Eric Hansen, CPA, CGMA, incoming chair of the AICPA board of directors, envisions a prosperous future for the profession in a rapidly changing environment.
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A Better Way to Gauge Profitability
EXECUTIVE SUMMARY Return-on-equity (ROE) is the correct profit metric to evaluate the performance of a business. However, the primary emphasis on financial ratio analysis must be on operating performance. The “advanced” version of the DuPont model remedies the original model’s failure to cleanly separate the effects of operating and financing...
November 2017 - Journal of Accountancy
AUDITING
4 strategies for efficient, effective audit documentation
Although compliance with audit documentation standards can be a challenge, smart planning, standardized working papers, and other best practices can help practitioners avoid problems.
EMPLOYEE BENEFITS
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.
FINANCIAL REPORTING
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.
MANAGEMENT ACCOUNTING
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.
TAX
Exploring the estate tax: Part 2
This second part of a two-part article on everything practitioners should know about the estate tax covers estate tax planning techniques, including the marital deduction and the use of various types of trusts.
COLUMNS
PROFESSIONAL LIABILITY SPOTLIGHT
CHECKLIST
From the Tax Adviser
TAX PRACTICE CORNER
TAX MATTERS
TECHNOLOGY Q&A
INSIDE AICPA
THE LAST WORD
SPONSORED REPORT
Be prepared for tax season early
Our expert tax report highlights the important issues that tax preparers and their clients need to address for the 2024 tax year. Stay informed and proactive with guidance on critical tax considerations before year-end.
From The Tax Adviser
May 21, 2025
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