On April 22, 2024, the Office of Management and Budget (OMB) released significant revisions to Title 2 of the Code of Federal ...

In Brief Operational controls and their impact on the financial statements represent a significant challenge for management ...

CPAs need to be aware of current tax developments in key states to properly advise taxpayers doing business in multiple ...

CPA firms are constantly confronted by regulatory, compliance, and ethics issues in the face of an unpredictable and changing ...

The recent U.S. inflation measures show that high prices have not departed yet—and they continue to fuel an affordability ...

For many years, the CPA profession has faced a serious challenge: the accounting pipeline is narrowing, with fewer students ...

Given the recent challenges in finding and retaining high quality employees, public accounting firms have had to ask many of ...

The well-known fraud triangle framework includes three distinct components—perceived pressures, perceived opportunities, and rationalizations—but until recently very little was known about ...

The recent Supreme Court decision in South Dakota v. Wayfair will expand retailers’ responsibilities to collect sales taxes on out-of-state purchases. Although the Court’s rationale was that ...

With the popularity of and increasing reliance on data analytics to drive strategic business initiatives and achieve organizational objectives, the accounting profession’s interest in safeguarding ...

The debate over how well the accounting curriculum in the United States serves the needs of both students and practitioners continues unabated. A key focus remains on how well students are actually ...

As the United States becomes more diverse, ethnically and otherwise, the pressure on companies to reflect that diversity through their hiring practices has grown. But diversity—and its sibling, ...