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 ...

Ongoing Planning, Documenting, and Preparing for Your Audit Audits tend to run smoother when NFP organizations put effort into preparing for them. This includes developing an audit plan throughout the ...

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 ...

As shown in Panel A of Exhibit 3, findings indicate that impressions of the 150-hour requirement do not appear to strongly correlate with one’s license status, years of experience, or professional ...

Example. On September 1, 2023, ABC Company issues 5-year bonds, dated June 30, 2023, for $968,805. These bonds have a par value of $1,000,000 and an annual coupon rate of 8%, with semiannual interest ...

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, ...

The Internal Revenue Code and the Bank Secrecy Act (BSA) require that persons engaged in a trade or business file Form 8300, Report of Cash Payments Over $10,000 Received in a Trade or Business, any ...

Many studies suggest fraud is more likely to occur when someone has an incentive (pressure) to commit fraud, weak controls or oversight provide an opportunity for the person to commit fraud, and the ...

Goals of Accounting Ethics Education Shortly thereafter, Loeb wrote his seminal paper on what the goals of accounting ethics education should be (Stephen E. Loeb, “Teaching Students Accounting Ethics: ...

The Evolution Project is a bold endeavor not seen since the 150-credit requirement was put in place and when the CPA exam moved from the paper-and-pencil to computer-based format. This article ...