The accounting profession is facing a severe crisis due to a shortage of accountants. Significantly fewer students have selected accounting as a major. As a…
ICYMI | Rethinking the 150-Hour Requirement for CPA Licensure
Can Alternative Paths Surmount the Barriers to Entry?
In Brief The accounting profession continues to suffer from the barrier to entry caused by the 150-hour CPA licensure requirement and is struggling to find…
ICYMI | The Accounting Profession Is in Crisis
A Partial Solution to the Shortage of Accountants
The accounting profession is facing a severe crisis due to a shortage of accountants. Significantly fewer students have selected accounting as a major. As a…
The transition to the new Uniform CPA Examination is rapidly approaching. Changes to the format of the CPA exam have been part of the AICPA…
Does the CPA Evolution Initiative Go Far Enough?
The Skills Needed to Bridge the Gap
In 2017, the AICPA, in conjunction with NASBA, undertook a gap analysis of the Uniform CPA Examination to identify opportunities challenging the profession and develop…
Tax & Accounting Update is provided by Thomson Reuters and based on material published on Checkpoint, its online news and research platform. The Update is…
Forté Capital's Selected Statistics Annualized Quarterly Real U.S. GDP Growth U.S. economic growth has been hovering around 2% for the past four quarters. As the…
Sid Kess, Living on in our Hearts
In Memoriam
The world is a little less today without Sid in it. He touched so many lives in a real and positive way that it is…
Remembering Sid Kess, One of a Kind
In Memoriam
Sid was the ultimate professional. Generations of tax professionals relied upon him for training. We enjoyed speaking at his conferences and being a part of…
The Last Letter Sid Kess Wrote to Me
In Memoriam
Sid and I met through a mutual friend at a dinner six years ago when Sid was 91 years young. He quickly became my mentor…
Accounting Education Disrupted
Transforming to Face a Challenging Future
In Brief Although emerging technologies have disrupted the entire accounting ecosystem in recent years, the education realm has been one of the areas hardest hit.…
Remembering Sid Kess, Giant
In Memoriam
Sid Kess was a giant. There really are no words to describe the loss I feel now that Sid is gone. When I was a…
Sidney Kess was our first Sidney and Jewel Fields Distinguished Tax Lecturer, when I was the chair of the accounting department of Wayne State University…
I first took one of Sid's income tax updates more than 50 years ago. Even then, he was well-known and highly thought of, and his…
Remembering Sid Kess, Lifelong Friend
In Memoriam
I had no idea when I first met Sid Kess several years back, when we both served on the FAE Board of Directors, that I…
Sid Kess, Mensch
In Memoriam
The term “mensch” is a Yiddish word meaning “a person of integrity, morality, and dignity, with a sense of what is right and responsible.” That's…
The Passing of Sid Kess
A Tremendous Void for the Profession and the Community
The profession lost a wonderous and special guiding light in Sid Kess. I do not think he let anyone call him “Sidney” or “Mr. Kess,”…
Reflections on Sidney Kess
In Memoriam
There are very few people you meet that are truly a pleasure to interact with every time you speak with them, and Sidney Kess was…
Loss of a CPA Giant, Mentor, and Friend
In Memoriam
Remembering Sid Kess On Sunday, September 17, many in the accounting tax and accounting community lost a longtime expert, mentor, and friend: Sid Kess, who,…
A Roadmap to Technology Agility for CPAs
Meeting the Challenges of the IT-based Workplace
Hiring practices have already been affected by the fact that some accounting graduates are perceived as lacking the skills necessary for today's work-place. Specifically, CPA…
The CPA Evolution Initiative, first announced in 2020, is approaching its official launch in January 2024. The CPA Evolution Initiative is a partnership between the…
Artificial Intelligence
Evolving Risk Guidance and Considerations
Interest in artificial intelligence (AI) has surged since ChatGPT's public release. ChatGPT responded to my “What is ChatGPT?” query by proclaiming: “It can answer questions,…
The AICPA and NASBA’s Inadequate Response to Reaching 150 Hours
Seeking Win-Win Solutions for all Stake-holders, not a Zero-Sum Game
According to the AICPA's 2023 Trends Report and identified in more recent articles in The CPA Journal, Wall Street Journal, Financial Times and Bloomberg, bachelor's degree…
The transition to the new Uniform CPA Examination is rapidly approaching. Changes to the format of the CPA exam have been part of the AICPA…
Individuals who own interests in a closely held family business need to address an exit strategy. In many cases, such individuals wish to have a…
What Can the Profession Do?
Looking closely at each piece of the puzzle
In Brief Decades of effort to increase Black representation in accounting programs and CPA firms have yet to yield results. Rather than trying more of…
The Accounting Profession Is in Crisis
A Partial Solution to the Shortage of Accountants
The accounting profession is facing a severe crisis due to a shortage of accountants. Significantly fewer students have selected accounting as a major. As a…
Does the CPA Evolution Initiative Go Far Enough?
The Skills Needed to Bridge the Gap
In 2017, the AICPA, in conjunction with NASBA, undertook a gap analysis of the Uniform CPA Examination to identify opportunities challenging the profession and develop…
SALT Round-Up—Key Updates in Several Jurisdictions
Looking at Maryland, New Jersey, North Carolina
CPAs need to be aware of current tax developments in key states to properly advise clients doing business in multiple jurisdictions. As state and local…
Rethinking the 150-Hour Requirement for CPA Licensure
Can Alternative Paths Surmount the Barriers to Entry?
In Brief The accounting profession continues to suffer from the barrier to entry caused by the 150-hour CPA licensure requirement and is struggling to find…