The Middle East offers foreign companies many lucrative business opportunities, but, to gain access, suitors must first be considered culturally acceptable by their Middle Eastern counterparts.
Advertisement
TOPICS
Management accounting
U.S. board members cite challenges in revenue recognition implementation
Updating systems and policies and revising contracts with customers were cited by U.S. public company board members as the top challenges to implementing revenue recognition, according to a survey by accounting and consulting firm BDO.
7 risk areas for the 2014 audit cycle
Revenue recognition and internal control over financial reporting are among the key risk factors in the 2014 audit cycle, according to an alert by the Center for Audit Quality (CAQ). The alert details seven key areas of potential risk in auditors’ work.
U.S. economy on a roll, according to survey of finance executives
Economic optimism is up from a year ago, led by brighter projections in revenue, profits, and hiring, according to the latest quarterly survey of finance executives in business and industry by the AICPA. Availability of skilled personnel is a rising concern.
What to consider when hiring an employee benefit plan auditor
Employee benefit plan administrators have a lot to consider when hiring a financial statement auditor. Here’s what to look for when seeking a firm for this important service.
6 tips for integrated thinking
Here are six ways companies can adopt integrated thinking and decision-making processes that are fundamental to the creation of an integrated report.
Due diligence in China
Due diligence, especially at private companies, requires professional skepticism, persistence, and cultural sensitivity when evaluating an investment opportunity in China.
Ingredients of an effective audit committee
The audit committee is a fundamental part of the corporate governance structure. But with changing demands being placed on it, what steps can companies take to ensure that the committee effectively safeguards stakeholders? A popular panel at the 2014 World Congress of Accountants in Rome explored the issue. Here are
Evolving role of finance among top issues at World Congress of Accountants
Olivia Kirtley, CPA, CGMA, held a small blue globe in her hand for the audience to see as she presided over the closing ceremony of the World Congress of Accountants on Thursday. The globe, manufactured by CGMA staff using a 3-D printer at the Rome meeting, was more than an
11 suggestions for making corporate disclosures more effective
Better search and visualization capabilities, more discussion of company strategy, and ranking of risk factors would make corporate financial reporting more useful to investors, according to a report released Thursday. Prepared with the help of a broad spectrum of experts, the report provides recommendations for improving the effectiveness of corporate
Are social media posts protected? What all employers need to know about the NLRB and social media
The following strategies can help reduce the likelihood of a lawsuit or regulatory action due to a violation of Section 7 of the NLRA associated with employee use of social media.
Motivation and preparation can pave the path to CFO
CPAs in business and industry face intense competition to land a coveted CFO job. Learn how to best prepare yourself for the role.
Not-for-profits delve into risk management
Six factors are critical for organizations in implementing and maintaining ERM.
Global Management Accounting Principles seek to guide better benchmarking, decision-making
Effective management accounting practices can improve decision-making in organizations, which need sound fundamentals but also speed when trying to decide which strategic paths to follow. In short, organizations need principles that can be applied to help produce favorable outcomes. The Global Management Accounting Principles, released Wednesday, represent the first set
COSO’s ERM framework to undergo update
A well-known framework for risk management is scheduled for another update. The Committee of Sponsoring Organizations of the Treadway Commission (COSO) announced Tuesday that it is undertaking a project to update its Enterprise Risk Management—Integrated Framework, which debuted in 2004. Organizations use the framework to help them manage uncertainty, consider
How to deliver successful diversity and inclusion results and benchmark your progress
As leaders in the accounting profession come to understand the business case for diversity and inclusion, they often have a similar quandary. “The next natural question is, ‘So what do I do about it?’ ” said Kenneth Bouyer, CPA, chairman of the AICPA National Commission on Diversity & Inclusion and
Examine clichés in approach to innovation
Spot-and-react strategies are better than no strategies at all, but organizations should have a “rebellious instinct for change” in approaching innovation, entrepreneurship expert Luke Williams said. Williams, speaking Monday at the AICPA’s fall Council meeting in Boston, said entities should challenge their common practices in order to be leaders in
Expanded role requires expanded skills
CFOs say that by developing the right skills, finance professionals can drive their organizations to conquer the growing complexity and deliver growth.
How NFPs should allocate joint costs
Not-for-profit management and auditors have the responsibility to make sure that costs are properly allocated for activities that serve their mission and also include fundraising opportunities. Learn how consistent application of accounting rules results in a fair depiction of these costs in not-for-profit financials.
Board members keenly focused on risk
Corporate board members of U.S. public companies are keenly focused on risk, but many are not comfortable with their understanding of which risks the companies are willing to take, according to new PwC survey results released Tuesday. In the interest of reducing fraud risk, an increasing percentage of board members
Features
SPONSORED REPORT
Preparing clients for new provisions next tax season
As the 2025 filing season approaches, H.R. 1 introduces significant tax reforms that CPAs must be prepared to navigate. These legislative changes represent some of the most comprehensive tax updates in recent years, affecting both individual and corporate taxpayers. This report provides in-depth analysis and guidance on H.R. 1.
From The Tax Adviser
October 31, 2025
Recent developments in estate planning
October 31, 2025
Current developments in taxation of individuals: Part 2
September 30, 2025
Current developments in taxation of individuals: Part 1
August 30, 2025
