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<br /> Beyond the<br /> Fraud<br /> Triangle<br /> Enhancing Deterrence<br /> of Economic Crimes<br /> Plus<br /> · Disclosure of Taxpayer Information · Establishing a VITA Program · Risk-Based IT Auditing<br /> <br /> Did you<br /> Did you<br /> Did you<br /> know the<br /> know the<br /> know the<br /> NYSSCPA<br /> NYSSCPA<br /> NYSSCPA<br /> is always<br /> is always<br /> is always<br /> available?<br /> available?<br /> available?<br /> The Society is<br /> online 24/7 at<br /> www.nysscpa.org.<br /> Use it to: register for CPE · become a member · subscribe to The CPAJ Journal · sub-<br /> scribe to The Trusted Professional · check the latest accounting news · get tax forms<br /> · find a committee · update your contact info · contact an elected representative ·<br /> track a bill · look for a job or post a job · review your personalized, secure web page<br /> that tracks any cred<a title="CPAJ July 2010 page 1" href="http://viewer.zmags.com/publication/1fadbbed?page=1"> Beyond the Fraud Triangle Enhancing Dete</a> <a title="CPAJ July 2010 page 2" href="http://viewer.zmags.com/publication/1fadbbed?page=2"> </a> <a title="CPAJ July 2010 page 3" href="http://viewer.zmags.com/publication/1fadbbed?page=3"> Did you Did you Did you know the know the k</a> <a title="CPAJ July 2010 page 4" href="http://viewer.zmags.com/publication/1fadbbed?page=4"> C ONTENTS july 2010 </a> <a title="CPAJ July 2010 page 5" href="http://viewer.zmags.com/publication/1fadbbed?page=5"> vol. LXXX/no.7 6PERSPECTI</a> <a title="CPAJ July 2010 page 6" href="http://viewer.zmags.com/publication/1fadbbed?page=6"> Publisher JOANNE S. BARRY </a> <a title="CPAJ July 2010 page 7" href="http://viewer.zmags.com/publication/1fadbbed?page=7"> Save Money and Enjoy Exclusive Members-Only B</a> <a title="CPAJ July 2010 page 8" href="http://viewer.zmags.com/publication/1fadbbed?page=8"> P ERSPECTIVES viewpoint The Journey Toward </a> <a title="CPAJ July 2010 page 9" href="http://viewer.zmags.com/publication/1fadbbed?page=9"> publisher's column Is There a CPA in the Ho</a> <a title="CPAJ July 2010 page 10" href="http://viewer.zmags.com/publication/1fadbbed?page=10"> (Continued from page 6) meddling that the IASB ha</a> <a title="CPAJ July 2010 page 11" href="http://viewer.zmags.com/publication/1fadbbed?page=11"> and avoid unnecessary risks. Over time, experienc</a> <a title="CPAJ July 2010 page 12" href="http://viewer.zmags.com/publication/1fadbbed?page=12"> Developments in Accounting Education </a> <a title="CPAJ July 2010 page 13" href="http://viewer.zmags.com/publication/1fadbbed?page=13"> Many firms also expect that candidates will have </a> <a title="CPAJ July 2010 page 14" href="http://viewer.zmags.com/publication/1fadbbed?page=14"> practice management Accounting </a> <a title="CPAJ July 2010 page 15" href="http://viewer.zmags.com/publication/1fadbbed?page=15"> CPAs and connections to experts in non- standard </a> <a title="CPAJ July 2010 page 16" href="http://viewer.zmags.com/publication/1fadbbed?page=16"> A New Type of Engagement By Lyndsey Havill </a> <a title="CPAJ July 2010 page 17" href="http://viewer.zmags.com/publication/1fadbbed?page=17"> Want to earn your CPE credits LIVE WEBC</a> <a title="CPAJ July 2010 page 18" href="http://viewer.zmags.com/publication/1fadbbed?page=18"> In Focus </a> <a title="CPAJ July 2010 page 19" href="http://viewer.zmags.com/publication/1fadbbed?page=19"> Beyond the Fraud Triangle By Jack W. Dorminey, A</a> <a title="CPAJ July 2010 page 20" href="http://viewer.zmags.com/publication/1fadbbed?page=20"> Seminal Efforts in Fraud Research Much of the </a> <a title="CPAJ July 2010 page 21" href="http://viewer.zmags.com/publication/1fadbbed?page=21"> ■ large education expenditures, ■ family or p</a> <a title="CPAJ July 2010 page 22" href="http://viewer.zmags.com/publication/1fadbbed?page=22"> of pressure (e.g., analysts' forecasts, man- agem</a> <a title="CPAJ July 2010 page 23" href="http://viewer.zmags.com/publication/1fadbbed?page=23"> those taken by other millionaire CEOs and CFOs wh</a> <a title="CPAJ July 2010 page 24" href="http://viewer.zmags.com/publication/1fadbbed?page=24"> Internal Controls: The Achilles' Heel