Accountants Club of America News!

Vincent J. Love – The Authors Respond Response to Howard Levy

By  Vincent J. Love, CPA/CFF, CFE and Thomas R. Manisero, JD July 2017 Issue, Letters to the Editor | August 2017 We would like to thank Howard Levy for his complimentary and complementary letter on our article. We initially included most of the “plain paper” financial statement’s history in our article including quotes from the standards, […]

Art of Accounting: First-time partner, part 2 | Accounting Today

By Edward Mendlowitz Published July 24 2017, 1:11pm EDT You may or may not feel different the first day you wake up as a partner, but you will be different. People’s perceptions of you will have changed. You will now be a partner and as such an owner, a prestigious person within the profession and […]

Introducing the NYSSCPA’ s New 501(c)(3): The Moynihan Scholarship Fund | CPA Journal

By  Joanne S. Barry, CAE July 2017 Issue, Publisher’s Column, Featured July 2017 In 2015, the NYSSCPA leadership established the Moynihan Fund as a way to recognize the contributions of recently deceased past president David J. Moynihan. The fund would be composed of the two education-based initiatives that since their inception have been programs of the Society’s […]

Amanda Wilkie – At AICPA Engage, blockchain is on the brain | Accounting Today

By Ranica Arrowsmith Published June 16 2017 Amanda Wilkie, chief information officer at WithumSmith+Brown, went one step further and told attendees that blockchain would “change the world” — especially the accounting world.  She recalled PCMag’s claim that 2017 would be the “year of the smart contract.”   Blockchain was a favored subject during the 2017 […]

Accounting Today | PCAOB makes major changes to auditor’s report

By Daniel Hood Published June 01 2017 At a meeting on Thursday, the Public Company Accounting Oversight Board approved a new standard that will significantly change the auditor’s report. The new standard, The Auditor’s Report on an Audit of Financial Statements When the Auditor Expresses an Unqualified Opinion, will, among other things, require auditors to […]

Sal Collemi – Speaker: Professional Skepticism Can, Must Be Cultivated | The Trusted Professional

By: Chris Gaetano Published Date:  May 23, 2017 Salvatore A. Collemi, a CPA with years of external auditing experience under his belt, told his audience at the Forensic Accounting and Litigation Service Conference on May 23 that professional skepticism is severely lacking in today’s business environment, but that it can be cultivated, and must be […]

Plain Paper Financial Statements

By Vincent J. Love and Thomas R. Manisero This article explores the history and current risks for CPAs who offer services relating to “plain paper” financials. The profession was “burnt” once in 1136 Tenants’ Corp. v. Max Rothenberg & Co.; will commercial interests lead to cases being brought against CPAs if they perform “preparation services […]

Art of Accounting: I never file an extension if I can get the return done | Accounting Today

By Edward Mendlowitz Published: April 03 2017 When I started my practice I tried to extend as many clients as I could. I figured this would ease tax season and spread the work out throughout the year. I found out this is not workable—for me. Now, we do whatever we can to get a return […]

Need a CPA Expert? What CPA Did You Have in Mind?

By Vincent J. Love Do you want a CPA, or a CPA? That is, do you need a Certified Public Accountant (a governmentally licensed professional) or a Certified Professional Accountant? It may all depend on whether he or she is a member of the AICPA or the AICPA, or actually both organizations as an AICPA […]