CPE must address reporting. (Letters).Continuing professional education adds enormous value to the CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. profession--that is uncontested. However, any program must be tailored to meet the needs of the market. Since the landscape of corporate reporting has been shifted to a more pervasive earnings management, the fundamentals of conservative financial reporting seem suspended in some companies. Thus, CPE (Customer Premises Equipment) Communications equipment that resides on the customer's premises. CPE - Customer Premises Equipment courses at public accounting firms should incorporate effective analytical tools to address current reporting issues. Above and beyond emphasizing new accounting pronouncements, CPA firms should equip their staffs with the skills to uncover financial shenanigans shenanigans Noun, pl Informal 1. mischief or nonsense 2. trickery or deception [origin unknown] . The main financial statements are synonymous with synonymous with adjective equivalent to, the same as, identical to, similar to, identified with, equal to, tantamount to, interchangeable with, one and the same as the "checks and balances" system of the three branches of our government. If a manipulation of numbers had occurred in one statement, later statements would expose the deficiency. Financial statements should be in balance. Auditors need to be on the alert for any unreasonable relationships among the financial statements--for example, creating a relationship between net cash flow from operations Cash flow from operations A firm's net cash inflow resulting directly from its regular operations (disregarding extraordinary items such as the sale of fixed assets or transaction costs associated with issuing securities), calculated as the sum of net income plus noncash expenses and net income to determine quality of earnings. Omar Camara, CPA Chicago |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion