06/13/2025

Well, hi there! Sit back, enjoy, and relax as you’re currently on the Daily Accrual.

Every day, I sift through the accounting noise so you don’t have to. I share to you the most relevant, juicy accounting insights that really matter – nothing phony, just some good, accounting testimony! 

📊 Accountants Gone WILD

SEC is preparing to oversee PCAOB’s responsibilities, including audit standard-setting, technical inspections, and law enforcement, if Congress eliminates them via budget reconciliations. The provision, submitted narrowly by the House in May, would shift regulatory duties, subsequently eliminating the accounting support compensations funding the PCAOB.

Officials claim assuming workload is possible if sufficiently funded, requesting an additional $100 million for annual year 2026. Meanwhile, PCAOB Chair Erica Williams defends the board’s independence, stressing its $400 million budget and two-decade role in driving audit quality standards through dedicated national oversight, which remains hard to pull off by other governing entities. 

Source: Thomson Reuters

🧮 COOL AF! (Cool Accounting Facts!)

Long before spreadsheets, medieval accountants were already flexing their intelligence with Merdiban: a stair-like accounting method whose name literally means "stairs" in ancient Turkey.

Merdiban was the backbone of taxes, waqf endowments, and state finances. Apprentices trained under seasoned clerks, writing beautiful siyakat script, keeping the Ottoman empire balanced one stair-step at a time. 

So, the next time your financial statements are overwhelming you, just remember: the ancients had no macros, no Ctrl+Z—just ink, wisdom, and stairways to financial clarity.

You can spot an unbalanced financial statement miles away, but when someone drops terms like “Stark Law” or “HITECH,” your eyes glaze over faster than a Excel spreadsheet on a Friday afternoon. 

Enter Wisdify’s Healthcare Taxation & Compliance and Risk Management in Healthcare Finance — two new professional courses designed for accountants, by accountants.

Healthcare Taxation & Compliance will demystify the fine print behind nonprofit vs. for-profit healthcare orgs, IRS forms like 990 and 1023, UBI, and credits healthcare entities leave behind on the table. It's not just about surviving tax season — it’s about conquering prospects, advising premium healthcare clients and standing out in a competitive industry.

Risk Management in Healthcare Finance dives into real-world scenarios involving fraud, compliance, and healthcare mayhem —with the goal of building you into a calculated, dedicated risk whisperer your CFO dreams of. You'll experiment with risk registers templates, do risk assessments like a pro, and use analytics to outmaneuver financial surprises before they hit.

If you're looking to grow your expertise in a thriving industry while staying rooted in your accounting strengths, this professional series is your launchpad to greater heights. 

Let’s make healthcare tax compliance as familiar as balancing your general ledgers.

Source: Wisdify

🔢Numbers Don’t Lie

Nearly 1 in 3 U.S. workers fear layoffs, making them hesitant to get paid time off (PTO) this summer. 23% remain concerned but proceed cautiously with vacation plans. 73% are still reluctant to take time off due to financial concerns, and 48% feel less confident using PTO due to economic instability. Overall, 47% are unsure or not planning to grab a vacation at all.

Despite needing rest, 6% of respondents feel burnout or stress. Only half feel confident they can fully unplug, while 34% expect to check emails, and 17% admit they’ll likely do work during PTO, needing to appear constantly available in an unpredictable labor market. Career experts warn this might seriously impact long-term productivity and employee well-being.

Source: CPA Practice Advisor 

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