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.…
In Brief Of the many kinds of technologies that professionals have encountered in recent years, artificial intelligence (AI) presents perhaps the greatest challenge. CPAs that…
There has been growing pressure—from investors, from the Financial Stability Board (FSB), and from the International Organization of Securities Commissions (IOSCO)—for companies to disclose their…
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.…
In Brief Of the many kinds of technologies that professionals have encountered in recent years, artificial intelligence (AI) presents perhaps the greatest challenge. CPAs that…
The Next Chapter of AI Empowerment
What CPAs Need to Know About Generative AI
In Brief While still in the early stages of its development, generative artificial intelligence (GenAI) shows promise in empowering professionals by helping them recognize patterns…
There has been growing pressure—from investors, from the Financial Stability Board (FSB), and from the International Organization of Securities Commissions (IOSCO)—for companies to disclose their…
In Brief The Boeing case is a cautionary tale of what can go wrong when a company fails to develop and implement sound internal quality…
In Brief The Boeing case is a cautionary tale of what can go wrong when a company fails to develop and implement sound internal quality…
LIFO or FIFO During Inflationary Times?
The Trade-Offs of Valuation Methods
In Brief The recent surge in inflation has led managers to reassess the best inventory valuation methods—first-in-first-out (FIFO) or last-in-first-out (LIFO). In times of rising…
In Brief The Boeing case is a cautionary tale of what can go wrong when a company fails to develop and implement sound internal quality…
In Brief The use of Special Purpose Acquisition Companies (SPAC) as a means of bringing new entities to the public markets became increasingly popular in…
Ensuring Integrity Highlights from the 19th Annual Baruch College Audit Conference The 19th Annual Audit Conference, hosted by Baruch College, New York, N.Y., on December…
In Brief The use of Special Purpose Acquisition Companies (SPAC) as a means of bringing new entities to the public markets became increasingly popular in…
Auditing Cryptocurrency Companies
Risky Business in a Volatile Industry
In Brief Recent events in the cryptocurrency industry highlight the risks for investors and customers—as well as auditors. This article summarizes the international, U.S. GAAP,…
Technology’s Role in Expanding the Pipeline to the Profession
Would Pursuing the STEM Designation Help?
In Brief Many accounting leaders and observers have pointed out the need to expand the pipeline to the profession and suggested ways this could be…
Sustainability Reporting and the Greenwashing Challenge
Can the New International Sustainability Disclosure and Assurance Standards Eliminate Greenwashing?
In Brief While the use of sustainability reporting has grown in the United States in the absence of a legal mandate and as a result…
Technology’s Role in Expanding the Pipeline to the Profession
Would Pursuing the STEM Designation Help?
In Brief Many accounting leaders and observers have pointed out the need to expand the pipeline to the profession and suggested ways this could be…
Sustainability Reporting and the Greenwashing Challenge
Can the New International Sustainability Disclosure and Assurance Standards Eliminate Greenwashing?
In Brief While the use of sustainability reporting has grown in the United States in the absence of a legal mandate and as a result…
How Did the Lack of Crypto Industry-Specific Accounting Contribute to Financial Instability
Looking for the Hidden Risks
In Brief Excessive leverage, deficient collateral, volatile pricing, and a liquidity crunch contributed to the downfall of several crypto lenders, hedge funds, and exchanges in…
Mandatory Sustainability Metrics Reporting Has Arrived in America, via Europe
Getting Familiar with the EU’s Corporate Sustainability Reporting Directive
In Brief Sustainability reporting in the United States has traditionally been guided by a variety of voluntary standards and frameworks. But such reporting will soon…
In Brief Despite the headwinds generated by a growing anti-ESG movement, activists, stakeholders, NGOs, and other influencers are escalating their pressure on businesses and financiers…
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 | 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 | One CPA’s Experience in a Doctorate in Business Administration Program
The Journey from Practitioner to Professor
In this personal reminiscence, one accounting professor recounts her journey from public accounting into academia. Rather than taking the usual PhD, she took the sometimes…
ICYMI | The Fraud Diamond
A 20-Year Retrospective
In Brief It has been nearly 20 years since, in the pages of the Journal, the authors introduced the Fraud Diamond—a novel extension of the long-established Fraud…
In Brief Social Security remains a critical component of most Americans' financial and retirement plans. Despite its longevity and familiarity, many individuals are unaware of…