FASB News Standards Setters Make Tough Decision on Credit Loss Rules FASB voted on October 16 to finalize an August proposal that delays its credit…
On any given day, the accounting positions on HigherEdJobs.com are usually in the highest tier of full-time faculty positions available for any business or nonbusiness…
Since the United States Supreme Court's decision in South Dakota v. Wayfair, 585 U.S. ___ (2018), on June 21, 2018, state governments have been rapidly rewriting…
In Brief Accounting educators have used ethical decision-making models to teach ethics to accounting students for many years. The traditional models rely on prescriptive reasoning…
Does the future look bright for accounting majors? In its 2017 report of accounting enrollment and hiring trends in the public accounting sector, the AICPA's…
As the role of CPAs continues to expand, adapting and revising accounting curricula to meet emerging complexities becomes increasingly difficult. One such emerging area is…
CPAJ News Briefs
FASB News
FASB News Joint FASB/GASB Webcast to Explain Nonprofit and Governmental Accounting Rules FASB and the GASB are holding a joint webcast on November 1 providing…
ICYMI | The Impact of Disruptive Technologies on Accounting and Auditing Education
How Should the Profession Adapt?
In Brief The rapid pace of technological change continues to disrupt traditional procedures in all spheres, including the accounting profession. The authors examine the potential…
Growing Tax Experiential Learning Opportunities for Students
Connecting Accounting Practice, Academia, and the Community
Three consistent themes emerge from the AICPA's 2015 Trends in the Supply of Accounting Graduates and the Demand for Public Accounting Recruits. First, the gap between…
On June 26, Connecticut Governor Ned Lamont signed the biennial state budget for the 2020 and 2021 fiscal years; on July 8, he also signed…
Angelica Valeros, University of New Orleans
Future Professionals, in Their Own Words
Why did you go into accounting? I discovered my love for the profession at a personal injury law firm in the accounting department a few…
Richard Pallarino, College of Staten Island
Future Professionals, in Their Own Words
Why did you go into accounting? For as long as I can remember, I have always wanted to be an accountant. When I was younger,…
Developing a Student Community of Learning
Expanding Knowledge Using the Technical Committee Model
It is no secret that the accounting profession is experiencing changes, among them a newfound need to understand and use data analytics. Recognizing this reality,…
CPAJ News Briefs
GASB, FASB, IASB News
GASB News GASB Proposes Reporting Changes to Ease Effects of Rate Reform State and local governments can comment on a GASB proposal that aims to…
CPA Exam Performance
The Effect of Graduate Education and Accounting Faculty Credentials
*** In Brief The debate over how well the accounting curriculum in the United States serves the needs of both students and practitioners continues unabated.…
The Death Knell for SALT Cap Workarounds?
Treasury’s Final Regulations Uphold the $10,000 Cap
The itemized deduction for state and local taxes (SALT) under Internal Revenue Code (IRC) section 164 had long provided relief to taxpayers residing in high…
Kurtland Lloyd Sullivan, Nicolais School of Business, Wagner College
Future Professionals, in Their Own Words
Why did you go into accounting? When I started at Wagner College, I knew that I wanted to attend law school. Law school does not…
Jeanette Lew, St. John’s University
Future Professionals, in Their Own Words
Why did you go into accounting? My original plan was to pursue a career in finance, before I realized that accounting was more what I…
CPA Licensing and Unintended Consequences
Publisher’s Column
Professional licensing has always been what makes a CPA a CPA. Those three simple letters stand for years of dedicated study, rigorous testing, extensive experience,…
CPAJ News Briefs
FASB News
FASB News FASB Rejects Request to Delay Credit Loss Rules, Votes to Finalize Changes On September 18, FASB unanimously voted against delaying the effective date…
Nicole Agu, College of Staten Island
Future Professionals, in Their Own Words
Why did you go into accounting? From a very young age, I admired the financial aspect of business, especially when my father would come home…
Carmen Nuesi Peralta, Baruch College
Future Professionals, in Their Own Words
Why did you go into accounting? Accounting for me is the definition of hard work and dedication. My accounting journey began in 2011 when I…
Fotis Christoforou, Baruch College
Future Professionals, in Their Own Words
Why did you go into accounting? I chose accounting due to the financial difficulties my family and I underwent growing up that could have been…
Future Professionals, in Their Own Words
A Virtual Roundtable of Accounting Students
In Brief Many CPAs have questions about the upcoming generation of accountants: What do they think about the profession? What do they want from an…
ISM Manufacturing Index The manufacturing sector is slowing, especially the export sectors. According to the ISM survey of purchasing managers, there is concern over the…
Tax & Accounting Update is provided by Thomson Reuters and based on material published on Checkpoint, its online news and research platform. The Update is…
About the Panelists Robert Uhl, partner at Deloitte & Touche LLP; Scott Taub, managing director at Financial Reporting Advisors LLC; Mark LaMonte, former managing director at Moody's Investors Service; Kirk Silva, vice…
We enjoyed reading Catherine R. Allen and David M. Nair's article in the March 2019 The CPA Journal, “Disclosure of Noncompliance with Laws and Regulations: What Whistleblower…
ICYMI | Questioning the Effectiveness of Independent Audit Committees
Does the Current Regulatory Regime Improve Reporting Quality?
In Brief At the root of over a decade of regulation and best practices is the premise that the structure and independence of a company’s…
CPAs need to be aware of current developments in key states in order to properly advise their clients that engage in business in multiple jurisdictions.…