The Battle Against Fraud: Seeking the Accounting Profession’s Support
An Exclusive CPA Journal Interview with ACFE Founder and Chairman Joseph T. Wells

By Mary-Jo Kranacher

Joseph T. Wells, CFE, CPA, is the founder and chairman of the Association of Certified Fraud Examiners (ACFE;, an organization dedicated to reducing the incidence of fraud and white-collar crime. When he speaks about fraud detection and deterrence, people listen. He recently sat down with CPA Journal Editor-in-Chief Mary-Jo Kranacher to discuss the ACFE’s research into the nature of fraud, the ways fraud can be uncovered and prevented, and the accounting profession’s role in the fight against fraud.

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Publisher's Column

Guidance for Smaller Public Companies Reporting on Internal Controls

Since the passage of the Sarbanes-Oxley Act of 2002 (SOX), there has been an increased focus on the control environment over financial reporting. SOX section 404 requires management to evaluate internal controls over financial reporting and report on their effectiveness. Full Story

Stabilizing the Estate Tax

Difficult as it may seem to believe, the federal estate tax has a long, consistent history in this country. The tax, imposed on the estates of high-net-worth taxpayers after death, has been around since 1916, and, with the exception of rate adjustments and periodic increases in the amount exempt from the tax, its principle has remained essentially unchanged.
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Perceived Flaws in Sarbanes-Oxley Implementation

Discontent with the implementation of the Sarbanes-Oxley Act of 2002 (SOX) by the Public Company Accounting Oversight Board (PCAOB) continues. Both the SEC and the PCAOB recognized that serious problems persist when they held a second roundtable on May 10, 2006.
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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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