The year 2012 was monumental for estate and retirement planning. Individuals flooded advisors' offices in the latter part of the year to make gifts to…
CPAs often engage in conversations with others about the United States' financial condition. These conversations can be part of a CPA's practice or they may…
It was 90 years ago that my father started his first job in public accounting. When he died in 1976, I took over his practice.…
My journey to becoming a CPA was not typical, as accounting was not my first career. I was born and raised in Lublin, a city…
FASB News PCC Approves Share Option Proposal, with Clarifications The Private Company Council (PCC) unanimously said the FASB should move forward with an August proposal…
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…
From name-brand corporations like JCPenney and Neiman Marcus to small and mid-sized companies, businesses of all sizes are responding to pandemic-related lockdowns by seeking refuge…
The Fight of a Lifetime
Telling It Like It Is on the National Debt
In Brief Joseph DioGuardi, the first practicing CPA elected to Congress, defined his career by advocating for financial accountability and fiscal responsibility from the U.S.…
Editor's Note: As we celebrate our 90th year of publication, longtime author and Editorial Board Member Sid Kess brings a rare perspective of The CPA Journal and the…
FASB News Trustees to Propose Draft of Strategic Plan Next Year Companies will be able to weigh in next year on a proposed draft of…
The Social Security Act of 1935 (SSA) was enacted by the 74th United States Congress and signed into law by President Franklin D. Roosevelt. Part…
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…
Routine corporate transactions, including mergers, acquisitions, and reorganizations, can carry significant sales and use tax consequences. If transactions, including intercompany transfers, are not properly evaluated…
During my sophomore year in high school, I made the conscious decision that I would never depend on anyone for anything, and I took ownership…
FASB News Trustees Approve 2021 Budget Trustees of the Financial Accounting Foundation (FAF), the parent body of the nation’s two main accounting rulemakers, approved its…
In Brief The history of modern auditing coincides conveniently with the history of The CPA Journal. The 1930s not only saw the NYSSCPA begin publication of what…
I write to you on the most auspicious occasion of The CPA Journal's 90th anniversary. For close to a century now, it has served as a valuable…
Maurice E. Peloubet
A Life of Impact on Accountancy and Society
In Brief Maurice E. Peloubet was a leader in the field of accountancy during the first half of the last century who contributed to the…
The Life and Career of Colonel Arthur H. Carter
A Leading Accountancy Professional of the 1930s
In Brief Colonel Arthur H. Carter was one of the recognized leaders of the accounting profession during the period of “CPA Movement” in the early…
FASB News Companies Worry Proposal on Franchise Fees Would Unravel Rules A September 2020 proposal from FASB would compromise revenue accounting rules, introducing industry-specific guidance…
ICYMI | The Intersection of Public Accounting and Human Rights
What Is the CPA’s Role?
Whenever speaking publicly on business and human rights, I usually preface my words with the caveat that I am not a lawyer, but a public…
ICYMI | Do Professional Standards Account for Pandemic Risks?
Sustainability Reporting and COVID-19
COSO's Enterprise Risk Management Framework. The GRI Standards. The SASB Standards. The Integrated Reporting Framework. The Sustainable Development Goals. These are the models and metrics…
In Brief The accounting academic and practitioner communities are closely intertwined, making the developments in one discipline of paramount importance to the other. As such,…
FASB News Investors Urge Movement on Government Assistance Project FASB should move ahead with its work to provide accounting disclosure rules around government assistance companies…
ICYMI | The Future of Accounting Education
In-Demand Skills, Workplace Readiness, the 150-Hour Requirement, MAcc Programs, and the CPA Exam
In Brief Changing educational requirements to sit for the CPA Exam are throwing the future of accounting education into doubt. In the years since the…
Accountants have once again been proving that America does indeed count on CPAs, as they have entered uncharted waters to assist both individuals and small…
FASB News Codification Updated to Streamline Disclosures, Various Rules FASB has issued an update to the U.S. GAAP codification to streamline the disclosure section and…
ICYMI | Addressing the Challenges of Diversity in the Profession
Determinant Factors for the Dearth of Minority CPAs
The dearth of minority CPAs has been a source of concern within the accounting profession for many decades (see Bert N. Mitchell, “The Black Minority…
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…
FASB News FASB Proposes Clarifications to Accounting for Certain Modifications of Forwards and Options FASB has issued a narrow proposal aimed at clarifying and reducing…