08/28/2025

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

The IRS lost about 25% of its workforce this year through incentive-based resignation programs, forcing the agency to offer employees the chance to rescind their departures to fill in “critical vacancies.” Employees are given five days to respond, and rescission needs mutual agreement.

Reports found that 7,315 probationary employees terminated were mostly “high-performers” themselves. Another 3,317 employees remain under court injunctions or pending notices, leaving the IRS to stabilize employment amidst potential risks on mission-critical operations.

Source: Journal of Accountancy

🧮 COOL AF! (Cool Accounting Facts!)

Did you know that medieval accountants recorded financial transactions with goose-feather quills on sheepskin parchment before Excel was invented?

Quills weren’t just pretty feathers either: scribes carved financial transactions with knives, also utilized for erasing mistakes by scraping away dried-up ink.

So, next time your Excel spreadsheet freezes unexpectedly, take comfort with your priviledges - at least you didn’t need to chase a goose just to close books.

Healthcare fraud isn’t just some complex terminology — it’s a full-blown threat on patient supervision, healthcare compliance, and financial integrity. 

Wisdify’s courses lead you beyond theories, and into real-world schemes like: upcoding practices, “ghosted” billings, and with more fatal healthcare’s blows.

🩺 Healthcare Fraud Prevention

Arm yourself with fraudulent healthcare knowledge needed to actively prevent scam fraudulent activities by knowing the right preventative measures taken:

Learn how to process:

• Recognize healthcare fraud schemes like phantom billing

• Understand necessary laws and regulations in healthcare

• Conduct fraudulent assessments using triangle framework

• Design effective internal controls: duty segregation, audits

• Apply result-driven techniques: benchmarking detections

• Confidently respond to violations and enforcement process

🤖 AI for Accountants

Automation processes make your workflows efficient. Roll up your sleeves and handle tools like ChatGPT, Gemini, Microsoft Copilot to shift workflows better:

Here’s what you’ll master:

• Drafting polished client emails and reports in minutes.

• Turning financial sheets into executive-ready insights 

• Automating journal entries with more GL classifications

• Detecting anomalies, potential fraudulent risks with AI

• Using AI forecasting, estimated budgeting, tax research

• Knowing the ethical, security, and compliance side of AI 

Wisdify’s programs are designed for accountants entering fraud detection in healthcare proficiency to AI-powered efficiency in workflow processes.

If you’re looking for an extra set of hands, Wisdify is your blessing in disguise.

Source: Wisdify

🔢Numbers Don’t Lie

U.S. Treasury Department and IRS plans to withdraw the Disregarded Payment Loss (DPL) rules and other related dual consolidated losses. The rules aimed to prevent double deductions, however proved complex and expensive, and their withdrawal gives companies more flexibility.

Notice 2025-44 extends transition relief for dual consolidated losses under the OECD/G20 GloBE Model Rules until 2028, delaying Pillar Two tax effects. This reduces compliance burdens for businesses and eases restructuring pressure, aligning rules with long-standing tax principles.

Source: CPA Practice Advisor 

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#ExcelMassacre💀💥