The CPA Journal

The CPA Journal The CPA Journal is a nationally recognized publication of the @NYSSCPA. It is edited by CPAs for CPAs.

For more than 85 years, The CPA Journal has been earning its reputation as an objective, critical source of information on issues of interest to CPAs. The Journal provides analysis, perspective, and debate on the issues that affect the CPA profession. Major topics include accounting and auditing, taxation, personal financial planning, finance, technology, and professional ethics. Published by the New York State Society of CPAs, The Journal's active editorial and review process ensures thorough technical quality and material relevant to CPAs in public practice, industry, government and education.

Check out the January 2020 issue of The CPA Journal: cpajournal.com/category/magazine/january-2020-issue/
02/11/2020

Check out the January 2020 issue of The CPA Journal: cpajournal.com/category/magazine/january-2020-issue/

Check out the December 2019 issue of The CPA Journal: cpajournal.com/category/magazine/december-2019-issue/
01/09/2020

Check out the December 2019 issue of The CPA Journal: cpajournal.com/category/magazine/december-2019-issue/

Check out the October 2019 issue of The CPA Journal: cpajournal.com/category/magazine/october-2019-issue/
11/01/2019

Check out the October 2019 issue of The CPA Journal: cpajournal.com/category/magazine/october-2019-issue/

Find your next job! Our career fair is open to those in transition, new CPAs, CPA candidates and students. Make direct c...
09/24/2019

Find your next job! Our career fair is open to those in transition, new CPAs, CPA candidates and students. Make direct contact with New York’s top accounting hiring managers. Learn about job opportunities with many different firms in just a few hours. This event is FREE for members! Reserve your spot at nysscpa.org/careerfair19.

We are honored to announce that the CPA Journal was included as a source in the UN's Conference Report on Sustainable De...
07/18/2019
Current State of Assurance on Sustainability Reports - The CPA Journal

We are honored to announce that the CPA Journal was included as a source in the UN's Conference Report on Sustainable Development Goals on May 15th, 2019 in New York and Geneva. Check it out here.

In Brief Corporate sustainability reporting is becoming more widespread with each passing year, and with that growth comes the need for companies to back

Make sure you're safe.
07/16/2019
Cybersecurity Tools for CPAs - The CPA Journal

Make sure you're safe.

In a speech at Baruch College's 18th Annual Financial Reporting Conference, PCAOB member Kathleen Hamm stated: “Technology offers the promise of combining

The correct treatment of transactions as exchanges or contributions, and then as contributions with donor-imposed condit...
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

Hackers Make Off With $40 Million in Bitcoin After Tuesday Night Heist http://bit.ly/303vnho
05/08/2019

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

Please join us for an elegant dinner honoring the 100th president of the Society, Ita M. Rahilly. Space is limited, RSVP...
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

The Truth about Workpaper Sign-offs - The CPA Journal
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

FASB and AICPA updates and more.
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

The authors discuss the verbalizations used by fraud perpetrators to convince themselves that they are doing nothing wro...
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

04/12/2019

Something to think about.

04/08/2019

Monday, let's do this!

04/06/2019

CPAs for the win!

"By criticizing erroneous or incomplete reports, perhaps with governmental agencies as catalysts, accounting critics can...
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.

04/02/2019

Tuesday humor.

In honor of Equal Pay Day, we're throwing it back to our 2018 Women's Leadership Forum where keynote speaker Lilly Ledbe...
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

The April TaxStringer has arrived! The issue features pieces on opportunity zone investments, the Connecticut pass-throu...
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.

Discover the state of whistleblower protections for CPAs in the United States, focusing on federal, New York, and New Je...
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.

Failure Study - The CPA Journal
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

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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

The CPA Journal: Voice of the Profession
The CPA Journal: Voice of the Profession

Check out @thecpajournal 's latest interview with Tony Menendez and Steven Mintz on the huge debate over #ethics of the #CPA Profession.

