Industry Insights

Conducting effective interviews for accountants and bookkeepers is crucial, and following a structured format with competency-based questioning, thorough note-taking, and panel reviews can ensure an efficient and fair hiring process

When you’ve advertised a role for a lower level position a few times, and no one of any interest has applied, you get the message that the talent pool is dry. Hiring raw talent is hard. Training them once you’ve hired them is harder still, and much costlier. Making sure you start with the right people will mean it’s more likely this investment pays dividends for your firm. Know your candidates

Assessing project management skills in accounting firms can be challenging through interviews alone. It is recommended to use personality, specifically Big-5/OCEAN based questionnaires, to gain valuable insights into a candidate's suitability for project management by evaluating traits such as conscientiousness, self-discipline, social boldness, assertion, and calmness. These traits are associated with success in project management roles within the accounting field.

Discover the importance of implementing a structured and competency-based approach to interviews for accounting and bookkeeper candidates. Learn how competency-based interviews reduce subjectivity, provide legal protection, and ensure consistent hiring decisions, while exploring key competency questions that assess candidate skills and behaviors.

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Discover effective strategies to navigate salary negotiations when hiring accounting professionals for your firm. Learn how to strike a balance between offering competitive compensation and adhering to budget constraints while attracting top candidates

Explore the intriguing results of ChatGPT's performance in a Debits & Credits Test, shedding light on its understanding of essential accounting and bookkeeping concepts. Learn how AI's proficiency in handling debits and credits could potentially reshape the future of the accounting industry.

Explore effective strategies to boost engagement in hybrid accounting firms, ensuring remote employees stay connected and motivated. Uncover the secrets to overcoming remote work challenges and fostering a thriving environment in this new era of accounting.

As an exhibitor at AICPA Engage, we gained valuable insights into the accounting industry's current challenges and trends. Networking with professionals and showcasing our solutions allowed us to contribute to addressing the most pressing problems for accountants right now. The experience emphasized the importance of collaboration and innovation for the profession's future success and sustainability.

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.

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

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