09/25/2025

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! 

💸 Profit & Loss Report

The IIA’s Risk in Focus 2025 displays geopolitical risk increase (38%, up 10 points) and digital disruption, as North America experiences geopolitical jumps at 45%. Cybersecurity remains the primary global threat at 73%, reflecting ongoing concerns around AI digitization.

Geopolitical risk continues low in audit priorities but remains gaining traction, strengthening IT oversight. Audit focus remains on cybersecurity, governance, regulatory change, and liquidity, though specific gaps persist with geopolitical, digital, and human capital risks.

Source: CPA Practice Advisor 

💎 Rare Accounting Oddities

Did you know bubble wrap isn’t really meant for packaging use? Back in 1957, two inventors were selling their invention as trendy 3D wallpaper - however it completely flopped overnight. 

By reclassifying costs, capitalizing future-use R&D, and carefully managing expenses, Sealed Air company, the inventor of bubble wraps, kept its balance sheet healthy enough to survive. 

Today, bubble wrap is made in such large quantities it could wrap the Earth 10 times. Proof that sometimes, the correct accounting entry is what keeps a “pop” from becoming a flop.

Wisdify strengthens your “Yes, I’ve got this.” career mindset.

🚀 Alteryx 1 Fundamentals for Financial Analysis

This is Excel on rocket fuel - minus the VLOOKUP headaches. Learn how to automate financial workflows in Alteryx, your essential low-code tool.

• Navigate Alteryx like you’ve been using it for years.

• Automate month-end closes to impress your boss.

• Replace Excel-data wrangling using AI processes.

• Build polished reports, and faster client dashboards.

Translation: more time for strategic insights, and battling Excel data.

🕵️ Healthcare Fraud Prevention and Detection

Fraud in healthcare isn’t just about shady billing - it’s about compliance. Equip yourself with fraud prevention toolkits you wished to have sooner.

You’ll learn to:

• Spot red flags that scream “fraud alert” before the regulators do.

• Decode healthcare regulations without legal-induced migraines.

• Use auditing techniques to detect anomalies like phantom billing.

• Apply COSOrules, fraud triangles, and internal control strategies.

In other words: Move from reactive detective to proactive fraud-buster.

This is just the beginning of leveling up your CPA game. 

Wisdify’s programs always bring you ahead of the curve.

Source: Wisdify

📝 Journaling Insider

Job seekers face tougher markets as 78% say employers push the upper hand, with active searches rising to 44% but optimism fading - 59% expect more difficult hunts, 25% foresee waiting over six months, and many struggle with limited openings, and competition. 

Most are broadening options: 83% are taking different roles, 75% temporary work, and some even relocate, switch industries, or accept pay cuts. While better pay, balance, and growth drive moves, fears of layoffs and delayed loom grows, making worker flexibility essential.

Source: CPA Practice Advisor  

💰 Making Cents of Accounting

#AuditYourCircle🫂🗃️