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…
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.…
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…
What made me want to become a CPA? Well, I have to acknowledge that the 18-year-old me was neither wise nor worldly. When I matriculated…
The Impact of COVID-19 on the Profession
An NYSSCPA Member Survey
In Brief Between May 2020 and July 2020, the NYSSCPA surveyed a random sample of NYSSCPA members and asked them about the impact of the…
The State of the Profession: The Impact of COVID-19
Opinions from the Experts
Flipping the Switch The landscape changed quickly for CPA firms after the coronavirus (COVID-19) pandemic hit. Managing partners had to deal with massive changes to…
The State of the Profession
Analyzing the Results of the 2020 Practice Management Survey
In Brief The sixth annual 2020 NYSSCPA–Rosenberg Survey identifies trends from the national 22nd Annual Practice Management Survey and provides profitability and growth data of…
A Century of Not-for-Profit Accounting
An Historical Perspective
In Brief Just as the business world has changed in the past 90 years, so has the world of not-for-profit (NFP) organizations. NFPs have grown…
In Brief Performing certain nonaudit services for audit clients can impair independence. Misrepresenting nonaudit services as immaterial and mischaracterizing them as audit services obscures the…
ICYMI | Managing the Going Concern Risk in an Uncertain Environment
An Analysis of Regulatory Guidance and Financial Relief for the COVID-19 Pandemic
In Brief The worldwide COVID-19 pandemic has affected businesses of every size in every country, and the United States has been hit particularly hard. Many…
In Brief The number and variety of specialty credentials available to accountants continue to grow. When planning their career paths, CPAs should consider the opportunities…
Accounting Education at a Crossroads
Does a Drop in Enrollment Foretell a Decline in the Marketplace?
In Brief The authors' university has seen a significant drop in accounting enrollment from 2015 to 2019. The results of a survey by the authors…
ICYMI | The COSO Internal Control Framework and Sustainability Reporting
The Benefits of Good Governance and Internal Controls
In Brief Even as corporate reporting of sustainability information continues to gain in popularity, the practice still is not standardized, either domestically or globally. While…
Factor Fiction under ASU 2016-15
A Deep Dive into Cash Flows from Trade Receivable Arrangements
The implementation of ASU 2016-15, Statement of Cash Flow Classification of Certain Cash Receipts and Cash Payments (Topic 230), has led to an increased focus on…
ICYMI | The Volkswagen Diesel Emissions Scandal and Accountability
Where Were the Auditors and Attorneys during the Sustainability Charade?
In Brief The effects of corporate scandals can reverberate for years. Volkswagen, whose conspiracy to hide the emissions of its diesel engine vehicles was first…
ICYMI | Financial Reporting and Auditing Implications of the COVID-19 Pandemic
Some Practical Guidance
In Brief The COVID-19 pandemic has disrupted life around the world, but business, in altered fashion, goes on. Companies will have to report on their…
Managing the Going Concern Risk in an Uncertain Environment
An Analysis of Regulatory Guidance and Financial Relief for the COVID-19 Pandemic
In Brief The worldwide COVID-19 pandemic has affected businesses of every size in every country, and the United States has been hit particularly hard. Many…
Financial Reporting and Auditing Implications of the COVID-19 Pandemic
Some Practical Guidance
In Brief The COVID-19 pandemic has disrupted life around the world, but business, in altered fashion, goes on. Companies will have to report on their…
Financial accountants and auditors who assist nonprofit organizations have been busy applying and educating nonprofit management about FASB Accounting Standards Update (ASU) 2016-14, Presentation of…
In Brief: Nonprofit organizations may not have to maximize profits in order to satisfy the expectations of shareholders, but they still must remain financially healthy…
The Coronavirus Aid, Relief, and Economic Security (CARES) Act (H.R. 748), signed into law on March 27, 2020, is a $2.2 trillion package enacted to…
The coronavirus (COVID-19) pandemic has not only upended the economy; it has also been the catalyst for several tax changes. The Families First Coronavirus Response…
The coronavirus (COVID-19) pandemic has caused companies across the world to temporarily close their doors in an effort to halt or slow down the spread…
“Those who cannot remember the past are condemned to repeat it.” —George Santayana Public criticism of the accounting profession is intense. Users of financial statements…
ICYMI | Disclosure of Noncompliance with Laws and Regulations
What Whistleblower Protections Exist for CPAs?
In Brief CPAs are charged with protecting the public from financial and corporate fraud; sometimes, that means blowing the whistle on clients or employers who…
In Brief The risk of fraud or noncompliance with rules and regulations is ever present in the current business and legal environment. Managing this risk…
Since 1973, GAAP (APB Opinion 28) has recognized the acceptability of presenting condensed interim information by public companies as provided for in Article 10 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…
In Brief The Tax Cuts and Jobs Act of 2017 (TCJA) is generally considered the most significant tax legislation since the Tax Reform Act of…
ICYMI | The Status of the ‘Marriage Penalty’
An Update from the Tax Cuts and Jobs Act
One of the objectives behind a progressive income tax structure is to achieve a redistribution of wealth by imposing higher taxes on those who earn…