of ■ </a> <a title="CPAJ July 2010 page 25" href="http://viewer.zmags.com/publication/1fadbbed?page=25"> both access to commit the fraud and the per- cept</a> <a title="CPAJ July 2010 page 26" href="http://viewer.zmags.com/publication/1fadbbed?page=26"> A CCOUNTING & AUDITING accounting </a> <a title="CPAJ July 2010 page 27" href="http://viewer.zmags.com/publication/1fadbbed?page=27"> 141(R) indicates that the change in accounting fo</a> <a title="CPAJ July 2010 page 28" href="http://viewer.zmags.com/publication/1fadbbed?page=28"> “cost to a market participant (buyer) to acquire </a> <a title="CPAJ July 2010 page 29" href="http://viewer.zmags.com/publication/1fadbbed?page=29"> assigning value, the types of inputs used, all es</a> <a title="CPAJ July 2010 page 30" href="http://viewer.zmags.com/publication/1fadbbed?page=30"> result, the acquirer should write off the value o</a> <a title="CPAJ July 2010 page 31" href="http://viewer.zmags.com/publication/1fadbbed?page=31"> internal research and development costs and acqui</a> <a title="CPAJ July 2010 page 32" href="http://viewer.zmags.com/publication/1fadbbed?page=32"> A CCOUNTING & AUDITING internal controls </a> <a title="CPAJ July 2010 page 33" href="http://viewer.zmags.com/publication/1fadbbed?page=33"> ber of material weaknesses reported by each compa</a> <a title="CPAJ July 2010 page 34" href="http://viewer.zmags.com/publication/1fadbbed?page=34"> Beyond adding more people, profession- al guid</a> <a title="CPAJ July 2010 page 35" href="http://viewer.zmags.com/publication/1fadbbed?page=35"> mal shifts in key accounts. Regular use of horizo</a> <a title="CPAJ July 2010 page 36" href="http://viewer.zmags.com/publication/1fadbbed?page=36"> in place to address those risks. IT audi- </a> <a title="CPAJ July 2010 page 37" href="http://viewer.zmags.com/publication/1fadbbed?page=37"> Ethics </a> <a title="CPAJ July 2010 page 38" href="http://viewer.zmags.com/publication/1fadbbed?page=38"> A CCOUNTING & AUDITING international accoun</a> <a title="CPAJ July 2010 page 39" href="http://viewer.zmags.com/publication/1fadbbed?page=39"> If the preparer determines that comply- ing wi</a> <a title="CPAJ July 2010 page 40" href="http://viewer.zmags.com/publication/1fadbbed?page=40"> instances, footnote disclosures describing how th</a> <a title="CPAJ July 2010 page 41" href="http://viewer.zmags.com/publication/1fadbbed?page=41"> FAE TM Get on board with </a> <a title="CPAJ July 2010 page 42" href="http://viewer.zmags.com/publication/1fadbbed?page=42"> A CCOUNTING & AUDITING international accoun</a> <a title="CPAJ July 2010 page 43" href="http://viewer.zmags.com/publication/1fadbbed?page=43"> SMEs does not differentiate by size of the busine</a> <a title="CPAJ July 2010 page 44" href="http://viewer.zmags.com/publication/1fadbbed?page=44"> ■ Full IFRS, for publicly accountable entities;</a> <a title="CPAJ July 2010 page 45" href="http://viewer.zmags.com/publication/1fadbbed?page=45"> IFRS were adopted for use by public com- panies. </a> <a title="CPAJ July 2010 page 46" href="http://viewer.zmags.com/publication/1fadbbed?page=46"> T AXATION compliance & enforcement </a> <a title="CPAJ July 2010 page 47" href="http://viewer.zmags.com/publication/1fadbbed?page=47"> The revised regulations for IRC section 7216 a</a> <a title="CPAJ July 2010 page 48" href="http://viewer.zmags.com/publication/1fadbbed?page=48"> Third Parties Sometimes, disclosure or use of</a> <a title="CPAJ July 2010 page 49" href="http://viewer.zmags.com/publication/1fadbbed?page=49"> taxpayer before disclosing or using infor- mation</a> <a title="CPAJ July 2010 page 50" href="http://viewer.zmags.com/publication/1fadbbed?page=50"> information in a context other than tax preparati</a> <a title="CPAJ July 2010 page 51" href="http://viewer.zmags.com/publication/1fadbbed?page=51"> No, the disclosure of taxpayer informa- tion b</a> <a title="CPAJ July 2010 page 52" href="http://viewer.zmags.com/publication/1fadbbed?page=52"> T AXATION federal taxation Drinking and D</a> <a title="CPAJ July 2010 page 53" href="http://viewer.zmags.com/publication/1fadbbed?page=53"> ■ What is the definition of willful negligence?