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Featured

The Equifax Data Breach

What CPAs and Firms Need to Know Now

By  Sidney Kess, JD, LLM, CPA and Walter Primoff, CPA/PFS, CGMA

December 2017 0

In the wake of the Equifax computer breach—in which key personal information of 145 million Americans was stolen—it may be correct to assume that anyone…

Columns

Tax Changes in the 2017/2018 New York State Budget

By  Corey L. Rosenthal, JD, Annie Yang and Peter Rabinowitz, JD

June 2017 0

On April 10, 2017, Governor Andrew Cuomo signed into law New York's 2017/2018 Budget Bill, which contains significant tax measures that CPAs need to be…

Featured

ICYMI | Top 10 Client Screening, Acceptance, and Termination Considerations in Tax Engagements

By  John F. Raspante, CPA, MST, CDFA and Michael Pescatore, CPA

December 2017 0

CPAs in all areas of practice encounter client screening, acceptance, and termination (CSAT) scenarios daily. CSAT is without a doubt the first line of defense…

Featured

Forensic Accounting

A Value-Adding Skill for the CPA

By  Eric A. Kreuter, PhD, CPA, CFE, CGMA, CMA, MAFF

November 2017 0

Accountants, especially those in public accounting, normally strive for attainment of the coveted Certified Public Accountant (CPA) designation. After four to five years of study,…

Featured

Essentials of Personal Financial Planning

By  Edward Mendlowitz, CPA/PFS, ABV

December 2017 0

Many CPAs and most tax specialists perform personal financial planning (PFP) services; the AICPA estimates that more than 100,000 of its members perform some form…

Featured

6 Proactive Steps CPAs Should Take to Help Individuals Plan

By  Martin Shenkman, JD, CPA/PFS, AEP

November 2017 0

Too often, valuable planning steps fall between the tasks a high-net-worth individual's various advisors believe to be within their purview. Should the step be addressed…

Featured

Casualty Loss Deductions and Other Hurricane-Related Tax Benefits

Updated for Hurricanes Harvey and Irma

By  Elizabeth Forspan, JD and Robert S. Barnett, JD, CPA

September 2017 0

Editor's Note: This article was originally published in February 2013 as "Casualty Losses for Property Damaged by Hurricane Sandy" and has been updated to address…

Featured

Accounting for Leases Under the New Standard, Part 1

Definition and Classification of Leases and Lessee Accounting

By  Robert Singer, PhD, CPA, Alyssa Pfaff, Heather Winiarski and Mark Winiarski, CPA

August 2017 0

In Brief The new lease accounting standard, released by FASB in early 2016, represents one of the largest and most impactful reporting changes to accounting…

Featured

Bitcoin: Rise of Virtual Currency and its Downfalls

IRS Regulations and Other Drawbacks For Bitcoin

By  Rick Barlin, CPA

October 2017 0

Over the past eight years, financial professionals’ interest in bitcoin and other digital currencies has increased, and now regulators have taken notice. The federal government…

Featured

8 Ways To Leverage Technology For Better Client Relationships

By  Jason L. Ackerman, CPA, CFP, CGMA

August 2017 0

The best way for a CPA firm to become successful is to build long and lasting relationships with clients. The more time CPAs spend with…

Featured

Accomplishing Estate Planning Goals through the Use of Partnership Income Tax Rules

By  William T. Kriesel, CPA/PFS, CFP, AEP

May 2017 0

In Brief Many strategies exist for transferring wealth from one generation to the next without running afoul of the estate tax. Most of these, however,…

Featured

Are Sustainability Rankings Consistent Across Ratings Agencies?

By  Beixin (Betsy) Lin, PhD, Silvia Romero, PhD, Agatha E. Jeffers, PhD, CPA, Laurence DeGaetano, CPA and Frank Aquilino, CPA

July 2017 0

In Brief As more and more companies begin to devote serious attention to sustainability reporting, many different systems of rating the depth and effectiveness of…

Featured

Blockchain: An Emerging Solution for Fraud Prevention

By  Jun Dai, Yunsen Wang and Miklos A. Vasarhelyi, PhD

July 2017 0

Fraud prevention is a critical and ongoing consideration for companies all over the world. According to the 2016 Report to the Nations on Occupational Fraud and…

News & Views

Businesses, Auditors Repeat Concerns About Debt Classification To FASB

By  Thomson Reuters Checkpoint

May 2017 0

FASB News Businesses, Auditors Repeat Concerns about Debt Classification. Businesses, professional groups, and audit firms repeated concerns they raised to the FASB while the board…

Featured

Chief Value Officer: Accountants Can Save The Planet

By  Edward Mendlowitz, CPA/PFS, ABV

August 2017 0

This short book addresses the very important topic of how to save the planet, and it presents the ways in which progress on that goal…

