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…
Organizations differ by many factors, including legal and operating structure, size, industry, and geographic markets. In any organization, the board of directors bears the ultimate…
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…
What Is Audit Quality?
Reflecting on PCAOB Member George Botic’s Four Pillars
What is audit quality? This is not meant as a philosophical question, but rather as one that can be answered through definitions and evidence drawn…
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.…
A trust fund tax is a tax that is collected and accounted for by a third party, usually a business, which is then responsible for…
A Conversation with SEC Chief Accountant Kurt Hohl
Highlights from the 20th Annual Baruch College Audit Conference
The 20th Annual Audit Conference, hosted by Baruch College, New York, N.Y., on Nov. 20, 2025, once again featured the theme of “Ensuring Integrity.” Regulators,…
Addressing Capital Gains
Investment Trends
In 2026, many investors may find themselves looking for solutions to address their capital gains. This could be the result of Qualified Opportunity Funds that…
A First Look at the Disaggregation of Income Statement Expenses
An Illustration of Typical Disclosures
On Nov. 4, 2024, FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40). Public business entities must implement this standard for annual reporting…
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…
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…
Real gross domestic product (GDP) increased at an annual rate of 4.4% in the third quarter of 2025 (July–September), according to the updated estimate released…
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…
Three Students, Similar Paths
How Sustainability Is Reshaping Career Expectations in the Accounting Profession
Sustainability accounting and reporting (SAR) is reshaping how students view the accounting profession, broadening the accountant's role to guide an organization's sustainability initiatives and communicate…
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…
Antiquated IRS IT Systems May Affect Taxpayers and Preparers
How Will Filing Season Be Impacted?
The IRS is currently undertaking one of the most significant technology modernization efforts in its history. Still, much of its legacy IT infrastructure remains outdated,…
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.…
Organizations differ by many factors, including legal and operating structure, size, industry, and geographic markets. In any organization, the board of directors bears the ultimate…
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…
What Is Audit Quality?
Reflecting on PCAOB Member George Botic’s Four Pillars
What is audit quality? This is not meant as a philosophical question, but rather as one that can be answered through definitions and evidence drawn…
IN BRIEF Businesses facing liquidation are often confronted with questions on how to value their assets and liabilities so as to be meaningful to important…
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.…
A Conversation with SEC Chief Accountant Kurt Hohl
Highlights from the 20th Annual Baruch College Audit Conference
The 20th Annual Audit Conference, hosted by Baruch College, New York, N.Y., on Nov. 20, 2025, once again featured the theme of “Ensuring Integrity.” Regulators,…
A First Look at the Disaggregation of Income Statement Expenses
An Illustration of Typical Disclosures
On Nov. 4, 2024, FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40). Public business entities must implement this standard for annual reporting…
A trust fund tax is a tax that is collected and accounted for by a third party, usually a business, which is then responsible for…
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.…