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PICPA Blogs
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By William F. Brighenti, CPA, CVA Despite recent efforts at simplification, many companies still struggle over the proper application of the inventory price index (IPI) computation method. However, the IPI computation method is probably the least costly...
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By Denise L. Devine, CPA, and Albert E. Trexler, CAE PICPA demographics indicate that 26 percent of our membership is 55 years or older. The large Baby Boomer generation is beginning to retire. These facts are going to have a tremendous effect on the...
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By David Maturo The pinnacle of professional accomplishment for many in accounting and finance has been, and continues to be, the chief financial officer (CFO). To explore the nature and background of the CFO position, several CFOs from well-known organizations...
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By Jeffrey J. Petrell, CPA, JD Many CPAs either represent nonprofit or charitable organizations, or volunteer their time as board members. These CPAs need to be aware of increasing challenges to tax-exempt organizations on the state and local level, particularly...
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By Larry S. Blair, CPA, JD, and Leilani Medina Costa, CPA, JD Businesses often have various types of intangible assets that enhance their value. But any time there is a transaction involving these intangible assets, subtle, yet significant, tax considerations...
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By Maria F. Boodoo, CPA When something in a company is amiss financially, CPAs may be part of the team responsible for tracking down the problem. If an illegal act or wrongdoing within a company is suspected, an internal investigation is usually the first...
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By Thomas Rees, CPA Few accounting rules have caused financial statement preparers and their auditors more headaches than Statement of Financial Accounting Standards No. 133 (SFAS 133), Accounting for Derivatives and Hedging Activities. The Financial...
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By Peter J. Kaye, CPA Now, Discover Your Strengths , by Marcus Buckingham and Donald O. Clifton (The Free Press, 2001) 260 pages, $30. Did you ever notice our society tends to focus on finding fault in others rather than on identifying strengths? Think...
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By Mitchell K. McKenney, CPA AICPA’s accounting and review services committee issued several statements and interpretations in the second half of 2007 that revised professional standards for review and compilation engagements. In large part, the motivation...
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By Douglas P. Hepburn, CPA/PFS, CFP Succession planning is critical for any business to maintain its value and continuity in perpetuity. For CPA firms, however, with their basis in professional services, there are many challenges, from client interaction...
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By Dave Woods Career greatness is the realization of optimal personal and professional productivity; the tapping of one’s natural competencies and passions in conjunction with learned skills and inherent inner drive. A close alignment in these areas leads...
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By Wilhelm Dingler, JD Insightful lessons can be learned by reviewing professional liability issues. With this in mind, Mather & Co., a division of Bollinger Inc., provides this column. For more information, contact Mather at philadelphia@bollingerinsurance.com....
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By Rose Marie L. Bukics, CPA Most people have heard the expression, "Those who can, do; those who can’t, teach." That cliche can’t be further from the truth when it comes to accounting educators. The reality is today’s professors must be able to "do"...
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By Jonathan S. Ziss, JD In virtually every type of business, data is received, processed, stored, transported, and otherwise disseminated in digital form via electronic media. In the accounting profession, digital data is ubiquitous. As a result, laptops...
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By Jonathan S. Ziss, JD Insightful lessons can be learned by reviewing professional liability issues. With this in mind, Mather & Co., a division of Bollinger Inc., provides this column. For more information, contact Mather at robert.connolly@bollingerinsurance.com....
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By Allison M. Henry The pace of accounting standards convergence is accelerating and is being driven primarily by an investment community that is rapidly embracing International Financial Reporting Standards (IFRS), as promulgated by the International...
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By Robert L. Brown, CPA In their role as independent auditors, many CPAs work with the audit committees of commercial entities. When it comes to working with the audit committees of nonprofit entities, many of the practices and principles applicable to...
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By Edward R. Jenkins Jr., CPA The National Starch transaction model received some prominent press coverage recently, because this is the structure being used in the pending News Corp. acquisition of Dow Jones & Co. The National Starch structure can...
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By Bruce J. Rogers, CPA, JD If your clients are subject to the Alternative Minimum Tax (AMT), there is now a refundable AMT credit that may be available to minimize their tax hit. Individuals who have unused AMT credits that are more than three years...
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By Dmitri D. Shiry, CPA Section 404 of the Sarbanes-Oxley Act was designed to have a long life. Like anything with an extended life cycle, it seems the regulation is growing and maturing with age. Auditing Standard No. 5 (AS 5), a new rule from the PCAOB,...
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By Ibolya Balog, CPA, and Thomas R. Clay, CPA One of the duties of the PICPA Committee on Professional Ethics is implementation of the Joint Ethics Enforcement Program (JEEP) between the AICPA and PICPA. This process, established in 1978, permits joint...
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By Larry S. Blair, CPA, JD, and Carol G. Murray, CPA, JD Business owners often choose S corporation status to eliminate the double taxation of profits that would occur with a C corporation election. One of the basic eligibility requirements for S corporation...
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By Joseph M. Larkin, CPA, PhD The accounting profession is in an active and robust period. New opportunities and new demands are making the profession a hot employment environment. This is good news for graduating accounting majors, but it creates stiff...
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By Carl W. Back Jr., CPA, and Peter N. Calcara Last year, Gov. Edward G. Rendell signed into law Act 119, which reforms and streamlines Pennsylvania’s tax administration and appeals process.1 These changes are the most significant reforms in more than...
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By David Maturo As a candidate in accounting and finance, there are many hurdles to clear if you decide to move on to another opportunity, but if you’ve networked well and have a resume that stirs some interest, you are ready for the next challenge: the...
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