How do you keep up with the latest developments in accounting principles?
This question is to see if you take the initiative to stay current on the latest accounting developments. If you are a CPA, talk about how you use mandatory continuing education requirements to stay up to date on the latest trends and regulations. Also, discussions with auditors is another great way to keep current on relevant developments.
"I stay up to date in various ways. First, as a CPA I am required to obtain 80 hours of continuing education every two years. I use this to my advantage by taking courses that are most relevant to my organization's industry. Secondly, I collaborate with our auditors who are experts on the accounting code. Confirming with them that I am correctly implementing certain complex accounting treatments is good practice. Lastly, I like to absorb information in other ways such as reading newsletters and participating in industry groups."
