Busy season is officially over.
You’ve been powering through all season. Returns are in, and extensions are filed. And most importantly, your clients are happy because you’re a powerhouse CPA. Now that you have free time on your calendar, it’s time to take your superhero-self on vacation.
Deciding where to go on vacation can be challenging, which is no surprise, considering many Americans spend up to 10% of their household income on vacations every year.
That means your vacation should be memorable and offer experiences and sights you’ve never encountered — perhaps because you didn’t even know they were there.
Take a gander at these offbeat vacation ideas to get your creative mind going and help you prepare for your best post-busy season yet.
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Standards are amended, and new ones are issued. But did you know that it is possible to express your opinion—and even make a difference—in the standard-setting process? If you’ve never done so before, here are some tips based on my own experience.
Your opinions are welcome! Standard setters actively solicit comments – not only from those who are directly impacted by the exposure draft but also from any other interested parties. They do read and carefully consider all comments submitted.
The explanatory memorandum is a helpful guide. With any exposure draft, you’ll want to understand the key issues and what they mean. Exposure drafts generally come with explanatory memoranda that offer a quick introduction to the proposed standard. It can tell you, among other things, the key issues addressed and changes proposed. Many explanatory memoranda include questions to consider when drafting your response.
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One of the biggest hurdles in volunteering is knowing where to start. While some may say “just get out there and do it,” it’s not so easy when it comes to volunteering in financial literacy. As a CPA, you have the knowledge you need, but finding the right opportunity that best matches your skills and interests can be a challenge. Luckily, the AICPA has volunteer tools to help.
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Send the right message
Actionable Professional Body Language Tips
Do you remember the last time that someone changed your mind at work? What did the person say that convinced you to change your thoughts? Was it the words they said or how they said it to you?
In professional settings, the nonverbal messages people process consciously and subconsciously change the way they perceive messages. Are you a person that conveys positive and powerful non-verbal cues in your interactions with others? Body language plays a crucial role in how people respond to your words and retain the information you transmit.
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SOC 2® standards have been updated. If you perform these engagements, you need to check out the recently updated SOC 2 guide to make sure you are performing these services according to AICPA standards.
Released last month, the updated guide is a “how to” for service auditors performing SOC 2 examinations to report on a service organization’s system controls relevant to security, availability, processing integrity, confidentially, or privacy. There are three major updates practitioners will want to pay attention to:
- Alignment with clarified attestation standards
The guide conforms with the updated SSAE No. 18 (Clarified Attestation Standards) – meaning it is a vital tool for practitioners to use in developing standards-compliant reports. For example, it includes updated information on requirements related to requesting written assertions and performing risk assessments.
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