Fall 2023
Features
No More Delays: Data Protection and Cybersecurity a Must for Smaller Firms
By Ibolya Balog, CPA, CGMA
Information technology is now integral to the provision of client services. So, securing information is a must, even as it becomes more challenging, particularly for small and midsize accounting firms.
Digital Cash Flow Management Advances in a Post-Pandemic World
By J. L. “John” Alarcon, CPA, CGMA, CITP, and Robert Kugel, CFA
The state of cash flow management has changed. This feature looks at the new technology being adopted in this rapidly evolving environment.
(Re)Run on Banks Exposes Cracks in Financial Institutions
By Michael Aiello, CPA, Jaime Krug, CPA, and Rikki Williams, CPA
This feature reviews this past spring’s banking crisis and examines the factors that contributed to the near disaster.
Columns
Official Guidance Needed on Reverse Factoring Programs
By Khaled Abdel Ghany, CPA, PhD
Reverse factoring, or supplier finance programs, are increasing in state and local governments. Yet, there has been silence on the accounting and financial reporting issues among standard-setters.
Engagement Quality Reviews under SQMS No. 2
By Nicole K. Cradic, CPA
Review SQMS No. 2, Engagement Quality Reviews, one of four quality management standards being analyzed in the A&A column this year.
Finding the Ideal Accounting Curriculum
By Michael Shipman, CPA, EdD
There was a lack of substantive accounting curriculum changes from 2004 to 2014. If the sameness in education continues from 2014 to 2024, the gap will grow wider between what accounting graduates can do and what their employers expect.
$45 Billion State Spending Plan Finally Adopted
By Peter N. Calcara
Getting Pennsylvania’s budget to the governor took an unexpected detour this summer. Although the spending plan was approved in both chambers by July 5, it was not signed into law by Gov. Josh Shapiro until Aug. 3, 2023. Find out what happened and what’s included in the fiscal year budget.
Ethics and Sustainability Reporting Requirements
By Heather Demshock, CPA, CMA
Environmental, social, and governance (ESG) reporting is an area the International Ethics Standards Board for Accountants has identified as in need of ethics clarity.
The CFO’s Voice Is Critical to Closely Held Business Boards
By Michael De Stefano, CPA
One would think the CFO is a fixture at board meetings of small businesses. This is not always so. Find out why it is vital that they be a regular presence at these board meetings.
Approaches to Improving the State Tax Compliance Process
By Matthew D. Melinson, CPA, Samantha To, CPA, and Dan Giorgio, CPA
The timing of producing state tax returns can be both complex and burdensome. Here are some suggestions to help relieve the stress associated with the process.
Use of Tax Insurance to Transfer Tax Position Liability Risk
By Richard Hornby
While not a new option, tax insurance is being looked at by a growing number of small and medium sized businesses to divert some liability exposure.
Feedback: The Gift that Keeps on Giving
By Amanda S. Marcy, CPA, DBA
Feedback – both positive and negative – is critical to self-awareness and personal and professional growth, especially for emerging CPAs.
Minimizing U.S. Withholding Tax on Foreign Partners Selling an Interest in a U.S. Business
By Andrew M. Bernard Jr., CPA
Review the changing rules concerning the taxation on the sale of a partnership interest by foreign partners of U.S. businesses.
Are You Ready for the Fractional Partner?
By Ira S. Rosenbloom, CPA (Inactive)
The accounting world is changing. Are you ready to face this metamorphosis with a different vision of partnership?
