Journal of Accountancy Large Logo
May 2013
Preparing for disaster
PRACTICE MANAGEMENT

What would you do if a natural or manmade catastrophe devastated the city where your business is located? Would your employees know where to go and what to do? Would you be able to access essential business data and applications? What can you do now to ensure your business can endure a future calamity? Find out from CPA firms that survived three of the worst weather-related disasters in U.S. history.

Assurance opportunities broaden
ATTESTATION & ASSURANCE
As companies begin to see more value in producing sustainability reports, they will need external assurance. Now is the time for CPAs to take advantage of an opportunity by expanding their skill sets to provide assurance on sustainability.
MANAGEMENT ACCOUNTING

Retirement seems like more of a distant goal for a significant number of CFOs—and that might be a problem for those who are looking to move up.

TAX
Conservation easement donations continue to face IRS challenges on issues of valuation, substantiation, and subordination of mortgagee rights.
PROFESSIONAL LIABILITY SPOTLIGHT

Henry E. Kinser, a partner with the law firm Wyatt Tarrant & Combs LLP in Lexington, Ky., is a leading attorney specializing in the defense of audit malpractice claims. He shared his insights about these exposures.

ATTESTATION & ASSURANCE
A study argues that diversity of assurance standards in sustainability reporting contributes to sharp variance in the quality of the services provided.
MANAGEMENT ACCOUNTING / AUDITING
Auditors and other accountants who help management assess corporate risks would benefit if companies added the cash conversion cycle method to more traditional measures of liquidity.
SPECIAL REPORT
The JofA hears from a panel of three leaders on their ideas about efforts on Capitol Hill to modernize and streamline the Internal Revenue Code. Sponsored by Drake Software.
FORENSIC & VALUATION SERVICES

The top priorities of forensic and valuation services (FVS) accountants have changed drastically over the past few years, with business development concerns outpacing technical issues, according to a new AICPA study. The 2013 FVS Membership Top Issues Survey found that “bringing in new clients” ranked as the top issue facing respondents. The results were a shift from 2010, when the last such study found that “keeping up with professional standards” was No. 1.

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