July 2024

Breaking News

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...

NOT-FOR-PROFIT

Guiding not-for-profits through post-pandemic challenges

Experts examine how CPAs can help clients meet increasing demand in a difficult fundraising and staffing environment.

NOT-FOR-PROFIT

How CPAs can benefit from not-for-profit board service

Volunteering to serve as a board member for a not-for-profit can be a career-changer. Follow these strategies to make it work.

NOT-FOR-PROFIT

AI-GENERATED IMAGE BY SHOTPRIME STUDIO/ADOBE STOCK

What to know to avoid deficient not-for-profit audits

Most recent peer review insights suggest that insufficient or inadequate documentation was the most common problem in not-for-profit audits, but better planning could prevent deficiencies.

ACCOUNTING & REPORTING

New crypto accounting rules may spur early adoption

The standard is so beneficial that cryptoasset holders may not want to wait until ASU 2023-08 officially takes effect.

AUDIT & ASSURANCE

Audit smarter by reassessing audit risk

The AICPA Center for Plain English Accounting has developed steps to reimagine risk assessment in a more focused and efficient way.

ADVERTISING SUPPLEMENT

Ask the expert: Why AI is worth all the hype

Dean Sonderegger, Senior Vice President and General Manager of Canada and Research & Learning, Wolters Kluwer Tax & Accounting North America, discusses how generative AI has the potential to drive efficiency in everyday tasks and make professionals more productive.