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Tags archive: Reporting

Home /Tag: Reporting
November 2019 Issue

The Application of Business Valuation Services in Financial Reporting, Tax Compliance, and Litigation

By  Frank Kiepura, CPA/ABV

December 2019 0

In Brief As CPAs continue to expand into providing financial and other advisory services, one area of interest is business valuation services. The author explains…

March 2018 Issue

ICYMI | Questioning the Effectiveness of Independent Audit Committees

Does the Current Regulatory Regime Improve Reporting Quality?

By  April Klein, PhD

September 2019 0

In Brief At the root of over a decade of regulation and best practices is the premise that the structure and independence of a company’s…

February 2018 Issue

ICYMI | The Audit Report Returns to Its Roots

An Historical Perspective on Critical Audit Matters

By  Howard B. Levy, CPA

September 2019 0

The evolution of the standard audit report has been slow and cautious over the past century. Most recently, in 2011, the AICPA's Auditing Standards Board…

August 2019 Issue

Modifications to Audit Reports that Do Not Affect the Audit Opinion

By  Howard B. Levy, CPA

September 2019 0

Circumstances requiring modifications to, or departures from, an unqualified auditor's opinion are described, together with appropriate guidance, in AU-C section 705, “Modifications to the Opinion…

August 2019 Issue

The Statement of Cash Flows Turns 30

Common Reporting Deficiencies and Recent Changes

By  James Schmutte and James Duncan, PhD, CPA

August 2019 0

This past year marked the 30th anniversary of the statement of cash flows as a required financial statement. FASB's efforts in developing the then-new standard…

August 2019 Issue

Opening Remarks: The Road to Better Financial Reporting

Reflections on Comparability and Convergence

By  Russell Golden

August 2019 0

About the Speakers Wesley Bricker serves as the chief accountant for the SEC's Office of the Chief Accountant (OCA). (Editor's note: Bricker left the SEC in…

August 2019 Issue

Opening Remarks: Aiming Toward the Future

Building Trust, Quality, and Confidence

By  Wesley Bricker

August 2019 0

About the Speakers Wesley Bricker serves as the chief accountant for the SEC's Office of the Chief Accountant (OCA). (Editor's note: Bricker left the SEC in…

July 2018 Issue

ICYMI | Using ESG Ratings to Build a Sustainability Investing Strategy

By  Silvia Romero, PhD, Agatha E. Jeffers, PhD, CPA, Beixin (Betsy) Lin, PhD, Frank Aquilino, CPA and Laurence DeGaetano, CPA

August 2019 0

In Brief Sustainability investing continues to grow in popularity, but the lack of standardization in sustainability reporting poses a challenge for investors wishing to maximize…

July 2019 Issue

XBRL Data Comparability

XBRL Data Comparability Current Use of Extensions and Opportunities for CPAs

By  Qianhua Ling, PhD, CPA (China, inactive), CMA and Zhenfeng Liu, PhD

August 2019 0

In 2004, the SEC initiated the “Interactive Data Voluntary Program,” which encouraged publicly traded companies to voluntarily submit SEC filings using the Extensible Business Reporting…

July 2019 Issue

Sustainability Reporting

By  Susan B. Anders, PhD, CPA/CGMA

August 2019 0

The disclosure of nonfinancial information took on an increased importance when the European Union issued Directive 2014/95/EU (http://bit.ly/305nwzg) concerning reporting of sustainability information by large…

July 2019 Issue

Liquidation Basis Accounting and Reporting

By  Howard B. Levy, CPA

July 2019 0

Until the issuance of Accounting Standards Update (ASU) 2013-07 [which introduced Accounting Standards Codification (ASC) 205-30 and amended other sections, primarily ASC 942-810, 960, 962,…

May 2019 Issue

Mastering Fiduciary Activity Reporting For Governments

An Explanation of GASB Statement 84

By  Craig D. Shoulders, PhD and Joseph P. Lakatos, JD, LLM, CPA, CFE

May 2019 0

In Brief GASB recently updated its guidance on the reporting of assets held by governments in a fiduciary capacity. While the clarification on how to…

March 2019 Issue

Leveraging Common Sense in Building an Effective ERM Program

By  Anthony S. Chan, CPA

March 2019 0

In Brief The risk of fraud or noncompliance with rules and regulations is ever present in the current business and legal environment. Managing this risk…

Featured

ICYMI | Auditors’ Increased Responsibilities Under the PCAOB’s New Audit Reporting Standards

Communicating Critical Audit Matters

By  Alan Reinstein, CPA, Gerald W. Hepp, CPA and Thomas R. Weirich, PhD, CPA

February 2019 0

In Brief For more than 70 years, the auditor's report has remained virtually the same, following a simple pass/fail template. Recent changes issued by the…

February 2018 Issue

ICYMI | CAM Vs. KAM: A Distinction without a Difference?

