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. 78, No. 10, October

A Practical Approach to Finding Management Override
The problem of management override is a significant issue in auditing today. In spite of the current emphasis on internal controls created by, among other forces, the Sarbanes-Oxley Act of 2002 (SOX), there are inadequate discussions concerning auditors'...
Concentration and Competition in the Auditing Profession
The role, regulation, and oversight of independent auditors is of fundamental significance to each one of the more than 2,600 leading companies that are listed on NYSE Euronext's two U.S. markets, the New York Stock Exchange and NYSE Area, as well as...
Confusion or Clarity?
Have International Standards Helped Investors' Decision-Making?The second panel discussion at the Lubin Forum on Contemporary Accounting Issues brought together a broad spectrum of professionals to discuss whether adoption of IFRS will result in clarity...
Controlling Nursing Home Fraud
CPAs auditing nursing homes and hospices should be aware of the potential for fraud in the industry. Nursing home fraud adversely affects those paying for such care, both as caregivers and as taxpayers through support of Medicare and Medicaid, which...
Global Integration of Accounting Standards: An Interview with Thomas J. Linsmeier
Thomas J. Linsmeier has been a member of the Financial Accounting Standards Board since 2006. He has also served as an academic fellow and special consultant to the office of the chief accountant to the SEC. He was responsible for developing U.S. financial...
Global Integration of Accounting Standards: An Interview with Tom Jones
Tom Jones is a British chartered accountant who has worked as a preparer for 40 years, including 20 years in executive roles at Citibank and Citicorp in New York Jones has served as vice chairman of the International Accounting Standards Board (IASB)...
How Does the U.S. Measure Up?
The first panel discussion at the Lubin Forum on Contemporary Accounting Issues focused on how companies can make the transition from U.S. Generally Accepted Accounting Principles (GAAP) to International Financial Reporting Standards (IFRS).The panel...
In Focus: A Forum on International Issues
Global Integration of Accounting Standards: How Do We Get It Done?International accounting was the subject of the Lubin School of Business at Pace University's second annual Forum on Contemporary Accounting Issues, hosted in conjunction with the International...
Luncheon Keynote Address from Julie A. Erhardt
From her vantage point as deputy chief accountant of the SEC and chair of the accounting committee at the International Organization of Securities Commissions (IOSCO), Julie A. Erhardt has a firsthand look at the looming changes in financial reporting...
Preventing and Detecting Collusive Management Fraud
The Audit Committee's Oversight RoleWhile much emphasis has been placed on audit committees' responsibility for the prevention, detection, and correction of fraud and corporate misconduct, there is a more proactive approach to the specific risks and...
Problems and Prospects for Schedule C Preparers
Three recendy released documents highlight die increased importance mat die federal government and ERS are placing on the intersection of tax preparers and Form 1040 tax returns that include Schedule C:* The Small Business and Work Opportunity Act of...
Putting Taxes into Focus
Evaluating Candidates' Proposais with the SET TaxAlthough there are substantial differences between Senators Barack Obama and John McCain in this election year, both presidential candidates agree that tax reform is of paramount importance.No matter who...
Recruiting the Best Accounting Students in a Tight Market: Some Guidance
Thanks to the passage of the Sarbanes-Oxley Act (SOX) in 2002 and the decline in the number of accounting majors during the late 1990s, the demand for top accounting graduates currently exceeds the supply. As a result, many firms are having a difficult...
SOX Section 404 Material Weaknesses Related to Revenue Recognition
Previous research on restatements and financial statement fraud reveals that revenue recognition is perhaps the single greatest problem area in U.S. financial reporting. In response to a proliferation of revenue recognition problems in the late 1990s,...
The Future of Sarbanes-Oxley
An Exclusive Interview with Former U.S. Senator Paul S. SarbanesPaul S. Sarbanes served in the U.S. House of Representatives beginning in 1970, where he introduced the first article of impeachment against President Richard Nixon. He was a Democratic...
Trust-Owned Life Insurance: A Lawsuit Waiting to Happen?
Trusts are often central to estate planning. Individuals set up trusts for a number of different objectives and name trustees to manage and look after the assets. Clients often name their accountant as their trustee. Trustees are usually aware that the...
Understanding Litigation Risks Associated with Identity Theft
The problems facing consumers who are victims of identity theft are familiar, but little attention has been paid to the implications for the companies whose data have been stolen. Anyone involved in a business' risk management process should be aware...
United States-Canada Income Tax Treaty Update
On September 21, 2007, U.S. Secretary of the Treasury Henry M. Paulson, Jr., and Canadian Minister of Finance Jim Flaherty signed the Fifth Protocol to the United States-Canada Income Tax Treaty. This agreement is the result of nearly 10 years of negotiations....
Website of the Month: WikiCPA
WikiCPA, at www.wikicpa.com, is an open-source website created in May 2006 for CPAs. WikiCPA is patterned after Wikipedia and allows the general public to freely use and create the website's content. In contrast to a discussion forum, where users post...

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.