A company's long-term liabilities, such as bonds payable and finance leases, arise from its future cash flow obligations.

Audit and tax firms have long understood that the traditional services for which they are being engaged (e.g., conducting an ...

Many corporate executives continually question and analyze their business practices to achieve their goals more effectively ...

While the audit process generally has an overwhelming connotation, there are several steps that a not-for-profit (NFP) organization can take to make the audit process much smoother year over year.

Currently, in order to be licensed, CPA candidates must earn a bachelor’s degree (usually 120 hours), earn 30 hours beyond the bachelor’s degree (which may entail completing a master’s degree), and ...

Impressions of the 150-Hour Licensure Requirement In the survey, participants were asked: “What is your impression of the ‘150-hour’ requirement for CPA licensure?” Responses for the statistical ...

How U.S. Taxation Applies to International Students To determine how international students may be taxed in the United States, a review of a few basic definitions is needed. For U.S. tax purposes, ...

A Different Way to Think About Fraud Risks The authors believe that the fraud triangle could be enhanced to improve both fraud prevention and detection by considering a fourth element. In addition to ...

The rule violated was the SEC’s general standard that recognizes an auditor must be independent in fact and appearance. Auditors might fail to meet this standard and impair independence even if their ...

The accounting profession has long prided itself on its commitment to ethics. For academia, this makes the question of how to teach individuals to become ethical professionals of utmost importance. In ...