The CPA Journal

05/16/2019

Check out the April 2019 issue of The CPA Journal: https://www.cpajournal.com/category/magazine/april-2019-issue/

05/11/2019

FASB's New Guidance for Contributions Received and Contributions Made - The CPA Journal

The correct treatment of transactions as exchanges or contributions, and then as contributions with donor-imposed conditions or restrictions, can have a significant impact on the timing of revenue recognition, making proper treatment of these transactions imperative.

Over the years, there has been much confusion about whether to treat certain types of transactions as contributions or as exchanges, especially when they

05/10/2019

COAP is a one-week, on-campus intensive program that introduces high school juniors to the college experience, while exploring the exciting career opportunities within the accounting profession. Know someone who should apply? Send them our way! https://www.nysscpa.org/nextgen/high-school-students/coap/co-ap-locations

05/08/2019

Hackers Make Off With $40 Million in Bitcoin After Tuesday Night Heist http://bit.ly/303vnho

05/02/2019

Survey: Institutional Investors Not Shying Away From Cryptocurrencies http://bit.ly/2ZUc0Ye

04/30/2019

Please join us for an elegant dinner honoring the 100th president of the Society, Ita M. Rahilly. Space is limited, RSVP today: https://ecs.page.link/cQYH7

04/23/2019

The Truth about Workpaper Sign-offs - The CPA Journal

The Truth about Workpaper Sign-offs - The CPA Journal

Since the issuance 14 years ago of the current audit documentation standards , which are more robust than their predecessors (see this author's “Audit

04/20/2019

Tax & Accounting Update - The CPA Journal

FASB and AICPA updates and more.

Tax & Accounting Update is provided by Thomson Reuters and based on material published on Checkpoint, its online news and research platform. The

04/19/2019

Should CPA Firms Be Worried about Data Breach Claims? - The CPA Journal

Hurdles to establishing standing and demonstrating economic viability.

Driven by unceasing news reports, CPA firms are growing increasingly concerned that data breaches are increasing in both frequency and severity. With this

04/18/2019

ICYMI | Overcoming Disclosure Overload and Achieving Greater Disclosure Effectiveness - The CPA Journal

ICYMI | Overcoming Disclosure Overload and Achieving Greater Disclosure Effectiveness - The CPA Journal

Although still in the proposal stage, there has been substantial movement by both FASB and the SEC on major issues discussed by this author in his

04/17/2019

Rationalizing Fraud - The CPA Journal

The authors discuss the verbalizations used by fraud perpetrators to convince themselves that they are doing nothing wrong, as well as how fraud-related theories from the social sciences can inform the accounting profession.

In Brief The well-known fraud triangle framework includes three distinct components—perceived pressures, perceived opportunities, and rationalizations—but

04/16/2019

ICYMI | Overlooked Ethical Considerations in Mergers and Acquisitions of Accounting Practices - The CPA Journal

ICYMI | Overlooked Ethical Considerations in Mergers and Acquisitions of Accounting Practices - The CPA Journal

In Brief The current upward trend of CPA firm merger and acquisition activity shows no signs of slowing down. CPA firms and individual professionals must

04/15/2019

The IRS Faces an Unprecedented 2019 Filing Season - The CPA Journal

Happy #TaxDay!

When I served as Commissioner of Internal Revenue from 2003 through 2007, the two fears that kept me up at night were of a botched filing season and a

04/12/2019

Something to think about.

04/10/2019

The Risks of Fraud Collusion - The CPA Journal

The Risks of Fraud Collusion - The CPA Journal

The Association of Certified Fraud Examiners (ACFE), in reporting on collusion in its 2018 Report to the Nations(http://bit.ly/2BIITfH), indicates that

04/08/2019

Monday, let's do this!

04/07/2019

ICYMI | Questioning the Effectiveness of Independent Audit Committees - The CPA Journal

ICYMI | Questioning the Effectiveness of Independent Audit Committees - The CPA Journal

In Brief At the root of over a decade of regulation and best practices is the premise that the structure and independence of a company’s audit committee

04/06/2019

CPAs for the win!

04/05/2019

Confessions of an Accounting Critic - The CPA Journal

"By criticizing erroneous or incomplete reports, perhaps with governmental agencies as catalysts, accounting critics can better serve the public interest."

The AICPA Code of Professional Conduct proclaims that its members should serve the public interest, defined as “the collective well-being of the

04/04/2019

Dedicate some time this weekend to work on a networking opportunity.

04/03/2019

Analyzing the LinkedIn Profiles of Audit Partners - The CPA Journal

91% screen prospective employees through social network sites such as LinkedIn or Facebook .

As social media has become increasingly important in the recruiting and hiring process, CPA firm leaders have become increasingly visible on professional

04/02/2019

Tuesday humor.

04/02/2019

Lilly Ledbetter: Discrimination Is 'An Epidemic' That We Must Fight to End

In honor of Equal Pay Day, we're throwing it back to our 2018 Women's Leadership Forum where keynote speaker Lilly Ledbetter discussed the importance of standing up for yourself.

