Art of Accounting: Anything less than a 10 is an F

CPA firms are becoming more niche driven and expanding into greater advisory roles.


Elizabeth Warren proposes scrapping student-loan debt for millions through wealth tax

The Democratic presidential candidate is seeking to show young voters she would ease one of their biggest economic burdens.


Trump’s taxes: 1924 law gives Congress authority to see returns

If Democrats in Congress succeed in their quest to get Donald Trump to cough up his tax returns, they’ll have another Republican president to thank: Warren G. Harding.


Trump sues to block House subpoena for financial documents

The president and the Trump Organization have asked a U.S. judge to reject a Congressional subpoena seeking business records from his longtime accounting firm Mazars USA LLP.


A primer on CAMS

AICPA chief auditor Bob Dohrer dives deep into the new requirement for reporting critical audit matters in the auditor’s report, including recent guidance.


The top 10 cities for accountants

AdvisorSmith ranks the metropolitan areas that offer the most opportunity for accounting pros.


Alvarez & Marsal debuts LeaseSCRE tool for lease accounting

The web-based tool employs machine learning technology to estimate an incremental borrowing rate curve for the leasing standard.


FASB technical director Susan Cosper promoted to board member

The Financial Accounting Foundation’s board of trustees has appointed Susan M. Cosper, technical director of the Financial Accounting Standards Board, as a member of the FASB board.


Innovation means being open to new ideas

Innovation within your accounting firm need not be overwhelming or scary at all. In fact, it can be a lot of fun and lead to greater revenues.


Appeals court finds taxpayer failed to mail amended return in time despite mailbox rule

A federal appeals court reversed a district court’s judgment, holding that taxpayers could not rely on the common law mailbox rule to show that an amended return had been timely filed in order to claim a tax refund.