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Be sure to read the new directions in the accounting education. So important for our future accountant🙏😃 graduates and interested in becoming CPAs
Business Networking and your CPA Practice Is business networking right for your CPA practice? I don't have the answer to that question. I can only share my experience and the positive impact networking has had on my business as a financial professional. Whether you're a CPA working for a large firm that has a big budget to advertise and attract new business or an independent CPA who owns your own practice, I believe networking should be a regular part of your business growth strategy. Why you may ask? Well unless you have all the business and clients YOU want or need, the answer is obvious. To attract more business and clients. I addition, I believe that if you pursue more business for yourself it benefits both you and your firm. As an Independent Financial Professional specializing in “alternative investment” strategies I joined CalCPA a couple of years back, as a “Financial Professional” member because I had been working with all a few select CPA's who referred business to me, and I to them, and I saw the value of expanding my network of CPA's. What's more, with my niche financial offering, there were not many networking formats that met my need of being in an environment where I could meet my ideal prospect. Yet I do believe strongly in the value of networking. Proper and productive networking. So much so that about 9 years ago, when faced with the question of how to attract more business for my specialized financial offering, I responded by starting my own business networking group. The format was designed to not only enhance my business, but to also enhance the business of our members. We bring together a group of like minded business professionals of different but complimentary professions, such as CPA's to meet and build relationships and add to our referral base. The members of the group refer to other members and we all have a large pool of professionals that we have a relationship with that we can utilize as a one stop source for our members, clients and prospects needs. Through the Business Networking Group that I founded, I am consistently networking to meet new people who could very well become my clients As a side note, networking within your own profession may be good to gain new business specific knowledge or skills, but it may not necessarily help you get more clients or business. For a CPA, I believe by building a network of collaborative professionals such as financial advisors, trust attorneys, business owners and other non-CPA professionals it will help your CPA practice attract more clients and help grow you business. What's more, YOU as the CPA become the “Go To” person for your prospects, clients and fellow CPA's who are looking for a “full service” firm to meet their various tax and financial needs. While networking may be uncomfortable at first and nudge you out of your comfort zone I believe once you start and find the right networking format for you (or start your own?) you will soon understand that it is something that should have been done earlier. Especially when you see that you are getting results. I know as a financial professional I can say confidently that my networking efforts have been very rewarding not just for the business growth but also the many relationships and friendships I have developed over the years. There are many business networking groups out there, so you may want to check out a few and see which feels right and will work for you. And I believe that once you give networking a try, you too will see that the numbers add up and contribute to the bottom line! And, as mentioned earlier, I started my own unique business networking group and built it around my passion for Cigars and Single Malt Scotch. My group has grown over the years to an email membership of over 2000 members all over California as well as multiple Facebook sites. We have monthly meetings in our Los Angeles, San Diego and Orange County chapters with attendance ranging from 50 to 100+ Business Owners, Executives, Professionals and Entrepreneurs. All attendees come ready to meet, mingle, have fun, network and build relationships. AND...grow their business. So, I refer back to my original question...”is networking right for you and your CPA practice?” That is a question only you as a CPA and business professional can answer. All I can add is that for me as a Financial Professional, the answer is an unqualified yes. Cheerz! John Dade Founder - Cigar Night Business Mixer Group [email protected] FACEBOOK: https://www.facebook.com/groups/131949570265821/ 877-331-2533 Office / Cell John Dade is a Registered Investment Advisor Representative with the SEC and FINRA with a Series 65 License as well as Series 3 Licensed Associated Person with the NFA and CFTC. John is also the author of …. “Is Your Networking Net Working?” … for details go to: paypal.me/JDadeNetworkingBook/9.95 #CalCPA #BusinessNetworking #Networking #Business #JohnDade #CPA
Business Networking and your CPA Practice Is business networking right for your CPA practice? I don't have the answer to that question. I can only share my experience and the positive impact networking has had on my business as a financial professional. Whether you're a CPA working for a large firm that has a big budget to advertise and attract new business or an independent CPA who owns your own practice, I believe networking should be a regular part of your business growth strategy. Why you may ask? Well unless you have all the business and clients YOU want or need, the answer is obvious. To attract more business and clients. I addition, I believe that if you pursue more business for yourself it benefits both you and your firm. As an Independent Financial Professional specializing in “alternative investment” strategies I joined CalCPA a couple of years back, as a “Financial Professional” member because I had been working with all a few select CPA's who referred business to me, and I to them, and I saw the value of expanding my network of CPA's. What's more, with my niche financial offering, there were not many networking formats that met my need of being in an environment where I could meet my ideal prospect. Yet I do believe strongly in the value of networking. Proper and productive networking. So much so that about 9 years ago, when faced with the question of how to attract more business for my specialized financial offering, I responded by starting my own business networking group. The format was designed to not only enhance my business, but to also enhance the business of our members. We bring together a group of like minded business professionals of different but complimentary professions, such as CPA's to meet and build relationships and add to our referral base. The members of the group refer to other members and we all have a large pool of professionals that we have a relationship with that we can utilize as a one stop source for our members, clients and prospects needs. Through the Business Networking Group that I founded, I am consistently networking to meet new people who could very well become my clients As a side note, networking within your own profession may be good to gain new business specific knowledge or skills, but it may not necessarily help you get more clients or business. For a CPA, I believe by building a network of collaborative professionals such as financial advisors, trust attorneys, business owners and other non-CPA professionals it will help your CPA practice attract more clients and help grow you business. What's more, YOU as the CPA become the “Go To” person for your prospects, clients and fellow CPA's who are looking for a “full service” firm to meet their various tax and financial needs. While networking may be uncomfortable at first and nudge you out of your comfort zone I believe once you start and find the right networking format for you (or start your own?) you will soon understand that it is something that should have been done earlier. Especially when you see that you are getting results. I know as a financial professional I can say confidently that my networking efforts have been very rewarding not just for the business growth but also the many relationships and friendships I have developed over the years. There are many business networking groups out there, so you may want to check out a few and see which feels right and will work for you. And I believe that once you give networking a try, you too will see that the numbers add up and contribute to the bottom line! And, as mentioned earlier, I started my own unique business networking group and built it around my passion for Cigars and Single Malt Scotch. My group has grown over the years to an email membership of over 2000 members all over California as well as multiple Facebook sites. We have monthly meetings in our Los Angeles, San Diego and Orange County chapters with attendance ranging from 50 to 100+ Business Owners, Executives, Professionals and Entrepreneurs. All attendees come ready to meet, mingle, have fun, network and build relationships. AND...grow their business. So, I refer back to my original question...”is networking right for you and your CPA practice?” That is a question only you as a CPA and business professional can answer. All I can add is that for me as a Financial Professional, the answer is an unqualified yes. Cheerz! John Dade Founder - Cigar Night Business Mixer Group [email protected] FACEBOOK: https://www.facebook.com/groups/131949570265821/ 877-331-2533 Office / Cell John Dade is a Registered Investment Advisor Representative with the SEC and FINRA with a Series 65 License as well as Series 3 Licensed Associated Person with the NFA and CFTC. John is also the author of …. “Is Your Networking Net Working?” … for details go to: paypal.me/JDadeNetworkingBook/9.95 #BusinessNetworking #Networking #CPA #CalCPA #Business #JohnDade