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. 6, June

A Government Affairs Program That Works for You
I've discussed before how crucial an advocacy tool the NYSSCPA's political action committee (CPA PAC) is to the Society's membership and to the CPA profession in New York State. There is a reason for that. The rules that govern a CPA's day-to-day business...
Auditors' Responsibility for Detecting Fraud: Applying Professional Judgment and Maintaining Integrity
Many forms of government have been tried, and will be tried in this world of sin and woe. No one pretends that democracy is perfect or all-wise. Indeed, it has been said that democracy is the worst form of government except all those other forms that...
Auditors' Responsibility for Detecting Fraud: Putting Ethics and Morality First
The public accounting profession has been held virtually blameless for its role in the events that led up to the recent global financial meltdown - which, to many, seemed to be a "crisis with countless victims but no perpetrators" (Francesco Guerrera,...
Cognitive Biases in Audit Engagements
Errors in Judgment and Strategies for PreventionIn 1972, psychologist Daniel Kahneman, who was awarded the Nobel Prize in Economics 30 years later, and his associate, Amos Tversky, coined the term "cognitive bias," which refers to the tendency of individuals...
Financial Fraud
Fraud continues to be an ever-present concern for accountants, auditors, and antifraud professionals. In its 2012 Report to the Nations on Occupational Fraud & Abuse, the Association of Certified Fraud Examiners (ACFE) estimated that the annual cost...
Home Office Deductions
A Review of the RequirementsRecent advances in technology, as well as the economic recession, have made working from home an attractive option for many. Workers using a home office often look to deduct the associated expenses, but the U.S. tax code includes...
How to Detect Fraud
For several years, I've asked my accounting students why they decided to major in accounting; overwhelmingly, the answer is the same: they like working with numbers. But no one - not even an accountant- is left-brained only. This works to our advantage...
Inbox: Letters to the Editor
An Unrealistic View of an Auditor's RoleIn their April 2012 CPA Journal article, "Reflecting a Company's Safety Culture in 'Fairly Presented' Financial Statements: The Case of BP," authors Joel Amernic, Russell Craig, and Dennis Tourish present the idealistic...
Measuring Corporate Social Responsibility
A Survey of Recent ResearchRecent financial crises and a growing call for sustainability reporting guidelines like those from the Global Reporting Initiative (GRI) have placed pressure on corporate executives to provide the public with information that...
Offers as Market Value in an Estate Tax Matter
A Better Indicator than the Traditional Appraisal MethodologyCan offers to purchase real estate be used as important indicators to derive market value? The Appraisal of Real Estate provides this quote: "Offers, which represent the buyer's perspective,...
Protecting the Public from Fraud and Ensuring Audit Quality
An Interview with SEC Chief Accountant James L. KroekerJames L. Kroeker has served as the SEC chief accountant since 2009. He has played a major role in the SECs efforts to respond to the recent financial crisis and ongoing efforts to make financial...
Sales Taxation of Services
A Look at New York New Jersey, and FbridaRevenue-hungry taxing jurisdictions that can no longer afford to rely upon sales tax on tangible personal property are looking to the Internet for new sources of revenue. This search has led many tax jurisdictions...
Staff Auditors' Observations of Questionable Peer Behavior
The View from the Other SideViolations of audit standards threaten audit quality and increase litigation risk, while violations of workplace behavior lead to demoralization and employee turnover, a significant threat to CPA firms focused on attracting...
The Basics of Business Valuation, Fraud and Forensic Accounting, and Dispute Resolution Services
Professional accounting services have evolved significantly over the past three decades. One such service area, well known by some but new to many, is business valuation, fraud and forensic accounting, and dispute resolution (BVFDR) services. The following...
The Global Fraud Threat
A Report on Causes, Detection, and PreventionCompanies of all sizes in all industries lose, on average, approximately 5% of their annual revenues to occupational fraud, a total loss of about $3.5 billion, according to a recent global survey conducted...
Website of the Month: AccountingTools.com
AccountingTools.com offers free articles, blog posts styled in a question-and-answer (Q&A) format, podcasts, and a newsletter on financial and managerial accounting topics, all authored by CPA Steven Bragg. The website provides a practical collection...