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…
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…
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 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…
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…
ICYMI | NASBA and the AICPA Propose an Alternative Path to CPA
Better Late Than Never?
While NASBA and the AICPA have long supported the 150-hour pathway to CPA licensure, opinions differ as to whether the 30 credits beyond the bachelor's…
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…
Audit and tax firms have long understood that the traditional services for which they are being engaged (e.g., conducting an independent audit, preparing and filing…
Tips for a Smooth Nonprofit Audit Process
The Importance of Organization and Ongoing Preparation
While the audit process generally has an overwhelming connotation, there are several steps that a not-for-profit (NFP) organization can take to make the audit process…
Audit and tax firms have long understood that the traditional services for which they are being engaged (e.g., conducting an independent audit, preparing and filing…
Tips for a Smooth Nonprofit Audit Process
The Importance of Organization and Ongoing Preparation
While the audit process generally has an overwhelming connotation, there are several steps that a not-for-profit (NFP) organization can take to make the audit process…
Given the recent challenges in finding and retaining high quality employees, public accounting firms have had to ask many of their current employees to do…
When students decide to major in accounting, marketing is not at the top of their minds. While accounting students are likely required to take a…
Audit Quality
The Beneficial Impact of Market Competition
In his recent The CPA Journal editorial “Private Equity and the Ethics of a Profession,” Richard Kravitz addressed the recent diminishment in audit quality and the…
Given the recent challenges in finding and retaining high quality employees, public accounting firms have had to ask many of their current employees to do…
Did the CPA Evolution Leave Educators Behind?
Surveying the Readiness of Accounting Faculty
The new CPA Evolution model introduced significant changes to the Uniform CPA Examination that became effective in January 2024. Each candidate must now successfully demonstrate…
Attracting and Retaining Top Talent in Accounting
Insight from the Academic Human Resources Literature
There has been a recent decline in accountants, and this sharp decrease is the result of more than normal retirements. It is also due to…
When students decide to major in accounting, marketing is not at the top of their minds. While accounting students are likely required to take a…
Accounting is often thought of as a profession of numbers. CPAs are very proficient at making sure that the “numbers” are right: that accounts balance,…
Navigating the Accounting Pipeline Crisis
The Risks of Blurring Education and Experience in CPA Licensure Standards
In response to widespread concern that some students avoid becoming CPAs due to the time and cost associated with post-bachelor's degree licensure requirements (leading to…
Currently, in order to be licensed, CPA candidates must earn a bachelor's degree (usually 120 hours), earn 30 hours beyond the bachelor's degree (which may…
Navigating the Accounting Pipeline Crisis
The Risks of Blurring Education and Experience in CPA Licensure Standards
In response to widespread concern that some students avoid becoming CPAs due to the time and cost associated with post-bachelor's degree licensure requirements (leading to…
The Case for Redefining Accounting as a Multidimensional Practice
Shaping a Better World
Definitions of accounting deployed today are observably narrow, outdated, and increasingly unsuitable for realizing the full potential of accounting in today's world. Without key definitional…
Currently, in order to be licensed, CPA candidates must earn a bachelor's degree (usually 120 hours), earn 30 hours beyond the bachelor's degree (which may…
NASBA and the AICPA Propose an Alternative Path to CPA
Better Late Than Never?
While NASBA and the AICPA have long supported the 150-hour pathway to CPA licensure, opinions differ as to whether the 30 credits beyond the bachelor's…
In my last column, I mentioned the generational conversations happening in the profession. The timing for this education-focused issue is thus fortuitous. The CPA license…
Tax & Accounting Update is provided by Thomson Reuters and based on material published on Checkpoint, its online news and research platform. The Update is…
IASB News Trustees Reappoint Liu and O’Donovan to Interpretations Committee, Launch Search for New Members The IASB’s trustees have reappointed Yanli Liu and Brian O’Donovan…
Improving Audits of Larger Governmental Entities and Employee Benefit Plans
Is Self-Regulation Enough?
Peer reviews help to improve the quality of financial statement audits and other attestation services. Assessing the root causes of peer review comments and then…
FASB News Accounting Chiefs Weigh in on Consolidation Rules, Single Model Debate A recent conference of top accountants explored the challenges of consolidation accounting, including…