Pictured, left to right: Charles Wright, Norman Strauss, Wesley Bricker, and Kyle Moffatt Photos by E. Lee White Bricker began the panel by showing the…
As implementation of FASB's new current expected credit loss (CECL) model begins across institutions of all sizes, one of the questions executive management should be…
In Brief The new lease accounting standard, released by FASB in early 2016, represents one of the largest and most impactful reporting changes to accounting…
The consolidation and reporting of related entities can be a complicated accounting topic, particularly for private companies that use separate legal entities to manage a…
Financial Reporting: Entering Uncharted Waters
Highlights from the 17th Annual Baruch College Financial Reporting Conference
The 17th Annual Financial Reporting Conference, hosted by Baruch College this past May 3, once again brought together regulators, standards setters, preparers, auditors, and users…
Pictured, left to right: Wesley Bricker and Russell Golden Photos by E. Lee White ABOUT THE SPEAKERS Wesley Bricker serves as the chief accountant for the…
Every one of us plays a role in promoting integrity in our capital markets. That's because, for all of its flaws, modern market capitalism remains…
Where would I start in talking about sustainability and corporate reporting? First, corporations all over the world identify and understand the key factors behind their…
In March 2018, the Sustainability Accounting Standards Board (SASB) established a relationship with Fordham University's Gabelli School of Business to advance the emerging field of…
"Progress is impossible without change, and those who cannot change their minds cannot change anything." — George Bernard Shaw Is the CPA profession declining in…
First Look at the Tax Cuts and Jobs Act of 2017
Seven Questions about the Business Interest Expense Deduction
This article answers several questions taxpayers and their advisors will have about the new rules under the Tax Cuts and Jobs Act of 2017 (TCJA)…
Narrowing the Casualty Loss Deduction
TCJA Provisions Limit Scope of Tax Relief
Internal Revenue Code (IRC) section 165(c)(3) defines a casualty event to be a “fire, storm shipwreck, or other casualty.” As usually happens with ambiguous language…
Getting Older Without Family
Addressing Personal, Legal, and Financial Concerns
The American Association of Retired Persons (AARP) projects that by 2030, approximately 16% of women will be between 80 and 84 years old and childless…
The Current State of Sustainability Reporting
A Work in Progress
In Brief Sustainability investing continues to grow in popularity, but the lack of standardization in sustainability reporting poses a challenge for investors wishing to maximize…
The Profession’s Role in Sustainability Advocacy
Challenging CFOs to Join the Movement
For the past 15 years of my 40-year career in the hospitality sector, I have been advocating for hotel companies, and the tourism industry at…
Mandatory Nonfinancial Reporting in the EU
Implications for U.S. CPAs
As a result of new regulation in the European Union (EU), in 2018 many companies will issue their first annual reports containing mandatory nonfinancial disclosures.…
In Brief Sustainability investing continues to grow in popularity, but the lack of standardization in sustainability reporting poses a challenge for investors wishing to maximize…
Sustainability Assurance Services
From a Niche to the Mainstream
The practice of sustainability reporting—the regular reporting of environmental, social, and governance (ESG) data—is quickly becoming the norm rather than the exception for global companies.…
ICYMI | Transforming Integrated Reporting into Integrated Information Management
A Proposal For Management Accountants
According to the International Integrated Reporting Council (IIRC), “Sustainability reporting is central to integrated reporting. Robust sustainability metrics are included in integrated reports, based on…
Conflict Minerals Disclosure Requirements and Corporate Social Responsibility
Trends, Challenges, and Opportunities
In Brief Among the many topics of concern for companies and investors interested in social responsibility is the use of minerals sourced from war zones…
Passport Revocation and Denial for Seriously Delinquent Tax Debts
New IRS Procedures Signal More Stringent Enforcement
In January 2018, the IRS published procedures to begin enforcement of Internal Revenue Code (IRC) section 7345, which requires the State Department to deny the…
The Future of Accounting Is Now
Financial Performance Is Linked to Sustainable Growth
A growing body of research indicates that the language people speak could shape the way they think. Might the same be true when it comes…
The notion of sustainability is not an accounting concept, or even a business concept. Indeed, common English usage defines a sustainable entity merely as one…
U.S. Unemployment Rate Unemployment trends remain strong, as indicated above. The most recent unemployment rate was 3.9%, with 164,000 new jobs recorded in the most…
New York State recently adopted a “first-in-the-nation” set of cybersecurity compliance requirements that impact any businesses or organizations that report to the Department of Financial…
This July, my wife and I are packing our bags and living for a month in Copenhagen, Denmark. This will not be a vacation, although…
The Internet is an essential tool for CPAs and business professionals. Accountants use the Internet for communicating within and without an organization; retrieving, processing and…
Embracing Compliance for the Sake of Cybersecurity
Looking Beyond Legal Requirements to Find Best Practices
Although compliance laws exist to protect both employers and employees, they draw possibly the most complaints of any corporate requirement. Compliance is not optional, however,…
The IRS's streamlined filing procedures for offshore assets were announced in 2012 for non-U.S. residents and extended to U.S. residents in 2014. The streamlined procedures…
In Brief Technology continues to change society at a rapid pace, and accounting and auditing are by no means immune. New technologies are increasingly able…