In Brief Although ethics is undoubtedly at the core of what it means to be a public accountant, there has long been dispute and divergence…
The Accounting Profession and the Pandemic
Temporary and Long-term Changes
When the entire world shut down because of the coronavirus (COVID-19) pandemic, the accounting profession had to adapt quickly. Not only did many CPA firms…
Integrating Sustainability into the Accounting Curriculum
Meeting an Emerging Student Demand
Last year marked the 50th anniversary of Milton Friedman's seminal article, “The Social Responsibility of Business Is to Increase Its Profits.” The essay focused primarily…
Mandatory Nonfinancial Reporting in the EU
Implications for U.S. CPAs
As a result of new regulation in the European Union (EU), in 2018 many companies will issue their first annual reports containing mandatory nonfinancial disclosures.…
Benefit Corporations and B Corporations
New Opportunities for Accountants
For-profit corporations in the United States are required as part of their fiduciary duties to act in the best interests of their shareholders. Conventional wisdom…
As more organizations integrate sustainability into their business strategies, the traditional role of accountants is expanding to provide sustainability reporting and assurance services. To be…