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Canopy Engagements Launches

 Canopy has introduced engagement software that can define with professional engagement letters and proposals.

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Sikich Adds Data, Analytics Services

 Accounting firm Sikich has hired Rick Young as a senior director to lead it data and analytics practice. Sikich said services will include data governance and fluency, master data management, information management modernization, advanced analytics, and artificial intelligence.

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FreshBooks Launches New Program

FreshBooks has introduced what it says is a new model, Collaborative Accounting. The Accounting software vendor has also introduced Collaborative Accounting Certification for teaching the model.

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Thomson: AI to Boost Firm Profits

 The use of artificial intelligence will increase profits for professional service firms, Thomson Reuters has predicted a recently issued report, “Future of Professionals”.

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Redpath Names Managing Partner

 Redpath and Co. has named Ryan Everhart as managing director effective October 1. He will succeed Mark Gibbs, who has led the St. Paul, Minn.-based CPA firm since 2014.

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Xero Hires Top Sales Exec

 Xero has hired Ashley Grech to the newly created role of chief revenue officer. At the same time, the small business software company said chief customer officer Rachel Powell is leaving Xero after eight years.

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BDO USA to Set Up ESOP

 BDO USA plans to establish an Employee Stock Ownership Plan and the accounting firm said this week that it will be one of the largest ESOPs in the country when it becomes effective at the end of this month.

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Intuit’s Chriss to Head PayPal

 Alex Chriss, who has led Intuit’s small business organization, has been named the next CEO of PayPal. Chriss succeeds longtime PayPal CEO Dan Schulman on September 27.

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AICPA Updates Digital Practice Aid

 The American Institute of CPAs has added to its material on auditing to its practice aid for accounting and auditing of digital assets. Accounting For and Auditing of Digital Assets provides nonauthoritative guidance on the topic under GAAP for nongovernmental entities and GAAS. 

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AICPA Offers Planning Tool Kit 

 The PCPS Strategy Planning Toolkit has been introduced by the American Institute of CPAs. Free for a limited time, it is designed to assist accounting firms in business model transformation.

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