Heading: Reflections on Ethics, Government Audits, and Not-for-Profit Accounting from a Newly Licensed New York State CPA

The New York State Society of Certified Public Accountants (NYSSCPA) has recently released a new issue of The CPA Journal, focusing on ethics, government audits, and not-for-profit (NFP) accounting. The CEO of NYSSCPA, Calvin Harris, who is also a recently licensed New York State CPA, expressed his excitement about the topics covered in this issue, which are close to his heart.

The issue delves into the importance of ethics in accounting, the significance of government audits, and the unique aspects of NFP GAAP, highlighting their interconnectedness and impact on the accounting profession. One of the key articles in the issue explores the “Fraud Diamond,” a concept that revisits the traditional fraud triangle and its relevance in today’s financial landscape.

In addition to ethics, the journal also discusses misconceptions surrounding single audits in government entities, ways to improve the quality of larger entity audits, and the importance of leadership and effective communication in NFP accounting departments. The issue also introduces a new column on sustainability written by NYSSCPA member Tracey Niemotko, emphasizing the importance of environmental, social, and governance (ESG) concepts in the accounting profession.

Harris encourages fellow CPAs to engage with the content of the journal and share their thoughts on the topics covered. He also invites feedback on how the Society can continue to meet the profession’s needs and remain relevant in the ever-evolving accounting landscape. The release of this issue signifies NYSSCPA’s commitment to providing valuable insights and resources to its members.