Value-driven disruptive digital strategies, business models, skills, and technologies are transforming organizations of all sizes, sectors, and geographies. Digital disruption is also stressing organizational governance.…
Revisiting Information Technology Risks
Questions Every Audit Committee Should Ask
An article in the October 2012 CPA Journal outlined 10 questions audit committees should be asking about information technology (IT) risks and which “red flags” to…
FASB Takes on Crypto
Regulatory Concerns Drive the Search for Better Guidance
In Brief Accountants, corporate management, and investors would likely all agree that better guidance is needed for the accounting, valuation, disclosure, and reporting of crypto…
Artificial Intelligence (AI) traces its origin to antiquity, when humans attempted to use formal reasoning to predict the future of events. Today, AI has made…
ChatGPT for Legal and Tax Professionals
‘World-Altering Power’ Requires Kid Gloves
“The world-altering powers that technology has delivered into our hands now require a degree of consideration and foresight that has never before been asked of…
Riding the NFT Wave
A Primer for CPAs
In Brief Crypto assets represent a fast-moving asset class, and nonfungible tokens (NFT) are an especially fast-growing subset of that class, which have attracted outsized…
ICYMI | Incident Responses to Cyber Attacks and Breaches
Considerations for Boards and Audit Committees
Recent media reports indicate that numerous organizations have suffered cyber breaches from increasingly sophisticated attacks. Victim organizations range from sensitive governmental and Fortune 500 companies to…
With so much attention drifting toward the productivity of remote workers in the post–COVID-19 environment, many CFOs are overlooking the related critical tax and compliance…
Chat GPT is an artificial intelligence (AI) chatbot developed by the OpenAI organization. Many readers may already be familiar with chatbots, which are software applications…
With so much attention drifting toward the productivity of remote workers in the post–COVID-19 environment, many CFOs are overlooking the related critical tax and compliance…
Incident Responses to Cyber Attacks and Breaches
Considerations for Boards and Audit Committees
Recent media reports indicate that numerous organizations have suffered cyber breaches from increasingly sophisticated attacks. Victim organizations range from sensitive governmental and Fortune 500 companies to…
Artificial Intelligence (AI) has been a buzzword for years, but it wasn't until OpenAI came out with Chat GPT in November 2022 that AI came…
As CPAs advise their nonprofit clients on strategies for 2023, it is imperative to understand the top technology trends that will affect the sector this…
The Financial Accounting Foundation has recently launched the updated online Governmental Accounting Research System (GARS), and its new features and resources make it a must-see—as…
Whether responding to heightened regulatory expectations or confirming trust in their organization's ability to repel a cyberattack, performing penetration testing (i.e., “pen test”) continues to…
As CPAs advise their nonprofit clients on strategies for 2023, it is imperative to understand the top technology trends that will affect the sector this…
Alarge majority of respondents to The CPA Journal 2022 Practice Management and Tax Practice Survey reported substantial difficulty in reaching an Internal Revenue Service representative, which…
The Audit Committee’s Oversight for Cybersecurity
Targeted Key Considerations
Audit committees face increasingly complex demands and expectations when it comes to cybersecurity. Oversight practices have expanded from an initial focus on protecting lost shareholder…
ICYMI | Technostress and the Accounting Profession
Taking a Pragmatic Approach to Increased Connectivity
Over the past decade, the accounting profession has experienced a digital transformation as a result of the increased utilization of information and communication technologies (ICT).…
ICYMI | Practice Management and Tax Practice in the Current Environment
2022 Annual Survey of New York State Practitioners
In Brief Professional accountants continued to deal with practice-related, economic, social, and tax law changes resulting from the global pandemic during the 2022 busy season,…
Technostress and the Accounting Profession
Taking a Pragmatic Approach to Increased Connectivity
Over the past decade, the accounting profession has experienced a digital transformation as a result of the increased utilization of information and communication technologies (ICT).…
Many respondents to The CPA Journal's 2022 Practice Management and Tax Practice Survey (see p. 28 of this issue) reported that they have adopted new practice…
Practice Management and Tax Practice in the Current Environment
2022 Annual Survey of New York State Practitioners
In Brief Professional accountants continued to deal with practice-related, economic, social, and tax law changes resulting from the global pandemic during the 2022 busy season,…
Individual taxpayers have probably noticed that they have been required to answer questions on Form 1040 about virtual currency transactions in recent years. The U.S.…
In Brief With new technologies come new forms of assets and, eventually, new rules for the regulation and taxation of such assets. Beyond the current…
In Brief To date, “smart contracts” have had only limited use. Nevertheless, they have the power to be transformative, particularly when combined with artificial intelligence…
In Brief Although business's increasing utilization of technology to drive operational decisions has meant a greater reliance on data, it is exceedingly rare that an…
Blurring Lines with a Mobile Workforce
Bring Your Own Device, Face Your Own Discipline?
In the realm of information technology, “Bring Your Own Device” (BYOD) is the practice of allowing employees to use personal technology devices such as laptops…
Regulatory Concerns Could Dampen Investor Excitement for Stablecoins
Looking Closely at a Controversial Digital Asset Class
In Brief Stablecoins, a class of digitial asset touted as being more constant in their value than other cybercurrencies, have become increasingly popular in recent…
B Corporations are for-profit entities that not only provide products or services with a goal of earning a profit for its owners, they also contribute…