People are generally optimistic, and no one wants to think about a good situation falling apart. CPAs like the idea of doing clients a favor,…
ICYMI | Ethical Dilemmas Facing CPAs: Three Case Studies
Managing Risk and Resolving Conflicts
People are generally optimistic, and no one wants to think about a good situation falling apart. CPAs like the idea of doing clients a favor,…
I've written and talked at length, in this column and in discussions with accounting thought leaders across the country, about the transformation taking place at…
As recent natural and man-made disasters have made clear, CPAs are frequently required to prepare a business interruption insurance claim for their clients. In addition,…
Personal Disaster Recovery Plans
Helping Individuals when Tragedy Occurs
Fire, flood, or sudden departure of key personnel can all wreak havoc on a business, and CPAs routinely advise business clients to prepare disaster recovery…
Despite medical marijuana legalization prevailing in nearly one-half of the 50 states, the U.S. Congress and the federal court system have not embraced this nascent…
OVDP and the IRS’s New Streamlined Filing Procedures
Look Before You Leap
The IRS's Offshore Voluntary Disclosure Program (OVDP) is designed to assist U.S. taxpayers who have failed to properly report or pay income taxes on offshore…
Excessive fee litigation and class action settlements increased significantly in 2014 and 2015. These decisions and negotiations will encourage more claims against retirement plan committees…
SLT | New York’s Enhanced Collection Procedures for Delinquent Taxpayers
Driver’s License Suspension Program
New York State tax law now provides the New York State Department of Taxation and Finance (DTF) with a new enforcement tool to assist in…
TPP | Filing Amended and Current Returns in Cases of Past Noncompliance
How Not to Make Matters Worse
When a CPA discovers a taxpayer's past noncompliance, there are both ethical and practical questions to answer. The last thing a CPA should want to…
In mid-2013, the SEC established the Financial Reporting and Audit Task Force, which in part was formed to spearhead the Division of Enforcement's efforts to…
Old Habits Are Hard to Break
The Expectation Gap and the Case against Careless Use of Outdated Language
“For in spite of language, in spite of intelligence and intuition and sympathy, one can never really communicate anything to anybody.” —Aldous Huxley, “Sermons in…
The complexity and rate of change in today's business environment requires businesses to manage multiple projects at all times. A study by the Project Management…
Audit committees and the financial executives who interface with them (e.g., CFOs, controllers, CPAs, internal auditors, business line managers) continue to devote significant attention to…
In Brief The sharing economy and mobile commerce are becoming popular ways of conducting business. This article explains the Internet-based economy and the mobile accounting…
In Brief The proliferation of smartphones, tablets, and other mobile devices has changed the way businesses gather and process information, and CPAs are no exception.…
In Brief As the U.S. economy continues to recover from the Great Recession, new technological developments are once again accelerating, as is corporate adoption of…
This month marks our annual technology issue. Technology advances present new capabilities for businesses, but, increasingly, they also represent increased complexity, risk, and potential liability.…