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Company Ordered to Compensate Accountant Despite $30k Mistake
Company Ordered to Compensate Accountant Despite $30k Mistake

By Donna Roughan on Feb 05, 2024

A Disputes Tribunal ruling mandated a company to pay a former accountant $14,000 in wages despite significant financial losses attributed to his performance. The ruling highlights the importance of robust recruitment procedures and pre-employment testing to avoid "bad hire" scenarios.

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How To Avoid Hiring a ‘Stanley’
How To Avoid Hiring a ‘Stanley’

By Giles Pearson on Jan 17, 2024

Recent studies have actually put the financial cost of a bad hire in third place for its negative impact on an accounting businesses, behind lower morale and reduced productivity. “Stanley” was recently hired by an accounting firm in Los Angeles. His resume showed the experience he’d had with a reputable medium sized firm in a staff accountant role. He was personable and confident at interview, and was hired. The cracks showed within days...

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The Resume Is Dead, Long Live Skills Testing
The Resume Is Dead, Long Live Skills Testing

By Giles Pearson on Jan 17, 2024

According to the survey, 52% of applicants say they exaggerate responsibilities and 45% make up details like the number of direct reports - stuff you can't easily double check.

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CPA Firms Background Screening: Mitigating Risk and Ensuring Trust
CPA Firms Background Screening: Mitigating Risk and Ensuring Trust

By Giles Pearson on May 29, 2023

Explore the importance of background screening for CPA firms in this insightful article by Chris Cooley from MyHRScreens. Learn how thorough checks can mitigate risks, verify credentials, maintain trust and credibility, create a safe working environment, and prevent corporate fraud, ultimately securing a firm's reputation and client trust.

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How Do We Educate Accountants Tomorrow?
How Do We Educate Accountants Tomorrow?

By Giles Pearson on May 23, 2023

Discover how AI is set to impact the education of accountants in this thought-provoking blog. With questions raised about the role of technical knowledge and communication skills, the author proposes changes to the educational system to adapt to the rise of AI and suggests that those who embrace these changes will be in high demand

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Easy Ways To Avoid A Bad Hire In Public Accounting
Easy Ways To Avoid A Bad Hire In Public Accounting

By Giles Pearson on May 16, 2023

This informative blog provides a practical model for demonstrating the cost of a bad hire in public accounting and offers tips to avoid making one. Drawing on 25 years of experience, the author emphasizes the importance of hiring with a purpose, mastering the art of interviewing, verifying beyond the resume, emphasizing team compatibility, and swift decision-making.

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Giles As Cloud Accounting Podcast Guest
Giles As Cloud Accounting Podcast Guest

By Giles Pearson on May 15, 2023

Unlike other ‘fads’ such as crypto and blockchain, where adoption is slow and patchy, AI is moving fast, of immediate real benefit to public accounting firms, and has possibilities well beyond writing and interpreting emails. Giles discusses where AI is going in accounting on the world's most popular accounting podcast – the Cloud Accounting Podcast

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ChatGPT Took Our CPA Public Accounting Test
ChatGPT Took Our CPA Public Accounting Test

By Giles Pearson on May 11, 2023

With the rapid emergence of AI in our daily working lives, we wondered what would happen if we got ChatGPT to sit our CPA Public Accounting Test. You'll be surprised with the results!

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Horror Hire: A Cautionary Tale for Accounting Firms
Horror Hire: A Cautionary Tale for Accounting Firms

By Emily Le Grys on Oct 30, 2021

In a candidate short market, the increasing time pressures and lack of talent are forcing some quick hiring decisions. But lowering the standards of your selection process is not the solution. Selecting the wrong candidate costs more than time and money. As one firm owner recently found out, bypassing valuable steps in the hiring process cost him not just money, but time, reputation, and even his own wellbeing.

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