Distributions made from a retirement account are generally taxed as ordinary income, but net unrealized appreciation (NUA) is a special rule applicable for employer securities…
Foreign financial accounts serve many entirely legitimate purposes for US taxpayers, from diversification of wealth to the practical needs of cross-border life and business. These…
Audit firms have invested heavily in artificial intelligence (AI) in recent years, with media outlets reporting billions of dollars in collective investments from the Big…
Closing Disclosure Lag
Rethinking the SEC Reporting Framework for Modern Markets
The US Securities and Exchange Commission is currently evaluating aspects of the public company reporting framework, including whether quarterly reporting should remain mandatory or whether…
Aligning California and EU Climate Disclosure Mandates
A Guide for CPAs
IN BRIEF Recent climate disclosure mandates in Europe and California may have a significant impact on sustainability reporting beyond those jurisdictions. With some changes being…
Implications of the Boeing Crashes for CPAs
Looking for the Lessons Learned
IN BRIEF This article explores the ethical implications of the Boeing 737 MAX crashes through the lens of the AICPA Code of Professional Conduct. It…
Some investors have shown enthusiasm for the inclusion of non-GAAP measures, including reporting on sustainability issues and climate-related risks, in addition to traditional financial reports.…
As companies embrace emerging and leading technologies, many accounting professionals continue to play catch-up when implementing them in their service delivery (whether in public or…
Organization Governance and Information Gaps
Internal Reporting and Internal Information for Board Oversight
The evolution of organizational governance and board of directors’ responsibilities continues. In recent years, the actions of shareholder activists’ groups, securities regulators, and courts, as…
Highlights from the 24th Annual Baruch Financial Reporting Conference
Featuring a Panel Discussion on Artificial Intelligence
The 24th Annual Financial Reporting Conference, hosted by Baruch College, New York, N.Y., on May 7, 2026, provided a forum for policymakers from the SEC…
Evaluating a company’s performance and risks related to environmental, social, and governance (ESG) issues is no longer a niche part of due diligence but a…
Blockchain and Accounting
What CPAs Need to Know
Blockchain was originally created to facilitate bitcoin transactions by enabling secure and traceable peer-to-peer deals without a central authority. Subsequently, blockchain has become a buzzword…
Distributions made from a retirement account are generally taxed as ordinary income, but net unrealized appreciation (NUA) is a special rule applicable for employer securities…
Evaluating the Use of AI in Financial Statement Audits
Factors for External and Internal Auditors to Consider
Technology is constantly evolving, but one thing that has always fascinated people is the concept of artificial intelligence (AI) (B.Y. Kassa and E.K. Worku, “The…
New York State’s annual budget bill, originally expected to be finalized by April 1, 2026, was signed by Governor Kathy Hochul on May 28, 2026,…
Aligning California and EU Climate Disclosure Mandates
A Guide for CPAs
IN BRIEF Recent climate disclosure mandates in Europe and California may have a significant impact on sustainability reporting beyond those jurisdictions. With some changes being…
Corporate leaders and investors alike are faced with a growing list of financially material sustainability risks and opportunities. The manufacturing sector, for example, has significant…
Audit firms have invested heavily in artificial intelligence (AI) in recent years, with media outlets reporting billions of dollars in collective investments from the Big…
Foreign financial accounts serve many entirely legitimate purposes for US taxpayers, from diversification of wealth to the practical needs of cross-border life and business. These…
Implications of the Boeing Crashes for CPAs
Looking for the Lessons Learned
IN BRIEF This article explores the ethical implications of the Boeing 737 MAX crashes through the lens of the AICPA Code of Professional Conduct. It…
Closing Disclosure Lag
Rethinking the SEC Reporting Framework for Modern Markets
The US Securities and Exchange Commission is currently evaluating aspects of the public company reporting framework, including whether quarterly reporting should remain mandatory or whether…
Leveraging Artificial Intelligence in Audit Planning
Optimizing Risk Assessment and Enhancing Audit Efficiency
IN BRIEF Audit planning is one of the most complex but critical stages of the audit process. This leads auditors to look for technologies that…