The new international Code of Ethics for professional accountants that was unveiled last month has been “long in the making,” according to Kim Gibson, CPA, a member of the International Ethics Standards Board for Accountants (IESBA) and chair of the board’s Rollout and Implementation Working Group. Gibson, who is the global head of independence for […]

  Hello, my name is John. Like many of you, I am an American citizen living and working in the Philippines. Also, like many of you, the business climate was not what initially attracted me. Rather, it was the beautiful weather and a vastly different social experience from the United States. However, during my first […]

GASB established a single approach to accounting for and reporting leases by local and state governments in a new statement issued Wednesday. GASB Statement No. 87, Leases, is based on the principle that a lease finances the right to use an underlying asset. The standard offers guidance for nonfinancial assets, including vehicles, heavy equipment, and […]

There was a time not long ago when I considering retirement. As an entrepreneur, the question is always, “how can I step away from the business and be assured that my clients are taken care of and my legacy and cash flow are preserved?” For most practitioners, the first thought is to sell the practice […]

For almost a decade, I worked with professional service firms developing sales, marketing and account management strategies that would help them grow. One thing I had a tough time wrapping my head around was why so few firms were open to innovation. Why is it that professional service firms, especially accounting and law firms, find […]

Who doesn’t want to take multiple vacations every year. Better yet, visiting exotic locations around the world while still maintaining a high level of productivity, training staff or meeting with clients. Sounds too good to be true, right? Or maybe you’re thinking that you have to be super rich or have the last name “Trump”. […]

Being a sole proprietor or owner of an accounting firm can be very gratifying but quite challenging at times. It doesn’t really matter if you are a sole practitioner or have staff, the buck normally stops with you. We jokingly call it wearing a lot of hats….when all the decisions come from you and hardly […]

As accounting professionals, we are keenly aware of maintaining the confidentiality of client records. Our clients trust us with their most sensitive and personal information whether it’s accounting records, banking information or tax ID numbers. Our worst nightmare is to have a security breach or otherwise compromise client information or worst yet have a fraud […]

Our President Mr. John R. Wright, CPA had a unique experience while working at Ernst and Young in the 1980’s. He was not only an auditor, but also had the distinction of one of the firm’s few computer auditors. This was at a time, unlike today, when computer auditing was in it’s infancy. By the […]