Advertising with the NYSSCPA is your opportunity to reach the greatest number of business advisors in the most important business state in the nation.

04/02/2019

New CPAs, it’s a tough market out there. But help is on the way. Get the career resources and strategies you need on May 3. Hurry, early bird pricing ends tonight at 11:59 PM! Details at nysscpa.org/nextgen19

04/01/2019

The TaxStringer - A Publication of the New York State Society of CPAs

The April TaxStringer has arrived! The issue features pieces on opportunity zone investments, the Connecticut pass-through entity tax and the federal SALT deduction, the foreign tax credit and the New GILTI Basket and more.

TaxStringer is the NYSSCPA’s online publication containing articles and commentaries related to numerous taxation topics, many written by members who are experts in their field or noteworthy specialists in taxation.

04/01/2019

Check out the March 2019 issue of The CPA Journal: https://www.cpajournal.com/category/magazine/march-2019-issue/

04/01/2019

Disclosure of Noncompliance with Laws and Regulations - The CPA Journal

Discover the state of whistleblower protections for CPAs in the United States, focusing on federal, New York, and New Jersey law, as well as proposed AICPA guidance, illustrated by hypothetical case studies.

In Brief CPAs are charged with protecting the public from financial and corporate fraud; sometimes, that means blowing the whistle on clients or employers

03/31/2019

Start your week off right.

03/30/2019

Failure Study - The CPA Journal

Failure Study - The CPA Journal

“Those who cannot remember the past are condemned to repeat it.” —George Santayana Public criticism of the accounting profession is intense. Users of

03/29/2019

The Benefits of Internal Audit Disclosures - The CPA Journal

The Benefits of Internal Audit Disclosures - The CPA Journal

Traditionally, the key parties involved in maintaining effective corporate governance have included company management, the board of directors (including

03/27/2019

A little accounting humor to get you to Friday!

03/25/2019

Monday motivation

03/24/2019

Now Is the Time to Change Pricing and Processes - The CPA Journal

Here are a few changes that both firms and sole practitioners can make this tax season.

With the Tax Cuts and Jobs Act (TCJA) coming into effect, completely new forms being issued, and the aftereffects of the government shutdown being felt,

03/23/2019

Not all heroes wear capes.

03/22/2019

Tax & Accounting Update - The CPA Journal

Start your weekend with a quick update from FASB, AICPA, PCAOB and GASB.

Tax & Accounting Update is provided by Thomson Reuters and based on material published on Checkpoint, its online news and research platform. The

03/21/2019

ICYMI | An Analysis of the New Sale and Leaseback Guidance - The CPA Journal

In February 2016, FASB issued Accounting Standards Update (ASU) 2016-02, Leases (Topic 842).

In February 2016, FASB issued Accounting Standards Update (ASU) 2016-02, Leases (Topic 842). Topic 842 will supersede the existing lease guidance (Topic

03/21/2019

Who doesn't love a good accounting meme?

03/11/2019

Bridging the Gap Between the Classroom and Career Readiness for New Accounting Graduates - The CPA Journal

One CPA discusses the difficulties in striking the balance between hands-on training and classic book learning.

Many years ago, I graduated with a shiny new degree in accounting and landed a coveted job at a then–Big Eight accounting firm. I was an excellent

03/08/2019

PCAOB Names First Chief Data Officer, Chief Risk Officer

This reflects the changing nature of the audit profession.

Advertising with the NYSSCPA is your opportunity to reach the greatest number of business advisors in the most important business state in the nation.

03/08/2019

Join us in celebrating #InternationalWomensDay.

Today and every day, we are inspired by the great women of our Society and the accounting profession. Tag a spectacular women you’d like to honor for International Women's Day!

03/07/2019

New York State Decouples from Certain Federal Personal Income Tax Changes - The CPA Journal

An overview of key changes.

The Tax Cuts and Jobs Act of 2017 (TCJA) made significant changes to personal income taxation. In response to the federal tax law changes made under the

03/05/2019

Lawmakers Propose Bill That Would Make Earnings Over $400K Subject to Payroll Tax, to Keep Social Security Solvent

The bill, the Social Security 2100 Act, was introduced by Rep. John Larson (D-Conn.) and has been co-sponsored by 200 House Democratic lawmakers.

Advertising with the NYSSCPA is your opportunity to reach the greatest number of business advisors in the most important business state in the nation.

02/28/2019

ICYMI | Auditors' Increased Responsibilities Under the PCAOB's New Audit Reporting Standards - The CPA Journal

The simple pass/fail template just got more complex.

In Brief For more than 70 years, the auditor's report has remained virtually the same, following a simple pass/fail template. Recent changes issued by the

02/28/2019

Check out the February 2019 issue of The CPA Journal: http://bit.ly/2VuuBHf

02/27/2019

NYS Confirms Economic Nexus Applies to Sales Taxes in Wake of Supreme Court's 'Wayfair' Ruling

The New York State Department of Taxation and Finance has released guidance as a result of the decision of South Dakota v. Wayfair.

Advertising with the NYSSCPA is your opportunity to reach the greatest number of business advisors in the most important business state in the nation.