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 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 ...

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

Auditors bear many responsibilities to their clients, but they also have a duty to uphold the public trust. The negative actions of clients can sometimes rebound on auditors, damaging that reputation; ...

Just as the business world has changed in the past 90 years, so has the world of not-for-profit (NFP) organizations. NFPs have grown in size and scope, creating pressure from potential donors for ...

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

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… ...

The federal research and development tax credit can be a boon to businesses, but as with any portion of the tax code, the rules surrounding it are complex. The IRS recently released a concept unit and ...

For decades, the accounting talent shortage in the United States has been a serious concern for academicians, policymakers, and the profession. One solution to what has been termed the pipeline ...

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 ...

Joint ventures have been a popular vehicle for businesses to work together to share competencies and knowledge to reach a mutually beneficial outcome. To resolve the diversity in practice for the ...