The AICPA¡¯s Codification of the Code of Professional Conduct (the Revised Code), issued in June 2014, features two ¡°principle-based¡± conceptual frameworks that employ a ¡°threats and safeguards¡± approach to CPAs¡¯ ethical dilemmas. These 2014 conceptual frameworks reprise...

The search for incremental returns - alphas in current parlance - has become the holy grail of active investment. This article begins by drawing a distinction between two broad classes of alphas: (1) allocation alphas that are broadly available, on a non-zero-sum basis, by moving the strategic...

Many corporate managers and researchers now frequently rank intellectual assets ahead of physical assets in developing a competitive edge, primarily due to such factors as shorter life cycles, frequent changes, adoption of advanced technologies and increasing global competition. Given the...

The provisions of Statement of Financial Accounting Standards (SFAS) No. 144, Accounting for the Impairment or Disposal of Long‐lived Assets , have raised many implementation issues for entities adhering to its increased requirements to recognize and measure the costs associated with the...

Purpose – To develop theoretical frameworks to discuss high profile scandals, where responsible accountants and other executives could have saved themselves, many investors and others severe personal and financial loss by considering the costs of improper or immoral behavior. These cases...

Purpose – This paper seeks to examine the effects of mentoring and organizational justice on auditors' relationships with their non‐mentor supervisors. While having a mentor should cause higher quality protégé auditors and their non‐mentor supervisor relationships, organizational justice...

Statement on Auditing Standards (SAS) 65 was issued in April 1991 to clarify various aspects of the working relationship that should exist between external and internal auditors. Describes the historical development of this relationship as viewed through the promulgation of authoritative...