The automation of repetitive tasks has become part of today's workplace, whether CPAs are engaged in industry, governmental, not-forprofit, or public accounting. This automation can…
Consider the following hypothetical scenario: You have some PivotTables in a Microsoft Excel workbook that rely upon an underlying set of data. That dataset gets…
ICYMI | What CPAs Need to Know About the SEC Climate-Related Risk Proposal
Five Practical Steps for Preparation and Implementation
In Brief By now, most CPAs are aware that the SEC issued a landmark proposal that would require standardized disclosure of climate-related risks for companies,…
In Brief The demand from users for environmental, social, and governance (ESG) information has continued to grow, but standards remain under development and reporting is…
ICYMI | An Auditor’s Perspective on Smart Contracts and DAOs
Challenges and Strategies
The Public Company Accounting Oversight Board (PCAOB) Auditing Standard (AS) 1010, Training and Proficiency of the Independent Auditor, requires that audits be performed by people…
FASB Takes on Crypto
Regulatory Concerns Drive the Search for Better Guidance
In Brief Accountants, corporate management, and investors would likely all agree that better guidance is needed for the accounting, valuation, disclosure, and reporting of crypto…
Finding the Right ESG Framework
Which Standards Setters Should You Choose?
On March 18, 2022, Wolters Kluwer's Expert Insights published “The 5 biggest hurdles to effective ESG [environmental, social, and governance] reporting.” Unsurprisingly, “multiple ESG frameworks” was…
Editors' Note: The CPA Journal staff would like to acknowledge the recent passing of longtime column editor, author, and Editorial Advisory Board member Howard Levy. His…
Preventing Data Breaches by Learning from Competitors
Reading the Verizon Breach Report
What's going on with competitors always comes up in conversations between CPAs and their clients. Even within companies, executive management continuously relies on financial executives…
Artificial Intelligence (AI) traces its origin to antiquity, when humans attempted to use formal reasoning to predict the future of events. Today, AI has made…
The Use of Data Analytics in Auditing
Searching for Reality within the Hype
The accounting press has heralded the growing and transformational use of data analytics in accounting—auditing in particular. A recent poll regarding top priorities for audit…
Sustainability Reporting and Practitioners’ Responsibilities
Summary of the IESBA Staff Q&A
Over the past decade or so, corporate reporting has broadened to cover issues not addressed in quarterly or annual GAAP financial reports. At present, such…
The notion of becoming a CPA never even crossed my mind as a child. When I was 3 years old, my father passed away. My…
Sustainability accounting covers nonfinancial performance measures pertaining to an organization's environmental and social impacts, rather than just economic. The concept of sustainability accounting allows companies…
ChatGPT for Legal and Tax Professionals
‘World-Altering Power’ Requires Kid Gloves
“The world-altering powers that technology has delivered into our hands now require a degree of consideration and foresight that has never before been asked of…
Riding the NFT Wave
A Primer for CPAs
In Brief Crypto assets represent a fast-moving asset class, and nonfungible tokens (NFT) are an especially fast-growing subset of that class, which have attracted outsized…
Tax & Accounting Update is provided by Thomson Reuters and based on material published on Checkpoint, its online news and research platform. The Update is…
In Brief The demand from users for environmental, social, and governance (ESG) information has continued to grow, but standards remain under development and reporting is…
Editors' Note: The CPA Journal staff would like to acknowledge the recent passing of longtime column editor, author, and Editorial Advisory Board member Howard Levy. His…
The notion of becoming a CPA never even crossed my mind as a child. When I was 3 years old, my father passed away. My…
Finding the Right ESG Framework
Which Standards Setters Should You Choose?
On March 18, 2022, Wolters Kluwer's Expert Insights published “The 5 biggest hurdles to effective ESG [environmental, social, and governance] reporting.” Unsurprisingly, “multiple ESG frameworks” was…
An Auditor’s Perspective on Smart Contracts and DAOs
Challenges and Strategies
The Public Company Accounting Oversight Board (PCAOB) Auditing Standard (AS) 1010, Training and Proficiency of the Independent Auditor, requires that audits be performed by people…
Preventing Data Breaches by Learning from Competitors
Reading the Verizon Breach Report
What's going on with competitors always comes up in conversations between CPAs and their clients. Even within companies, executive management continuously relies on financial executives…
What CPAs Need to Know About the SEC Climate-Related Risk Proposal
Five Practical Steps for Preparation and Implementation
In Brief By now, most CPAs are aware that the SEC issued a landmark proposal that would require standardized disclosure of climate-related risks for companies,…
Value-driven disruptive digital strategies, business models, skills, and technologies are transforming organizations of all sizes, sectors, and geographies. Digital disruption is also stressing organizational governance.…
Revisiting Information Technology Risks
Questions Every Audit Committee Should Ask
An article in the October 2012 CPA Journal outlined 10 questions audit committees should be asking about information technology (IT) risks and which “red flags” to…
FASB Takes on Crypto
Regulatory Concerns Drive the Search for Better Guidance
In Brief Accountants, corporate management, and investors would likely all agree that better guidance is needed for the accounting, valuation, disclosure, and reporting of crypto…
Artificial Intelligence (AI) traces its origin to antiquity, when humans attempted to use formal reasoning to predict the future of events. Today, AI has made…
ChatGPT for Legal and Tax Professionals
‘World-Altering Power’ Requires Kid Gloves
“The world-altering powers that technology has delivered into our hands now require a degree of consideration and foresight that has never before been asked of…
Riding the NFT Wave
A Primer for CPAs
In Brief Crypto assets represent a fast-moving asset class, and nonfungible tokens (NFT) are an especially fast-growing subset of that class, which have attracted outsized…