Imagine this scenario: in a tax planning meeting with a client, a CPA identifies a great opportunity to reduce their tax liability—perhaps through a retirement…
Robotic Process Automation (RPA) continues to proliferate in organizations. Responding to governance challenges and impacts on financial reporting, the Committee of Sponsoring Organizations of the…
The Danger of Bad Charts
Where to Look for Flaws in the Presentation of Financial Data
Can the users of financial statements and annual reports rely upon the charts in them for accuracy? A sample of 50 public companies' yearly reports…
Editor's Note: This article is the first of a series in a new column, Corporate Governance Corner, exploring corporate governance issues and the role CPAs play…
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 Times Like These
How Transformation in the Accounting Profession Can Shape South Africa’s Economic Future
Column Editor's Note: This article is the first in a series that will spotlight academics detailing their experience and research in the field of accounting and…
The U.S. Supreme Court's landmark decision in South Dakota v. Wayfair, Inc. (138 S. Ct. 2080, 2018) overturned years of precedent that had precluded states…
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…
Commentary The pace of economic growth has been gradually slowing down since the lively pace of summer 2023. In fact, some predicted recession for the…
Demystifying ‘DeFi’
Tax Compliance for Individuals Engaging in Decentralized Finance Transactions
Decentralized finance (DeFi) is an emerging peer-to-peer system for conducting financial activity on the blockchain without the need for third-party intermediaries or financial institutions. Although…
Robotic Process Automation (RPA) continues to proliferate in organizations. Responding to governance challenges and impacts on financial reporting, the Committee of Sponsoring Organizations of the…
A Conversation with PCAOB Chair Erica Williams
Highlights from the 23rd Annual Baruch College Financial Reporting Conference
The 23rd Annual Financial Reporting Conference, hosted by Baruch College, New York, N.Y., on May 1, 2025, brought regulators and standards setters together with financial…
Automating Data Analysis with Python Dashboards
A Beginner-Friendly Approach for CPAs
In today's data-rich environment, business are always looking for a way to capitalize on available data for new insights and increased efficiencies. Given the escalating…
Are Corporate DEI Efforts Sustainable in Today’s Environment?
Real Change or Empty Promises?
The discussion around diversity, equity, and inclusion (DEI) initiatives intensified following the death of George Floyd in 2020, prompting more corporations to invest in DEI…
Imagine this scenario: in a tax planning meeting with a client, a CPA identifies a great opportunity to reduce their tax liability—perhaps through a retirement…
In Times Like These
How Transformation in the Accounting Profession Can Shape South Africa’s Economic Future
Column Editor's Note: This article is the first in a series that will spotlight academics detailing their experience and research in the field of accounting and…
The Danger of Bad Charts
Where to Look for Flaws in the Presentation of Financial Data
Can the users of financial statements and annual reports rely upon the charts in them for accuracy? A sample of 50 public companies' yearly reports…
Editor's Note: This article is the first of a series in a new column, Corporate Governance Corner, exploring corporate governance issues and the role CPAs play…
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.…
The U.S. Supreme Court's landmark decision in South Dakota v. Wayfair, Inc. (138 S. Ct. 2080, 2018) overturned years of precedent that had precluded states…
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 accounting profession stands at an inflection point. We're facing both a generational pipeline crisis and an accelerating wave of technological disruption. Emerging technologies—artificial intelligence…
The SEC Finalizes Rule on Cybersecurity Disclosures
Increased Documentation, Disclosure, and Transparency
In Brief The SEC's new cybersecurity rules require public companies to promptly disclose cybersecurity incidents and detail their risk management strategies. These rules mandate reporting…
Considerations for Tax Return Preparers Outsourcing Overseas
Obtaining Taxpayer Consent Under IRC Section 7216 and Related Authorities
As early as 2006, the IRS has recognized that “foreign outsourcing is not prohibited by … final regulations, which permit disclosure of tax return information…
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…