April Features


Special Millennium Series
Entrance to the Profession

  The SEC's New Auditor Independence Standards

  By Dan L. Goldwasser

  The SEC’s new standards on auditor independence took an unexpected twist: Although they relax the rules on ownership of financial interests in clients, they forward an approach to independence inconsistent with the ISB’s work, which could be undermined entirely. Whether ultimately beneficial or not, the SEC’s perplexing approach makes sense only if its goal was not to ensure independence but rather—as the author posits—to assert its authority over the profession. (Article)


  In Search of Innovation 
  By Mary Campbell and Andrew Collins 

  CPAs need not be mere ‘controllers,’ limited to enforcing the status quo, they can be agents for innovation within an organization. The key is creating a corporate culture that supports and rewards innovative behavior in all its forms. (Article)


Special Section: Developing Fraud Expertise

  Using Fraud Assessment Questioning to Detect Fraud 

  By Thomas A. Buckhoff and James D. Hansen  

  The increasing opportunity for employee fraud is a significant problem for all businesses. The fraud assessment questioning technique can help uncover fraud: Most honest employees will reveal fraud if asked the right questions, and the perception of detection will deter dishonest employees from committing fraud in the future. (Article)


  The CFE Designation in Perspective   
  By Robert Braun, Shawn Mauldin, and Mandy Alfano Fischer

  Entering the fraud field requires more than just keen skills: New practitioners must be able to demonstrate their qualifications and credentials. The authors’ survey of CPAs that have acquired the CFE designation indicates that the credential is worth the investment. (Article)


  April Departments

   The CPA in Industry 
  · Overtime: Determining an employee's regular rate (Article)
   The CPA Manager

  · Migratory patterns of entry-level accountants (Article)

   Estates and Trusts

  · Estate Planning for minority interests (Article)

  Federal Taxation
  · Netting property transactions at year-end: Update to the worksheet approach for capital gain rate differentials (Article)   Supplemental Case Study
   Not-for-Profit Organizations 

  · Related foundations (Article) 

  State and Local Taxation

  · Personalized delivery service creates nexus (Article)
  · Fixing a defective tax trust (Article)


  · The past: Prologue for the future. A message from CPA Journal Editor-in-Chief Robert Colson

April News & Views

  · Declaration of independence?
 · Special section: AICPA global credential proposal and NYSSCPA member survey     
  · Publisher's column: When we want our members' opinion, we ask for it   
  · Personal viewpoint: Research opportunities in information technology auditing: Addressing recommendations of the Panel on Audit Effectiveness   
  · Book Review: Effective Expert Testimony
  · Profile: Independence Standards Board 
Letters to the Editor
  · MDP: Don't succumb to market pressure
  · Another perspective on the COSO study 

 Coming Soon

 · Perspectives on Arthur Levitt   
 · Minimizing professional liability 

 · Return preparer penalties 

Practice 21 
 · Financial services traps   
Federal Taxation 
 · The peripatetic taxpayer   
The CPA and the Computer  
 · Assessing the reliability of information on the Internet 


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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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