|
 Practical
and Ethical Considerations in Fraud Examination
The
various high-profile schemes that
have recently come to light across the country serve as
a reminder that all CPAs should remain constantly vigilant,
looking out for the red flags that could indicate fraud.
This article will provide guidance for fraud examiners
and CPAs on what to do when they uncover potential fraud.
It should be noted that, because fraud nearly always involves
legal
issues, the advice of counsel is appropriate and encouraged
in these thorny matters. Full
Story |
Navigating the State’s New Accountancy Law
Come
July 26, thousands of CPAs
throughout New York State will be covered by the newly
enacted accountancy reform law. The law broadens the scope
of practice
of public accountancy
to bring New York State’s antiquated laws up to par
with the rest of the country, and it brings a larger number
of CPAs under
the state’s regulatory structure. The law now requires
CPAs working in industry, for example, to register and
to complete continuing professional
education courses. Full
Story
|
 Stepping
Up Investor Protection
When
I last appeared before this committee, I focused my remarks
on the main causes of the crisis we are in and the significant
role played by deregulation. Today, I would like to build
upon that testimony and focus your attention on the prime
victim of deregulation—investors. Because of failures
at every level of our financial system, investors no
longer feel that they receive correct information or enjoy
meaningful protections. Full
Story |