In Brief To complement the data-driven analysis presented in the Rosenberg Survey (see page 20), the authors assembled a virtual roundtable of observers from around…
ICYMI | State of the Profession
Analyzing the Results of the 2021 Practice Management Survey
In Brief The seventh annual 2021 NYSSCPA–Rosenberg Survey identifies trends from the national 23rd Annual Practice Management Survey and provides profitability and growth data of…
FASB Streamlines Income Tax Accounting
Some Simplification for Franchise Taxes
Recently, FASB issued a new Accounting Standards Update (ASU 2019-12), Simplifying the Accounting for Income Taxes. The new standard amends section 740 of the Accounting Standards…
Seeking Truly Global Financial Reporting Standards
Should U.S. Standards Setters Re-Engage with IFRS (and the IASB and ISSB)?
In Brief For decades, leading standards setters have advocated a single set of global financial reporting standards. After large strides were made in converging U.S.…
Finding Financial Experts for Audit Committees
What Compensation Can CPAs Expect?
In Brief Regulatory and market pressures have led to increased responsibilities for corporate audit committees, as well as greater demand for such members to possess…
Implementing CECL During the Pandemic
Unexpected Consequences Revealed
In Brief The much-anticipated and -deliberated changes to the accounting for financial instruments ushered in by ASU-2016-13, Financial Instruments–Credit Losses, happened to take effect during an…
ICYMI | Tax Software in the Ongoing Pandemic Environment
20th Anniversary/2021 Annual Survey of New York State Practitioners
In Brief CPAs continued to deal with a global pandemic during the 2021 tax season, requiring many tax practitioners to work from home, often while…
How the Next Generation of CPAs Can Restore the Public Trust
A Panel Discussion on Fraud, Technology, and Audit Quality
In Brief Corporate fraud has resurfaced in the headlines, troubling those who might have believed the profession had moved past its audit failures of the…
The State of the Profession
Predictions for 2022
In Brief To complement the data-driven analysis presented in the Rosenberg Survey (see page 20), the authors assembled a virtual roundtable of observers from around…
State of the Profession
Analyzing the Results of the 2021 Practice Management Survey
In Brief The seventh annual 2021 NYSSCPA–Rosenberg Survey identifies trends from the national 23rd Annual Practice Management Survey and provides profitability and growth data of…
Did the Tax Cuts and Jobs Act Really Lower Corporate Taxes?
Preliminary Evidence from the S&P 500 and Apple Inc.
In Brief The Tax Cuts and Jobs Act (TCJA) of 2017 modified several aspects of corporate income tax rules, including a key change to the…
Tax Software in the Ongoing Pandemic Environment
20th Anniversary/2021 Annual Survey of New York State Practitioners
In Brief CPAs continued to deal with a global pandemic during the 2021 tax season, requiring many tax practitioners to work from home, often while…
ICYMI | Whistleblowing Intentions for Internal Auditors
Why Psychological Safety Is Critically Important
In Brief Financial fraud represents a serious threat to financial markets, and it has long been noted that whistleblowing can be an important deterrent to…
One CPA’s Experience in a Doctorate in Business Administration Program
The Journey from Practitioner to Professor
In this personal reminiscence, one accounting professor recounts her journey from public accounting into academia. Rather than taking the usual PhD, she took the sometimes…
Modifying the Collegiate Accounting Curriculum to Prepare for the CPA Evolution Project
Incorporating Advances in Technology into Accounting Programs
In Brief Technological innovation in the business environment has significantly impacted how CPAs work. In response to these technological advances, the American Institute of Certified…
Whistleblowing Intentions for Internal Auditors
Why Psychological Safety Is Critically Important
In Brief Financial fraud represents a serious threat to financial markets, and it has long been noted that whistleblowing can be an important deterrent to…
ICYMI | Reimagining Strategic Vision for Nonprofits
Evaluating Everything After COVID-19
In Brief The not-for-profit organizations that have weathered the storm of COVID-19 the best are those that have reimagined the organization's mission, strategic vision, and…
In Brief Although many investors in cryptocurrencies like Bitcoin have witnessed great gains in the past year, values have also fluctuated dramatically in short order.…
In Brief Governments often hold equity interests in legally separate entities that are utilized to deliver government services, sometimes through cooperative ventures, or for investment…
In Brief What does management do when a star employee violates company policy? If management lets a star employee get away with such violations, how…
Reimagining Strategic Vision for Nonprofits
Evaluating Everything After COVID-19
In Brief The not-for-profit organizations that have weathered the storm of COVID-19 the best are those that have reimagined the organization's mission, strategic vision, and…
ICYMI | Audit Oversight and Effectiveness
Understanding the Past and Looking toward the Future
In Brief It has been nearly two decades since the creation of the PCAOB in response to a series of major financial reporting failures. But…
Ensuring Integrity: Litigation and Enforcement Update
Highlights from the 15th Annual Baruch College Auditing Conference
The final session of the conference featured a discussion of litigation and enforcement issues relevant to auditors. The panelists included Ben Campbell, General Counsel, Deloitte;…
ICYMI | Tax Software in the COVID-19 Environment
2020 Annual Survey of New York State Practitioners
In Brief The 2020 tax season was unlike any other, with a global pandemic requiring virtually all tax preparers to work from home, often while…
Ensuring Integrity: COVID-19 and Client Risk Profile
Highlights from the 15th Annual Baruch College Auditing Conference
The second session of the second day of the conference focused on the impact of COVID-19 on companies' evaluation of risk. The panelists were: Jim…
Ensuring Integrity: Auditors’ Biases
Highlights from the 15th Annual Baruch College Auditing Conference
The first session of the second day of the conference, titled “Auditors' Biases,” covered all manner of conscious and unconscious bias as well as how…
Ensuring Integrity: Critical Audit Matters
Highlights from the 15th Annual Baruch College Auditing Conference
The second session, “Critical Audit Matters” (CAM), addressed this recently implemented requirement, which represents the most significant change to audit reports in decades. The participants…
Ensuring Integrity: Regulators and Standards Setters Update
Highlights from the 15th Annual Baruch College Auditing Conference
The first session, “Regulators and Standard Setters Updates and Panel Discussion” focused on current regulatory issues facing the auditing profession. The participants included Tracy Harding,…
The 15th Annual Audit Conference, hosted virtually by Baruch College on December 1 and 2, 2020, once again brought together auditors, regulators, standards setters, and…
ICYMI | Women Accountants at Haskins & Sells During the 1920s
The Pioneering Career of Jennie May Palen
In Brief In the early decades of the last century, women CPAs were not as common in the accounting profession as they have become today.…