IN BRIEF Nonprofits face many unique challenges, and auditors are a crucial component in ensuring they not only meet regulatory obligations but also strive for…
Fraud Risk Management Practices
A CPA Perspective on Organizational Priorities
IN BRIEF Fraud risk management has become increasingly important in the current business environment. How CPAs can best apply their expertise to this task remains…
IN BRIEF Fraud remains a serious risk for any entity, and not-for-profit organizations unfortunately make an easy target. This article explores the ways in which…
IN BRIEF Minimizing and mitigating fraud risks has evolved over the years, and this progress can be seen in the pages of The CPA Journal itself. The…
In today’s business landscape, the lines between marketing, recruiting, and employee experience (EX) are increasingly blurred. These three areas, which were often siloed in the…
Governmental Accounting Standards Board (GASB) Statement 103, Financial Reporting Model Improvements, specifically addresses management discussion and analysis, unusual and infrequent items, and the proprietary fund statements,…
As more individual taxpayers have contributed cyber assets to 501(c)(3) not-for-profit organizations, the tax treatment of these contributions has come to the forefront. When individuals…
I did not set out to build a career in international development. Like many CPAs, I began with a simple and familiar ambition: to join…
Accounting’s Influence on Governance Structures
Global Historical Lessons for the Profession
Note from Column Editor Anton Lewis: This column introduces a historical perspective on accounting’s potential to facilitate coercion and enhance subjugation—or, instead, to advance social justice.…
Risk managers are continuously reminded by regulatory bodies and framework developers of the importance of maintaining an accurate, complete, and relevant IT asset inventory. The…
How Independent Operational Reviews Can Strengthen Financial Infrastructure
A Guide for Not-for-Profit Organizations
Not-for-profit organizations rely on a strong financial infrastructure in order to support their ongoing operations, ensure sustainability and growth, and drive their mission forward. Finance…
For decades, CPA firms have been built on a simple formula: hire enough junior staff, work them hard during busy season, and eventually a few…
Human Capital Accounting as a Strategic Imperative
Models and Organizational Impact
Note from Column Editor Tracey J. Niemotko: This month’s column was written by Aaliyah Layne, one of my students at Marist University, relating her research into…
We appreciate the thoughts, issues, or questions raised by the readers of the Corporate Governance Corner. The subject of this column is a response to…
Puerto Rico Act 60 Investigations
How the DOJ and IRS Get Evidence from Investors’ Own Lawyers
The US Department of Justice (DOJ) and IRS are currently conducting a criminal investigation into potential abuses of Puerto Rico’s Act 60 tax incentive program,…
Nonprofit Budgeting in Uncertain Times
Planning Techniques That Build Resilience
IN BRIEF Budgeting is important to any organization, but particularly for nonprofits. Given the unique challenges that nonprofits face in the current environment of macroeconomic…
The One Big Beautiful Bill Act (P.L. 119-21) was signed into law on July 4, 2025, and § 70204 of OBBBA added new IRC §§…
Knowing the Risks When Following the AICPA’s Code of Professional Conduct
A Personal Journey
IN BRIEF CPAs who exercise ethical judgment under the AICPA Code of Professional Conduct may be caught between fulfilling their professional obligations and the uncertain…
Driving Excellence in Nonprofit Audit Quality
Challenges, Solutions, and Impact
IN BRIEF Nonprofits face many unique challenges, and auditors are a crucial component in ensuring they not only meet regulatory obligations but also strive for…
SALT Round-Up—Current Developments in Key Jurisdictions
Looking at Illinois, Texas
CPAs need to be aware of current developments in key states to properly advise companies doing business in multiple jurisdictions. As state and local tax…
Fraud Risk Management Practices
A CPA Perspective on Organizational Priorities
IN BRIEF Fraud risk management has become increasingly important in the current business environment. How CPAs can best apply their expertise to this task remains…
Through the Lens of Litigation
What the KPMG-SVB Case Might Reveal About the Limits of Audit Assurance
This article uses the KPMG–SVB litigation as a case study to explore how audit firms evaluate going concern risks. While the case is specific, the…
There are moments in a profession when technical expertise alone is not enough. This is one of those moments. Across the not-for-profit sector, organizations are…
IN BRIEF Fraud remains a serious risk for any entity, and not-for-profit organizations unfortunately make an easy target. This article explores the ways in which…
Over the course of the past year, many nonprofits have been operating in a state of uncertainty, concerned that their tax-exempt status may be challenged…
IN BRIEF Minimizing and mitigating fraud risks has evolved over the years, and this progress can be seen in the pages of The CPA Journal itself. The…
The Power of Organizing in Accounting for Social Justice and Equity
The European Perspective on Diversity
This column explores a much-needed book that examines DEI in accounting from the European perspective. All too often, DEI in accounting is presented in subtext…
The new year comes with a new list of cybersecurity and technology risk resolutions. Financial and risk management professionals annually rededicate their organizations and themselves…
This article provides a discussion of defined benefit (DB) pension plans, those retirement vehicles in which employers provide a benefit to former employees upon retirement.…
CPAs often talk about being proactive advisors, yet many firms still prepare returns with only the information clients hand over. In reality, much of a…