Sometimes the most basic facts from study for CPA exam success are applicable throughout an accounting career. An ideal example is the attention a CPA provides to business clients in December by remin
The International Auditing and Assurance Standards Board is pushing a proposal for expanding commentary in auditor reports. The American Institute of Certified Public Accountants has responded by poin
A certainty that accountants working in the tax field can expect every year is individuals who are uninformed about taxable income. Instead of wondering whether to report money from particular sources
No matter how personally acquainted an external auditor is with the insiders at a target client, maintaining professional skepticism is crucial to a sound working relationship. Auditors are only effec
The key to study for CPA exam passing scores is commitment. Everyone who succeeds in attaining a CPA license is aware of this simply stated rule, which embodies so many complex intricacies. Some of th
Accountants specializing in forensic and valuation services (FVS) have launched an effort to demonstrate how their work reduces the cost and enhances the fairness of civil legal actions. A body of the
An online CPA course may prepare you for more of your future in public accounting than passing the exam. Ease in adapting to technology is essential for accountants – whether for exam study or proje
The story of another failed bank is evidence of the rising importance for accountants to help locate corporate crooks. When the FDIC shuttered Park Avenue Bank, the institution seemed like an addition
Although stirring courtroom drama is typically limited to movies and television shows, true life Tax Court rulings often hold stimulating results for accountants. Decisions by the Tax Court can illumi
Merrill v. Commissioner, TC Memo 2009-166 (July 13, 2009)
Facts:
Charles Merrill is a well-known gay rights activist, artist, and millionaire member of the family that founded Merrill Lynch. He was
