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

The CPA Evolution Exam model, which became effective at the beginning of 2024, requires each candidate to pass three core exams and one specialized discipline exam selected by the candidate. More ...

The demands placed on CFOs and their related financial organizations are driven by the many hats that they wear in discharging their responsibilities. As summarized in our prior column, “The Five Hats ...

In January 2017, FASB issued Accounting Standards Update (ASU) 2017-04, Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment, which eliminated the calculation of ...

THE CPA JOURNAL EDITORIAL REVIEW BOARD David M. Barral Stewart Berger Warren Bergstein Robbie Bishop-Monroe William Bregman Rumbi Bwerinofa-Petrozzello John Castonguay Timothy Coville Stephen Ehrlich ...

Both FASB and the IASB recently issued exposure drafts related to supplier finance programs (SFP). The exposure drafts were issued in response to requests for greater transparency in financial ...

In Brief With new technologies come new forms of assets and, eventually, new rules for the regulation and taxation of such assets. Beyond the current… ...

The use of non-GAAP measures (i.e., pro forma earnings) is a widespread phenomenon. More than 97% of Standard & Poor’s (S&P) 500 elected to disclose non-GAAP metrics in 2017 (Audit Analytics, ...

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

When several corporations are consolidated into one large group, the parent company deals directly with the IRS, paying the tax liabilities for the group and receiving any refunds. Tax allocation ...

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 ...