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 ...

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

Decentralized finance (DeFi) is an emerging peer-to-peer system for conducting financial activity on the blockchain without ...

Ongoing Preparation Throughout the Closing Process. A key component of the ongoing planning, documentation, and preparing for the audit is having a consistent and “competent monthly closing”—and the ...

Question 2: “How can the profession (accounting firms) support accounting departments to better prepare students for the new CPA Evolution?” Out of 97 faculty members who completed the survey, 34 (35% ...

The Accounting Talent Shortage. The primary statistical agency for the Department of Education, the National Center for Education Statistics (NCES), reported that undergraduate enrollment, regardless ...

The supply of new accounting students and CPAs—the pipeline to the profession—has been a topic of growing concern over the past several years, driven by research indicating that barriers to entry were ...

Typical NFT Frauds. Although the prevalence of crimes related to NFT purchases currently accounts for a relatively small proportion of total NFT transactions (Elliptic, 2022), the impact of NFT fraud ...

Natural Language Processing. One key advantage of AI models is their ability to analyze unstructured data, such as text and images. Financial statements often contain textual information, such as ...

What the Fraud Diamond Adds. The Fraud Diamond was based on Wolfe’s experiences as a fraud investigator and his observation that, despite fraud being a “people problem,” the prevailing fraud model did ...