40âs, and move on by 55. The opportunity to advance is healthy.
Everyday is a new day. You get a WIDE variety of tasks and responsibilities, whether itâs a new client in a market youâre not familiar with, working on a new section of the audit (cash vs fixed assets vs revenue, etc), or different procedures (quarter review, year-end audit, controls testing, stat audit, etc). You need to be ready to learn, ready to perform, and ready to report ALL..THEâŚTIME. Itâs a fast-paced environment that tends to require a lot of extra hours.
Key Attributes: networking opportunities, always new tasks and projects, strong chain of command with opportunity to get promoted, generally a younger environment, long hours, and fast way to develop skills
2. Consulting Culture
Overview: I realized fast in my transition from auditor to consultant how much the clientâs perception changes. As an auditor youâre generally perceived as a âbother and requiredâ by the client, while as a consultant youâre seen as âhelp and value-adding.â
Consulting firm structures can vary a great deal, but some culture attributes are consistent. You still get project-based, client-facing experience which leads to a fresh, new environment every few months and excellent networking opportunities.
In almost all cases, clients are hiring you for the skills youâve acquired in the past rather than for you to develop new ones, so youâre likely to plateau on learning new skills. Because of this, itâs common to see consulting firms set up as flat organizations where you have a pool of senior consultants, then project leaders, and then the owners of the firm. Youâll get a mix of young and old professionals. The hours are usually flexible and can be long or short, depending on your clientâs needs.
Key Attributes: strong networking opportunities, new tasks and projects every few months, loose chain of command, mix of all ages, and not always ideal for developing new skills or getting promoted
3. Early-Stage Startup Culture
Overview: To put some loose definition around âearly-stage startupâ, I mean less than 5 years old, Angel or VC-funded, less than 100 employees, and generating revenue.
This can be the most fun or the most frustrating culture for you, depending on the type of accountant you are. Itâs a smaller environment, where every one knows each other, and chances are youâre involved with a product that is new, innovative, cool, and exciting to be a part of.
Be ready for anything, though. Youâll probably find yourself doing a wide variety of tasks, such as file tax reports, process payroll, approve expense reports and pay vendors, enter receivables and cash receipts, track fixed assets, and/or balance cash. Oh yeah, finalize the TB and report financial results to the CFO. Startups generally keep their accounting departments lean early on, so you can expect this range of responsibilities.
The pace of deadlines can vary, sometimes slow and other times fast, depending on if the startup is growing quickly, raising more money, or management has ad hoc reporting needs. At the end of the day, it can be really fun and if you got stock options they may pay off one day!
Key Attributes: great for developing new skills, small and lean department, generally relaxed and fun, hours could be long or short, efficient communication amongst the team, limited networking opportunities, ability to get promoted depends on the success of the startup
4. High-Growth, Pre-IPO Culture
Overview: Want a rush? Join a company gearing up to go public or experiencing unstoppable, high growth. Thereâs a very good chance this company kept itâs accounting department lean up until this point of needing a bigger, strong accounting team.
Standardizing the monthly close, implementing a new ERP, thinking about controls, preparing for SEC reporting, and working alongside other accountants who were probably hired within the past 6 months and practically just as new as you are. Plus, you likely have outside consultants and auditors in the mix. Itâs pure chaos! For this reason, be prepared for a fast-paced, on-the-fly learning, tight deadlines, and late nights. Itâs not easy going public or managing high growth, but if you find yourself in such a situation make sure you have stock options or some other compensation to make up for the extra hours!
Key Attributes: fast-paced, brand new accounting team, a lot of multi-tasking, tight deadlines, strong opportunity to develop new skills and work on new projects, expect long hours, great chance for promotion if you prove yourself
5. Small Business Culture
Overview: As opposed to a startup, this type of small business refers to a company thatâs been around for a longer period of time (i.e. more than 10 years), consistent or steadily growing revenue, and less than a couple hundred employees. Some good examples may include a real estate development company or a local credit union.
