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

The accounting profession has long prided itself on its commitment to ethics. For academia, this makes the question of how to teach individuals to become ethical professionals of utmost importance. In ...

Internal Revenue Code (IRC) section 7216 and its lengthy regulations govern when a tax return preparer may disclose or use a taxpayer’s tax return information without first obtaining the taxpayer’s ...

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

In April 2014, FASB issued Accounting Standards Update (ASU) 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity, which is effective for fiscal years ...

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 ...

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 ...

FASB’s efforts to expand the use of fair value accounting have rekindled the debate on the costs and benefits of the approach. Proponents argue that expanding fair value accounting rules will make ...

As more individual taxpayers have contributed cyber assets to 501(c)(3) not-for-profit organizations, the tax treatment of these contributions has come to the forefront. When individuals donate ...

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 ...

Financial statement fraud is often thought of as an “inside job,” something perpetrated by the management or employees of the organization being audited. Occasionally, however, fraud is perpetrated by ...