Risk managers are continuously reminded by regulatory bodies and framework developers of the importance of maintaining an ...

The AICPA Code of Professional Conduct acknowledges that CPAs in both public practice and business may be faced with conflicts of interest when performing professional services. However, specific ...

It has been nearly two decades since the creation of the PCAOB in response to a series of major financial reporting failures. But today, some have questioned the agency’s raison d’etre. The author ...

It has been suggested that the recent introduction of Critical Audit Matters (CAM) to audit reports represents the most significant change to reporting in decades. This article revisits the authors’ ...

While the use of sustainability reporting has grown in the United States in the absence of a legal mandate and as a result of demand from stakeholders, the lack of a nationwide legal mandate has ...

The history of modern auditing coincides conveniently with the history of The CPA Journal. The 1930s not only saw the NYSSCPA begin publication of what would become the Journal—it also witnessed the ...

What is audit quality? This is not meant as a philosophical question, but rather as one that can be answered through definitions and evidence drawn from practice, audit committees, regulators, and ...

Editor’s note: The following is a supplement to the author’s “Depreciable Asset Lives: The Forgotten Estimate in GAAP,” published in the September 2016 CPA Journal. Composite depreciation is a method ...

On Nov. 4, 2024, FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40). Public business entities must implement this standard ...

Thousands of CPAs work in the not-for-profit sector, and thousands more volunteer as members of the governing boards of not-for-profit organizations. There is little in the academic background or ...

Not-for-profit organizations rely on a strong financial infrastructure in order to support their ongoing operations, ensure ...

I did not set out to build a career in international development. Like many CPAs, I began with a simple and familiar ambition: to join a profession grounded in integrity, discipline, and ...