Real gross domestic product (GDP) increased at an annual rate of 4.4% in the third quarter of 2025 (July–September), according to the updated estimate released…
In this Issue
January/February 2026
Accountants are always aiming for precision in their work, striving for accuracy and transparency when describing the outcomes of a business's operations. The perennial…
In this Issue
November/December 2025
One of biggest practice management challenges facing the accounting profession today is finding and keeping talent. Thought leaders have long been aware of the looming…
In this Issue
November/December 2025
One of biggest practice management challenges facing the accounting profession today is finding and keeping talent. Thought leaders have long been aware of the looming…
On May 8, 2025, the New York State Legislature passed A3009/S3009, the comprehensive New York State 2025-2026 Budget Act (Budget Act). Governor Hochul signed the…
Accounting Standards Codification 326
Three Years of Expected Credit Loss Reporting
In Brief In the wake of the Great Recession, FASB spent years deliberating new guidance intended to provide users with more useful information on the…
In the last two years since the Multistate Tax Commission (MTC) adopted the fourth revision to its Public Law 86-272 Statement, there has been limited…
Regulators and Standard Setters: Updates and Panel Discussion
Highlights from the 17th Annual Baruch College Auditing Conference
The first panel of the conference, “Regulators and Standard Setters: Updates and Panel Discussion,” featured presentations and discussion on current topics in auditing standards and…
Operational Compliance in a Highly Regulated Environment
Avoiding Fiduciary Breaches, Regulatory Review, Corrective Contributions, and Monetary Sanctions
Plan administrators named in the plan document, or acting as administration fiduciaries by filing Form 5500, must administer their 401(k) plan in accordance with plan…
New Reporting and Disclosure Requirements for Contributed Nonfinancial Assets or Services
A Closer Look at ASU 2020-07
Almost all not-for-profit organizations rely on contributions to help fulfill their mission. Contributions can either be in the form of financial assets, such as cash…
The Donald J. Trump Foundation was undone by alleged acts of self-dealing involving its namesake, Donald J. Trump, who also allegedly used the foundation to…
Machine learning is an increasingly familiar technology term that encompasses a broad range of applications. Machine learning can enable businesses to sift through large amounts…
Why Lease Accounting Software Systems Fail
9 Key Functional Deficiencies Driving Companies to Replace ASC 842 Software
SPONSORED CONTENT Adoption of ASC 842 was challenging enough. No company implemented new lease accounting software expecting to replace it just a couple of years…
The Donald J. Trump Foundation was undone by alleged acts of self-dealing involving its namesake, Donald J. Trump, who also allegedly used the foundation to…
ICYMI | Seven Years at the Forefront of Standards Setting
A Look Back from Outgoing FASB Chairman Russell G. Golden
In Brief For the last seven years, Russell G. Golden has served as FASB's chairman. During this time, and for the nine years previously, he…
As workplaces reopen, accountants and their clients and employers must be aware of the potential labor and employment law claims they may face related to…
In Brief Information security and cybersecurity have been major concerns of business managers for many years. The ongoing coronavirus (COVID-19) pandemic has introduced new challenges…
Textual Analysis for Risk Profiles from 10-K Filings
Evidence from Audit Opinions
In Brief Technology can be used by auditors to evaluate the risks presented by engagements. This article introduces a Natural Language Processing (NLP) approach to…
Machine learning is an increasingly familiar technology term that encompasses a broad range of applications. Machine learning can enable businesses to sift through large amounts…
Seven Years at the Forefront of Standards Setting
A Look Back from Outgoing FASB Chairman Russell G. Golden
In Brief For the last seven years, Russell G. Golden has served as FASB's chairman. During this time, and for the nine years previously, he…
CPAJ News Briefs
FASB, IASB News
FASB News Colleges, Universities Question Whether to Combine Tuition and Housing Fees Under New Revenue Rules As the not-for-profit sector prepares to adopt new revenue…
CPAJ News Briefs
FASB/PCAOB News
FASB News FASB, IASB to Share Information on Performance Reporting Projects On June 18, FASB will meet with the IASB at its London office for…
CPAJ News Briefs
FASB/IASB News
FASB News Details of New Lease Guidance Complicate Implementation Efforts At first blush, FASB’s new lease accounting standard sounds simple enough: companies must tally everything…
ICYMI | The PCAOB’s Proposed New Auditor’s Report
A Sneak Peek at What Lies Ahead
In May, the PCAOB issued a proposed standard, “The Auditor’s Report on an Audit of Financial Statements When the Auditor Expresses an Unqualified Opinion,” which,…
All right. Well, take care yourself. I guess that’s what you’re best, presence old master? A tremor in the Force. The last time felt it…
All right. Well, take care yourself. I guess that’s what you’re best, presence old master? A tremor in the Force. The last time felt it…
All right. Well, take care yourself. I guess that’s what you’re best, presence old master? A tremor in the Force. The last time felt it…
All right. Well, take care yourself. I guess that’s what you’re best, presence old master? A tremor in the Force. The last time felt it…
This month’s issue focuses on the coming year in accounting and taxation, as CPAs take stock of recent changes and prepare for their actual implementation.…