A Hard Look at Tax Software

By Susan B. Anders and Carol M. Fischer

JULY 2005 - This article presents the results of the fourth annual survey of tax software used by New York State CPAs, highlighting trends as well as some changes. New York State CPAs continue to express a high level of satisfaction with tax software, and have generally availed themselves of the largest and most popular products. A large proportion of survey respondents indicate that they use tax preparation packages that are integrated with other software products. The percentage that e-file tax returns has increased substantially over the prior year’s survey results.

Respondents to the annual survey of New York State CPAs preparing tax returns continue to embrace technology, generally indicating satisfaction with available products and demonstrating some increases in their use of these resources over the last few years.

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Publisher's Column

Navigating the Standards for Information Technology Controls

Pervasive use of computers, along with recent legislation such as the Sarbanes-Oxley Act (SOA), has increased the importance of information technology (IT) in attest services. The 2000 report of the Panel on Audit Effectiveness (see www.pobauditpanel.org) recommended that “audit firms place a high priority on enhancing the overall effectiveness of auditors’ work on internal control, particularly with respect to the depth and substance of their knowledge about companies’ information systems.”Full Story

Getting Proactive About Quality Review

Last year, the NYSSCPA’s 2004/05 President John Kearney appointed a Quality Enhancement Policy Committee, chaired by then President-Elect Steve Langowski, to examine how the AICPA’s peer review program affects the quality of New York State CPA firms’ audits and other assurance services. The NYSSCPA administers peer review in New York State, applying the standards, policies, and procedures set by the AICPA. Currently, 37 states require peer review for licensure. New York is the only large state that does not require peer review for licensure, although the Society has supported various legislative initiatives in recent years that would make peer review mandatory. Full Story

2004 Max Block Award Winners Recognized

The winners of the 2004 Max Block Distinguished Article Awards were announced and presented at the NYSSCPA’s 108th Annual Election Meeting and Dinner on May 18. 2004/2005 NYSSCPA president John J. Kearney presided over the awards presentations, which were made by incoming NYSSCPA vice president Victor Rich and Max Block’s grandson, Daniel J. Sherman. The award criteria recognized the most outstanding article in each of three categories of excellence that reflect The CPA Journal’s mission and better suit the magazine’s redesigned format introduced in 2004. 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.

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