IN BRIEF 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 ...

MARINER Selected Statistics The war in Iran has now been ongoing for five weeks. Brent crude spot prices surged to ...

While many articles have discussed the declining pool of accounting graduates, relatively few have investigated whether this causes a disproportionate impact between the different fields of accounting ...

It has been nearly two decades since the creation of the PCAOB in response to a series of major financial reporting failures. But today, some have questioned the agency’s raison d’etre. The author ...

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 ...

Filing a joint return is generally seen as the default option for married couples. When one spouse neglects to actually sign the return, however, a host of troubles can ensue. The authors detail the ...

The well-known fraud triangle framework includes three distinct components—perceived pressures, perceived opportunities, and rationalizations—but until recently very little was known about ...

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 ...

Certain accounting standards are specific to donations, contributions, and grants from governments and foundations and are uniquely applicable to not-for-profit organizations. Nonprofits do not exist ...

Since the last economic downturn, attention has turned to the auditor’s report, which had remained largely unchanged for decades. In response to a perceived desire for more information and judgment ...

The term “passive foreign investment company” (PFIC) suggests a sophisticated, highly specialized non-U.S. investment medium that the majority of U.S. persons probably would not select as an ...