New Jersey Society of CPAs Magazine, March 2025 “Marriage is a three-way contract between two adults and the state that they live in.” — attributed to J. Micara, a 20th century philosopher. What is collaborative divorce and how can valuations assist in the process? This article aims to address these two questions Full Article
CPA Journal, April 2024 On June 6, 2023, the PCAOB published an exposure draft requesting comments about the auditor’s role with respect to noncompliance with laws and regulations (NOCLAR). The exposure draft (“Amendments to PCAOB Auditing Standards related to a Company’s Noncompliance with Laws and Regulations,” https://pcaobus.org/about/rulesrulemaking/rulemaking-dockets/docket-051) is extensive in its potential scope and requirements. […]
News & Views, CPA Journal, September 2023 Artificial Intelligence (AI) traces its origin to antiquity, when humans attempted to use formal reasoning to predict the future of events. Today, AI has made great progress in perceiving, synthesizing, and inferring data in contexts by a machine-learning mechanism. The applications of AI are many and varied—from self-driving […]
CPA Journal, February 2023 Full Article
The PCAOB requires that registered audit firms adhere to an audit quality control (QC) requirement: A firm of independent auditors has a responsibility to adopt a system of quality control in conducting an audit practice. Thus, a firm should establish quality control policies and procedures to provide it with reasonable assurance that its personnel comply […]
CPA Journal, August 2020 This article reviews the paradigm of office work, as the traditional form has been disrupted by the COVID-19 pandemic that has required most employees to work remotely. The economic and behavioral shifts that have ensued are emerging due to new goals by various stakeholders. These stakeholders’ goals are at times at conflict, […]
CPA Journal The sale and merger of medical practices into larger medical groups or hospital networks is an ongoing trend that began almost a decade ago. A key component of these transactions has been the valuation of the target medical practice; the purchase price is often calculated through a combination of the quality of earnings, […]
(CPA Journal, News & Views) The Association of Certified Fraud Examiners (ACFE), in reporting on collusion in its 2018 Report to the Nations (http://bit.ly/2BIITfH), indicates that there is a direct correlation between collusion and the cost of a fraud incident, rising from an average of $74,000 for one perpetrator to $339,000 for three or more […]
CPA Journal Ever since the double-entry bookkeeping system was created in 1340, accountants and business owners have been focused on the fidelity of financial reporting systems. The double- entry system prevented misreporting and forced accounting to be reliable. With more reliance on computerized information systems, more reliable information is imperative. The blockchain database structure is […]
CPA Journal, June 2017 Full Article
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