Making Judgments in Reporting Critical Audit Matters

By  Sridhar Ramamoorti, Barry Epstein and Eva K. Jermakowicz, PhD, CPA

February 2019 0

In Brief Since the last economic downturn, attention has turned to the auditor's report, which had remained largely unchanged for decades. In response to a…

July 2018 Issue

The Current State of Sustainability Reporting

A Work in Progress

By  Jill M. D'Aquila, PhD, CPA

July 2018 0

In Brief Sustainability investing continues to grow in popularity, but the lack of standardization in sustainability reporting poses a challenge for investors wishing to maximize…

July 2018 Issue

Mandatory Nonfinancial Reporting in the EU

Implications for U.S. CPAs

By  Jessica L. Weber, PhD, CPA, Sonja E. Pippin, PhD, CPA, Jannet Vreeland, PhD and Jeffrey A. Wong, Phd, CPA

July 2018 0

As a result of new regulation in the European Union (EU), in 2018 many companies will issue their first annual reports containing mandatory nonfinancial disclosures.…

Videos & Media

Sustainability Reporting Becomes the New Normal

An Interview With Tim Mohin

By  CPAJ Staff

July 2018 0

As part of our Voices of the Profession series, The CPA Journal speaks with Global Reporting Initiative CEO Tim Mohin about the most significant issues in sustainability…

July 2018 Issue

Using ESG Ratings to Build a Sustainability Investing Strategy

By  Silvia Romero, PhD, Agatha E. Jeffers, PhD, CPA, Beixin (Betsy) Lin, PhD, Frank Aquilino, CPA and Laurence DeGaetano, CPA

July 2018 0

In Brief Sustainability investing continues to grow in popularity, but the lack of standardization in sustainability reporting poses a challenge for investors wishing to maximize…

May 2018 Issue

Estate Basis Consistency Rules Create Uncertainty for Executors and Beneficiaries

By  Richard L. Russell Jr., JD, CPA and Richard L. Russell, JD, CPA

June 2018 0

Over the next 20 to 30 years, the United States is expected to experience one of the largest transfers of wealth in modern world history…

May 2018 Issue

Reporting on Audits Conducted Under Dual Standards

By  Howard B. Levy, CPA

May 2018 0

As noted by the PCAOB in its Release 2017-001: “there are situations in which an auditor may be required by law or regulation, or voluntarily…

Implementing ASU 2016-14 on the Presentation of Not-for-Profit Financial Statements Feature Articles

ICYMI | Implementing ASU 2016-14 on the Presentation of Not-for-Profit Financial Statements

Changes Aim to Provide More Relevant Information and Perspective

By  Robert A. Dyson, CPA and Travis Carey, CPA

April 2018 0

FASB's Accounting Standards Update (ASU) 2016-14, Presentation of Financial Statements of Not-for-Profit Entities, contains changes in reporting requirements that will significantly affect how nonprofits communicate…

April 2018 Issue

Using the New Reporting Requirements for Not-for-Profit Entities

By  Paul Copley, PhD, CPA and Loretta Manktelow, CPA

April 2018 0

In 2016, FASB issued ASU 2016-14, Presentation of Financial Statements of Not-for-Profit Entities, effective for fiscal years beginning after December 15, 2017. The standard is…

April 2018 Issue

Reissuing an Audit Report on Comparative Financial Statements after an Auditor Change

By  Howard B. Levy, CPA

April 2018 0

The June 2017 installment of this column covered “Reporting on Restatement Adjustments after an Auditor Change” (http://bit.ly/2pQMClB). This installment expands on that theme, providing guidance…

March 2018 Issue

Shaping Financial Reporting Across the Globe

The Journey to Rediscovering a Passion

By  Vincent Papa, PhD, CPA, FSA, CFA

April 2018 0

When I first enrolled for an undergraduate degree in electrical engineering at the University of Nairobi, Kenya, in 1987, I never would have envisioned a…

News & Views

The Decision Relevance of Financial Reporting

An Exclusive CPA Journal Panel Discussion

By  CPAJ Staff

March 2018 0

  In the past few years, three major accounting standards—revenue recognition, leases, and financial instruments—have been the subject of discussion and preparation for CPAs across…

News & Views

CPAJ News Briefs

FASB/IASB/GASB News

By  Thomson Reuters Checkpoint

March 2018 0

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,…

February 2018 Issue

Auditors’ Increased Responsibilities Under the PCAOB’s New Audit Reporting Standards

Communicating Critical Audit Matters

By  Alan Reinstein, CPA, Gerald W. Hepp, CPA and Thomas R. Weirich, PhD, CPA

February 2018 0

In Brief For more than 70 years, the auditor's report has remained virtually the same, following a simple pass/fail template. Recent changes issued by the…

News & Views

CPAJ News Briefs

FASB News

By  Thomson Reuters Checkpoint

February 2018 0

Technical Corrections for Hedge Accounting Standard Put on Hold At its February 14 meeting, FASB backed away from issuing a limited, technical correction for its…

February 2018 Issue

Accounting for Credit Losses Under ASU 2016-13

Anticipating the Impact on Reporting and Disclosure

By  Ariana Pinello, PhD, CPA, CIA and Ernest Lee Puschaver, CPA

February 2018 0

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…

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