In Brief The SEC recently required registrants to disclose information on human capital resources that is material to understanding a company's business. Although this represents…
Faced with shrinking budgets and resources, for more than a decade the IRS has been forced to do more with less. It has responded by…
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…
Using Sustainability Initiatives to Engage Young Professionals
Prioritizing Purpose for Generation Z and Millennials
Generation Z, like the millennial generation before it, is pessimistic about careers, life in general, and the world around it. However, it shares a deep…
FASB News Independent Joint Ventures Getting Specific Disclosure Rules FASB continued to hammer out a proposal for joint venture formations, voting on the disclosures that…
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…
Accounting Ethics Education
A 43-Year Retrospective
In Brief The accounting profession has long prided itself on its commitment to ethics. For academia, this makes the question of how to teach individuals…
The PCAOB requires that registered audit firms adhere to an audit quality control (QC) requirement: A firm of independent auditors has a responsibility to adopt…
FASB News Same Expense Disclosures to Be Required for Single and Multiple Segment Companies FASB continues to build a proposal for segment disclosures, as the…
ICYMI | Twenty Questions on the Challenges of Maintaining the Quality of Accounting Education During the COVID-19 Pandemic
Assessing the Impact on Students, Universities, and Employers
Over the past year and a half, the coronavirus (COVID-19) pandemic has affected all sectors of the global economy and society. The impact has perhaps…
The fallout from the coronavirus (COVID-19) pandemic continues to have a significant impact on the way employers conduct business, with many employees working on a…
Not very long ago, the word robot conjured a vision of a human-like mechanical being moving around and completing tasks. Then robots moved into the…
FASB News Advisers Call for More Specificity in Investor Outreach FASB’s main advisers said the board should be more specific in its investor outreach, citing…
Voices of the Profession: Reflecting on the State of the Profession
Panel Discussion Marking the Journal’s 90th Anniversary
Editor's Note: On the occasion of the CPA Journal's 90th anniversary, Editorial Review Board Member and NYSSCPA Director-at-Large Orumé Hays convened a panel of distinguished CPAs from around the…
FASB News Federal Reserve Pushes for FASB Rules on Digital Assets The Board of Governors of the Federal Reserve System added its voice to that…
ICYMI | The Secure Act Ushers in Sweeping Retirement Plan Changes
Greater Incentives and Flexibility for Employers and Employees
The Setting Every Community Up for Retirement Enhancement (Secure) Act was signed into law on December 20, 2019, with little fanfare. However, the Secure Act…
ICYMI | Remote Work Arrangements
Payroll and Income Tax Issues for Employers and Employees
There has always been a small remote workforce, but for the past year the coronavirus (COVID-19) pandemic and the government-ordered shutdowns that followed made remote…
FASB News Second FASB Forum for CPE Providers Announced FASB will host its second online training forum next month for professionals and companies who offer…
ICYMI | The Exodus from New York due to COVID-19
Income Tax Residency Considerations
The coronavirus (COVID-19) pandemic has significantly impacted nearly everything, including businesses, individuals, and CPAs grappling with its effects upon state and local taxation. (Please see…
ICYMI | Social Media Policies Matter
Is Internal Audit Up to the Challenge?
Today, most people use social media to stay connected to each other, especially since the move to remote work caused by the coronavirus (COVID-19) pandemic.…
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…
FASB News FASB Discussions with Nonprofits Include Revenue, Contributions FASB met on September 14 with its Not-for-Profit Advisory Committee (NAC) to focus on issues that…
FASB News Feedback on Agenda Consultation Document Expected Late this Year FASB will discuss public feedback received from its agenda consultation document later this year…
ICYMI | Pandemic Perceptions
Accounting Firms’ Organizational Support during COVID-19
The onset of the coronavirus (COVID-19) pandemic forced many CPA firms to mandate work-from-home arrangements for their employees. How has this sudden shift in the…
In Brief Public health measures taken to mitigate the spread of the coronavirus (COVID-19) pandemic have upended business operations and processes. Auditing is no exception;…
FASB News Efforts to Modernize Technology Systems to be Completed Next Year The Financial Accounting Foundation’s (FAF) project to replace the obsolete technology used to…
The idea of “peer-to-peer electronic cash” was introduced in a white paper by the mysterious “Satoshi Nakamoto” in 2008. (Readers who are curious may enjoy…
Professor Ed Ketz of Penn State rightly calls out the large accounting firms, in “The Myth of Independence” (March 2020). He joins a wave of…
FASB News Subtle Rebuke over Investor Outreach Efforts FASB published a detailed report of its outreach with investors, which showcased how it regularly engages with…
Machine learning is an increasingly familiar technology term that encompasses a broad range of applications. Machine learning can enable businesses to sift through large amounts…