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February 2023

20 | From numbers to narrative: 32 | Tax Matters
How CPAs can tell stories Accounting firm’s distributed clients
with data are intangible assets
Nonexpert audiences often find Debt arrangement did not give rise to
financial data hard to grasp. By an interest in partnership equity
giving numerical data a storyline,
CPAs can make it clearer and 38 | Technology Q&A
more relevant. Try these tips for In this month’s column, learn
polishing your data storytelling how to convert dates from Arabic
skills. numerals to Roman numerals and
how to update the AutoRecover
setting.
40 | The Last Word
Tanner Johnson, CPA, CGMA,
found his dream job as vice
president of global finance
operations at Nike, where he
This month’s TOP STORIES models the company’s aspirations to
his own leadership style.
6 | Private equity eyes
accounting firms large 26 | Blast from the past: Tax
and small planning with the repair
regs.
Private-equity investors are increasingly Now may be a good time to
buying into accounting firms. The deals, reexamine accounting methods
which carry risks and benefits for the and elections made under the
profession, change the way the firms tangible property regulations.
operate.
COLUMNS
14 | How to talk about long-term
ON THE COVER AND ABOVE: IMAGE BY FILO/GETTY IMAGES; CENTER: IMAGE BY VERTIGO3D/GETTY IMAGES;
care with clients 04 | Professional Liability
Clients may be reluctant to discuss Spotlight
long-term care, but it’s better if How the FTC Safeguards Rule may
they have a plan in place before affect your CPA firm
they’re caught off-guard by a health Federal Trade Commission
care crisis. Try these tips for having guidelines intended to help protect
a productive discussion on this financial institution customer
important subject. information may apply to CPAs.

AICPA: Where to turn
RIGHT: PHOTO BY CRAIG MITCHELDEYER/AP IMAGES Member Service Center AICPA Technical Hotline AICPA Tax Section

1-888-777-7077
1-877-242-7212
Visit www.aicpa.org/tax to
stay current on the latest tax
9 a.m.–8 p.m. ET, Monday–Friday
Or chat with us at www.aicpa.org.
developments and access guidance,
us.aicpa.org/research/technicalhotline.html
Chat and phone service available
The hotline is available for questions about
9 a.m.–8 p.m. ET, Monday–Thursday
tools, and learning on key topics and
and 9 a.m.–6 p.m. ET, Friday
accounting, auditing, and attest. A live chat
trending issues.
feature is also available.
journalofaccountancy.com February 2023 | 3