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February 2017 Issue

Home /Magazine/February 2017 Issue
Feature Articles

ICYMI | An Introduction to Data Analysis for Auditors and Accountants

By  Alexander Kogan, PhD, Deniz Appelbaum, PhD and Miklos A. Vasarhelyi, PhD

March 2018 0

In Brief The audit world is changing. Technology has transformed business processes and created a wealth of data that can be leveraged by accountants and…

Feature Articles

ICYMI | The Future of Auditing

A Roundtable Discussion

By  Scott Marcello, Thomas Ray, Doug Carmichael, Jim Peterson, JD, Sridhar Ramamoorti, Salvatore Collemi and Bruce Nearon

February 2018 0

In Brief Technology has transformed the way that businesses operate. The auditing profession is no exception. The SEC's recently released statistics for fiscal year 2016…

February 2017 Issue

In this Issue: February 2017

By  CPAJ Staff

February 2017 0

The auditing franchise entrusted to the CPA profession represents a valuable grant of public trust. Given the myriad ways that technology is transforming audit practices,…

Featured

It’s Amazing What CPAs Can Do

From a Farm in Taiwan to a Firm in New York

By  Miaoling Lin, CPA

February 2017 0

Editor's Note: This month we introduce what we hope will become a regular print and multimedia series of personal viewpoints by CPAs from all corners…

News & Views

The Other Expectations Gap in Auditing

Is the Profession Attracting the Right People to Meet its Intellectual Challenges?

By  Howard B. Levy, CPA

February 2017 0

Many aspiring CPAs and auditors have a certain image of the profession. Some are attracted because of its perceived order and structure. Others are pointed…

Featured

Introduction to Data Analysis for Auditors and Accountants

By  Alexander Kogan, PhD, Miklos A. Vasarhelyi, PhD and Deniz Appelbaum, PhD

February 2017 0

In Brief The audit world is changing. Technology has transformed business processes and created a wealth of data that can be leveraged by accountants and…

Letters to the Editor

Letters to the Editor: Another Call for Less Onerous CPA Licensing Regulation

By  Howard B. Levy, CPA

February 2017 0

I was delighted to see Edward A. Weinstein's articulate and insightful account of his struggle to deactivate his New York CPA license in his letter,…

News & Views

Tax & Accounting Update

By  CPAJ Staff

February 2017 0

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

Reporting of Discontinued Operations: Past, Present, and Future Analysis

Reporting of Discontinued Operations

Past, Present, and Future

By  Denise Dickins, PhD, CPA, CIA, Dennis O'Reilly O'Reilly, PhD, Mark McCarthy, PhD, CPA and Douglas Schneider, PhD, CPA

February 2017 0

In April 2014, FASB issued Accounting Standards Update (ASU) 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity, which is effective…

MYP | How Value-Based Billing Helps Firm Culture Columns

MYP | How Value-Based Billing Helps Firm Culture

By  Jason L. Ackerman, CPA, CFP, CGMA

February 2017 0

Tax season has long been a rite of passage for staff and management alike. Staff must put in the billable hours to prove to the…

Featured

Reflections on Changes in the Financial Reporting Environment

By  Larry Smith, CPA

February 2017 0

The following is taken from remarks made at the end of a speech Larry Smith made on September 21, 2016, at the AICPA's 2016 National…

Applying the Equity Method under ASU 2016-07 Another Milestone in FASB's Simplification Initiative Analysis

Applying the Equity Method under ASU 2016-07

Another Milestone in FASB’s Simplification Initiative

By  Brian W. Carpenter, PhD, CMA and Daniel P. Mahoney, PhD, CPA, CFE

February 2017 0

In March 2016, FASB issued Accounting Standards Update (ASU) 2016-07, Simplifying the Adjustment to the Equity Method of Accounting. This update was issued as part…

News & Views

Financial Reporting Blogs

By  Susan B. Anders, PhD, CPA/CGMA

February 2017 0

CPAs enter 2017 with the responsibility of addressing new accounting and reporting standards in an environment of increased data security necessity and regulatory requirements. When…

Succession Woes? Generation X May Be the Cure Publisher's Column

Succession Woes? Generation X May Be the Cure

By  Joanne S. Barry, CAE

February 2017 0

So much has been written about generational tensions between baby boomer bosses and the millennials they're trying to attract and retain—their differing points of view…

Columns

The SEC of the (Immediate) Future What to Expect

By  Allan B. Afterman, PhD, CPA

February 2017 0

President Trump has nominated Wall Street lawyer Walter “Jay” Clayton to be the next chairman of the SEC. While Clayton has no experience as a…

TFA | Legal, Tax, and Financial Issues for Helping Parents Columns

TFA | Legal, Tax, and Financial Issues for Helping Parents

By  Sidney Kess, JD, LLM, CPA, James R. Grimaldi, CPA, James A.J. Revels, CPA and Elizabeth Forspan, JD

February 2017 0

More than two dozen states have filial responsibility laws requiring children to provide necessities to parents who are unable to provide such necessities for themselves.…

Columns

AUD | Auditing Fair Value and Other Accounting Estimates

By  Howard B. Levy, CPA

February 2017 0

A basic postulate of financial accounting is that timely financial reporting requires the use of estimates. And it is a fact that all accounting estimates,…

Feature Articles

The Future of Auditing: A Roundtable Discussion

By  Scott Marcello, Thomas Ray, Doug Carmichael, Jim Peterson, JD, Sridhar Ramamoorti, Salvatore Collemi and Bruce Nearon

February 2017 0

In Brief Technology has transformed the way that businesses operate. The auditing profession is no exception. The SEC's recently released statistics for fiscal year 2016…

Variable Lease Payments Analysis

Variable Lease Payments: Implications under the New Lease Standard

By  John Briggs, PhD, CPA, CMA, Joseph Beams, PhD, CPA, Charles P. Baril, PhD, CPA and Luis Betancourt, PhD, CPA

February 2017 0

After years of anticipation, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) have issued their final standards on lease accounting.…

Consolidation of Variable Interest Entities for Private Companies Accounting Alternatives under ASU 2014-07 Analysis

Consolidation of Variable Interest Entities for Private Companies Accounting Alternatives under ASU 2014-07

By  Cary D. Lange, PhD, CPA and James M. Fornaro, DPS, CPA, CMA, CFE

February 2017 0

FIN 46(R), Consolidation of Variable Interest Entities—An Interpretation of ARB No. 51, was issued in December 2003 in response to accounting scandals in which certain…

RPA | 401(k) Plan Service Provider Selection and Retention Featured

RPA | 401(k) Plan Service Provider Selection and Retention

By  Sheldon M. Geller, JD, CPA

February 2017 0

Plan fiduciaries must take specific steps in the selection and retention of service providers to properly carry out their fiduciary duties. Retirement plan committees and…

Columns

PFP | Analyzing an Investment Manager’s Proposal

By  Sidney Kess, JD, LLM, CPA and Edward Mendlowitz, CPA/PFS, ABV

February 2017 0

CPA financial planners frequently are asked to review proposals from investment managers. While these assignments can be challenging, the following strategies can help guide individuals…

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Our Latest Content

  • Technostress and the Accounting Profession February 2023
  • Diversifying the Audit Profession February 2023
  • Adding Age (A) to DEI Is a Good IDEA February 2023
  • CPAJ News Briefs: FASB, AICPA February 2023
  • Enhancing Employee Resilience February 2023












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