About the Panelists The second day of the conference continued with a panel on major FASB standards, proposals, projects, and Emerging Issues Task Force (EITF)…
Digital Assets
Panel Discussion from the Baruch College Financial Reporting Conference
About the Panelists The second day of the conference kicked off with a panel on digital assets. Beth Paul, Deputy Chief Accountant, PricewaterhouseCoopers Accounting Services Group, moderated…
Current Developments at the SEC
Panel Discussion from the Baruch College Financial Reporting Conference
About the Panelists The final session of the first day of the conference was focused on current developments at the SEC. Lindsay McCord, chief accountant, SEC Division…
Opening Remarks from the SEC and FASB
Richard Jones and Paul Munter
About the Speakers Richard Jones is the Chair of the Financial Accounting Standards Board (FASB). He began his term as the eighth chair of FASB in…
Keynote–Fireside Chat
A Conversation with PCAOB Chair Erica Y. Williams
About the Speaker The conference concluded with a “fireside chat” with newly installed PCAOB chair Erica Y. Williams. Williams was sworn in as the chair of the…
Introduction—Financial Reporting Today
Highlights from the 20th Annual Baruch College Financial Reporting Conference
The 20th Annual Financial Reporting Conference was hosted virtually by Baruch College on May 4 and 5, 2022. The longstanding conference brought together—via videoconference—representatives from…
ICYMI | 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.…
ICYMI | 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…
ICYMI | 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…
ICYMI | 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 | 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…
The New Working World of the COVID-19 Pandemic
A Tumultuous Time for Auditors, Industries, and the PCAOB
In Brief The coronavirus (COVID-19) pandemic created a new working world for businesses, accounting firms, and government. Most offices, including CPA firms and the PCAOB,…
Using Data Visualization To Help Uncover Fraud
An Investigation of Data Revealed by the Wirecard Scandal
In Brief Wirecard, one of Germany's largest financial services companies, had long been suspected of employing questionable accounting methods before its auditor publicly announced in…
Examining the Ethics Education Requirements for CPA Candidates
State-by-State Variations and the Quest for Mobility
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…
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…