COSO Issues Guidance on Robotic Process Automation - The CPA Journal
Robotic Process Automation (RPA) continues to proliferate in organizations. Responding to governance challenges and impacts on financial reporting, the| The CPA Journal
July/August 2025 | The CPA Journal
Everyone loves a great comeback and the accounting profession is having one. The profession is evolving, and its perceived decline could not be further from reality. At the Lubin School of Business at Pace University (this author’s institution and home to one of the oldest accounting programs in New York City) there has been a […] The post The Accounting Comeback appeared first on The CPA Journal.| The CPA Journal
In Brief 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. If the decline in graduates has a greater impact on a single field, as opposed to a broad-based decline, this provides some insight into the root […] The post The Disproportionate Effects of Declining Interest Within Different Accounting Fields appeared first on The CPA Journal.| The CPA Journal
Proving one’s ownership of cryptocurrency is relatively simple: Possession of a private key, regardless of how it was obtained, entitles its possessor to full control of the cryptocurrency. Unlike, for example, a car or a house, there is no certificate of title or deed that one must present before disposing of cryptocurrency. This possession model […] The post Ownership Without Intermediaries appeared first on The CPA Journal.| The CPA Journal
The fall months always feel like a reset to me. For the profession, it may signify the start or end of another busy season cycle. For students, it marks the start of a new school year. But this year, “back to school” has a deeper meaning in New York State: we are poised to open […] The post Opening the Door Wide appeared first on The CPA Journal.| The CPA Journal
In Brief The recently enacted H.R. 1, the so-called One Big Beautiful Bill Act (OBBBA), extends many of the provisions of the Tax Cuts and Jobs Act of 2017 (TCJA) that were due to sunset at the end of this year. This will give individual and business taxpayers a greater sense of certainty, and some […] The post The State of US Taxation and its Fiscal Trajectory appeared first on The CPA Journal.| The CPA Journal
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 plan. The client then turns to their investment advisor to establish the account, expecting a seamless handoff. But instead of handling it, the advisor pushes the responsibility back onto the […] The post Getting Rewarded for Serving Clients appeared first on The CPA Journal.| The CPA Journal
Robotic Process Automation (RPA) continues to proliferate in organizations. Responding to governance challenges and impacts on financial reporting, the| The CPA Journal
One hundred years ago, an enterprising, bright, savvy, but uneducated young Polish immigrant started a modest business that would eventually grow to| The CPA Journal
Can the users of financial statements and annual reports rely upon the charts in them for accuracy? A sample of 50 public companies’ yearly reports collected by the author found that 86% had at least one broken chart. Even worse, these are just the errors discovered by an external party; how many other issues remain […] The post The Danger of Bad Charts appeared first on The CPA Journal.| The CPA Journal
Editor’s Note: This article is the first of a series in a new column, Corporate Governance Corner, exploring corporate governance issues and the role CPAs play as trusted advisors to management. CPAs, whether working for public accounting firms or in industry, are in a unique position to recognize and communicate to business leaders that good governance […] The post The Ongoing Evolution of Organizational Governance appeared first on The CPA Journal.| The CPA Journal
In Brief The rising popularity of artificial intelligence (AI) has made many CPAs feel unsure about the ways in which their profession may be affected. There are already some tedious tasks that AI can help humans complete, such as summarizing longer documents for ease of reading. As AI technology improves, many professionals are looking for […] The post How Artificial Intelligence May Impact the Accounting Profession appeared first on The CPA Journal.| The CPA Journal
Column Editor’s Note: This article is the first in a series that will spotlight academics detailing their experience and research in the field of accounting and DEI across different, and sometimes familiar, spaces. This article features noted scholar Dr. Sedzani Musundwa, winner of the Private and Public Sector Academic of the Year Award for her dedication […] The post In Times Like These appeared first on The CPA Journal.| The CPA Journal
The U.S. Supreme Court’s landmark decision in South Dakota v. Wayfair, Inc. (138 S. Ct. 2080, 2018) overturned years of precedent that had precluded states from imposing sales taxes on sellers who derived sales from a state but had no physical presence there (e.g., payroll or property). Today, the impact of Wayfair has reached far beyond sales […] The post How Wayfair’s Economic Nexus Has Redefined Business Tax Obligations appeared first on The CPA Journal.| The CPA Journal
In Brief Of the many kinds of technologies that professionals have encountered in recent years, artificial intelligence (AI) presents perhaps the greatest challenge. CPAs that do not become comfortable with AI and integrate it into their toolkit risk falling behind the technology curve. This article aims to demystify the AI concept for accountants and provide […] The post Strategies for CPAs to Become Artificial Intelligence (AI) Savvy appeared first on The CPA Journal.| The CPA Journal
There has been growing pressure—from investors, from the Financial Stability Board (FSB), and from the International Organization of Securities| The CPA Journal
The current technological transformation in accounting and taxation shows that “companies have a large appetite for increasing complex analytics, even| The CPA Journal
Commentary The pace of economic growth has been gradually slowing down since the lively pace of summer 2023. In fact, some predicted recession for the first half of 2025 based on the uncertainty of government tariff policy. While the first quarter of this year was weak, the second quarter turned in a solid 3% growth. […] The post Forte Capital’s Selected Statistics appeared first on The CPA Journal.| The CPA Journal
Decentralized finance (DeFi) is an emerging peer-to-peer system for conducting financial activity on the blockchain without the need for third-party intermediaries or financial institutions. Although still in its infancy, DeFi activity has increased exponentially over the past few years. Unlike centralized exchanges, such as Binance and Coinbase, DeFi protocols are typically barebones, if not entirely […] The post Demystifying ‘DeFi’ appeared first on The CPA Journal.| The CPA Journal
