Pennsylvania CPA Journal

Spring 2022 Edition

Features

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Build the Best Accounting Profession Through Diversity, Equity, and Inclusion

By Bernice Jenkins, CPA, CMA, Loreal Jiles, and J. Stephen McNally, CPA, CMA
 
Explore diversity, equity, and inclusion in the accounting landscape, highlighting insights from recent research in the area of DE&I, explaining why DE&I truly matters in the accounting profession, and suggesting practical actions to be taken by CPA firms looking to bolster DE&I with their organizations. 

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See Your Needs Clearly: Data Visualization and Compliance Monitoring

By John Kim, Allison Griffin, Steven G. Blum, CPA, CFE, and Christina M. Olear, CPA
 
There is an increasing expectation that organizations will incorporate data analysis and visualization into their compliance programs. Data analytics and visualization tools can assist organizations with monitoring requirements by helping those responsible for compliance harness all the power latent in their available data.

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Columns

Accounting & Assurance

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These New Audit Standards May Require Your Attention

By Lisa A. Ritter, CPA, CFE, CITP

Reviews SAS Nos. 134 through 140, standards released by the Auditing Standards Board to address matters such as employee benefit plans, information included in annual reports, the concept of materiality, and more.


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Business & Industry

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Eat the Frog Now: Your Auditor Will Thank You Later

By Wendy M. Lakatosh, CPA

Offers a host of tips to help company finance leaders make the most of the arduous task that is the annual company audit.


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Government/Not-for-Profit

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Lessons Learned from a Difficult Year

By Michael F. Cade, CPA, CGMA

Delves into what the continuing COVID-19 pandemic has taught CPAs working in the not-for-profit arena.  
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Practitioners

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The Importance of Branding to Your CPA Firm

By Meredith Foster

Drives home the importance of branding to a CPA firm, explaining what constitutes a brand and what does not, the power of a strong organizational brand, and how you can tell if it is time for a refresh of your brand.


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Careers &
Lifestyles

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Additional Credentials Can Boost an Already Strong CPA Career

By Alyzabeth R. Smith, CPA

Suggests a series of credentials for CPAs to pursue if they want to optimize their attractiveness to employers in a competitive job market.  

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Education

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Base Skills for CPAs Aren’t Always Accounting Oriented

By Cory Ng, CPA, DBA, CGMA, and Brian Trout, CPA, DBA, CMA

Discuss the essential skills for CPAs that go beyond traditional accounting-based responsibilities. They go into great detail on the need for CPAs to be expert in the areas of communication, collaboration, and critical thinking.


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International Tax

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U.S. Withholding Tax on Payments to Foreign Persons

By Andrew M. Bernard Jr., CPA

Discusses what could trigger U.S. withholding tax, including the type of payment made and whether it is U.S. sourced.


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Liability Lessons

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Slippery-Slope Engagements Grow Exposure Risk

By Maureen P. Fitzgerald, JD

Takes readers through a fictional scenario that is based upon actual issues and recurring themes found in professional liability cases.


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Emerging CPAs

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Preparing for Virtual Recruitment

By Ashley L. Stampone, CPA

An interview with Cheryl Collarini in a wide-ranging discussion centered around preparing the next generation of CPAs for recruitment in a virtual setting.

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Legislative News

StateTax

Budget, Elections, and Tax Issues to Dominate Harrisburg in 2022

By Peter N. Calcara

While the Pennsylvania General Assembly may run until Nov. 30, the state legislature will have to address the budget, statewide elections, and tax proposals well before then.


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