(001) It's time to act on the ballooning federal debt
Purpose In Action: Accountants building a better world
Release Date: 09/07/2022
(008) How to be ready for ethical dilemmas
Purpose In Action: Accountants building a better world
"Simple steps make a big difference when it comes to living, and working, ethically." Clare Levison, CPA, CGMA, is a member of the AICPA Professional Ethics Executive Committee and founder of Inspired Responsibility, a consulting company that delivers organizational education via positive messages and meaningful content. She joins host Kim Nilsen to share tips about ways to deal with ethical risks. TALKING POINTS The conversation touches on: The beauty of having a personal ethics statement. How to build an ethical work culture. Applying the AICPA Conceptual Framework, an approach...
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(007) A look at what’s ahead in 2023
Purpose In Action: Accountants building a better world
While the show is paused for the holidays, here’s a sense of what’s to come from new presenter Kim Nilsen. Purpose in Action is taking a holiday break and the show has big plans for 2023. We’ll start the year on Jan. 25 with the first in a series of episodes exploring the many aspects of ethics. To get more on ethics until we’re back, check out Episode 4’s look at or Episode 6’s discussion of the role we all can play in . LINKS For more on the work of accountants in the public interest, visit our Purpose In Action page at Connect with presenter Kim Nilsen via . Feedback...
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(006) Preventing and detecting fraud: everyone has a role
Purpose In Action: Accountants building a better world
In a sense, everyone is an accountant, and therefore everyone is a fraud detective. We all have a role in preventing and detecting fraud, and it starts with treating compliance activities as more than just a check-the-box exercise. On this episode of the Purpose in Action podcast, global fraud detective Nigel Iyer, FCMA, CGMA, describes ways that everyone can contribute to the prevention and detection of fraud. Iyer, a founder of the firm B4 Investigate in Oslo, Norway, explains: How to combat fraud in a passionate but also compassionate manner. Why everyone is an accountant,...
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(005) Protecting older adults from fraud
Purpose In Action: Accountants building a better world
Fraud perpetrated against seniors can cause tremendous harm. But family, friends and accounting professionals can help. Older adults can be inundated with suspicious communications from potential fraudsters these days. That's why this episode is a must-listen for older adults who are worried about being susceptible to fraud, as well as for their family members and friends who want to protect them. Mitchell Freedman, CPA/PFS, and Ann Marie Milinazzo, CPA/PFS, share insights on fraud schemes to watch for. They also outline tactics that can be used to protect older adults from fraud. You'll hear:...
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(004) Pursuing the good: Building an ethical career
Purpose In Action: Accountants building a better world
The workplace is a great place to build character and integrity. Hear more from an expert in organizational behavior, professor Isaac Smith of Brigham Young University. Looking at time spent at work as an opportunity to build character as well as profit is a good way to make the world a better place. Many people spend more than half of their waking hours during the week at work, so they can develop a stronger moral fiber by making the effort to build an ethical framework for their career. Although leaders have a responsibility to give employees the ability to “pursue the good” at work,...
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(003) Continuous auditing: Improving business results in real time
Purpose In Action: Accountants building a better world
Continuous auditing is an increasingly popular practice that delivers more timely results for clients and the public. Samantha Bowling, CPA, CGMA, of Garbelman Winslow, and Paul Johnson, CPA, of Wipfli, explain how continuous auditing brings substantial benefits. As technology continues to make information available faster than ever, a developing practice known as continuous auditing promises to provide enormous benefits to the public. If a deficiency develops in a company’s internal financial controls, continuous auditing has the potential to detect the problem far quicker than a yearly...
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(002) How defending CPA licensure protects the public
Purpose In Action: Accountants building a better world
Critical professional licensing laws are under attack in legislatures throughout the nation. But CPAs are fighting back to protect the public interest. Legislators on both sides of the aisle have been pushing for laws that would eliminate professional licensure requirements in a handful of states across the country. Accounting professionals and state CPA societies have been fighting to preserve professional licensing rules because they protect the public. Licensing rules give consumers comfort that when they hire a CPA, they will be working with a professional who is held to high standards of...
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(001) It's time to act on the ballooning federal debt
Purpose In Action: Accountants building a better world
As of September 2021, the U.S. federal government had more than $34 trillion in liabilities and less than $5 trillion in assets, according to the federal financial statements for fiscal year 2021. Expenses related to the COVID-19 pandemic have added to the federal deficit, and rising interest rates make it more difficult to pay off what is owed. Greg Anton, CPA, CGMA, a BDO partner and former chair of the AICPA Board of Directors, has long been an advocate of federal fiscal responsibility. He joins us to explain the severity of the deficit problem, which has the potential to spiral and create...
info_outlineAs of September 2021, the U.S. federal government had more than $34 trillion in liabilities and less than $5 trillion in assets, according to the federal financial statements for fiscal year 2021.
Expenses related to the COVID-19 pandemic have added to the federal deficit, and rising interest rates make it more difficult to pay off what is owed.
Greg Anton, CPA, CGMA, a BDO partner and former chair of the AICPA Board of Directors, has long been an advocate of federal fiscal responsibility. He joins us to explain the severity of the deficit problem, which has the potential to spiral and create economic conditions unfavorable for businesses, investors and the public at large. Anton also offers his own suggestions for responsible federal budgeting.
TOPICS
• How the federal financial statement works, and the difference between the financial statement and the budget.
• What the federal balance sheet says about the government’s assets and liabilities.
• What rising interest rates may do to the deficit in the coming years.
• What the public can do to advocate for responsible budgeting.
TAKE IT FURTHER
For more information on the challenges to U.S. federal government fiscal sustainability, visit aicpa.org/whatsatstake.
Read about how government finance leaders delivered critical services to the public during the COVID-19 pandemic.
Connect with our guest Greg Anton
Visit our Purpose In Action page at AICPA.org.
Feedback and comments welcomed at [email protected]
This is a podcast from AICPA & CIMA, together as the Association of International Certified Professional Accountants.