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…
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…
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 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…
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…
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…
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…
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…
The governance bells are tolling for corporate, non-corporate, not for profit, governmental, and other organizations. Investor and stakeholder demands, regulatory actions, and growing litigation risks…
Blurring the Lines
Multidisciplinary Practice Challenges for CPA Firms
IN BRIEF As CPA firms increasingly seek to provide integrated legal and advisory services, they face a complex web of ethical, legal, and regulatory constraints…
Navigating the Crossover in Tax Standards for Licensed and Non-Licensed Tax Practitioners in New York State
Part 2: An Examination of Special Circumstances, Implications for Non-Compliance & Best Practices for Compliance
The first part of this article series addressed the applicable standards for licensed tax practitioners as they related to confidentiality, conflicts of interest, and independence.…
From ‘Tone at the Top’ to ‘Checks and Balances’
The Ongoing Shift in Corporate Governance
Over the past five decades, corporate governance experts have focused on improving the “tone at the top.” The belief has been that a strong CEO…
NOCLAR Has Only Been Put on Hold
Controversial Proposal Would Have Significantly Widened the Scope of Audits
The Public Company Accounting Oversight Board (PCAOB) released exposure draft PCAOB Release 2023-003, “Amendments to PCAOB Auditing Standards Related to a Company's Noncompliance with Laws…
In Brief The Boeing case is a cautionary tale of what can go wrong when a company fails to develop and implement sound internal quality…
Applying Problem Solving Tools to Ethical Conundrums
Goldratt’s Evaporating Cloud Framework
CPA firms are constantly confronted by regulatory, compliance, and ethics issues in the face of an unpredictable and changing world. Hot topics like environmental, social,…
In Brief The Boeing case is a cautionary tale of what can go wrong when a company fails to develop and implement sound internal quality…
Applying Problem Solving Tools to Ethical Conundrums
Goldratt’s Evaporating Cloud Framework
CPA firms are constantly confronted by regulatory, compliance, and ethics issues in the face of an unpredictable and changing world. Hot topics like environmental, social,…
In Brief The Boeing case is a cautionary tale of what can go wrong when a company fails to develop and implement sound internal quality…
Nonfungible tokens (NFT) are virtual records of ownership of either physical assets or digital assets, such as digital artwork, concert tickets, or access to games.…
The recent multibillion-dollar investment by private equity in a major CPA firm reminded me of the concerns that I raised in an article that I…
ICYMI | The Fraud Diamond
A 20-Year Retrospective
In Brief It has been nearly 20 years since, in the pages of the Journal, the authors introduced the Fraud Diamond—a novel extension of the long-established Fraud…
Navigating the Crossover in Tax Standards for Licensed Tax Practitioners in New York State
Part 1: An Examination of the Tax Standards
In Brief CPAs are distinguished by being subject to high professional standards. But what happens when professional standards overlap, or even conflict with, federal and…
Surveying a Shifting Landscape
The Big Four and the Rising Tide of Advisory Services
In Brief Around the turn of the century, the largest public accounting firms featured fast-growing advisory services divisions. Tension within these firms, and stricter regulations…
Financial Statement Fraud Detection in the Digital Age
Artificial Intelligence versus Traditional Methodologies
In Brief The proliferation of technology throughout modern business has created novel opportunities for financial statement fraud. But technology tools can also be leveraged to…
The recent multibillion-dollar investment by private equity in a major CPA firm reminded me of the concerns that I raised in an article that I…
Financial Statement Fraud Detection in the Digital Age
Artificial Intelligence versus Traditional Methodologies
In Brief The proliferation of technology throughout modern business has created novel opportunities for financial statement fraud. But technology tools can also be leveraged to…
Surveying a Shifting Landscape
The Big Four and the Rising Tide of Advisory Services
In Brief Around the turn of the century, the largest public accounting firms featured fast-growing advisory services divisions. Tension within these firms, and stricter regulations…
The ‘Controversial’ NOCLAR Proposal
Are Stakeholders in Favor of Change?
On June 6, 2023, the PCAOB published an exposure draft requesting comments about the auditor's role with respect to noncompliance with laws and regulations (NOCLAR).…
The Fraud Diamond
A 20-Year Retrospective
In Brief It has been nearly 20 years since, in the pages of the Journal, the authors introduced the Fraud Diamond—a novel extension of the long-established Fraud…