Terminally ill individuals often desire to benefit the people and institutions they love by means of actionable and effective ...

I wrote a short piece concluding that audit opinions still matter. I drafted this essay within the judicial context of a ...

FASB News Five Areas of Key Reforms to Simplify Hedge Accounting Rules Floated On September 25, FASB proposed five areas of targeted changes to hedge ...

3. When is a worker eligible for Social Security? Once individuals have worked 40 quarters, they are considered fully insured. A qualifying quarter in 2024 for an employee will require at least $1,730 ...

Private companies are increasingly turning to complex financing arrangements, featuring embedded derivatives and contingent events, in order to raise capital and manage risk, according to recent ...

In a move aimed at bringing greater accuracy to financial reporting, FASB voted on September 18 to issue a proposal clarifying 34 narrow issues in U.S. accounting rules, including earnings per share ...

I read with interest the article titled “The Fraud Diamond: A 20-Year Retrospective” in the March/April 2024 CPA Journal. I also remember reading the original in 2004. Like then, I now still disagree ...

To reduce unnecessary costs, businesses strive to minimize their tax liabilities. Employment taxes, particularly the employer’s share of Social Security and Medicare taxes under FICA, may represent a ...

The first thing to know about this book is that the title—which admittedly sounds a bit corny and perhaps self-aggrandizing—does not do it justice. The book is arranged in meaningful vignettes, more ...

The liquidation of a partner's entire partnership interest can take various forms, including payment made by the partnership to the retiring partner in complete redemption… ...