From the ones Iâve seen, itâs a slow-paced environment with steady, routine tasks, especially when thereâs little-to-no regulation. Sometimes these companies are family-owned and usually the management or staff have been in their roles for 10+ years and consider it the company theyâll retire with. It might be difficult to get promoted, unless your manager retires or a new position opens up. The hours are fair. Itâs easy to clock out at 5 or 6PM and pick up where you left off the next day. The GL close is routine and youâll likely recycle your skills month after month, leading to a potential risk of not developing new ones. Itâs a great environment for the family-oriented, ultra-conservative accountants who want assured stability and a guaranteed work-life balance.
Key Attributes: slow-paced, limited-to-no regulation, steady and routine workload, strong stability, excellent work-life balance, difficult to get promoted, not the best place to develop new skills or expand your network
6. Big Corporate Culture
Overview: If you want the extreme opposite of a startup culture, your best bet may be a big corporate culture. Strong chain of command, regulated activities, internal controls in place (hopefully), andâŚdare I sayâŚyouâre just a number.
You may be working on one small section of the month-end close, internal audit, or tax provision. This is great if you want to create your own niche and become an expert in a specific area of the financials or business.
Your colleagues are there to work and go home. Sometimes the younger employees organize happy hours, but donât expect the senior management or veteran accountants to hang. With size and chain of command, the opportunity to advance is very good. Expect to work hard for the promotion and youâll probably have to play politics.
Key Attributes: regulated environment, tight chain of command, strong ability to get promoted after proving yourself and playing politics, develop new skills if youâre motivated, proactive, and management accepts you, even mix of young and older employees
So, what appeals to you? These are the cultures Iâve experienced and Iâm sure there are more, so if youâre in one not mentioned above, please feel free to comment and share.
You can take this quick 7-question quiz here that tells you which culture fits you best.
List of companies and cultures Iâve experienced:
I started with PwC in Buffalo and audited:
M&T Bank (banking, publicly-traded, big corporate, 10k+ employees)
Corning Credit Union (banking, small town, family-feel, less than ~200 employees)
Catholic Health Systems (healthcare, not-for-profit, 4 subsidiary hospitals)
Sodexo (concessions/restaurants, global (HQ-France), big corporate, 10k+ employees)
âŚthen I moved to L.A. into private industry:
Cornerstone Ondemand (high-growth tech, pre-IPO at the time, brand new accounting team)
Mobile Messenger (private tech/mobile billing, mid-sized, small accounting department)
âŚand I spent a few years consulting:
Lionsgate Entertainment (entertainment, publicly-traded, big corporate)
Bank of America (big corporate, highly regulated, strong chain of command)
The Rubicon Project (high-growth tech, pre-IPO at the time, brand new accounting team)
EJM Development (real estate, stable environment, family-owned, ~100 employees)
The Honest Company (high-growth tech, growing accounting team, open workspace)
Telesign (high-growth tech)
Advanced Turbine Designs and Atlas Ground (early-stage startups)

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ACCOUNTING HIGHLIGHTS:TREASURY DEPARTMENTJuly 20: The Senate Finance Committee approved David J. Kautter, President Donald Trump's choice to be assistant secretary for tax policy at the Treasury...
TREASURY DEPARTMENT
July 20: The Senate Finance Committee approved David J. Kautter, President Donald Trump's choice to be assistant secretary for tax policy at the Treasury Department. The unanimous vote allows the nomination to go to the full Senate. If confirmed, Kautter will play a key role in shaping tax policy as Republicans work to overhaul the tax code.
SECURITIES AND EXCHANGE COMMISSION
July 20: The Securities and Exchange Commission cut its rulemaking agenda by about half, according to the agency's semi-annual regulatory docket. âMr. and Ms. 401(k) would not be happy about the new regulatory agenda published by the SEC today,â Dennis Kelleher, president and chief executive officer of Better Markets, said. âWhile it includes some important items that may improve our markets and protect investors, it falls far short of achieving the kinds of Main-Street-Investor oriented goals that the SEC exists for.â
ETHICS
July 21: Less than a third of corporate executives polled by Deloitte are confident that their employees will blow the whistle on unethical behavior. âIf there was one area that I felt was worrisome, it was that statistic,â Carey Oven, a risk and financial advisory partner at Deloitte & TouchĂŠ LLP, told Bloomberg BNA.
