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…
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)
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…
FASB News Proposed Concepts for Presenting Financial Statement Items Finalized On December 9, FASB voted 6 to 1 to finalize its August 2016 proposal on…
ICYMI | Seven Years at the Forefront of Standards Setting
A Look Back from Outgoing FASB Chairman Russell G. Golden
In Brief For the last seven years, Russell G. Golden has served as FASB's chairman. During this time, and for the nine years previously, he…
Significant changes are coming to the audit report. The Auditing Standards Board (ASB) issued SAS 134, Auditor Reporting and Amendments, Including Amendments Addressing Disclosures in…
The year 2012 was monumental for estate and retirement planning. Individuals flooded advisors' offices in the latter part of the year to make gifts to…
CPAs often engage in conversations with others about the United States' financial condition. These conversations can be part of a CPA's practice or they may…
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.…
My journey to becoming a CPA was not typical, as accounting was not my first career. I was born and raised in Lublin, a city…
FASB News PCC Approves Share Option Proposal, with Clarifications The Private Company Council (PCC) unanimously said the FASB should move forward with an August proposal…
A Century of Not-for-Profit Accounting
An Historical Perspective
In Brief Just as the business world has changed in the past 90 years, so has the world of not-for-profit (NFP) organizations. NFPs have grown…
From name-brand corporations like JCPenney and Neiman Marcus to small and mid-sized companies, businesses of all sizes are responding to pandemic-related lockdowns by seeking refuge…