The recent multibillion-dollar investment by private equity in a major CPA firm reminded me of the concerns that I raised in an article that I…
ICYMI | Telling the Truth and Showing the Way
The National Debt Issue
With the debt ceiling being raised yet again to avoid a government shutdown, now is the time to address the root cause of the problem.…
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…
Surveying a Shifting Landscape
The Big Four and the Rising Tide of Advisory Services
In Brief Around the turn of the century, the largest public accounting firms featured fast-growing advisory services divisions. Tension within these firms, and stricter regulations…
Financial Statement Fraud Detection in the Digital Age
Artificial Intelligence versus Traditional Methodologies
In Brief The proliferation of technology throughout modern business has created novel opportunities for financial statement fraud. But technology tools can also be leveraged to…
Forté Capital's Selected Statistics Annualized Quarterly Real U.S. GDP Growth Q1-2021 through Q1-2024 The first-quarter GDP estimate was weaker than expected, coming in at 1.6%.…
Tax & Accounting Update is provided by Thomson Reuters and based on material published on Checkpoint, its online news and research platform. The Update is…
Despite being subjected to high regulatory expectations and intense scrutiny over information security practices, the healthcare industry has again succumbed to a significant data breach.…
The recent multibillion-dollar investment by private equity in a major CPA firm reminded me of the concerns that I raised in an article that I…
How Accounting Teams Can Work Smarter, Not Harder
Six Ways to Create More Time in the Day
Accountants working for not-for-profit (NFP) entities are always pressed for time; there never seem to be enough hours in the day. Which comparative and trend…
Black Women in Accounting and the Backlash to DEI
An Interview with Jina Etienne
In this article I have the pleasure of interviewing Jina Etienne, (CPA, CGMA, CDE) about the troubling rollback of Diversity, Equity, and Inclusion (DEI) underway…
Unlocking the Power of Data Visualization
The Art of Charts
Accountants are trained to make sure that a not-for-profit entity's financial information is accurate. But if the intended audience—be it managers, donors, or funders—is not…
Factors such as outdated and highly manual processes, antiquated platforms, lean staffing, and low prioritization of resources spent on what is perceived as a “less-than–mission-critical”…
Misconceptions in Single Audits
Understanding the Reality Behind the Requirements
Enacted in 1984, and subsequently amended, the Single Audit Act was established to provide assurance to the federal government that recipients of federal funds have…
Editors' Note: The following is an introduction to a new column focusing on sustainability accounting and reporting, as well as integrated reporting; environmental, social, and governance…
Financial Statement Fraud Detection in the Digital Age
Artificial Intelligence versus Traditional Methodologies
In Brief The proliferation of technology throughout modern business has created novel opportunities for financial statement fraud. But technology tools can also be leveraged to…
The Value of Forensic Investigations
Assisting Clients in Settlement Discussions
Eric A. Kreuter, PhD, CPA, CGMA, CFE, CASAC-T, and Andre Roland Castillo, MBA, CPA, ABV, CFF, CFE, and Ryan Constantino Finance-related disputes are inevitable in…
The Dilemma of What to Do with ‘Nowhere Sales’
Basic Overview of the Throwback and Throw-Out Rules
CPAs need to consider the effects of throwback and throw-out rules on the sales factor when preparing multistate corporate income tax returns for companies that…
Surveying a Shifting Landscape
The Big Four and the Rising Tide of Advisory Services
In Brief Around the turn of the century, the largest public accounting firms featured fast-growing advisory services divisions. Tension within these firms, and stricter regulations…
Telling the Truth and Showing the Way
The National Debt Issue
With the debt ceiling being raised yet again to avoid a government shutdown, now is the time to address the root cause of the problem.…
The ‘Controversial’ NOCLAR Proposal
Are Stakeholders in Favor of Change?
On June 6, 2023, the PCAOB published an exposure draft requesting comments about the auditor's role with respect to noncompliance with laws and regulations (NOCLAR).…
Many nonprofits that were affected by the COVID-19 pandemic have financially benefited from claiming the Employee Retention Credit (ERC). But the ERC has become the…
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…
Greetings, fellow CPAs. If you allow me a personal moment, I'm very excited to refer to you all as “fellow CPAs.” Of course, I've been…
Cheating in the Profession
Insights from Academia
CPAs are respected for their subject matter expertise and high ethical standards. In the past several years, however, the unethical behavior of some CPA firm…