Industry Insights

The blog discusses the impact of remote work, accelerated by the COVID-19 pandemic, on employees and businesses. While some employees thrive in remote settings, others miss in-person interactions. Employers now face the challenge of assessing whether candidates are likely to succeed in remote or hybrid roles, especially when face-to-face interactions might be limited.

The blog discusses how Hancock Askew & Co., a firm with a growing Client Accounting Services (CAS) practice, transformed its approach to team structure and talent management using skills and personality assessments. These assessments provided data-driven insights, leading to the reorganization of the CAS practice into three distinct roles: Doers (focused on accounting tasks), Minders (managing workflow and quality), and Finders (handling client onboarding and business development). This reorganization improved job satisfaction, role clarity, and client service.

To successfully provide these services, firms may need to upskill their staff or hire industry-experienced professionals. Temporary secondments to client sites can also help staff gain valuable insights. For more information on transitioning to controllership services, the blog suggests contacting Deb Defer at Woodard.

The introduction of proctoring in our online tests marks a significant advancement in ensuring integrity and security. Utilizing AI technology, proctoring offers enhanced monitoring capabilities, extended testing durations, and comprehensive detection of cheating behaviors. By embracing this innovation, we reaffirm our commitment to providing trustworthy solutions and fostering transparency and trust in online assessments.

In the ever-evolving realm of examinations and assessments, proctoring remains a timeless safeguard against cheating, particularly vital in fields like accounting where integrity is paramount. As technology reshapes the landscape of online testing, ensuring fairness, accuracy, and confidentiality becomes crucial, underscoring the importance of integrated proctoring solutions tailored to the needs of accountants and accounting firms.

Explore the advantages of incorporating pre-employment assessments in accounting and bookkeeping firms' hiring practices. Research indicates that candidates who perform well in assessments are more inclined to complete them, enabling firms to pinpoint high-quality applicants efficiently, thus enhancing the hiring process.

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.

Discover how to maximize the value of hiring tests in your business. This article provides ten actionable ways to use these tests beyond the hiring phase, for effective on-boarding, personal development, and overall team efficiency. Leverage your investment in testing for a happier, more productive workplace.

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.

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

Who’s better – ChatGPT or Jasper? And would they pass a CPA level exam? We thought we’d get Chat GPT and Jasper.ai to take our CPA level Public Accounting Test. This test is used by employers to assess candidates for roles where a CPA licence is usually required. We analysed the questions into categories to try and see where each AI performed. This is not a scientific analysis but here is what we found...

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!