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. 11, November

A Clear Look at Tax Software
2012 Annual Survey of New York State Tax ProfessionalsNew York State tax professionals who responded to the 2012 annual survey continue to report utilizing the most popular tax software products, with some additional products from prior years. Overall...
A Uniform CPA Exam, but Not-So-Uniform Requirements
Education and Licensure Rules Vary among StatesAccounting professionals expect that the principles, rules, and laws of the profession will be applied uniformly; in fact, accountants focus on advising businesses how to consistently and fairly apply accounting...
Comparative Negligence Defense in Tax Return Preparation Malpractice Actions
Individuals who retain professionals to prepare their tax returns expect knowledge and expertise from them. In an ideal world, taxpayers want clean returns that will not attract IRS scrutiny or additional tax, interest, or penalties. But accountants...
Evaluating the AICPA's CPA Horizons 2025
A "Road Map for the Future" or a More Socially Responsible Path?In late November 2011, the AICPA released the results of CPA Horizons 2025: A Road Map for the Future, a strategic look into the next 15 years of the CPA profession that built on its 1998...
Fiduciary Financial Management in Nonprofit Organizations
The volunteer sendee of CPAs who join nonprofit boards and committees is central to nonprofit success; however, many volunteers arrive unfamihar with the differences between commercial and nonprofit financial environments. Organization executives running...
How to Prosper during an Economic Downturn
Strategies and Opportunities for Accounting FirmsTough economic times have occurred periodically throughout history; according to the National Bureau of Economic Research, there have been 10 recognized U.S. recessions mat covered approximately nine years...
Inbox: Letter to the Editor
The Importance of Education in Building the ProfessionI was pleased to read Joanne Barry's publisher's column, "A Pathway for Access to the Profession," in the September issue of The CPA Journal. It dealt with the need to teach accounting at the high...
New York CPAs: Your Neighbors Need You
The housing crisis has had a domino effect on the economy - and, in tum, on millions of Americans. Even if you don't personally know people who have lost - or are at risk of losing - their homes, you most likely don't have far to look: more than 345,000...
PCAOB Auditor Inspections and Foreign Auditors
Questions about Audit QualityThe Sarbanes Oxley Act of 2002 (SOX) requires all auditors of companies listed on U.S. exchanges to be registered with the Public Company Accounting Oversight Board (PCAOB) and undergo regular PCAOB inspections. The PCAOB...
Sales and Use Taxes for E-Commerce Transactions
Examining Court Decisions and Pending LegislationMost states impose sales and use taxes on retail sales of certain tangible personal property. Sellers with a physical presence in the state must report their taxable sales and remit the appropriate amount...
The 2007-2009 Recession in Focus
Its Impact on Individual Taxpayers and StatesSince 1900, the United States has weathered - by the count of most experts - 23 economic recessions, averaging about one recessionary period every five years through 2010. No two recessions had the same duration...
The Communication Methods of Today's Students
Is the Phone Conversation Dead?Today's rapidly changing environment and proliferation of smartphones and other new devices has meant that the ways in which people prefer to communicate with others, find out the latest news, and perform their job duties...
Upward Revaluation of Nonfinancial Assets
Should It Be Available in U.S. GAAP?The two most widely recognized sets of accounting standards - U.S. GAAP and IFRS - address the measurement of nonfinancial assets differently, and compelling arguments exist in favor of each approach. Despite the challenges...
Website of the Month: Valuation Resources
ValuationResources.com is a wellorganized collection of materials pertaining to business valuation in the United States and Canada, as well as general business advising. Even CPAs who do not have a specific interest in valuation issues can find many...
With a Fiscal Cliff Looming
The Future Ain't What It Used to BeAs the end of the year approaches, we are reminded mat tax increases and mandated federal spending cuts are scheduled to take effect on January 1, 2013, unless U.S. policymakers can successfully find a nonpartisan solution...