</a> <a title="CPAJ July 2010 page 54" href="http://viewer.zmags.com/publication/1fadbbed?page=54"> F INANCE personal financial planning Tax</a> <a title="CPAJ July 2010 page 55" href="http://viewer.zmags.com/publication/1fadbbed?page=55"> al shortage areas. For example, the Department of</a> <a title="CPAJ July 2010 page 56" href="http://viewer.zmags.com/publication/1fadbbed?page=56"> </a> <a title="CPAJ July 2010 page 57" href="http://viewer.zmags.com/publication/1fadbbed?page=57"> Revenue Ruling 2008-34 clarifies the defini- tion</a> <a title="CPAJ July 2010 page 58" href="http://viewer.zmags.com/publication/1fadbbed?page=58"> M ANAGEMENT ethics How to Instill a Strong</a> <a title="CPAJ July 2010 page 59" href="http://viewer.zmags.com/publication/1fadbbed?page=59"> long-term success are more important than short-t</a> <a title="CPAJ July 2010 page 60" href="http://viewer.zmags.com/publication/1fadbbed?page=60"> ees to report bad corporate behavior by pro- tect</a> <a title="CPAJ July 2010 page 61" href="http://viewer.zmags.com/publication/1fadbbed?page=61"> R ESPONSIBILITIES & LEADERSHIP education </a> <a title="CPAJ July 2010 page 62" href="http://viewer.zmags.com/publication/1fadbbed?page=62"> successful VITA site, “The VITA Program: A Cataly</a> <a title="CPAJ July 2010 page 63" href="http://viewer.zmags.com/publication/1fadbbed?page=63"> Publication 901, “U.S. Tax Treaties,” is a helpfu</a> <a title="CPAJ July 2010 page 64" href="http://viewer.zmags.com/publication/1fadbbed?page=64"> VITA site in the community does take appointments</a> <a title="CPAJ July 2010 page 65" href="http://viewer.zmags.com/publication/1fadbbed?page=65"> R ESPONSIBILITIES & LEADERSHIP education </a> <a title="CPAJ July 2010 page 66" href="http://viewer.zmags.com/publication/1fadbbed?page=66"> Students' Perceptions Several studies have inv</a> <a title="CPAJ July 2010 page 67" href="http://viewer.zmags.com/publication/1fadbbed?page=67"> ing the last 25 years. Exhibit 1 presents some ex</a> <a title="CPAJ July 2010 page 68" href="http://viewer.zmags.com/publication/1fadbbed?page=68"> T ECHNOLOGY electronic reporting Implemen</a> <a title="CPAJ July 2010 page 69" href="http://viewer.zmags.com/publication/1fadbbed?page=69"> more transaction classes relevant for consid- era</a> <a title="CPAJ July 2010 page 70" href="http://viewer.zmags.com/publication/1fadbbed?page=70"> EXH</a> <a title="CPAJ July 2010 page 71" href="http://viewer.zmags.com/publication/1fadbbed?page=71"> trol can be placed in operation if it can b</a> <a title="CPAJ July 2010 page 72" href="http://viewer.zmags.com/publication/1fadbbed?page=72"> adequately comply with the technical stan- dards.</a> <a title="CPAJ July 2010 page 73" href="http://viewer.zmags.com/publication/1fadbbed?page=73"> of material misstatement to the existence and val</a> <a title="CPAJ July 2010 page 74" href="http://viewer.zmags.com/publication/1fadbbed?page=74"> T ECHNOLOGY what to bookmark Website of </a> <a title="CPAJ July 2010 page 75" href="http://viewer.zmags.com/publication/1fadbbed?page=75"> card. Courses are provided in self-study or webin</a> <a title="CPAJ July 2010 page 76" href="http://viewer.zmags.com/publication/1fadbbed?page=76"> Classified PROFESSIONAL OPPORTUNITY l BUSINESS l</a> <a title="CPAJ July 2010 page 77" href="http://viewer.zmags.com/publication/1fadbbed?page=77"> CPA FIRMS OR PARTNERS We represent a number of qu</a> <a title="CPAJ July 2010 page 78" href="http://viewer.zmags.com/publication/1fadbbed?page=78"> CPA OFFICES IN SUFFOLK COUNTY Reduce your overhea</a> <a title="CPAJ July 2010 page 79" href="http://viewer.zmags.com/publication/1fadbbed?page=79"> Sole practitioner seeks per diem accountant. Audi</a> <a title="CPAJ July 2010 page 80" href="http://viewer.zmags.com/publication/1fadbbed?page=80"> </a> <a title="CPAJ July 2010 page 81" href="http://viewer.zmags.com/publication/1fadbbed?page=81"> E CONOMIC & MARKET D ATA monthly update</a> <a title="CPAJ July 2010 page 82" href="http://viewer.zmags.com/publication/1fadbbed?page=82"> E DITORIAL a message from the editor-in-chie</a> <a title="CPAJ July 2010 page 83" href="http://viewer.zmags.com/publication/1fadbbed?page=83"> </a> <a title="CPAJ July 2010 page 84" href="http://viewer.zmags.com/publication/1fadbbed?page=84"> </a>