Featured

Current Developments at the SEC

By  Wesley Bricker, Norman Strauss, Michael Kronforst and Michael Maloney

August 2017 0

Maloney began the panel by discussing recent enforcement cases, focusing on areas where there are, as he put it, “repeat problems.” These included revenue recognition,…

Deep Learning and the Future of Auditing Featured

Deep Learning and the Future of Auditing

How an Evolving Technology Could Transform Analysis and Improve Judgment

By  Ting Sun and Miklos A. Vasarhelyi, PhD

June 2017 0

In Brief This article introduces deep learning technology—an emerging form of artificial intelligence that can be trained to recognize patterns in vast volumes of data…

Featured

Digital Currency: Market Value of Bitcoin, Ethereum, and Litecoin

Taxation, Enforcement, and the John Doe Summons

By  Michael Sardar, JD

September 2017 0

Several years ago, the IRS started its successful takedown of secret Swiss banking with the use of a John Doe summons. Currently, it is trying…

Featured

ERISA’s Reasonable Fee Requirement

By  Sheldon M. Geller, JD, CPA

September 2017 0

Concerns regarding litigation over excessive 401(k) plan fees and conflicts of interest dominate the current thinking of plan fiduciaries. More plan sponsors are engaged in…

Videos & Media

Fake Earnings: Accountants and Non-GAAP Financial Measures

By  CPAJ Staff

August 2017 0

Video: Watch our fake earnings segment from the voices of the profession with Smart Pros Editor. Also, don't forget to read our recent article on…

Featured

From Monastery to Marijuana Marketplace: One CPA’s Journey

By  Chris Gaetano

August 2017 0

Editor's Note: CPAs who plan to practice in this area are cautioned to familiarize themselves with the relevant state and federal laws governing the distribution, sale,…

Featured

How Online Learning Compares to the Traditional Classroom

Measuring Accounting Course Outcomes

By  Clement Chen, PhD, CPA, Keith T. Jones, PhD, CPA and Keith Moreland, PhD, CPA

October 2017 0

In Brief As the popularity of online instruction spreads, many have questioned whether the method produces similar outcomes to the traditional classroom. The authors surveyed…

Featured

How the CPA Profession Has Evolved

By  Sidney Kess, JD, LLM, CPA

June 2017 0

I started my career with Lybrand, Ross Bros. & Montgomery (LRB&M) in 1952. Back then, life was simpler for CPAs. If you had the credentials,…

Humans vs. Robots Featured

Humans versus Robots

Who to Turn to for Investment Advice?

By  Martin E. Levine, CPA, ChFC, CAP and Jesse Mackey

May 2017 0

There is much discussion in the financial planning world about the disruptive impact of technological advances on the industry, particularly the possibility of the “robo-advisor”…

Featured

ICYMI | Future of the CPA Profession

Graduate Student Perspectives on the Value and Purpose of the Profession

By  Tracey J. Niemotko, JD, CPA, CFE

October 2017 0

As an accounting professor at Mount Saint Mary College, the author teaches a graduate accounting research course. Students in this capstone seminar are all working…

Featured

ICYMI | It’s Amazing What CPAs Can Do

From a Farm in Taiwan to a Firm in New York

By  Miaoling Lin, CPA

March 2021 0

Editor's Note: This article originally appeared in the February 2016 Issue of The CPA Journal. It introduced what we hope will become a regular print and multimedia series of…

It's Amazing What CPAs Can Do: How Technology Drives Entrepreneurship Featured

ICYMI: It’s Amazing What CPAs Can Do: How Technology Drives Entrepreneurship

By  Akshay Shrimanker, CPA

May 2017 0

I was born in London, England, to parents of Indian descent and grew up in a single-parent household most of my childhood. My mother had…

Featured

Is the Accounting Profession Committed to Closing the Skills Gap?

By  Jeff Thomson, CMA, CAE

October 2017 0

Accounting's open secret has several names—the skills gap, the education bubble, the talent shortage. Regardless, the challenge has remained the same for half a century.…

Featured

Not-for-Profit Entities and the New Revenue Recognition Standard

By  Richard A. Turpen, PhD, CPA, CFE

May 2017 0

In Brief FASB's new revenue recognition standard will become effective for most not-for-profit (NFP) entities in 2019. Although this date may seem distant, the new…

Featured

Panel Discussion on Integrated Reporting

A Practical Perspective from Preparers and Practitioners

By  Kristen B. Sullivan, CPA, CGMA, Aaron Briggs, JD,, Marcy Twete and John White, JD

July 2017 0

Sullivan opened the panel by speaking about the importance of a more holistic view of corporate performance. While noting that neither traditional financial reporting nor…

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Our Latest Content

  • First Look at the Secure Act 2.0 January 2023
  • CPAJ News Briefs: FASB, IASB, AICPA January 2023
  • Toward Resolving IRS Staffing Shortages January 2023
  • Seven Ways to Decrease Stress at Work January 2023
  • Practice Management and Tax Practice in the Current Environment January 2023












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