As U.S. entities contemplate conformity with IFRS, a crucial difference between it and U.S. GAAP and tax law—treatment of inventory—raises thorny issues for tax accounting.

Read excerpts from AICPA Chairman Ernie Almonte's inaugural speech, in which he discusses where the profession is headed and how getting there will require a willingness to think and act differently.

For many pension plans, 2008 may have been the worst performing year ever. The result is that many employers are looking at alternatives to traditional defined benefit plans. A plan expert explains the pros and cons of cash balance plans in simple terms.

FASB Statement no. 157 is changing financial reporting for real property assets. Under the standard, the highest and best use of all assets, including real property, should be considered when measuring the asset’s fair value.

Reduce the negative consequences of data breaches by understanding the organizational risks to your firm and your clients.