Some investors have shown enthusiasm for the inclusion of non-GAAP measures, including reporting on sustainability issues and climate-related risks, in addition to traditional financial reports.…
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,…
In November 2025, New York State became one of the 20-plus states thus far to enact legislation that provides an alternative to the 150-hour education…
The US Congress passed the so-called One Big Beautiful Bill Act (OBBBA, PL 119-21), making permanent or extending many of the Tax Cuts and Jobs…
In September 2024, the AICPA and NASBA proposed a new competency-based path to become a certified public accountant (B. Strickland, “AICPA, NASBA Propose a New…
Many CPAs who represent notfor-profit clients and serve on not-for-profit boards may be interested in a web page created by the National Council of Nonprofits,…
CPA firms can utilize the many excellent tools and services available to create a strong online presence, such as professional website design and management, website…
CPA firms can utilize the many excellent tools and services available to create a strong online presence, such as professional website design and management, website…
CPA firms can utilize the many excellent tools and services available to create a strong online presence, such as professional website design and management, website…
It's been a year since the AICPA and NASBA's CPA Evolution Initiative launched, and the AICPA and NASBA offer some excellent free resources on their…
Many CPAs are already familiar with artificial intelligence (AI) tools through the use of accounting and tax-related database tools such as the FASB Accounting Standards…
Major changes to estate and gift taxes are periodically a topic of discussion in Congress and the popular press. The Tax Cuts and Job Act…
Major changes to estate and gift taxes are periodically a topic of discussion in Congress and the popular press. The Tax Cuts and Job Act…
The nonprofit sector is an important service niche for many CPA firms, as well as a popular choice for professional employment by CPAs in industry.…
Professional independence is required for CPAs performing financial statement attest services, whether the client company is privately held or publicly traded. In both circumstances, CPAs…
Accountants continue to increase their use of technology and process automation in an effort to accomplish more with fewer available hours, both from themselves and…
The CPA Evolution Initiative, first announced in 2020, is approaching its official launch in January 2024. The CPA Evolution Initiative is a partnership between the…
Sustainability accounting covers nonfinancial performance measures pertaining to an organization's environmental and social impacts, rather than just economic. The concept of sustainability accounting allows companies…
Chat GPT is an artificial intelligence (AI) chatbot developed by the OpenAI organization. Many readers may already be familiar with chatbots, which are software applications…
The Financial Accounting Foundation has recently launched the updated online Governmental Accounting Research System (GARS), and its new features and resources make it a must-see—as…
Alarge majority of respondents to The CPA Journal 2022 Practice Management and Tax Practice Survey reported substantial difficulty in reaching an Internal Revenue Service representative, which…
ICYMI | Practice Management and Tax Practice in the Current Environment
2022 Annual Survey of New York State Practitioners
In Brief Professional accountants continued to deal with practice-related, economic, social, and tax law changes resulting from the global pandemic during the 2022 busy season,…
Many respondents to The CPA Journal's 2022 Practice Management and Tax Practice Survey (see p. 28 of this issue) reported that they have adopted new practice…
Practice Management and Tax Practice in the Current Environment
2022 Annual Survey of New York State Practitioners
In Brief Professional accountants continued to deal with practice-related, economic, social, and tax law changes resulting from the global pandemic during the 2022 busy season,…
The accounting profession is well aware of the need to attract and retain new accounting professionals. The AICPA's 2021 Trends: A Report on Accounting Education,…
Individual taxpayers have probably noticed that they have been required to answer questions on Form 1040 about virtual currency transactions in recent years. The U.S.…
B Corporations are for-profit entities that not only provide products or services with a goal of earning a profit for its owners, they also contribute…
Individual taxpayers have probably noticed that they have been required to answer questions on Form 1040 about virtual currency transactions in recent years. The U.S.…
In September 2018, the International Ethics Standards Board for Accountants (IESBA) issued a new International Code of Ethics for Professional Accountants, which was recently revised…
Accounting trend observers report that audit and assurance services regarding environmental, social, and governance reporting, as well as cybersecurity risks, continue to be prominent issues…