If you are visually impaired or blind, you can visit the PDF version by Pressing CONTROL + ALT + 4
You need a JavaScript enabled browser to view this Publication
Please follow these steps to view the Publication:
Enable JavaScript in your browser
Refresh this page
Best regards
Zmags
<br /> Focus on Fraud & Forensic Accounting<br /> <br /> Recognizing the Red Flags<br /> of a Ponzi Scheme<br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> Plus<br /> •Antifraud Tips<br /> •Criminal Tax Evasion<br /> •Hybrid Approach to Fair Value<br /> <br /> <br /> C ONTENTS<br /> june<br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> 26 Accounting & Auditing<br /> ❙ Standards Setting<br /> Fair
Focus on Fraud & Forensic AccountingRecognizing
Focus on Fraud & Forensic AccountingRecognizing
C ONTENTSjune 26 Accounting
C ONTENTSjune 26 Accounting
vol. LXXIX/no.66PERSPECT
vol. LXXIX/no.66PERSPECT
PublisherLOUIS GRUMET Associate Pu
PublisherLOUIS GRUMET Associate Pu
P ERSPECTIVESemerging issuesStepping Up
P ERSPECTIVESemerging issuesStepping Up
publisher's column Navigating the State's
publisher's column Navigating the State's
(Continued from page 6)participants. That princi
(Continued from page 6)participants. That princi
small corporations, so long as we do notdevelop
small corporations, so long as we do notdevelop
The record of the SEC in recent yearshas not
The record of the SEC in recent yearshas not
sidiaries can be very helpful in unwindingfailed
sidiaries can be very helpful in unwindingfailed
FDIC, then we would have a strong agencyregulati
FDIC, then we would have a strong agencyregulati
Mentoring the Next GenerationBy Stephe
Mentoring the Next GenerationBy Stephe
From Crisis to Confidence: What Isthe R
From Crisis to Confidence: What Isthe R
And today, in the midst of the greatest eco-nomi
And today, in the midst of the greatest eco-nomi
Accounting Irregularitiesand Financial Fraud: A
Accounting Irregularitiesand Financial Fraud: A
FocusIn
FocusIn
Recognizing the Red Flagsof a Ponzi SchemeWil
Recognizing the Red Flagsof a Ponzi SchemeWil
demand his money at any time was noreassurance,
demand his money at any time was noreassurance,
investors by promising steady and above-market r
investors by promising steady and above-market r
the year 2000, only the scheme remained.He calle
the year 2000, only the scheme remained.He calle
author's opinion, the auditing firms mayclaim th
author's opinion, the auditing firms mayclaim th
Analyzing the Fraud EXHIBIT 4Risk Fact
Analyzing the Fraud EXHIBIT 4Risk Fact
the plaintiff justifiably relied upon.There must
the plaintiff justifiably relied upon.There must
A CCOUNTING & AUDITINGstandards setting
A CCOUNTING & AUDITINGstandards setting
standard exacerbate the problems ormerely illumi
standard exacerbate the problems ormerely illumi
cretion. The complexity of such assets sug-gests
cretion. The complexity of such assets sug-gests
highly publicized transactions in the fall of200
highly publicized transactions in the fall of200
is preferable as a level one input. As seenin th
is preferable as a level one input. As seenin th
A CCOUNTING & AUDITINGinternational auditi
A CCOUNTING & AUDITINGinternational auditi
ity these standards offer, the audit processwill
ity these standards offer, the audit processwill
Inherent risk and control risk are thecompany
Inherent risk and control risk are thecompany
19 differences, IFRS requires or permits theuse
19 differences, IFRS requires or permits theuse
T AXATIONcompliance & enforcement
T AXATIONcompliance & enforcement
the way §§ 301 and 316(a) are written (to dist
the way §§ 301 and 316(a) are written (to dist
the monies received constituted a tax-freereturn
the monies received constituted a tax-freereturn
Covina Publications, Inc., and related com-panie
Covina Publications, Inc., and related com-panie
such distributions were intended to be sucha ret
such distributions were intended to be sucha ret
tions “in a tax status limbo in criminalcases.”
tions “in a tax status limbo in criminalcases.”
T AXATIONfederal taxationHow Deductions,
T AXATIONfederal taxationHow Deductions,
ly believe that this income is tax-free.Consider
ly believe that this income is tax-free.Consider
The increase in tax of $350 representsa margi
The increase in tax of $350 representsa margi
JUNE 2009 / THE CPA JOURNAL
JUNE 2009 / THE CPA JOURNAL
F INANCEsuccession planningGuiding Fami
F INANCEsuccession planningGuiding Fami
The CPA's Role What is the CPA's role in the s
The CPA's Role What is the CPA's role in the s
cess floundered until the son-in-law forcedthe i
cess floundered until the son-in-law forcedthe i
A financial arrangement must be crafted to all
A financial arrangement must be crafted to all
M ANAGEMENTcpa consultant
M ANAGEMENTcpa consultant
client results in increased client-specificexper
client results in increased client-specificexper
from Going Concern Audit Opinions,”Journal of Ac
from Going Concern Audit Opinions,”Journal of Ac
ly affecting bond rater perceptions, theresearch
ly affecting bond rater perceptions, theresearch
M ANAGEMENTfraudPractical and Ethical Co
M ANAGEMENTfraudPractical and Ethical Co
nesses, and the legal process. Guaranteeingsucce
nesses, and the legal process. Guaranteeingsucce
There are other disclosure issues thataren't
There are other disclosure issues thataren't
M ANAGEMENTpractice managementThe Human
M ANAGEMENTpractice managementThe Human
under IFRS guidelines, they are recognizedwhen i
under IFRS guidelines, they are recognizedwhen i
necessary to adopt strategic financial per-spect
necessary to adopt strategic financial per-spect
R ESPONSIBILITIES & LEADERSHIPethics
R ESPONSIBILITIES & LEADERSHIPethics
learned were materially false. More diffi-cult c
learned were materially false. More diffi-cult c
Whistleblowing Under the SecuritiesLaws In 19
Whistleblowing Under the SecuritiesLaws In 19
can be claimed by the accountant, theclient, or
can be claimed by the accountant, theclient, or
EXHIBITDecision Table for CPAs
EXHIBITDecision Table for CPAs
not violate the provisions of the AICPA Codeof P
not violate the provisions of the AICPA Codeof P
T ECHNOLOGYthe cpa & the computer
T ECHNOLOGYthe cpa & the computer
Similarly, Statement on AuditingStandards 109
Similarly, Statement on AuditingStandards 109
placed in a library, which will allow all mod-ul
placed in a library, which will allow all mod-ul
the FICA percentage into the source code; if the
the FICA percentage into the source code; if the
T ECHNOLOGYwhat to bookmarkWebsite of
T ECHNOLOGYwhat to bookmarkWebsite of
form number, and can also be located bytype of f
form number, and can also be located bytype of f
Classified PROFESSIONAL OPPORTUNITY l BUSINESS l
Classified PROFESSIONAL OPPORTUNITY l BUSINESS l
SPACE FOR RENTAAA PROFESSIONAL OFFICES FOR REN
SPACE FOR RENTAAA PROFESSIONAL OFFICES FOR REN
SALES TAX, ISAAC STERNHEIM & CO.Sales tax consu
SALES TAX, ISAAC STERNHEIM & CO.Sales tax consu
PEER REVIEW PE
PEER REVIEW PE
E CONOMIC & MARKET D ATAmonthly update
E CONOMIC & MARKET D ATAmonthly update
E DITORIALa message from the editor-in-chie
E DITORIALa message from the editor-in-chie