Robotic Process Automation (RPA) continues to proliferate in organizations. Responding to governance challenges and impacts on financial reporting, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) recently issued a guidance publication, “Achieving Effective Internal Control Over Robotic Process Automation.” Per the press release accompanying the guidance’s issuance, it “presents an RPA governance framework […] The post COSO Issues Guidance on Robotic Proce...| The CPA Journal
The 23rd Annual Financial Reporting Conference, hosted by Baruch College, New York, N.Y., on May 1, 2025, brought regulators and standards setters together with financial statement preparers and users to discuss emerging issues affecting the accounting profession. The conference began with opening remarks from Richard Jones, FASB Chair, who stressed that even as the board […] The post A Conversation with PCAOB Chair Erica Williams appeared first on The CPA Journal.| The CPA Journal
In today’s data-rich environment, business are always looking for a way to capitalize on available data for new insights and increased efficiencies. Given the escalating volumes of data and the increasing intricacy of financial transactions, Python serves as a robust and scalable platform for CPAs to automate repetitive tasks, manage extensive datasets, and develop customized […] The post Automating Data Analysis with Python Dashboards appeared first on The CPA Journal.| The CPA Journal
The discussion around diversity, equity, and inclusion (DEI) initiatives intensified following the death of George Floyd in 2020, prompting more corporations to invest in DEI programs. Recently, President Trump’s Executive Order 14173, “Ending Illegal Discrimination and Restoring Merit-Based Opportunity,” has reignited debate surrounding DEI by questioning the fairness and necessity of affirmative action policies and […] The post Are Corporate DEI Efforts Sustainable in Today’s Envi...| The CPA Journal
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 plan. The client then turns to their investment advisor to establish the account, expecting a seamless handoff. But instead of handling it, the advisor pushes the responsibility back onto the […] The post Getting Rewarded for Serving Clients appeared first on The CPA Journal.| The CPA Journal
Column Editor’s Note: This article is the first in a series that will spotlight academics detailing their experience and research in the field of accounting and DEI across different, and sometimes familiar, spaces. This article features noted scholar Dr. Sedzani Musundwa, winner of the Private and Public Sector Academic of the Year Award for her dedication […] The post In Times Like These appeared first on The CPA Journal.| The CPA Journal
Can the users of financial statements and annual reports rely upon the charts in them for accuracy? A sample of 50 public companies’ yearly reports collected by the author found that 86% had at least one broken chart. Even worse, these are just the errors discovered by an external party; how many other issues remain […] The post The Danger of Bad Charts appeared first on The CPA Journal.| The CPA Journal
Editor's Note: This article is the first of a series in a new column, Corporate Governance Corner, exploring corporate governance issues and the role CPAs| The CPA Journal
In Brief The rising popularity of artificial intelligence (AI) has made many CPAs feel unsure about the ways in which their profession may be affected. There are already some tedious tasks that AI can help humans complete, such as summarizing longer documents for ease of reading. As AI technology improves, many professionals are looking for […] The post How Artificial Intelligence May Impact the Accounting Profession appeared first on The CPA Journal.| The CPA Journal
The U.S. Supreme Court’s landmark decision in South Dakota v. Wayfair, Inc. (138 S. Ct. 2080, 2018) overturned years of precedent that had precluded states from imposing sales taxes on sellers who derived sales from a state but had no physical presence there (e.g., payroll or property). Today, the impact of Wayfair has reached far beyond sales […] The post How Wayfair’s Economic Nexus Has Redefined Business Tax Obligations appeared first on The CPA Journal.| The CPA Journal
In Brief Of the many kinds of technologies that professionals have encountered in recent years, artificial intelligence (AI) presents perhaps the greatest challenge. CPAs that do not become comfortable with AI and integrate it into their toolkit risk falling behind the technology curve. This article aims to demystify the AI concept for accountants and provide […] The post Strategies for CPAs to Become Artificial Intelligence (AI) Savvy appeared first on The CPA Journal.| The CPA Journal
The accounting profession stands at an inflection point. We’re facing both a generational pipeline crisis and an accelerating wave of technological disruption. Emerging technologies—artificial intelligence (AI) in particular—has captured the profession’s attention, for good reason. While some headlines predict AI will render traditional accounting roles obsolete, the reality is far more nuanced, and far more […] The post Meeting the Moment appeared first on The CPA Journal.| The CPA Journal
In Brief The SEC’s new cybersecurity rules require public companies to promptly disclose cybersecurity incidents and detail their risk management strategies. These rules mandate reporting significant cyber incidents within four business days and providing updates on previously reported incidents. They also require disclosures about risk management processes, impacts on business strategy, and board oversight roles. […] The post The SEC Finalizes Rule on Cybersecurity Disclosures appeared f...| The CPA Journal
As early as 2006, the IRS has recognized that “foreign outsourcing is not prohibited by … final regulations, which permit disclosure of tax return information outside of the United States if the taxpayer consents to such disclosure” (Notice of Proposed Rulemaking, Reg-137243-02). In more recent years, a growing number of U.S. tax return preparers have […] The post Considerations for Tax Return Preparers Outsourcing Overseas appeared first on The CPA Journal.| The CPA Journal
In Brief While still in the early stages of its development, generative artificial intelligence (GenAI) shows promise in empowering professionals by| The CPA Journal
May/June 2025 | 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
Featured | The CPA Journal
In Brief The proliferation of technology throughout modern business has created novel opportunities for financial statement fraud. But technology tools| The CPA Journal
The accounting profession is facing a severe crisis due to a shortage of accountants. Significantly fewer students have selected accounting as a major. As| The CPA Journal
