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. 71, No. 4, April

Effective Expert Testimony
EFFECTIVE EXPERT TESTIMONY By David M. Malone and Paul J. Zwier Published by the National Institute for Trial Advocacy [315 pp. including appendices, $49.95 (ISBN 1-5568-1-- 5646)] Reviewed by Vincent J. Love, CPA managing partner, Kramer & Love,...
Estate Planning for Minority Interests
ESTATES AND TRUSTS An interesting court case presents creative estate planning opportunities: Bonner [Estate of Louis F. Bonner v. United States of America, 84 F.3d 196, 96-2 USTC (CCH) para. 60,237 (5th Cir. 1996)] addresses discounts, with respect...
Fixing a Tax Defective Trust
In August 14, 2000, Governor George Pataki signed chapter 267, Session Laws of 2000, adding section 11-1.11 to the New York Estates, Powers and Trusts Law (EPTL) , which gives fiduciaries a limited power to amend specified trusts to allow them to qualify...
Independence Standards Board
INDEPENDENCE STANDARDS BOARD The Independence Standards Board (ISB) was established in 1997 by the AICPA and the SEC to permit timely, thorough, and open study of issues involving auditor independence and to encourage public participation in establishing...
In Search of Innovation
Harness creativity In Brief Innovation Leadership Leads to Future Profitability How many employers or clients view their CPA as the "controller," the person that puts a damper on creativity? What response does the visionary with a completely new product,...
Letters to the Editor
MDP: DON'T SUCCUMB TO MARKET PRESSURE In the December 2000 Publisher's Column, you asked for comments on the UAA, in support or opposition. I'm giving you both. The National Conference of CPA Practitioners (NCCPAP) is a national organization representing...
Migratory Patterns of Entry-Level Accountants
THE CPA MANAGER FIRMS SHOULD DETERMINE AN EMPLOYEE'S JOB FULFILLMENT as early as possible and rectify complaints as early as appropriate or feasible. While keeping a trained staff of employees is difficult, so too is funding the high cost of employee...
Netting Property Transactions at Year-End: Update to the Worksheet Approach for Capital Gain Rate Differentials
FEDERAL TAXATION In the August 1996 CPA Journal, the authors presented a simplified worksheet approach for quickly determining the tax consequences of property transactions entered during the tax year. A five-- column worksheet analyzed the effects of...
One Idea Is Not Enough, Especially a Bad One
News Views If the results of this survey represent the entire AICPA membership (and I believe they do), then clearly the membership has spoken and the leadership should take heed. No matter how visionary the concept, the AICPA cannot ask its members...
Opening a Gateway of Opportunity
News Views The results of the NYSSCPA's recent survey support many points of the AICPA's proposed global credential, and raise valid, interesting questions about other areas, which we are still deliberating. One of the clearest findings in the New York...
Overtime: Determining an Employee's Regular Rate
Although it is common knowledge that the Fair Labor Standards Act (FISA) requires employers to pay one and one-half times an employee's regular rate for all work performed in excess of 40 hours per week, employers often overlook the proper method for...
Personalized Delivery Service Creates Representational Nexus
STATE AND LOCAL TAXATION THE COURT OBSERVED THAT 'SUBSTANTIAL NEXUS' can be established through a representative acting on behalf of the remote seller in the taxing state. Maryland trial court has ruled in a declaratory judgment case after trial that...
Related Foundations
A RELATED FOUNDATON MAY ENGAGE in many activities either previously undertaken by the association, initiated by the related foundation, or both. Whether the benefits to a trade or professional association of establishing a related foundation will outweigh...
Research Opportunities in Information Technology Auditing: Addressing Recommendations of the Panel on Audit Effectiveness
News Views Personal Viewponit "The profession will need to restore the historic attractiveness of auditing as a profession and convince the 'best' people it offers excellent longterm career opportunities," concludes the report of the Public Oversight...
The CFE Designation in Perspective
An image of expertise IN BRIEF The Benefits Outweigh the Costs As CPAs prepare for a future in which they offer services outside of the traditional audit and tax areas, fraud specialization has an intrinsic appeal. Where once the CPA insisted, "It's...
The Past: Prologue for the Future
As often occurs when someone retires from a position, my predecessor, Jim Craig, left behind as many things as possible to ease the transition of his successor. Among the items that have waited patiently for my attention is a desk drawer filled with...
The SEC's New Auditor Independence Standard
A short leash for CPAs? In Brief Be Careful What You Wish For No one denies that the SEC's new standards for auditor independence were long overdue. The existing rules had become cumbersome and outdated in many respects, and the auditing profession and...
Use What Already Exists for the Betterment of the Profession
Use what already exists for the betterment of the profession Frank C. Minter, CPA, president, Institute of Management Accountants Although we all recognize that the CPA credential no longer describes the work that most of its holders perform, CPAs do...
Using Fraud Assessment Questioning to Detect Fraud
IN BRIEF Ask the Right Questions, Interpret the Answers The increasing opportunity for employee fraud is a significant problem for all businesses. Fraud is often discovered through tips or complaints from individuals-most employees are willing to reveal...
When We Want Our Members' Opinion, We Ask for It
People who serve membership organizations and think they know what's best for the organization because the members are misguided or wrong are themselves misguided or wrong--or both. I have a small sign on my desk that says "It's the Membership, Stupid."...
Author Advanced search

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.