DECEMBER  Features


The CPA Journal Millennium Series

  Preventing Fraudulent Financial Reporting

  By Mark S. Beasley, Joseph V. Carcello, and Dana R. Hermanson

  Detecting financial fraud and communicating it to management can be difficult for even the best auditors. A recent study by the Committee of Sponsoring Organizations (COSO) highlighted six key areas in a "fraud profile" that auditors can use to reduce exposure to fraudulent financial reporting. (Article)  


  Giving and Receiving Performance Evaluations
  By Mark J. Koziel   

  Employees typically dread performance evaluations, but they can be a valuable opportunity for feedback and planning. Setting specific goals and establishing a dialogue on how best to meet them will ensure that the goals of both the employee and the company are met. (Article)       


  Alternative Minimum Tax Market Segment Specialization Program

  By Darlene Pulliam Smith  

  Taxpayers are increasingly affected by the alternative minimum tax (AMT). The IRS's new audit guide in it's Market Segment Specialization Program (MSSP) addresses the AMT for individual taxpayers and includes examples that the author supplements with audit techniques. (Article)


   The New Economics of Exempt Organizations 
  By Bruce M. Bird and Mark A. Segal 

  The number of organizations exempt from federal income taxation has grown significantly in recent years. Managers looking for revenue have moved beyond donations, tapping new resources such as sponsorships and affinity programs that may constitute unrelated business taxable income. (Article)          


  Statements on Standards for Tax Services: An Examination and Overview  
  By John C. Gradner, Susan L. Willey, and Barbara J. Eide 

  Unlike the advisory SRTPs they are based on, the Statements on Standards for Tax Services (SSTS) are enforceable under the AICPA's Code of Professional Conduct and acceptable on a de facto basis by courts in certain jurisdictions, the IRS, and some government agencies. They delineate CPA's responsibilities to their clients and demonstrate that the AICPA is trying to develop tax practice standards that balance advocacy and compliance against cost-effectiveness. (Article)  


  DECEMBER Departments

   Auditing manufacturing clients in today's lean environment (Article) 
   The CPA in Industry 

   Signs of fraud (Article)   

   The CPA in Mediation and Arbitration 

   In-house resolution of employment disputes (Article)
   News bites: no comapny is too small (Article)

  Employee Benefit Plans  
   A guaranteed retirement solution for procrastinators   
   Not-for-Profit Organizations 

   Not-for-profit organizations can profit by investing in the Internet (Article) 

   IRA Planning 

  Life insurance options that protect IRA plan assets (Article)    

   2000 Annual Index 

   Looking ahead:  A message from CPA Journal Editor-in-Chief Robert Colson


DECEMBER News & Views

   Profiling financial fraud   
  The Public's Profession: Remarks by SEC Chairman Arthur Levitt    
   New Year's prediction: 2001 will be ther year for the UAA  
   Book Review: The Auditor's SAS Field Guide    

 Coming SOON

   State taxation and nexus  
   The changing nature of CPE

   How does your firm compare?  

  Attribute sampling  
Federal Taxation 
  Contingent sales 
The CPA in Industry 
  Ten steps to better meetings 

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The CPA Journal is broadly recognized as an outstanding, technical-refereed publication aimed at public practitioners, management, educators, and other accounting professionals. It is edited by CPAs for CPAs. Our goal is to provide CPAs and other accounting professionals with the information and news to enable them to be successful accountants, managers, and executives in today's practice environments. 

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