The Tax Cuts and Jobs Act provides many issues for audit committee members to consider in their oversight of financial statements, external auditors and risk management.
Management accounting
Georgia-Pacific’s Sobel named COSO chairman
Paul Sobel, the chief audit executive of Georgia-Pacific, replaces Bob Hirth as the chairman of the Committee of Sponsoring Organizations of the Treadway Commission.
ERM for a changing world
Make effective use of the updated enterprise risk management framework from the Committee of Sponsoring Organizations of the Treadway Commission.
CPA vanity license plates that will make you smile
We tapped accountants in a dozen states to find out why they chose vanity license plates for their vehicles, which clever words or numbers (or both) they chose, and what kind of responses they’ve received from colleagues and others.
More women with CFO titles, but still far behind men
Finance leaders share ways companies can identify a more diverse pool of leadership candidates.
How to streamline the accountant hiring process
Technology tools can help perform much of the prerequisite screening before conducting interviews.
The risks, and potential rewards, of rotating chief audit executives
Organizations should be wary of assigning a chief audit executive to the role for a short, predetermined time.
Lease accounting laggards face serious risks
Organizations need to consider several factors as they implement new FASB rules — and it’s smart to start that work promptly.
Getting ready for the EU’s stringent data privacy rule
New data protection regulations in the EU will have far-reaching effects.
US finance executives strongly positive about 2018
Economic optimism in a quarterly survey has reached new heights. Find out why US finance decision-makers feel good about the coming year.
Corporate board members expect major changes
Changing business models, cybersecurity, and competition for talent are just a few of the things expected to concern corporate directors in the next year.
Blockchain considerations for management and auditors
Distributed ledger technology, also known as blockchain, presents a twofold challenge for accountants and auditors.
Want to jettison the annual performance review?
Take a look at how some organizations are making this transformation and the challenges they face.
Tax compliance after M&As
Companies can follow these steps to make sure an M&A transaction complies with all tax requirements.
What’s next for health care reform?
A health care reform expert discusses what will come next and what accountants need to know about it.
Companies continue to increase transparency of external audit oversight
Investors and other stakeholders continue to gain access to more information about how audit committees choose and oversee external audit firms.
Expect the unexpected: Risk assessment using Monte Carlo simulations
Modern computing power, combined with software including Microsoft Excel, can produce advanced statistical models to analyze the risks of business opportunities.
Improving internal control over segment reporting
Faithfully applying the principles of ASC Topic 280 can help financial statement preparers avoid problems in a high-risk area.
Andrew Prather, CPA, CGMA
Communicating financial stability and strengthening policies and procedures are two areas where CPAs can help not-for-profits, according to Andrew Prather, CPA, CGMA, an audit shareholder at Clark Nuber.
How to prepare for the annual review of your employee retirement plan
Know the areas to scrutinize in an annual employee retirement plan review to reduce the risk of errors, misunderstandings, or breaches of fiduciary duty.
Features
SPONSORED REPORT
Agentic accounting has arrived: What’s hype and what’s real?
Artificial intelligence (AI) is moving beyond chatbots and into accounting workflows. A new generation of agentic AI tools can plan, execute, and adapt as they complete tasks, raising expectations for what automation can do inside firms and finance departments. What can agentic AI realistically do today and what challenges are there in its implementation? Find out in this Journal of Accountancy sponsored report.
