After years of deliberation and comment, FASB’s long-awaited standard on accounting for credit losses, in the form of ASU 2016-13, was finally issued in 2016 and became effective in 2020. The ...

What is audit quality? This is not meant as a philosophical question, but rather as one that can be answered through definitions and evidence drawn from practice, audit committees, regulators, and ...

FASB’s recent guidance on accounting joint ventures, ASU 2023-5, is intended to resolve diversity in practice and simplify the accounting for these entities. But classifying a newly created entity as ...

The recent multibillion-dollar investment by private equity in a major CPA firm reminded me of the concerns that I raised in an article that I… ...

Imagine this scenario: in a tax planning meeting with a client, a CPA identifies a great opportunity to reduce their tax liability—perhaps through a retirement… ...

What is audit quality? This is not meant as a philosophical question, but rather as one that can be answered through definitions and evidence drawn… ...

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 ...

Identify, protect, detect, respond, and recover: these words will be familiar to everyone who has attended a cyber-security-related update presentation at their organization, discussed cybersecurity… ...

Like it or not, private equity is quickly changing the landscape of the public accounting profession. Some observers estimate that in five years, 20% of… ...

Real gross domestic product (GDP) increased at an annual rate of 4.4% in the third quarter of 2025 (July–September), according to the updated estimate released by the US Bureau of Economic Analysis.