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www.cpaj.com December 2011<br /> FASB<br /> Looks to<br /> the Future<br /> Leslie F. Seidman,<br /> FASB Chair<br /> Annual Tax Update<br /> Marriage and Taxes<br /> Estate Tax Portability<br /> Tax Preferences<br /> for EducationCONTENTS<br /> december 2011<br /> 26 Accounting & Auditing<br /> ❙ Financial Reporting<br /> Triple Bottom Line Reporting for CPAs:<br /> Challenges and Opportunities in Social Accounting<br /> By Steven M. Mintz<br /> ❙ Auditing<br /> Auditing Internal Controls in Small Populations<br /> By Julian E. Jacoby and Neal B. Hitzig<br /> 38 Taxation<br /> ❙ Federal Taxation<br /> <a title="The CPA Journal - December 2011 page 1" href="http://viewer.zmags.com/publication/16a68868?page=1">www.cpaj.com December 2011 FASB Looks to th</a> <a title="The CPA Journal - December 2011 page 2" href="http://viewer.zmags.com/publication/16a68868?page=2"></a> <a title="The CPA Journal - December 2011 page 3" href="http://viewer.zmags.com/publication/16a68868?page=3"></a> <a title="The CPA Journal - December 2011 page 4" href="http://viewer.zmags.com/publication/16a68868?page=4">CONTENTS december 2011 </a> <a title="The CPA Journal - December 2011 page 5" href="http://viewer.zmags.com/publication/16a68868?page=5">vol. LXXXI/no. 12 6PERSPECTIV ES </a> <a title="The CPA Journal - December 2011 page 6" href="http://viewer.zmags.com/publication/16a68868?page=6"> Publisher JOANNE S. BARRY </a> <a title="The CPA Journal - December 2011 page 7" href="http://viewer.zmags.com/publication/16a68868?page=7"></a> <a title="The CPA Journal - December 2011 page 8" href="http://viewer.zmags.com/publication/16a68868?page=8">International Adoption Issues: A View from the IAS</a> <a title="The CPA Journal - December 2011 page 9" href="http://viewer.zmags.com/publication/16a68868?page=9">Publisher’s Column, Think Your Firm Is Exempt from</a> <a title="The CPA Journal - December 2011 page 10" href="http://viewer.zmags.com/publication/16a68868?page=10">International Adoption Issues: A View from the IAS</a> <a title="The CPA Journal - December 2011 page 11" href="http://viewer.zmags.com/publication/16a68868?page=11">International Adoption Issues: A View from the IAS</a> <a title="The CPA Journal - December 2011 page 12" href="http://viewer.zmags.com/publication/16a68868?page=12">International Adoption Issues: A View from the IAS</a> <a title="The CPA Journal - December 2011 page 13" href="http://viewer.zmags.com/publication/16a68868?page=13">Recognition, ad hoc reviewers, Editorial Review Bo</a> <a title="The CPA Journal - December 2011 page 14" href="http://viewer.zmags.com/publication/16a68868?page=14">Expanded Information in the Audit Report, perspect</a> <a title="The CPA Journal - December 2011 page 15" href="http://viewer.zmags.com/publication/16a68868?page=15">Expanded Information in the Audit Report, perspect</a> <a title="The CPA Journal - December 2011 page 16" href="http://viewer.zmags.com/publication/16a68868?page=16">Failure to Aggregate Rental Property: Late Electio</a> <a title="The CPA Journal - December 2011 page 17" href="http://viewer.zmags.com/publication/16a68868?page=17">Failure to Aggregate Rental Property: Late Electio</a> <a title="The CPA Journal - December 2011 page 18" href="http://viewer.zmags.com/publication/16a68868?page=18">FASB Looks to the Future: Standards Setting in the</a> <a title="The CPA Journal - December 2011 page 19" href="http://viewer.zmags.com/publication/16a68868?page=19">FASB Looks to the Future: Standards Setting in the</a> <a title="The CPA Journal - December 2011 page 20" href="http://viewer.zmags.com/publication/16a68868?page=20">FASB Looks to the Future: Standards Setting in the</a> <a title="The CPA Journal - December 2011 page 21" href="http://viewer.zmags.com/publication/16a68868?page=21">FASB Looks to the Future: Standards Setting in the</a> <a title="The CPA Journal - December 2011 page 22" href="http://viewer.zmags.com/publication/16a68868?page=22">FASB Looks to the Future: Standards Setting in the</a> <a title="The CPA Journal - December 2011 page 23" href="http://viewer.zmags.com/publication/16a68868?page=23">FASB Looks to the Future: Standards Setting in the</a> <a title="The CPA Journal - December 2011 page 24" href="http://viewer.zmags.com/publication/16a68868?page=24">FASB Looks to the Future: Standards Setting in the</a> <a title="The CPA Journal - December 2011 page 25" href="http://viewer.zmags.com/publication/16a68868?page=25">FASB Looks to the Future: Standards Setting in the</a> <a title="The CPA Journal - December 2011 page 26" href="http://viewer.zmags.com/publication/16a68868?page=26"> FASB