IN BRIEF Recent climate disclosure mandates in Europe and California may have a significant impact on sustainability reporting beyond those jurisdictions. With some changes being…
Implications of the Boeing Crashes for CPAs
Looking for the Lessons Learned
IN BRIEF This article explores the ethical implications of the Boeing 737 MAX crashes through the lens of the AICPA Code of Professional Conduct. It…
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…
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…
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…
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…
Joint Venture Accounting
Valuation and Measurement Issues After Formation
IN BRIEF ASU 2023-05 addresses the accounting by a joint venture for the initial contribution of nonmonetary and monetary assets to the undertaking. This article…
Questions About the Classification of Joint Ventures for Accounting Purposes
An Analysis of the Existing Guidance
IN BRIEF FASB's recent guidance on accounting joint ventures, ASU 2023-5, is intended to resolve diversity in practice and simplify the accounting for these entities.…
IN BRIEF Joint ventures have been a popular vehicle for businesses to work together to share competencies and knowledge to reach a mutually beneficial outcome.…
Redefining Audit Committee Effectiveness
A Modern Playbook for Committee Chairs and Directors
IN BRIEF Within the ever-expanding scope of corporate governance, the role of the audit committee has become more important than ever. Much more is expected…
Joint Venture Accounting
Valuation and Measurement Issues After Formation
IN BRIEF ASU 2023-05 addresses the accounting by a joint venture for the initial contribution of nonmonetary and monetary assets to the undertaking. This article…
Questions About the Classification of Joint Ventures for Accounting Purposes
An Analysis of the Existing Guidance
IN BRIEF FASB's recent guidance on accounting joint ventures, ASU 2023-5, is intended to resolve diversity in practice and simplify the accounting for these entities.…
IN BRIEF Joint ventures have been a popular vehicle for businesses to work together to share competencies and knowledge to reach a mutually beneficial outcome.…
Redefining Audit Committee Effectiveness
A Modern Playbook for Committee Chairs and Directors
IN BRIEF Within the ever-expanding scope of corporate governance, the role of the audit committee has become more important than ever. Much more is expected…
IN BRIEF The shortage of individuals entering the CPA pipeline has reached a crisis stage. While professional institutions like the AICPA have been working on…
Reconciling Ambition with Reality
Addressing the Profession’s Diversity and Talent Pipeline Crisis
IN BRIEF For several years now, declining enrollments in universities and high turnover at firms have posed a serious threat to the accounting profession's viability.…
Remembering a Forgotten Leader and New York’s First African American CPA
The Legacy of General Wilmer F. Lucas
IN BRIEF When Brigadier General Wilmer F. Lucas retired from the United States Army Reserve, he did so as a war hero who had led…
IN BRIEF The shortage of individuals entering the CPA pipeline has reached a crisis stage. While professional institutions like the AICPA have been working on…
Reconciling Ambition with Reality
Addressing the Profession’s Diversity and Talent Pipeline Crisis
IN BRIEF For several years now, declining enrollments in universities and high turnover at firms have posed a serious threat to the accounting profession's viability.…
Remembering a Forgotten Leader and New York’s First African American CPA
The Legacy of General Wilmer F. Lucas
IN BRIEF When Brigadier General Wilmer F. Lucas retired from the United States Army Reserve, he did so as a war hero who had led…
IN BRIEF In the course of fulfilling its mandate to protect investors, the PCAOB has conducted inspections of public firm audits and collected this data…
A First Look at ‘No Tax on Tips’
Implications of the New Tax Law
IN BRIEF During the debate over the newly enacted federal tax law, legislators promised to eliminate taxes on tipped income. The bill's final provisions included…
IN BRIEF In the course of fulfilling its mandate to protect investors, the PCAOB has conducted inspections of public firm audits and collected this data…
Revisiting ‘Where is Public Company Auditing Headed?’
Post-Pandemic Perspectives
IN BRIEF Public company auditing is a complex and challenging area of accounting practice. The following revisits the authors' 2020 article that asked, “Where is…
A First Look at ‘No Tax on Tips’
Implications of the New Tax Law
IN BRIEF During the debate over the newly enacted federal tax law, legislators promised to eliminate taxes on tipped income. The bill's final provisions included…
If not remedied, the current shortage of academically qualified accounting faculty stands to affect student learning and the fulfillment of universities' missions. This article examines…
The State of US Taxation and its Fiscal Trajectory
Planning Opportunities Under the New Tax Law
In Brief The recently enacted H.R. 1, the so-called One Big Beautiful Bill Act (OBBBA), extends many of the provisions of the Tax Cuts and…
If not remedied, the current shortage of academically qualified accounting faculty stands to affect student learning and the fulfillment of universities' missions. This article examines…
The State of US Taxation and its Fiscal Trajectory
Planning Opportunities Under the New Tax Law
In Brief The recently enacted H.R. 1, the so-called One Big Beautiful Bill Act (OBBBA), extends many of the provisions of the Tax Cuts and…
How Artificial Intelligence May Impact the Accounting Profession
Testing ChatGPT in Common Scenarios
In Brief The rising popularity of artificial intelligence (AI) has made many CPAs feel unsure about the ways in which their profession may be affected.…