In Brief With new technologies come new forms of assets and, eventually, new rules for the regulation and taxation of such assets. Beyond the current…
Chief Financial Officers have seen their job description expand over the years to include broader responsibilities and more reporting requirements, such as those mandated under…
In Brief To date, “smart contracts” have had only limited use. Nevertheless, they have the power to be transformative, particularly when combined with artificial intelligence…
In Brief Although business's increasing utilization of technology to drive operational decisions has meant a greater reliance on data, it is exceedingly rare that an…
In Brief Corporations have long grappled with the question of how to report the potential impact of climate-related risks on their business. Recent years have…
Our latest issue is all about sustainability, often defined as long-term value creation. For New York State CPAs, that sustainability can show up in various…
In Brief Investors, creditors, and other users of financial information are increasingly looking beyond audited financial statements when making investment decisions. The culture in the…
In Brief Growing numbers of small and medium-sized enterprises (SME), spanning a range of sectors and geographies, are signaling their commitment to an ESG-rooted integrated…
Evaluating the Use of AI in Financial Statement Audits
Factors for External and Internal Auditors to Consider
Technology is constantly evolving, but one thing that has always fascinated people is the concept of artificial intelligence (AI) (B.Y. Kassa and E.K. Worku, “The…
New York State’s annual budget bill, originally expected to be finalized by April 1, 2026, was signed by Governor Kathy Hochul on May 28, 2026,…
Aligning California and EU Climate Disclosure Mandates
A Guide for CPAs
IN BRIEF Recent climate disclosure mandates in Europe and California may have a significant impact on sustainability reporting beyond those jurisdictions. With some changes being…
Corporate leaders and investors alike are faced with a growing list of financially material sustainability risks and opportunities. The manufacturing sector, for example, has significant…
Audit firms have invested heavily in artificial intelligence (AI) in recent years, with media outlets reporting billions of dollars in collective investments from the Big…
Foreign financial accounts serve many entirely legitimate purposes for US taxpayers, from diversification of wealth to the practical needs of cross-border life and business. These…
Implications of the Boeing Crashes for CPAs
Looking for the Lessons Learned
IN BRIEF This article explores the ethical implications of the Boeing 737 MAX crashes through the lens of the AICPA Code of Professional Conduct. It…
Closing Disclosure Lag
Rethinking the SEC Reporting Framework for Modern Markets
The US Securities and Exchange Commission is currently evaluating aspects of the public company reporting framework, including whether quarterly reporting should remain mandatory or whether…
Leveraging Artificial Intelligence in Audit Planning
Optimizing Risk Assessment and Enhancing Audit Efficiency
IN BRIEF Audit planning is one of the most complex but critical stages of the audit process. This leads auditors to look for technologies that…
Nonprofit Budgeting in Uncertain Times
Planning Techniques That Build Resilience
IN BRIEF Budgeting is important to any organization, but particularly for nonprofits. Given the unique challenges that nonprofits face in the current environment of macroeconomic…
SALT Round-Up—Current Developments in Key Jurisdictions
Looking at Illinois, Texas
CPAs need to be aware of current developments in key states to properly advise companies doing business in multiple jurisdictions. As state and local tax…
Knowing the Risks When Following the AICPA’s Code of Professional Conduct
A Personal Journey
IN BRIEF CPAs who exercise ethical judgment under the AICPA Code of Professional Conduct may be caught between fulfilling their professional obligations and the uncertain…
Through the Lens of Litigation
What the KPMG-SVB Case Might Reveal About the Limits of Audit Assurance
This article uses the KPMG–SVB litigation as a case study to explore how audit firms evaluate going concern risks. While the case is specific, the…
Driving Excellence in Nonprofit Audit Quality
Challenges, Solutions, and Impact
IN BRIEF Nonprofits face many unique challenges, and auditors are a crucial component in ensuring they not only meet regulatory obligations but also strive for…
Fraud Risk Management Practices
A CPA Perspective on Organizational Priorities
IN BRIEF Fraud risk management has become increasingly important in the current business environment. How CPAs can best apply their expertise to this task remains…
IN BRIEF Fraud remains a serious risk for any entity, and not-for-profit organizations unfortunately make an easy target. This article explores the ways in which…
IN BRIEF Minimizing and mitigating fraud risks has evolved over the years, and this progress can be seen in the pages of The CPA Journal itself. The…
MARINER Selected Statistics The war in Iran has now been ongoing for five weeks. Brent crude spot prices surged to approximately $127 per barrel at…
In today’s business landscape, the lines between marketing, recruiting, and employee experience (EX) are increasingly blurred. These three areas, which were often siloed in the…
Governmental Accounting Standards Board (GASB) Statement 103, Financial Reporting Model Improvements, specifically addresses management discussion and analysis, unusual and infrequent items, and the proprietary fund statements,…
As more individual taxpayers have contributed cyber assets to 501(c)(3) not-for-profit organizations, the tax treatment of these contributions has come to the forefront. When individuals…
I did not set out to build a career in international development. Like many CPAs, I began with a simple and familiar ambition: to join…
Accounting’s Influence on Governance Structures
Global Historical Lessons for the Profession
Note from Column Editor Anton Lewis: This column introduces a historical perspective on accounting’s potential to facilitate coercion and enhance subjugation—or, instead, to advance social justice.…
Risk managers are continuously reminded by regulatory bodies and framework developers of the importance of maintaining an accurate, complete, and relevant IT asset inventory. The…
How Independent Operational Reviews Can Strengthen Financial Infrastructure
A Guide for Not-for-Profit Organizations
Not-for-profit organizations rely on a strong financial infrastructure in order to support their ongoing operations, ensure sustainability and growth, and drive their mission forward. Finance…
For decades, CPA firms have been built on a simple formula: hire enough junior staff, work them hard during busy season, and eventually a few…
Human Capital Accounting as a Strategic Imperative
Models and Organizational Impact
Note from Column Editor Tracey J. Niemotko: This month’s column was written by Aaliyah Layne, one of my students at Marist University, relating her research into…
We appreciate the thoughts, issues, or questions raised by the readers of the Corporate Governance Corner. The subject of this column is a response to…
Puerto Rico Act 60 Investigations
How the DOJ and IRS Get Evidence from Investors’ Own Lawyers
The US Department of Justice (DOJ) and IRS are currently conducting a criminal investigation into potential abuses of Puerto Rico’s Act 60 tax incentive program,…
Nonprofit Budgeting in Uncertain Times
Planning Techniques That Build Resilience
IN BRIEF Budgeting is important to any organization, but particularly for nonprofits. Given the unique challenges that nonprofits face in the current environment of macroeconomic…