Looks to the Future: Standards Setting in t</a> <a title="The CPA Journal - December 2011 page 27" href="http://viewer.zmags.com/publication/16a68868?page=27"></a> <a title="The CPA Journal - December 2011 page 28" href="http://viewer.zmags.com/publication/16a68868?page=28">Triple Bottom Line Reporting for CPAs: Challenges </a> <a title="The CPA Journal - December 2011 page 29" href="http://viewer.zmags.com/publication/16a68868?page=29">Triple Bottom Line Reporting for CPAs: Challenges </a> <a title="The CPA Journal - December 2011 page 30" href="http://viewer.zmags.com/publication/16a68868?page=30">Triple Bottom Line Reporting for CPAs: Challenges </a> <a title="The CPA Journal - December 2011 page 31" href="http://viewer.zmags.com/publication/16a68868?page=31">Triple Bottom Line Reporting for CPAs: Challenges </a> <a title="The CPA Journal - December 2011 page 32" href="http://viewer.zmags.com/publication/16a68868?page=32">Triple Bottom Line Reporting for CPAs: Challenges </a> <a title="The CPA Journal - December 2011 page 33" href="http://viewer.zmags.com/publication/16a68868?page=33">Triple Bottom Line Reporting for CPAs: Challenges </a> <a title="The CPA Journal - December 2011 page 34" href="http://viewer.zmags.com/publication/16a68868?page=34">Triple Bottom Line Reporting for CPAs: Challenges </a> <a title="The CPA Journal - December 2011 page 35" href="http://viewer.zmags.com/publication/16a68868?page=35">Triple Bottom Line Reporting for CPAs: Challenges </a> <a title="The CPA Journal - December 2011 page 36" href="http://viewer.zmags.com/publication/16a68868?page=36">Auditing Internal Controls in Small Populations, p</a> <a title="The CPA Journal - December 2011 page 37" href="http://viewer.zmags.com/publication/16a68868?page=37">Auditing Internal Controls in Small Populations, p</a> <a title="The CPA Journal - December 2011 page 38" href="http://viewer.zmags.com/publication/16a68868?page=38">Auditing Internal Controls in Small Populations, p</a> <a title="The CPA Journal - December 2011 page 39" href="http://viewer.zmags.com/publication/16a68868?page=39"></a> <a title="The CPA Journal - December 2011 page 40" href="http://viewer.zmags.com/publication/16a68868?page=40">20 Questions on Marriage and Taxes: Penalties and </a> <a title="The CPA Journal - December 2011 page 41" href="http://viewer.zmags.com/publication/16a68868?page=41">20 Questions on Marriage and Taxes: Penalties and </a> <a title="The CPA Journal - December 2011 page 42" href="http://viewer.zmags.com/publication/16a68868?page=42">20 Questions on Marriage and Taxes: Penalties and </a> <a title="The CPA Journal - December 2011 page 43" href="http://viewer.zmags.com/publication/16a68868?page=43">20 Questions on Marriage and Taxes: Penalties and </a> <a title="The CPA Journal - December 2011 page 44" href="http://viewer.zmags.com/publication/16a68868?page=44">20 Questions on Marriage and Taxes: Penalties and </a> <a title="The CPA Journal - December 2011 page 45" href="http://viewer.zmags.com/publication/16a68868?page=45">20 Questions on Marriage and Taxes: Penalties and </a> <a title="The CPA Journal - December 2011 page 46" href="http://viewer.zmags.com/publication/16a68868?page=46">Using the Incentive Stock Option Qualification: Mi</a> <a title="The CPA Journal - December 2011 page 47" href="http://viewer.zmags.com/publication/16a68868?page=47">Using the Incentive Stock Option Qualification: Mi</a> <a title="The CPA Journal - December 2011 page 48" href="http://viewer.zmags.com/publication/16a68868?page=48">Using the Incentive Stock Option Qualification: Mi</a> <a title="The CPA Journal - December 2011 page 49" href="http://viewer.zmags.com/publication/16a68868?page=49">Using the Incentive Stock Option Qualification: Mi</a> <a title="The CPA Journal - December 2011 page 50" href="http://viewer.zmags.com/publication/16a68868?page=50">Using the Incentive Stock Option Qualification: Mi</a> <a title="The CPA Journal - December 2011 page 51" href="http://viewer.zmags.com/publication/16a68868?page=51"></a> <a title="The CPA Journal - December 2011 page 52" href="http://viewer.zmags.com/publication/16a68868?page=52">What Planners Need to Know About Portability: Stra</a> <a title="The CPA Journal - December 2011 page 53" href="http://viewer.zmags.com/publication/16a68868?page=53">What Planners Need to Know About Portability: Stra</a> <a title="The CPA Journal - December 2011 page 54" href="http://viewer.zmags.com/publication/16a68868?page=54">What Planners Need to Know About Portability: Stra</a> <a title="The CPA Journal - December 2011 page 55" href="http://viewer.zmags.com/publication/16a68868?page=55">What Planners