Generally accepted audit standards (GAAS) require an auditor to communicate significant findings from the audit to those charged with governance in the entity being audited,…
Closely held companies—including CPA firms—are susceptible to internal disagreements between their owners that sometimes lead to a “business divorce.” A business divorce is a legal…
Fiduciary Duty, Due Care, and the Public Interest
A Practical Dilemma for CPAs
The times have changed dramatically for CPAs. No longer are there only purely traditional CPA firms providing accounting, attestation, and tax services. The major firms…
The Lawyer's duty is first of all to his client, and that duty frequently compels him to avail himself of technicalities and other means of…
The Lawyer's duty is first of all to his client, and that duty frequently compels him to avail himself of technicalities and other means of…
Given the ongoing changes in accounting, auditing, tax and consulting standards; the scope of services provided; the proliferation of reporting frameworks; and the exponential increases…
"Progress is impossible without change, and those who cannot change their minds cannot change anything." — George Bernard Shaw Is the CPA profession declining in…
Our article in the December 2017 issue of the Journal, “Alternative Dispute Resolution for Accounting and Related Services Disputes,” makes the following statement that needs to…
The Decision Relevance of Financial Reporting
An Exclusive CPA Journal Panel Discussion
In Brief In the past few years, three major accounting standards—revenue recognition, leases, and financial instruments—have been the subject of discussion and preparation for CPAs…
Given the ongoing changes in accounting, auditing, tax and consulting standards; the scope of services provided; the proliferation of reporting frameworks; and the exponential increases…
The Authors Respond
Response to Howard Levy
We would like to thank Howard Levy for his complimentary and complementary letter on our article. We initially included most of the “plain paper” financial…
The Authors Respond
Response to Charles Landes and Michael Glynn
We appreciate and thank Charles Landes and Michael Glynn for their letter commenting on our article. Rest assured that we are not discrediting the quality…
We are what we pretend to be, so we must be careful about what we pretend to be. —Kurt Vonnegut, Mother Night (Introduction) For most…