JofA Cover Concerns Reader

As an educator, CPA and subscriber to the Journal of Accountancy , I was appalled by your selection of the cover for the January 2004 issue. Money does not grow on trees, and growing wealth is more than just money for the taking.

During the past two years, the auditing profession has lost its self-regulatory status to a governmental oversight organization, the PCAOB. The image you chose is reckless at a time when the accounting and auditing profession desperately needs to regain the public’s confidence on issues of independence and ethics. Such an image is extremely inappropriate and in poor taste for starting the new year. Has the accounting and auditing profession forgotten that independence and ethics include both “in fact” and “in appearance” constructs?

Our profession should be more focused on competence, ethics and protecting the public and less focused on developing solicitation, marketing and sales skills. Haven’t we learned anything?

Helen M. Roybark, PhD, CPA
Assistant Professor of Accounting
Radford University
Radford, Virginia


Year-end tax planning and what’s new for 2016

Practitioners need to consider several tax planning opportunities to review with their clients before the end of the year. This report offers strategies for individuals and businesses, as well as recent federal tax law changes affecting this year’s tax returns.


News quiz: Retirement planning, tax practice, and fraud risk

Recent reports focused on a survey that gauges the worries about retirement among CPA financial planners’ clients, a suit that affects tax practitioners, and a guide that offers advice on fraud risk. See how much you know with this short quiz.


Bolster your data defenses

As you weather the dog days of summer, it’s a good time to make sure your cybersecurity structure can stand up to the heat of external and internal threats. Here are six steps to help shore up your systems.