(c) American Institute of Certified Public Accountants. Contact AICPA for permission to reproduce this article., Forensic Accounting, Fraud

Money laundering: Combating a global threat

By Alan S. Abel, CPA/CFF, and Ian A. MacKay, CPA, CGMA The vigilance of CPAs plays an important part in an international effort to deter financial crime. Earlier this year, reports on the voluminous document leak known as the Panama Papers provided a jarring reminder of the massive global problem that money laundering poses in… Read More Money laundering: Combating a global threat

(c) American Institute of Certified Public Accountants. Contact AICPA for permission to reproduce this article., Practice Management, Succession Planning

CPA firms struggling with succession

By Ken Tysaic Some leaders say staff members aren’t ready for important tasks. As members of the Baby Boomer generation age, CPA firms are struggling to find ways to replace soon-to-retire partners, a new AICPA Private Companies Practice Section (PCPS) survey reveals. The percentage of multiowner firms with succession plans has decreased. Despite the aging… Read More CPA firms struggling with succession

(c) American Institute of Certified Public Accountants. Contact AICPA for permission to reproduce this article.

The next frontier in data analytics

By Norbert Tschakert, CPA/CFF/CITP, Ph.D.; Julia Kokina, CPA, Ph.D.; Stephen Kozlowski, CPA, CGMA, Ph.D.; and Miklos Vasarhelyi, Ph.D. Why CPAs and organizations need to learn to use advanced technology to predict and achieve outcomes. As technology continues to evolve, it promotes changes to business models and surprises those who are unprepared. Businesses change their strategies… Read More The next frontier in data analytics

(c) American Institute of Certified Public Accountants. Contact AICPA for permission to reproduce this article., Financial Reporting

ICAS/EFRAG provide new investor insights into financial reporting

By Michelle Crickett, ICAS Director of Research ICAS/EFRAG research highlights that the objective of investors does matter for the design of financial reporting standards. A new international research study published by ICAS and EFRAG investigates professional investors views on and use of financial reporting information. This study is a follow on to the earlier ICAS/EFRAG… Read More ICAS/EFRAG provide new investor insights into financial reporting

(c) American Institute of Certified Public Accountants. Contact AICPA for permission to reproduce this article., Tax

FBAR compliance

By Joel M. Barker, CPA As the federal government increasingly looks for foreign tax evasion, it is more important for tax practitioners to make sure clients are in compliance with the filing requirements of FinCEN Form 114, Report of Foreign Bank and Financial Accounts. The Bank Secrecy Act (BSA), P.L. 91-508, requires certain U.S. persons… Read More FBAR compliance