A previous survey revealed the reasons why privately held companies select and dismiss
audit firms. To determine if public companies held to the same profile of concerns, a similar …

There is currently an intense debate over the merits of rules-based accounting versus
principles-based accounting. However, the debate is a waste of time, because for at least 35 years…

The Financial Accounting Standards Board (FASB) had been trying to resolve the issues
about measuring the expense of stock options long before it published its Proposed Statement …

An ESOP can provide both good retirement benefits and employer tax advantages, but legal
protections for other kinds of retirement plans don't apply to ESOPs, whose assets are safe …

The CPA profession has the potential to be the single most important player in the financial
well-being of the United States of America. On the other hand, if financial statements are not …

Because contributions to and earnings in an Individual Retirement Account (IRA) are not taxed
until the funds are withdrawn at retirement, an IRA offers many Americans an opportunity …

This article is based on a survey of managing partners of Big Six public accounting firms in
the US The purpose of the survey was to obtain the perception of managing partners …

Proponents claim that as a result of the national CPA firms reorganizing as limited liability
partnerships (LLP), the 3 most critical brain drains will be curtailed: 1. the brightest students …

The Journal of Investing (JOI) is a scholarly journal for the financial services industry, appealing
to both the academic and practitioner audiences. The JOI offers practical analysis and …

Analysts, stockholders, regulators, and academicans depend on the quantity and quality of
information provided by financial statements. In most instances financial statements provide …