The Evolution of U.S. GAAP: The Political Forces Behind Professional Standards

By Stephen A. Zeff

As we enter the fifth year of a new millennium, which is also the 75th year of publication for The CPA Journal, an assessment of the path of accounting standards setting over the previous 75 years should enhance our ability to deal responsibly with the challenges of the next decades. Full Story

Publisher's Column

Compensation Plans and the New Stock Option Accounting Rules

Its exposure draft to require the expensing of stock option grants is one of the most controversial standards ever proposed by FASB. Supporters of the standard argue that stock option grants are indeed a form of compensation and should be recognized as an expense on the body of the income statement. Full Story

Transparency as a Means to Serving the Public

In our October 2004 issue, AICPA Chairman Robert L. Bunting discussed current AICPA initiatives to reform the peer review and quality assurance systems for all CPA firms, not just those registered with the Public Company Accounting Oversight Board (PCAOB). The NYSSCPA supports these plans because they foster greater transparency in the accounting profession. Full Story

Teaching CPAs About Serving the Public Interest

A continuing deluge of articles, editorials, and speeches addresses the need of ethics education in the curriculum of accounting majors. One must wonder, however, if teaching ethics at the college level is too late. Have we become immunized against ethical behavior? Are the primary criteria for behavior whether or not one will be better off, and the chances of being caught? Full Story

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.

©2005 The CPA Journal. Legal Notices


Visit the new