In 2022, the Auditing Standards Board (ASB) issued new standards dealing with quality management (QM) that will become effective December 15, 2025. The ASB sets standards to be generally consistent ...

Over the years, Florida's sales factor sourcing methodology for sales of other than tangible personal property has been the ...

The use of value pricing has become very popular in certain sectors in the past few years. But not many CPA firms have ...

The number of incidents of fraud perpetrated against individuals and the resulting loss amounts have both drastically ...

In 2021, the IRS announced an enforcement campaign targeting high-income U.S. citizens who were purportedly claiming tax ...

In Brief The use of Special Purpose Acquisition Companies (SPAC) as a means of bringing new entities to the public markets ...

The world of forensic accounting has been developing for the past 70 years. Some credit the beginning of the understanding of fraud as a subject of scientific study to the 1934 work of Donald Cressey ...

Trusts enable individuals to ensure the financial health of loved ones long after they are gone, but only if they are properly set up and administered. Trustees bear a great personal responsibility in ...

Although many believe that captive insurance companies are a relatively new phenomenon, the captive insurance industry can be traced back to the 19th century. Today, nearly all Fortune 500 companies ...

Contrary to what many think, the typical audits of financial statements do entail certain responsibility for the detection of fraud. The author examines the differences between the conventional audit ...

The accounting profession is facing a major setback. There has been a notable drop in students pursuing accounting degrees ...