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

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

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

As an accounting major graduating in the spring, I have had the opportunity to study the ways in which environment, social ...

In Brief The recent surge in inflation has led managers to reassess the best inventory valuation methods—first-in-first-out (FIFO) or last-in-first-out ...

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 ...

The five gateways of inventory movement (illustrated in Exhibit 1) are as follows: 1) raw materials (RM) and purchase parts receipt, 2) internal failure (scrap) reporting, 3) production reporting, 4) ...

On April 22, 2024, the Office of Management and Budget (OMB) released significant revisions to Title 2 of the Code of Federal Regulations (CFR), including 2 CFR Part 200 (the Uniform Guidance). These ...

CPA firms are constantly confronted by regulatory, compliance, and ethics issues in the face of an unpredictable and changing world. Hot topics like environmental, social, and governance (ESG) ...