Outsourced Accounting & Finance
Janice M. O’Reilly to Retire March 1
AAFCPAs announced today that Janice M. O’Reilly, CPA, CGMA will retire effective March 1, 2026, marking the culmination of an extraordinary career defined by leadership, vision, and enduring impact. Over nearly a decade with the firm, Janice has been a trusted advisor to clients navigating pivotal moments, a builder of nationally recognized advisory practices, and […]
Organized Books & Records Support Efficient Financial Statement Audits and Timely Tax Filings
We all know that clean, complete, and well–organized prepared by client materials (PBCs) can directly shorten audit and tax compliance preparation timelines. However, teams do not always provide those in the ideal condition. As busy season reaches its peak, pressure intensifies for fellow public accounting auditors and their clients alike to keep financial affairs in […]
AAFCPAs Invited to Speak on Finance Fundamentals for In-House Legal Teams
Join AAFCPAs Consulting CFOs and Risk Advisory practice leaders for an engaging session hosted by New England Corporate Counsel Associations, Inc. (NECCA) focused on strengthening collaboration between legal, finance, and business teams. The session, Speaking the Same Language: Finance Fundamentals for Legal Teams, is designed for in-house counsel who want a clearer understanding of essential […]
Due Diligence Preparation That Supports Stronger M&A Outcomes
Due diligence serves as the buyer’s primary tool for validating financial, operational, and compliance assumptions in a transaction. When documentation is incomplete, inconsistent, or poorly explained, diligence shifts from confirmation to investigation. This change increases scrutiny, extends timelines, and may place transaction value at risk. For sellers, the greatest exposure often stems not from complex […]
How to Level Up Financial Planning & Analysis
The Crucial Role of FP&A Financial Planning & Analysis (FP&A) plays a crucial role in an organization’s success and increasingly overlaps with business intelligence and data analytics. Budgeting, forecasting, and analytics support decision makers at organizations of all sizes. Most have the basic building blocks to drive FP&A—for instance, a good grasp of their industry, […]
AAFCPAs Expands Outsourced Accounting and Audit Teams
AAFCPAs, a U.S. Top 100 CPA and consulting firm, is expanding its talent community with the addition of three talented and accomplished professionals. Their backgrounds span education, healthcare, and nonprofit sectors, bringing a combination of technical depth and practical insight that enhances AAFCPAs’ ability to deliver proactive, results-oriented solutions for complex client needs. Ahmatjan advises […]
Helping Clients Get Audit-Ready: How Advisory Team Supports Auditors
As year-end approaches, many finance teams and their external auditors navigate the season’s challenges with a shared goal: ensuring financials are audit ready. Disorganized records, such as missing source documents or unreconciled general ledgers, can add unnecessary complexity to this process, leading to longer hours and heightened stress for both clients and auditors. CFOs and […]
FASB Simplifies Credit Losses for Accounts Receivable and Contract Assets
Accounting for credit losses has required companies to peer into the economic fog, projecting how shifts in employment, inflation, or policy might affect a customer’s ability to pay. In July, the Financial Accounting Standards Board issued Accounting Standards Update 2025-05, offering a way to sidestep some of that guesswork—at least for accounts receivable and contract […]
Massachusetts Operational Services Division Provides EEC UFR Reporting Guidance
The Massachusetts Department of Early Education and Care (EEC) introduced changes to its contract reimbursement model that give providers greater flexibility in how costs are recognized. As a reminder, effective October 1, 2024, contracts that were once primarily unit rate now follow a mix of unit rate and cost-reimbursable structures. The change applies to both […]