More than 25 states allow the sale of marijuana for medicinal use; eight states permit the sale for recreational use. This activity has created new…
Defining Wealth (Inconsistently) in the Tax Code
Framing the Tax Reform Debate
The current debate on tax reform features familiar framing from policymakers on all sides, the familiar sound bites of “the rich should pay their fair…
In Brief Recent years have seen governments experiment with different ways of encouraging entrepreneurs to launch new businesses, especially in new or growing industries. The…
In 1927, the Commissioner of Internal Revenue established a Special Advisory Committee that was intended to serve as a forum to facilitate settlement of cases…
How to Avoid Running Afoul of the SEC
Part 1: The CFO as Control Person
In Brief SEC enforcement initiatives can take the form of targeting specific executives at issuers for violations of the securities laws. In this first of…
New York CPA Mentors
There is More to Education than 150 Credits
Many CPAs look back fondly at those who provided mentoring on their path to a CPA career. Whether a college professor, relative, friend, or co-worker,…
How Online Learning Compares to the Traditional Classroom
Measuring Accounting Course Outcomes
In Brief As the popularity of online instruction spreads, many have questioned whether the method produces similar outcomes to the traditional classroom. The authors surveyed…
Using Accounting Advisory Boards
A Way to Promote Collaboration Between Faculty and Practitioners
In Brief Many accountants believe there is a gap between the classroom and real-world practice. One approach accounting departments have tried to close the gap…
In Brief How much practical experience an accounting professor needs to be an effective educator has been a longstanding question within the accounting academy. Research…
From Practitioner to Professor
What I Learned in my First Years of Being a Professor
Universities are facing a significant shortage of qualified accounting faculty, and many existing faculty are close to retirement age. Working as a professor is not…
In Brief As the demands placed on professionals in all fields continue to change rapidly, particular attention has been paid to accounting education programs. There…
In 1990, William Weiss wrote “What's Going On in Business Schools?” (Management Accounting, May 1990), a critical look at a business and accounting academic environment that did…
Baruch Lev recently reported in his article, “Surprise: Investors Like Non-GAAP Earnings” (Seeking Alpha, Apr. 6, 2017, http://bit.ly/2uDDqo9) that his analysis of a sample of S&P 500…
Casualty Loss Deductions and Other Hurricane-Related Tax Benefits
Updated for Hurricanes Harvey and Irma
Editor's Note: This article was originally published in February 2013 as "Casualty Losses for Property Damaged by Hurricane Sandy" and has been updated to address…
Financial Reporting Issues for Preparers
Highlights from the 16th Annual Baruch College Financial Reporting Conference
The panel began with Thuener discussing the complexity of reporting standards from a preparer's point of view. Thuener attributed this complexity, in part, to the…
The panel began with Cosper outlining recent changes at FASB and its priorities for 2017. She said that the standard on hedge accounting was due…
The panel began with a discussion of the new standard for revenue recognition and the process for implementing it. Siegel highlighted some of the more…
Maloney began the panel by discussing recent enforcement cases, focusing on areas where there are, as he put it, “repeat problems.” These included revenue recognition,…
Before I talk about the state of audit quality, I want to provide a quick snapshot of the PCAOB. The Sarbanes-Oxley Act [of 2002] was,…
The Changing Landscape of Financial Reporting
Taking Stock and Looking Forward
Wesley Bricker I think it is fitting to talk about the importance of our shared work in the public interest here at Baruch College, in…
Making the Case for Corporate Community Engagement
Legal, Accounting, and Business Strategy Considerations
Manion opened the panel by discussing employee engagement with respect to sustainability, saying, “we really think about employee engagement as a key driver of the…
Kraten opened the panel by showing a video produced by Deloitte highlighting its commitment to diversity in the workplace. Kraten then asked Barton about Deloitte's…
The panel began with DeHihns invoking imagery of the Great Depression and the Dust Bowl to remind the audience that sustainability issues are not as…
Panel Discussion on Integrated Reporting
A Practical Perspective from Preparers and Practitioners
Sullivan opened the panel by speaking about the importance of a more holistic view of corporate performance. While noting that neither traditional financial reporting nor…
Many of the things I'll talk about today are contained my book, The Chief Value Officer, which is based on the principle that a CFO today…
The word “sustainability” can have a lot of definitions. We can think about sustainability from an environmental perspective, but we can also think about sustainability…
Sustainability Assurance: Creating Value through Integrated Thinking
The Second Annual NYSSCPA—Hedge Fund Roundtable Sustainability Investment Leadership Conference
Held in New York City on May 17, the Second Annual NYSSCPA—Hedge Fund Roundtable Sustainability Investment Leadership Conference dug deeper and expanded further than last…
The Coming Disruption of Drones, Robots, and Bots
How Will It Affect CPAs and Accounting Practice?
Drones, mechanical robots, and robotic software processes are augmenting, assisting, and, in some cases, replacing human workers in almost every industry. The common assumption that…
Poland began its transition to capitalism upon the collapse of the Soviet Union in 1991. At the time, the Polish Securities and Exchange Commission (PSEC),…
In Brief Use of the term “big data” has become as pervasive as the phenomenon itself. The authors attempt to define the term as it…