Category: Uncategorized

Tax vs Audit: How to Choose a Career Path

In accounting, your career could go in many different directions, but most of your choices will fall under tax or audit. So which track is right for you? It really is all about the right fit – which one better accommodates your lifestyle and career goals? What’s going to make you happy?...


AICPA Releases New SAS on Auditor Reporting

Statement on Auditing Standards (SAS) No. 134, Auditor Reporting and Amendments, Including Amendments Addressing Disclosures in the Audit of Financial Statements, was recently released by the AICPA’s Auditing Standards Board. The overall objective is to update the form and content of the...


Excel’s Stock Data Types

Office 365’s new stock data types allow you to type a company name or stock ticker symbol in Excel and write formulas that extract information about the company to a different cell. The file Stockdatatypes.xlsx contains our work. To begin we typed in the company names and ticker symbols shown...


The Joint Committee on Taxation Publishes Data on New BEAT Provision

The Tax Cuts and Jobs Act added a new provision to the Internal Revenue Code called the “Base Erosion and Anti-abuse Tax” (BEAT). In April 2019, the Joint Committee on Taxation (JCT) published a report that offers insight into the number of corporations that will be impacted by the BEAT...


Chicago CPA and NABA Member Shares Advice for Diverse Accounting Professionals

Chinedu “Chin” Iwuora has always been fascinated by money and how economies work. It’s no wonder he was immediately hooked on accounting after his first accounting class at Chowan University in North Carolina. “You can say I like the culture of business and accounting is the...


4 Tips to Balance CPA Preparation, Full Time Work and Parenting

Preparing for the CPA Exam is a special challenge, requiring a strong amount of dedication and hundreds of study hours. For working parents, it may feel nearly impossible to balance full time work, studying for the exam and parenting, but our community is here to help! Here are tips to assist...


An Auditor’s Responsibility for Cybersecurity Risks

Cybersecurity has rapidly become a significant risk to businesses as breaches of information may result in financial and reputational damage, diminished investor confidence, and exposure to potential regulatory fines. Cybersecurity risks and controls are within the scope of the financial statement...


Joint Committee on Taxation Publishes Distributional Effects of TCJA

The Joint Committee on Taxation (JCT) recently published a series of documents tied to the Tax Cuts and Jobs Act. One of the documents receiving a great deal of attention is the “Distributional Effects of Public Law 115-97.” The document provides distributional tables and analysis of the Tax...