The CPA Journal

The CPA Journal is a monthly refereed accounting journal. It has been published by the New York State Society of CPAs since 1930.Subjects for The CPA Journal inlcude accountants and accounting. Carolyn Morrisroe is the managing editor and Anthony H. Sarmiento is a contributing editor.

Articles from Vol. 82, No. 4, April

A Guide to Effective Audit Interviews
Inquiry is a well-established audit procedure used by auditors to obtain evidence in support of an audit opinion and a better understanding of the company undergoing the audit The topic of inquiry is discussed in a number of Statements on Auditing Standards...
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A New Business Plan for CPE
In the 40 years since its creation in 1972, the NYSSCPA' s Foundation for Accounting Education has established itself as one of the Northeast's premier continuing professional education resources for high-quality, cost-effective seminars, conferences,...
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Deregulation
Let's Not Forget What History Has Shown UsWhen The CPA Journal went to press this month, the U.S. Senate was considering a bill that had been overwhelmingly passed by the House (H.R. 3606). This bill, paradoxically named the JOBS (Jumpstart Our Business...
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Inbox: Letters to the Editor
S Corporations and ComplexityIn "Has the S Corporation Outlived Its Usefulness?" (The CPA Journal, February 2012), John L. Standi prepared a well-written article. I truly enjoyed reading iL However, his conclusion that an LLC is a less complex than an...
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Integrating Sustainability into the Reporting Process and Elsewhere
Obstacles and Best Practices for CPAsRecent evidence indicates that the concept of sustainability - also known as corporate social responsibility (CSR), corporate responsibility (CR), or triple bottom line (TBL) reporting - is gaining momentum in the...
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Online Accounting Degrees
Research on the Quality ofFor-Proflt and Not-For-Profit ProgramsThe Wall Street Journal recently noted that enrollment in higher education degree programs online is skyrocketing. In response to this technological change, growing numbers of institutions,...
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Public Disclosure of Quality Control Criticisms
Examining PCAOB Inspection Reports to Determine Differences Among Audit FirmsThe independent audit is the cornerstone of pubHc confidence for U.S. capital markets (Michael H. Sutton, "Financial Reporting at a Crossroads," Accounting Horizons, vol. 16,...
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Reflecting a Company's Safety Culture in "Fairly Presented" Financial Statements
The Case of BPIn June 2010, a class action lawsuit citing the oil and gas company BP's "history of safety lapses, cost cutting and workplace disasters" was lodged in the U.S. District Court for the Eastern District of Louisiana on behalf of BP shareholders....
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Shielding the Auditor from Corporate Fraud Liability
Recent Decisions and Rationale for the in Pari Delicto DefenseOne of the strongest legal weapons available to audit firms sued by shareholders or creditors foUowing revelations of corporate fraud is the defense of in pari delicto. This legal doctrine,...
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Tax Implications of U.S. Budgetary Pressures
Uncertainty over the Tax Code and the Impetus for ReformThe accounting profession needs to be actively cognizant of the implications of the U.S. government's recent failed attempts to resolve its budgetary impasses and bring its debt to a sustainable...
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The Dodd-Frank Act Addresses Corporate Governance
Internal Controls, Whistleblower Provisions, and Disclosure RegulationsOn July 21, 2010, President Obama signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act. The Dodd-Frank Act includes many provisions that federal regulators,...
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The Question of IFRS Adoption: A Very Long Engagement
Over the past decade, more than 120 countries worldwide have committed, in some form, to adopting a common set of accounting standards - International Financial Reporting Standards (TFRS) - including members of the European Union, China, India, and Japan....
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U.S. Estate and Gift Taxation of Nonresident Aliens
An Examination of the Rules and RegulationsThe U.S. transfer tax regime requires special planning for nonresident aliens who invest within the United States. Estate and gift tax rules for individuals look first to whether the individual is a U.S. citizen....
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Website of the Month: SECLaw.com
SECLaw.com is supported by a financial sendees industry law firm, Beam & Astarita LLC, and much of the site's content is provided by attorney Mark J. Astarita. Resources include news articles, introductory-level articles, blogs, links to financial...
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Who Is Right: FASB or My Accounting Students?
The implementation of Statement of Financial Accounting Standards (SFAS) 157, Fair Value Measurements, has brought about some complex and controversial changes to accounting and financial reporting. It is possible for reasonable people to disagree about...
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