Need to Know About Portability: Stra</a> <a title="The CPA Journal - December 2011 page 56" href="http://viewer.zmags.com/publication/16a68868?page=56">How the AMT ‘Stealth’ Tax Surcharge Disrupts Margi</a> <a title="The CPA Journal - December 2011 page 57" href="http://viewer.zmags.com/publication/16a68868?page=57">How the AMT ‘Stealth’ Tax Surcharge Disrupts Margi</a> <a title="The CPA Journal - December 2011 page 58" href="http://viewer.zmags.com/publication/16a68868?page=58">How the AMT ‘Stealth’ Tax Surcharge Disrupts Margi</a> <a title="The CPA Journal - December 2011 page 59" href="http://viewer.zmags.com/publication/16a68868?page=59">How the AMT ‘Stealth’ Tax Surcharge Disrupts Margi</a> <a title="The CPA Journal - December 2011 page 60" href="http://viewer.zmags.com/publication/16a68868?page=60">Tax Preferences for Education Are Simpler but Not </a> <a title="The CPA Journal - December 2011 page 61" href="http://viewer.zmags.com/publication/16a68868?page=61">Tax Preferences for Education Are Simpler but Not </a> <a title="The CPA Journal - December 2011 page 62" href="http://viewer.zmags.com/publication/16a68868?page=62">Tax Preferences for Education Are Simpler but Not </a> <a title="The CPA Journal - December 2011 page 63" href="http://viewer.zmags.com/publication/16a68868?page=63">Tax Preferences for Education Are Simpler but Not </a> <a title="The CPA Journal - December 2011 page 64" href="http://viewer.zmags.com/publication/16a68868?page=64">Tax Preferences for Education Are Simpler but Not </a> <a title="The CPA Journal - December 2011 page 65" href="http://viewer.zmags.com/publication/16a68868?page=65">Tax Preferences for Education Are Simpler but Not </a> <a title="The CPA Journal - December 2011 page 66" href="http://viewer.zmags.com/publication/16a68868?page=66">Tax Preferences for Education Are Simpler but Not </a> <a title="The CPA Journal - December 2011 page 67" href="http://viewer.zmags.com/publication/16a68868?page=67"> Beware: Precautions for Accepting Retention as a</a> <a title="The CPA Journal - December 2011 page 68" href="http://viewer.zmags.com/publication/16a68868?page=68">Beware: Precautions for Accepting Retention as a S</a> <a title="The CPA Journal - December 2011 page 69" href="http://viewer.zmags.com/publication/16a68868?page=69">Beware: Precautions for Accepting Retention as a S</a> <a title="The CPA Journal - December 2011 page 70" href="http://viewer.zmags.com/publication/16a68868?page=70">Improving Director Access to Corporate Information</a> <a title="The CPA Journal - December 2011 page 71" href="http://viewer.zmags.com/publication/16a68868?page=71">Improving Director Access to Corporate Information</a> <a title="The CPA Journal - December 2011 page 72" href="http://viewer.zmags.com/publication/16a68868?page=72">Improving Director Access to Corporate Information</a> <a title="The CPA Journal - December 2011 page 73" href="http://viewer.zmags.com/publication/16a68868?page=73">Improving Director Access to Corporate Information</a> <a title="The CPA Journal - December 2011 page 74" href="http://viewer.zmags.com/publication/16a68868?page=74">Website of the Month, Healthcare Financial Managem</a> <a title="The CPA Journal - December 2011 page 75" href="http://viewer.zmags.com/publication/16a68868?page=75">Website of the Month, Healthcare Financial Managem</a> <a title="The CPA Journal - December 2011 page 76" href="http://viewer.zmags.com/publication/16a68868?page=76">CLASSIFIEDMARKETPLACE PROFESSIONAL OPPORTUNITY l </a> <a title="The CPA Journal - December 2011 page 77" href="http://viewer.zmags.com/publication/16a68868?page=77">Goldstein Lieberman & Company LLC one of the re</a> <a title="The CPA Journal - December 2011 page 78" href="http://viewer.zmags.com/publication/16a68868?page=78">BUSINESS/PROFESSIONAL OPPORTUNITIES Westcheste</a> <a title="The CPA Journal - December 2011 page 79" href="http://viewer.zmags.com/publication/16a68868?page=79">PROFESSIONAL CONDUCT EXPERT PROFESSIONAL CON</a> <a title="The CPA Journal - December 2011 page 80" href="http://viewer.zmags.com/publication/16a68868?page=80"> </a> <a title="The CPA Journal - December 2011 page 81" href="http://viewer.zmags.com/publication/16a68868?page=81">ECONOMIC & MARKET DATA monthly up</a> <a title="The CPA Journal - December 2011 page 82" href="http://viewer.zmags.com/publication/16a68868?page=82">2011: A Year We Won’t Soon Forget, editorial, a me</a> <a title="The CPA Journal - December 2011 page 83" href="http://viewer.zmags.com/publication/16a68868?page=83"> </a> <a title="The CPA Journal - December 2011 page 84" href="http://viewer.zmags.com/publication/16a68868?page=84"> </a>