In Brief CPAs are charged with protecting the public from financial and corporate fraud; sometimes, that means blowing the whistle on clients or employers who…
Selecting Modified Retrospective Transition for Adopting ASC 606 and Related Standards
Minimum Disclosure Requirements and Management Options
The deadline for private companies to adopt Accounting Standards Codification (ASC) Topic 606, “Revenue from Contracts with Customers,” is fast approaching. This article contains a…
We enjoyed reading Catherine R. Allen and David M. Nair's article in the March 2019 The CPA Journal, “Disclosure of Noncompliance with Laws and Regulations: What Whistleblower…
Risks and Rewards of Financial Disclosure on Twitter
What CPAs and Management Should Know
In Brief Twitter has become an important distribution channel, but using the social media platform presents unique challenges. The authors examine the current regulatory environment…
ICYMI | Overcoming Disclosure Overload and Achieving Greater Disclosure Effectiveness
A Status Report
Although still in the proposal stage, there has been substantial movement by both FASB and the SEC on major issues discussed by this author in…
Disclosure of Noncompliance with Laws and Regulations
What Whistleblower Protections Exist for CPAs?
In Brief CPAs are charged with protecting the public from financial and corporate fraud; sometimes, that means blowing the whistle on clients or employers who…
The Benefits of Internal Audit Disclosures
A Review of Accounting Research
Traditionally, the key parties involved in maintaining effective corporate governance have included company management, the board of directors (including the audit committee), and the external…
This article is an update to the author's auditing column covering the same material in the proposal stage, published in the August 2018 issue of The…
Table 1 Regression (1) Bloomberg ESG Disclosure = RobecoSAM + Control Variables Model Unstandardized Coefficients Standardized Coefficients T Sig. B Std. Error Beta 1 (Constant)…
Sustainability Assurance Services
From a Niche to the Mainstream
The practice of sustainability reporting—the regular reporting of environmental, social, and governance (ESG) data—is quickly becoming the norm rather than the exception for global companies.…
Tax Abatements Under GASB Statement 77
Exploring the Effects of the New Disclosure Rules
Many state and local governmental units have entered into agreements with business entities that offer tax incentives and tax breaks encouraging the companies to establish…
Although still in the proposal stage, there has been substantial movement by both FASB and the SEC on major issues discussed by this author in…
CPAJ News Briefs
FASB/GASB News
FASB News Fair Value Disclosure Rules Scaled Back On March 7, the FASB published an update to U.S. GAAP to improve the information businesses disclose…
CPAJ News Briefs
FASB/IASB/GASB News
FASB News Streamlined Pension Disclosure Rules Move Forward Two years after releasing a proposal to improve the disclosure requirements for pensions and other postretirement benefits,…
Accounting for Credit Losses Under ASU 2016-13
Anticipating the Impact on Reporting and Disclosure
The method used in determining the appropriateness of an allowance for credit losses (ACL) has been a challenging financial reporting issue for decades. The 2008…
Our Greatest Hits | Income Taxes in the Cash Flow Statement
From The CPA Journal Archives
"Our Greatest Hits" is an effort to show our readers the most popular - and still avidly read - articles from our archives. This article…
Tax & Accounting Update
FASB/SEC News
Tax & Accounting Update is provided by Thomson Reuters and based on material published on Checkpoint, its online news and research platform. The Update is…
“The only function of economic forecasting is to make astrology look respectable.” —John Kenneth Galbraith “Economists are about as useful as astrologers in predicting the…