Audit and tax firms have long understood that the traditional services for which they are being engaged (e.g., conducting an ...

Many corporate executives continually question and analyze their business practices to achieve their goals more effectively ...

A company's long-term liabilities, such as bonds payable and finance leases, arise from its future cash flow obligations.

Decentralized finance (DeFi) is an emerging peer-to-peer system for conducting financial activity on the blockchain without ...

Note from Column Editor Tracey J. Niemotko: Jack Woods is currently a senior at Marist University, pursuing a bachelor’s degree in professional accountancy.He is the founder and president of the ...

For non-U.S. citizens, the classification between resident and non-resident alien status can have a signifi-cant impact on the taxation of income earned both in the United States and abroad.

Graduate versus Undergraduate Path. Proponents of the 150-hour requirement have argued that the additional education strengthens the competency of accounting students, better preparing them for the ...

Ongoing Preparation Throughout the Closing Process. A key component of the ongoing planning, documentation, and preparing for the audit is having a consistent and “competent monthly closing”—and the ...

One of the most challenging issues facing leaders in the public accounting profession is the high rate of employee turnover. A recent survey finds that turnover in large CPA firms (those with revenues ...

What the Fraud Diamond Adds. The Fraud Diamond was based on Wolfe’s experiences as a fraud investigator and his observation that, despite fraud being a “people problem,” the prevailing fraud model did ...