Flipping the Switch The landscape changed quickly for CPA firms after the coronavirus (COVID-19) pandemic hit. Managing partners had to deal with massive changes to…
Additional Coronavirus Relief in the Consolidated Appropriations Act of 2021
Provisions Affecting Individual Taxpayers
On December 27, 2020, President Trump signed the Consolidated Appropriations Act of 2021 (CAA 2021) to fund the government for the balance of the fiscal…
IASB News Rules Related to Accounting Policies, Disclosures Expected Next Month In February, the IASB will modify rules on the disclosure of accounting policies, and…
As accounting faculty at a public university, the authors believe the accounting profession has an obligation to combat implicit bias. Some may object that addressing…
Advice for Retaining African American Accountants
Using ‘Perspective-Taking’ to Strengthen Interpersonal Relationships
In Brief Creating a diverse and inclusive work environment entails a variety of strategies. One common approach is to encourage professionals to be authentic to…
The State of the Profession
Analyzing the Results of the 2020 Practice Management Survey
In Brief The sixth annual 2020 NYSSCPA–Rosenberg Survey identifies trends from the national 22nd Annual Practice Management Survey and provides profitability and growth data of…
ICYMI | When Will We Be Able to Breathe in Accounting?
Provoking an Honest Conversation about Race and Racism in the Profession
“I can't breathe.” Three words seared into the minds of Black and Brown people in the United States and the world over. We heard George…
ICYMI | Building a Diverse Professional Community
Perspectives from the Chinese American Society of CPAs
Editor's Note: On the occasion of The CPA Journal's 90th anniversary of publication, the editors asked the leadership and members of the Chinese American Society of CPAs (http://www.cascpa.org)…
ICYMI | Fostering Diversity and Inclusion in the Accounting Workplace
Benefits, Challenges, and Strategies
As the United States becomes more diverse, ethnically and otherwise, the pressure on companies to reflect that diversity through their hiring practices has grown. But…
GASB News Accounting Definition for Compensated Absences to Be Tweaked On January 12, GASB discussed amendments to decades-old rules for reporting vacations, sick leave, paid…
ISM Manufacturing Index After a strong rebound in the second quarter, the momentum in the industrial sector is showing signs of slowing. While still in…
Tax & Accounting Update is provided by Thomson Reuters and based on material published on Checkpoint, its online news and research platform. The Update is…
To The CPA Journal: Congratulations on your 90 years of service to the public and profession. You are even more vital and relevant today than…
FASB News Private Company Council Sets Town Halls The Private Company Council (PCC), the body that advises the FASB on private company accounting matters, will…
In Brief Generation Z is beginning to enter the workforce, bringing with it a demographic shift that will affect every facet of American society, including…
It was 90 years ago that my father started his first job in public accounting. When he died in 1976, I took over his practice.…
Topics and Trends in The CPA Journal (1993–2020) [Web Exclusive]
A Text Mining Analysis
The CPA Journal, “The Voice of the Profession,” is the NYSSCPA’s monthly flagship publication and top member resource. The Journal has nationally focused content written by…
Topics and Trends in The CPA Journal (1993–2020)
A Text Mining Analysis
The CPA Journal, “The Voice of the Profession,” is the NYSSCPA's flagship publication and top member resource. For many years, it has been a valuable resource…
Editor's Note: As we celebrate our 90th year of publication, longtime author and Editorial Board Member Sid Kess brings a rare perspective of The CPA Journal and the…
FASB News Goodwill Triggering Event Evaluation for Private Companies, Nonprofits Proposed FASB issued a proposal to allow private companies and nonprofits to evaluate whether an…
ICYMI | A 2020 Global Auditing Forecast
What Might the New Year Bring?
In the Big Audit model—by which the world's large public companies engage the international networks of the Big Four to provide financial statement assurance for…
An Historical Perspective of CPA Liability
Adapting to Greater Expectations and Growing Exposures
Prior to the mid-1960s, litigation against accountants and other professionals was relatively rare. By 1970, however, expanded concepts of consumer rights brought an escalation in…
CPA Firm Websites
Then and Now
Long-time readers may be aware that the Tech Talk column began as an occasional feature called Website of the Month in 2001. My involvement officially…
Building a Diverse Professional Community
Perspectives from the Chinese American Society of CPAs
Editor's Note: On the occasion of The CPA Journal's 90th anniversary of publication, the editors asked the leadership and members of the Chinese American Society of CPAs (http://www.cascpa.org)…
FASB News Banking Industry Has Provided Timely Data on Credit Losses During Current Crisis The banking industry has risen to the occasion to answer investor…
The IRS is increasingly relying on correspondence audits to audit small businesses. This report of a correspondence audit of the personal income tax returns of…
Mind the GAAP
The Evolution of the Auditor’s Role and the ‘Fraud Expectation Gap’
Newly minted CPAs typically have limited hands-on auditing experience. They almost always have no training in specialty areas, such as forensics. A term now commonly…
As internal audit functions adapt, evolve, and transform to meet emerging risks and challenges their organizations face, financial professionals need to consider what the organizational…
From the earliest accountants in Egypt and Babylonia to the father of modern accounting Luca Pacioli, the accounting profession has led efforts throughout history to…
Becoming Successful in Today’s Professional World
A Personal Reminiscence
Editor's Note: As we celebrate our 90th year of publication, longtime author and former NYSSCPA President Alan E. Weiner brings his perspective on how to build…