Tax & Accounting Update is provided by Thomson Reuters and based on material published on Checkpoint, its online news and research platform. The Update is…
Editors' Note: Published this past June, Baruch Lev and Fang Gu's The End of Accounting and the Path Forward for Investors and Managers (Wiley) has…
High School Confidential
Future Accountants Speak About the Profession
In October, Jason Ackerman's first practice management column discussed his firm's practice of hiring high school interns at his firm to give them early exposure…
With an ever-increasing choice of marketing tools, it is important for CPAs to focus promotional efforts on the areas of greatest benefit to the firm.…
Profiles in Community-Oriented, Socially Engaged Professionals
It’s Amazing What CPAs Can Do
Accounting as a profession carries a public interest responsibility that also contributes significant value to society. Accounting can also lead one to some amazing careers,…
The end of the year is coming, and for auditors, that means busy season is just around the corner. There never seem to be enough…
Vehicle Sales Vehicle sales increased in October from 17.8 million to 18.3 million units on a seasonally adjusted annual rate. This represents just under a…
Tax & Accounting Update is provided by Thomson Reuters and based on material published on Checkpoint, its online news and research platform. The Update is…
Existing Home Sales Annualized, seasonally adjusted existing home sales were 5.47 million in September, well above the forecast of 5.31 million. Thanks to increased single-family…
New York State CPAs responding to the 2016 annual tax software survey indicated that they made use of a variety of websites (see page 18).…
CPAs can be forgiven for thinking there are more standards, and standards setters, to follow than ever before. The recent proliferation has come at the…
When Reckless Executives Become Dangerous Fraudsters: Reward Structures and Auditing Procedures Need to Be Reformed to Deter ‘Dark Triad’ Personalities
2016 Max Block Award Winner: Outstanding Article in the Area of News & Views/Opinion
At its foundations, auditing is about verifying the assertions that find expression through the numbers presented in the financial statements, performed by well-qualified, competent, and…
The Ethical State of the CPA Profession
An Interview with Tony Menendez and Steven Mintz
Editors’ Note: The debate over the ethical responsibilities of CPAs and how to fulfill them has always been at the center of the profession. Recently,…
N.Y. Empire State Manufacturing The Empire State Manufacturing Survey's general business conditions index remained below its neutral threshold for a second consecutive month, coming in…
Tax & Accounting Update is provided by Thomson Reuters and based on material published on Checkpoint, its online news and research platform. The Update is…
State and local taxes (SALT) is an important practice area for many CPAs, as well as a significant decision factor for many companies. SALT professionals…
Partnership Abandonment
Why It Still Works and What to Watch Out For
Consider the following scenario: an individual has entered into a limited partnership that he knows is going bad, and he believes his investment will not…
Fighting Fraud—and Serving Famous Frankfurters—for Over a Century
The Story of Old-Fashioned Controls at Nathan’s Famous
One hundred years ago, an enterprising, bright, savvy, but uneducated young Polish immigrant started a modest business that would eventually grow to become one of…
Debating Non-GAAP Metrics Kudos to Thomas Selling and Gregory Sommers for “Why Accountants Should Care about Non-GAAP Financial Metrics” (June 2016). I am a fan…
Forté Capital’s Selected Statistics
Conference Board Leading Indicators
The Conference Board index of leading indicators climbed 0.4% in July, slightly above expectations. The increase was led by industrial production. Nonfarm payrolls added 255,000…
Tax & Accounting Update is provided by Thomson Reuters and based on material published on Checkpoint, its online news and research platform. The Update is…
Giving some serious thought to women's financial planning issues can be beneficial to both CPAs and their female clients. When advising married couples, it is…
The winners of the 2015 Max Block Distinguished Article Awards were honored during The CPA Journal Editorial Board meeting on August 9, 2016. This award…
Life insurance can be a significant estate asset for many individuals. However, unanticipated problems can arise when trying to collect that asset. In 2011, a…
Depreciable Asset Lives
The Forgotten Estimate in GAAP
In the early days of what is now modern, authoritative GAAP, paras. 46–52 of Accounting Terminology Bulletin 1, Review and Résumé, issued by the AICPA…
Risk of Recession The probability that the U.S. economy will fall into recession within six months increased from 17% in April to 20% in May,…
Tax & Accounting Update is provided by Thomson Reuters and based on material published on Checkpoint, its online news and research platform. The update is…
Many CPA candidates will find it advantageous to investigate which resources exist to help them pass the CPA exam. The majority of the best resources…
According to the AICPA report “Trends in the Supply of Accounting Graduates and the Demand for Public Accounting Recruits,” hiring at public accounting firms rose…
The Next Version of the CPA Exam
Changes Are Coming Next Year
The AICPA recently released its report covering the next version of the Uniform CPA Examination (AICPA, Practice Analysis Final Report, Apr. 4, 2016, http://bit.ly/294IHtx), launching…