While NASBA and the AICPA have long supported the 150-hour pathway to CPA licensure, opinions differ as to whether the 30 credits beyond the bachelor's…
ICYMI | The Accounting Profession Is in Crisis
A Partial Solution to the Shortage of Accountants
The accounting profession is facing a severe crisis due to a shortage of accountants. Significantly fewer students have selected accounting as a major. As a…
ICYMI | Independence Matters
Avoiding Pitfalls for the Unwary
In Brief Auditor Independence is integral to the financial reporting system and trust in the capital markets. But recent cases against large audit firms underscore…
In Brief Chief financial officers of not-for-profit organizations have always faced many challenges, some common to all corporate leaders, some unique to the sector. Today's…
ICYMI | The Updated NIST Cybersecurity Framework
Tools and Governance
Identify, protect, detect, respond, and recover: these words will be familiar to everyone who has attended a cyber-security-related update presentation at their organization, discussed cybersecurity…
ICYMI | Private Equity is Here
How Firm Marketing Can Attract It … or Defend Against It
Like it or not, private equity is quickly changing the landscape of the public accounting profession. Some observers estimate that in five years, 20% of…
ICYMI | Rethinking the 150-Hour Requirement for CPA Licensure
Can Alternative Paths Surmount the Barriers to Entry?
In Brief The accounting profession continues to suffer from the barrier to entry caused by the 150-hour CPA licensure requirement and is struggling to find…
ICYMI | 20 Questions about Establishing a Health & Wellness Program in the Workplace
Opportunities for Tax and Cost Savings
For employers struggling with the rising cost of health insurance and ancillary benefits, a self-funded healthcare platform may be the answer to increasing employee benefits,…
ICYMI | The Accounting Profession Is in Crisis
A Partial Solution to the Shortage of Accountants
The accounting profession is facing a severe crisis due to a shortage of accountants. Significantly fewer students have selected accounting as a major. As a…
Editor's Note: The following article by David T. Wolfe and Dana R. Hermanson was originally published in the December 2004 CPA Journal and appeared online…
The Future of Business Data Analytics and Accounting Automation
How New Professionals Can Level Up their Skills and Knowledge
The current technological transformation in accounting and taxation shows that “companies have a large appetite for increasing complex analytics, even when they cannot adequately perform…
Most taxpayers have likely received a solicitation recently claiming that they may be entitled to thousands of dollars in employee retention tax credits. The solicitations…
ICYMI | An Inconvenient Truth about Remote Work
Connecticut’s Income-Sourcing Statute Needs Fixing
The “convenience of the employer” rule for sourcing income to a particular state is anything but convenient for tri-state taxpayers. Most states that levy an…
ICYMI | Get Ready for the Future of Auditing
Technology, ESG, and Next-Generation Skills
The increasing use of technology is changing how businesses operate, which methodology and technology auditors use, and what career paths they follow. But the future…
For many years, Congress has passed income tax laws designed to mitigate the so-called “marriage penalty.” The marriage penalty occurs when a married couple with…
CPAs need to be aware of current tax developments in key states to properly advise their clients that are doing business in multiple jurisdictions. This…
ICYMI | First Look at the Secure Act 2.0 of 2022
Practical and Legal Considerations
On December 23, 2022, Congress passed the Securing a Strong Retirement Act of 2022 (Secure 2.0) as part of the Consolidated Appropriations Act of 2023,…
Many equity investments do not require the complete acquisition of investees and their consolidations. Depending on circumstances, companies may account for an equity investment as…
Rethinking the 150-Hour Requirement for CPA Licensure
Can Alternative Paths Surmount the Barriers to Entry?
In Brief The accounting profession continues to suffer from the barrier to entry caused by the 150-hour CPA licensure requirement and is struggling to find…
ICYMI | Asset Acquisition Accounting
Understanding the Available Guidance
A business combination is a transaction or event by which an acquirer obtains control of a business (i.e., the acquiree). If the acquisition of an…
Asset Acquisition Accounting
Understanding the Available Guidance
A business combination is a transaction or event by which an acquirer obtains control of a business (i.e., the acquiree). If the acquisition of an…
The liquidation of a partner's entire partnership interest can take various forms, including payment made by the partnership to the retiring partner in complete redemption…
20 Questions about Establishing a Health & Wellness Program in the Workplace
Opportunities for Tax and Cost Savings
For employers struggling with the rising cost of health insurance and ancillary benefits, a self-funded healthcare platform may be the answer to increasing employee benefits,…
Preparing Tax Returns for Inmates
Considering Practitioners’ Perspectives
As Benjamin Franklin noted, the truths of life include death and taxes. No one is exempt, not even prisoners. The United States is known for…
A fter a nearly 10-year collaboration to develop a converged standard on leasing, on Jan. 13, 2016, the IASB issued IFRS 16, Leases, and on Feb. 25,…
Our Greatest Hits | Applications of control charts
From The CPA Journal Archives
"Our Greatest Hits" is an effort to show our readers the most popular - and still avidly read - articles from our archives. This article…
The U.S. economy has been improving steadily for the past seven years, and interest rates have remained at historical lows. Nevertheless, there will be an…
Our Greatest Hits | Deferred tax accounting for tax carryforwards
From The CPA Journal Archives
"Our Greatest Hits" is an effort to show our readers the most popular - and still avidly read - articles from our archives. This article…
Our Greatest Hits | The Personal Holding Company Trap: Federal Taxation
From The CPA Journal Archives
"Our Greatest Hits" is an effort to show our readers the most popular - and still avidly read - articles from our archives. This article…
Our Greatest Hits| The five assertions: Categories of assertions about which auditors must collect adequate evidence to support financial statement items
From The CPA Journal Archives
"Our Greatest Hits" is an effort to show our readers the most popular - and still avidly read - articles from our archives. This article…