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

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

Certain accounting standards are specific to donations, contributions, and grants from governments and foundations and are ...

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 ...

The classic hot topics of sustainability are climate-related, focusing on corporate approaches to a reduced carbon footprint ...

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

The use of Special Purpose Acquisition Companies (SPAC) as a means of bringing new entities to the public markets became increasingly popular in 2020 and 2021, leading to increased scrutiny from the ...

In 2021, the IRS announced an enforcement campaign targeting high-income U.S. citizens who were purportedly claiming tax exemptions through Puerto Rico’s Act 22 and Act 20 (combined as Act 60 in 2019) ...

The use of value pricing has become very popular in certain sectors in the past few years. But not many CPA firms have implemented this pricing methodology in their practices. Accountants have ...

The accounting profession is facing a major setback. There has been a notable drop in students pursuing accounting degrees and sitting for the CPA exam (AICPA, 2023 Trends Report, ...