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 ...

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

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) ...

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 ...

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 ...

Findings. All interviewed participants were aware of, and able to provide specific details pertaining to, the WLBP offered by the firm. The availability of WLBP is consistent with the literature, ...

The Value of Business Data Analytics. Michael Parrinello, CPA, is a partner at the Bonadio Group, a mid-sized accounting firm with offices in New York, Texas, and Vermont that was named among the Top ...

The Current State of Accounting Education. Accounting education has been disrupted in material ways. Factors include material changes to the CPA exam content; new skill sets required to succeed in the ...