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 ...

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 ...

Although emerging technologies have disrupted the entire accounting ecosystem in recent years, the education realm has been one of the areas hardest hit. Declining enrollments and decreased numbers 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 ...

Trusts enable individuals to ensure the financial health of loved ones long after they are gone, but only if they are properly set up and administered. Trustees bear a great personal responsibility in ...

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 ...