Professional Accounting

• Audit professional learning, accounting outcome: effects on stakeholder creditability and audit performance of tax auditors in Thailand.

1. INTRODUCTION The business environment is highly competitive and more varieties, complexity in business activities. However, executives will opera...

• Journal of Academy of Business and Economics
• Vol. 11 Nbr. 3, May 2011

• 10 USC 1599 - Sec. 1599d. Professional accounting positions: authority to prescribe certification and credential standards

• U.S. Code - Title 10: Armed Forces

• Professional Judgment: A Model for Accounting and Auditing Decisions

The transition of US companies from US GAAP to IFRS, along with the related discussion of rules-based versus principles-based standards, is a hot topic in accounting circles. Both sets of standards derive from conceptual frameworks of accounting principles. Similarly, professional judgment is an increasingly important aspect of the independent audit function. This article presents a framework for making accounting and auditing judgments as recommended in the recently issued report by the SEC's Advisory Committee on Improvements to Financial Reporting. The report's recommendations focus on accountants and auditors of public companies: however, the suggested judgment process, factors to consider, and trail of documentation equally apply to all practitioners for both non-public and publicl...

• CPA Journal, The
• Vol. 79 Nbr. 9, September 2009

• Incorporating Professional Ethics Throughout an Accounting Curriculum

Responding to the call from Jane B. Romal and Arlene M. Hibschweiler ("Improving Professional Ethics"), this article will discuss a modular approach to adding ethics to the accounting curriculum. It is difficult for students to apply philosophical ethics to real-life situations. Thus, providing students with a practical framework for evaluating ethical dilemmas is an important part of the ethics module. It has been more beneficial to touch briefly on the theoretical underpinnings of ethics in the introduction to the ethics module and to focus more on the practical evaluation of ethical dilemmas via a user-friendly framework. For the instructors of courses that do not have four class sessions to dedicate to the module, the in-class presentations can be omitted and three of the four class...

• CPA Journal, The
• Vol. 75 Nbr. 9, September 2005

• Public Company Accounting Oversight Board: Auditing and related professional practice standards and advisory groups,

• FR, July 20, 2004
• Notices
• Securities and Exchange Commission

• Is There Lifo After Ifrs?

Given the rapid move toward globalization in the business world, the accounting profession has also recently seen many changes including adoption of international financial reporting standards (IFRS) by the EU and other countries, the move toward international convergence by US GAAP, and most recently the expectation that US firms will adopt international standards soon. Some of those standards differ significantly from current US standards. This paper addresses IAS 2, the standard for inventory, which prohibits the use of LIFO. We ask the question, will the US ask for a carve-out to allow the use of LIFO once the IFRS are adopted? We ask this question, via survey, of both accounting faculty and accounting practitioners, to investigate the current thinking of the professional accounting...

• Allied Academies International Conference. Academy of Accounting and Financial Studies. Proceedings
• Vol. 14 Nbr. 2, July 2009

• Faculty Utilization of End-of-Chapter Textbook Material in Developing Intermediate Accounting Students' Professional Competencies

This paper reports the results of a survey of faculty members who taught intermediate accounting in Fall, 2005, using the Kieso, Weygandt & Warfield (2004 and 2005) textbook. The purpose of the study was to determine the extent to which the instructors used each type of end-of-chapter (EOC) material that the book contained. The study found that, while students' critical-thinking and communication skills were addressed to some extent, the participants used the EOC material primarily to develop students' technical accounting knowledge. The study also found that the participants seem to have adopted the frequently-voiced suggestion that preparing students to pass the CPA exam should not be a primary focus of accounting education.

• Academy of Educational Leadership Journal
• Vol. 13 Nbr. 2, May 2009

• Emotional Intelligence: From the Classroom to the Workplace

There has been a growing emphasis within the accounting profession on the importance of interpersonal skills and emotional intelligence. The study begins the process of determining the extent of accountants' emotional intelligence competencies, which encompass interpersonal skills considered essential for today's accounting professional. In addition, because of a recent concern by accounting faculty and practitioners that the profession no longer may be attracting the best and the brightest people, the grade point average (GPA) of accounting students and nonaccounting business students are compared and relationship between the GPA and levels of emotional intelligence of these students is examined. The results indicate that the accounting students have a significantly higher GPA than the...

• Management Accounting Quarterly
• Vol. 7 Nbr. 2, January 2006

• Accounting Ethics Courses: A Professional Necessity

The National Association of State Boards of Accountancy (NASBA) is reviewing the comments received on its exposure draft for Rules 5-1, Education Requirements -- Definitions, and 5-2, Education Requirements -- Determining Compliance of the Applicant's Education. A major issue in the exposure draft is the requirement for ethics courses in accounting education. NASBA has received strong opposition from many academics. Many members of committed proponents of the neoclassical economics paradigm appear to be deeply offended by what they believe was a failure by NASBA to obtain their approval on the inclusion of ethics courses in the accounting curriculum; they are lobbying for a committee to study the matter before NASBA goes forward with an ethics requirement. The authors propose that an in...

• CPA Journal, The
• Vol. 75 Nbr. 12, December 2005

• Accounting Firms Enter the Professional Education Business

Accounting firms are rolling out programs to offer continuing professional education credits to chief financial officers, comptrollers and others in private industry with the CPA credential, hoping to provide an additional service to existing clients and win over new ones. The firms are offering the courses and credits after the New York State Society of Certified Public Accountants mandated all CPAs, not just those at public accounting firms, starting this year must comply with continuing professional education requirements.

• Long Island Business News
• September 16, 2009