GOVERNMENT ACCOUNTING
July 22: State and local governments will be getting answers to hundreds of questions on how they are to apply accounting for non-pension retiree benefits. The Governmental Accounting Standards Board proposed about 507 questions and answers in an implementation guide to clarify, explain or elaborate accounting and financial reporting for Postemployment Benefits Other Than Pensions (OPEBs).
DISCLOSURE
July 22: Companies trying to make sure minerals in computer chips, jewelry, and other products don't fuel conflict in Africa still struggle with identifying their source. Two-thirds of companies that submitted conflict minerals reports to the SEC this year didn't say where their minerals were mined. That's essentially unchanged from last year and the year before.
CAPITAL FORMATION
July 23: U.S. regulators said they have jurisdiction over one of the hottest new areas of finance: initial coin offerings of digital currencies. Companies that raise money through the sale of digital assets must adhere to federal securities laws, the SEC said. Issuers must register the deals with the government unless they have a valid excuse, as should exchanges that offer trading of cryptocurrencies like bitcoin and ether, the regulator said.
PENSION BENEFIT GUARANTY CORPORATION
July 23: The Pension Benefit Guaranty Corporation wants feedback from the pension community on regulatory and deregulatory actions, the agency said. The agency listed 13 questions, most of them aimed at garnering feedback on the administrative burdens that plan sponsors face. The PBGC is asking the public to weigh in on whether there are PBGC regulations that eliminate jobs or inhibit job growth.
ACCOUNTING STANDARDS
July 24: Advocates for block chain technology and the digital currencies it supports told Bloomberg BNA those databases can't meet their potential in U.S. capital markets unless the U.S. standard setter fashions accounting rules specifically for them. âWe have many companies that are members of the Chamber of Digital Commerce. They're operating
We wish there was a handbook for success, but there isnât. Hereâs the next best thing: a list of ways you can realize your dreamsâand be a more productive person in the process.
Wouldnât it be great if success was simple?
But it isnât.
Thereâs no one-size-fits-all answer for success in work and life, but we will do our best to steer you in the right direction.
Hereâs a list of helpful habits of some highly successfulâand wildly productiveâpeople to get your started. On your mark, get set, andâŚ
Get up insanely early
It sounds scary, we know, but consider what would happen if instead of watching reruns of bad movies at night, you went to bed at a reasonable hour, thus allowing yourself to wake up early and be SUPER productive?
Waking up before anybody else allows you to work out the logistics of the day to come, track your time, and (most importantly) unplug for a few hours.
Take Paul Dejoe, who gets up at 4 a.m. (you heard that right) for maximum productivity:
What I was depriving myself from was time in the day where there was no pressure and no expectations. For the same reasons that I felt most creative on Saturday mornings and on planes, 4 a.m. has become a place of productive peace. That feeling is why I love what I do. I donât need a vacation. I donât need to step away. I just need a couple hours a day before anyone else is up.
After all, the early bird catches the wormâand much more, apparently.
Keep promises, no matter how small
Talk is cheap and meaningful customer relationships are built on promises. Same goes for your personal life, right?
Well, maybe.
Success is built on mutually trusting relationships with just about everybody. If you say youâre going to walk the office dog? Well, youâd best walk the office dog.
Learn how to tell stories
You want to be successful in life, but you donât have a job, or youâre looking for a new one. The first step to nail that dream job? Learn how to tell a great storyâstarting with your interview.
Big companies know storytelling is the secret weapon to âbranding.â Why? Because people donât fall in love with data dumps and PowerPoint slidesâthey are moved by emotions.
And for those looking to be in charge, the bestâand most memorableâway to make an impact and stick in peopleâs minds is to ditch the small talk, and learn how to unspool meaningful narratives.
Want to get started? Hereâs how, straight from a master of improv.
Lead, donât dictate
Thereâs a big difference between being a leader and being a boss.