“Burn, baby, burn. That's a beautiful thing.” These words came from an Enron energy trader, caught on tape during the 2000–2001 California energy crisis celebrating…
IN BRIEF In the course of fulfilling its mandate to protect investors, the PCAOB has conducted inspections of public firm audits and collected this data…
A recent case, Senty v. United States, provides several important lessons for tax return preparers [Senty v. United States, 132 AFTR 2d 2023-6735, (Dist. Ct. WD…
Column Editor's Note: In this issue, we return to neurodiversity in accounting, a topic I wrote about some while back, querying its intersection with race. It…
The Cascading Effect of the OBBBA Tax Law
Considering State Conformity
The One Big Beautiful Bill Act (OBBBA), passed July 4, 2025, will bring sweeping changes to federal corporate and individual tax rules. Many of these…
A First Look at ‘No Tax on Tips’
Implications of the New Tax Law
IN BRIEF During the debate over the newly enacted federal tax law, legislators promised to eliminate taxes on tipped income. The bill's final provisions included…
Dividing financial assets during a divorce settlement is often a complicated situation. When it comes to splitting retirement assets specifically, the process tends to be…
The US Congress passed the so-called One Big Beautiful Bill Act (OBBBA, PL 119-21), making permanent or extending many of the Tax Cuts and Jobs…
Column Editor's Note: In this issue, we return to neurodiversity in accounting, a topic I wrote about some while back, querying its intersection with race. It…
How to Audit AI
Guidance from Professional Associations
Despite challenges and concerns related to AI adoption and use, organizations are rapidly experimenting with and, in some cases, adopting this technology. Some question whether…
Generational Perspectives on Sustainability
How Evolving Views Connect to the Classroom
Sustainability—defined by the Sustainability Accounting Standards Board (SASB) as encompassing environmental stewardship, social capital, human capital, business models, and governance—has evolved into a generational barometer,…
Navigating the Crossover in Tax Standards for Licensed and Non-Licensed Tax Practitioners in New York State
Part 2: An Examination of Special Circumstances, Implications for Non-Compliance & Best Practices for Compliance
The first part of this article series addressed the applicable standards for licensed tax practitioners as they related to confidentiality, conflicts of interest, and independence.…
From ‘Tone at the Top’ to ‘Checks and Balances’
The Ongoing Shift in Corporate Governance
Over the past five decades, corporate governance experts have focused on improving the “tone at the top.” The belief has been that a strong CEO…
IN BRIEF In the course of fulfilling its mandate to protect investors, the PCAOB has conducted inspections of public firm audits and collected this data…
Accounting for Disaster
Congress, the PCAOB, and the Lessons We Forgot
“Burn, baby, burn. That's a beautiful thing.” These words came from an Enron energy trader, caught on tape during the 2000–2001 California energy crisis celebrating…
On January 5, 2025, President Biden signed H.R. 82, the Social Security Fairness Act of 2023 (Public Law 118-273), to repeal the government pension offset…
Editor's Note: This article is the first in a new column, Personal Financial Planning, covering the role of CPAs in advising individuals and families on how…
Revisiting ‘Where is Public Company Auditing Headed?’
Post-Pandemic Perspectives
IN BRIEF Public company auditing is a complex and challenging area of accounting practice. The following revisits the authors' 2020 article that asked, “Where is…
The crisp autumn air, the changing colors of the leaves, and ever-earlier sunsets always remind me that change is constant. For the CPA profession, this…
A recent case, Senty v. United States, provides several important lessons for tax return preparers [Senty v. United States, 132 AFTR 2d 2023-6735, (Dist. Ct. WD…
Global Mobility and US Taxes
Identifying Risks for Foreign Individuals and Entities
Today's global workers and their employers are at risk of triggering US tax and compliance obligations. The stakes are high for CPAs serving global clients,…
A First Look at ‘No Tax on Tips’
Implications of the New Tax Law
IN BRIEF During the debate over the newly enacted federal tax law, legislators promised to eliminate taxes on tipped income. The bill's final provisions included…
On September 15, 2025, President Trump proposed that public companies file financial reports semi-annually rather than quarterly (N. Andrews and C. Driebusch, “Trump Calls for…
Planning Opportunities Under an Expanded IRC Section 1202
Maximizing Benefits for Investments in Small Businesses
Thoughtful tax advisers are always wary of planning approaches that seem “too good to be true.” Making such a determination can be difficult, because tax-motivated…
The Cascading Effect of the OBBBA Tax Law
Considering State Conformity
The One Big Beautiful Bill Act (OBBBA), passed July 4, 2025, will bring sweeping changes to federal corporate and individual tax rules. Many of these…
Global Mobility and US Taxes
Identifying Risks for Foreign Individuals and Entities
Today's global workers and their employers are at risk of triggering US tax and compliance obligations. The stakes are high for CPAs serving global clients,…