IN BRIEF Recent climate disclosure mandates in Europe and California may have a significant impact on sustainability ...

Foreign financial accounts serve many entirely legitimate purposes for US taxpayers, from diversification of wealth to the ...

Distributions made from a retirement account are generally taxed as ordinary income, but net unrealized appreciation (NUA) is a special rule applicable for employer securities distributed from a ...

Around the turn of the century, the largest public accounting firms featured fast-growing advisory services divisions. Tension within these firms, and stricter regulations in the form of the ...

The past year has seen inflation reach levels not seen since the early 1980s. Under the circumstances, it can be instructive to revisit the accounting guidance developed for companies to report in ...

The audit professionals that were interviewed are employed by various types of institutions—both for-profit and nonprofit firms of varying sizes in different industries. The auditors included range ...

When the Tax Cuts and Jobs Act (TCJA) was enacted, it created, for the 2018 through 2025 tax years, an itemized deduction “cap” that limited the amount of state and local taxes an individual could ...

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 ...

Professional independence is required for CPAs performing financial statement attest services, whether the client company is privately held or publicly traded. In both circumstances, CPAs are ...

New York State and New York City’s corporate net operating loss carryover rules have always been an area of confusion, and they have been made even more complicated by the enactment of recent ...

One contributing factor to the decline in CPA candidates is the perception that the certification process is overly demanding. Overall, practice is governed by boards of accountancy in 55 ...