In Brief Over the years, numerous studies have revealed racial disparities in hiring practices, specifically detailing the favoring of White over Black applicants by employers. By conducting a blind study of callbacks for eight fictitious applicants of various races, genders, and resume qualities, a recent study found that although White applicants still held a significant […] The post Diversity, Equity, and Inclusion Hiring in Public Accounting appeared first on The CPA Journal.| The CPA Journal
In Brief The Boeing case is a cautionary tale of what can go wrong when a company fails to develop and implement sound internal quality controls that protect operational processes and encourage a culture of safety. At Boeing, whistleblowers reported problems with operating processes that were ignored by management and weren’t always reported to the […] The post The Story of Boeing’s Failed Corporate Culture appeared first on The CPA Journal.| The CPA Journal
In Brief Operational controls and their impact on the financial statements represent a significant challenge for management accountants. The authors present a case study of an industrial manufacturer and its external auditors. They describe the company’s five “gateways” of inventory control and their critical importance to materials management and the annual inventory check. * * […] The post The Five Gateways of Inventory Control appeared first on The CPA Journal.| The CPA Journal
Note from Column Editor Tracey J. Niemotko: Jack Woods is currently a senior at Marist University, pursuing a bachelor's degree in professional| The CPA Journal
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 nonprofits delivering vital services to struggling individuals, families, and communities this economic reality pushes them into a financial vise of higher operating costs and decreased […] The post How Nonprofits Can Adapt Their Operational and Financial Strategies in Today’s Economic Envi...| The CPA Journal
Audit and tax firms have long understood that the traditional services for which they are being engaged (e.g., conducting an independent audit, preparing and filing of a Form 990, or providing agreed upon procedures) are dependent on the skills, knowledge, and expertise of the internal finance teams of their clients. Many organizations may not have […] The post The Benefits of a CAS Practice Specializing in Not-for-Profit Organizations appeared first on The CPA Journal.| The CPA Journal
Amid the flurry of proposed rulemakings that were published in the month prior to President Trump's inauguration, the Treasury Department published the| The CPA Journal
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. This article will review what happens in the external audit: how NFPs can plan, document, and prepare for the audit, and what steps NFPs can […] The post Tips for a Smooth Nonprofit Audit Process appeared first on The CPA Journal.| The CPA Journal
Amid the flurry of proposed rulemakings that were published in the month prior to President Trump’s inauguration, the Treasury Department published the long-awaited proposed amendments to 31 CFR Part 10, better known as Circular 230. Broadly speaking, Circular 230 is the document that sets forth the standards for professionals who practice before the IRS. While […] The post Treasury Issues Proposed Regulations Amending Circular 230 appeared first on The CPA Journal.| The CPA Journal
In Brief Over the years, numerous studies have revealed racial disparities in hiring practices, specifically detailing the favoring of White over Black| The CPA Journal
In Brief The Boeing case is a cautionary tale of what can go wrong when a company fails to develop and implement sound internal quality controls that| The CPA Journal
In Brief The Boeing case is a cautionary tale of what can go wrong when a company fails to develop and implement sound internal quality controls that| The CPA Journal
Many CPAs who represent notfor-profit clients and serve on not-for-profit boards may be interested in a web page created by the National Council of Nonprofits, “The Impact of Recent Executive Orders on Nonprofits” (https://tinyurl.com/3spze3t8). This collection of resources includes a chart of the most relevant executive orders, checklists for conducting a risk assessment for federal […] The post Nonprofit Accounting Resources appeared first on The CPA Journal.| The CPA Journal
In Brief The Boeing case is a cautionary tale of what can go wrong when a company fails to develop and implement sound internal quality controls that| The CPA Journal
Over the past few years, a consensus has emerged that the accounting field is facing a significant talent pipeline challenge and action is needed to| The CPA Journal
Audit and tax firms have long understood that the traditional services for which they are being engaged (e.g., conducting an independent audit, preparing and filing of a Form 990, or providing agreed upon procedures) are dependent on the skills, knowledge, and expertise of the internal finance teams of their clients. Many organizations may not have […] The post The Benefits of a CAS Practice Specializing in Not-for-Profit Organizations appeared first on The CPA Journal.| The CPA Journal
Many corporate executives continually question and analyze their business practices to achieve their goals more effectively and efficiently. Not surprisingly, cybersecurity remains an item of concern. Most executives recognize that extensive investments for managing cyber risks must continue, but wonder if opportunities for efficiencies can coexist with the need to maintain tolerable risk management levels. […] The post Metrics or Maturities appeared first on The CPA Journal.| The CPA Journal
A company’s long-term liabilities, such as bonds payable and finance leases, arise from its future cash flow obligations. These liabilities are often initially recognized on the date that the contracts are signed or the cash flows are committed. Under certain circumstances, however, companies may need to adjust the start dates in response to the nature […] The post Accounting for Liabilities Arising Between Cash Flow Dates appeared first on The CPA Journal.| The CPA Journal
Note from Column Editor Tracey J. Niemotko: Jack Woods is currently a senior at Marist University, pursuing a bachelor’s degree in professional accountancy. He is the founder and president of the Accounting Club, which established the first student chapter of the NYCPA and a student chapter of the ACFE. He also serves as the student […] The post Sustainability and Goodwill from a Student’s Perspective appeared first on The CPA Journal.| The CPA Journal
Transcranial magnetic stimulation has been widely approved for the treatment of many neurological conditions, most notably depression, and the scope for new applications is vast. Jim Banks looks at the potential for TMS to treat chronic pain, cognitive decline, bipolar disorder, and much more.| IEEE Pulse