In Brief The recent surge in inflation has led managers to reassess the best inventory valuation methods—first-in-first-out ...

While the audit process generally has an overwhelming connotation, there are several steps that a not-for-profit (NFP) ...

CPA firms are constantly confronted by regulatory, compliance, and ethics issues in the face of an unpredictable and changing ...

In Brief Operational controls and their impact on the financial statements represent a significant challenge for management ...

Certain accounting standards are specific to donations, contributions, and grants from governments and foundations and are ...

CPAs need to be aware of current tax developments in key states to properly advise taxpayers doing business in multiple ...

On April 22, 2024, the Office of Management and Budget (OMB) released significant revisions to Title 2 of the Code of Federal ...

Editor’s Note: The following article by David T. Wolfe and Dana R. Hermanson was originally published in the December 2004 CPA Journal and appeared online at http ...

Changing educational requirements to sit for the CPA Exam are throwing the future of accounting education into doubt. In the years since the 150-hour requirement has been established, it is ...

The proliferation of technology throughout modern business has created novel opportunities for financial statement fraud. But technology tools can also be leveraged to help detect and prevent fraud.