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 ...

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

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

Budgeting is important to any organization, but particularly for nonprofits. Given the unique challenges that nonprofits face in the current environment of macroeconomic and regulatory uncertainty, it ...

In Brief Over the years, numerous studies have revealed racial disparities in hiring practices, specifically detailing the favoring of White over Black applicants by employers.… ...

IN BRIEF ASU 2023-05 addresses the accounting by a joint venture for the initial contribution of nonmonetary and monetary assets to the undertaking. This article… ...

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 ...

Over the last several years, private equity (PE)-backed companies have become increasingly active within the accounting field. Many CPA firm partners and leaders have received calls from interested PE ...

In the course of fulfilling its mandate to protect investors, the PCAOB has conducted inspections of public firm audits and collected this data in order to analyze whether audit deficiencies (and, ...

Robotic Process Automation (RPA) continues to proliferate in organizations. Responding to governance challenges and impacts on financial reporting, the Committee of Sponsoring Organizations of the ...

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 ...

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, ...