Artificial intelligence (AI) has fundamentally altered the landscape of introductory accounting instruction. For principles ...

If a taxpayer lacks documentation to support items on a tax return, preparers may use estimates, following an approach long known as the “Cohan rule.” Although the rule remains useful for tax ...

Artificial intelligence (AI) is forcing the accounting profession to ask hard questions, like: What work will AI perform?

There has been a recent decline in accountants, and this sharp decrease is the result of more than normal retirements. It is also due to young and midcareer professionals shifting careers into new ...

Artificial intelligence (AI) has fundamentally altered the landscape of introductory accounting instruction. For principles ...

The challenge of attracting students to the profession is not uniform across all areas of practice. This article presents the result of the authors’ project to bring students into real world ...

Artificial intelligence (AI) is already transforming accounting practice and education; CPAs need to learn how to adapt in this new environment and capitalize upon the opportunities it presents. This ...

Minimizing and mitigating fraud risks has evolved over the years, and this progress can be seen in the pages of The CPA Journal itself. The authors of the current article revisit a number of previous ...

Contrary to what many think, the typical audits of financial statements do entail certain responsibility for the detection of fraud. The author examines the differences between the conventional audit ...

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… ...

Concerns regarding litigation over excessive 401(k) plan fees and conflicts of interest dominate the current thinking of plan fiduciaries. More plan sponsors are engaged in plan cost reviews to ...

The recent U.S. inflation measures show that high prices have not departed yet—and they continue to fuel an affordability crisis in critical sectors like healthcare, housing, food, and education. For ...