March April 2024
IN THIS ISSUE:
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Public Disclosure
Internal Controls for Non-Profit Organizations
In the current environment, non-profit organizations are increasingly being subjected to public pressure related to their financial statements. Internal controls are financial management practices that are used to prevent misuse and misappropriation of assets. Internal controls are generally described in written policies that set forth the procedures the NPO will follow, as well as who is responsible.Read More Download Issue -
CPE: Incentive Compensation Clawback, SEC’s New Promulgation
The Dodd-Frank Wall Street Reform and Consumer Protection Act deals with numerous aspects of corporate governance – including executive compensation. In October 2022, the SEC promulgated the final clawback rule that Section 954 of the Dodd-Frank Act mandated. This article summarizes the new SEC promulgation for incentive compensation clawback rules.Read More Download Issue
Securities and Exchange Commission
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RuBook Creative
Spotlight on CPAs: Rubik Yeriazarian, CPA-Houston, CFE, CFF
TXCPA member Rubik Yeriazarian is the founder of Flat Fee Consulting LLC, a firm offering financial forensic services to small to mid-size businesses, and data consulting services and Excel-based CPE training to accounting firms. In 2020, he also established RuBook Creative, where he practices “Creative Accounting in a Non-Fraudulent Way” by providing unique products for CPAs to share with clients, friends and referral sources.Read More Download Issue -
The Case for and Against Mandatory Rotation of Audit Firms
Audit firm rotation can enhance independence and mandatory rotation of the audit firm after a period enhances the likelihood that the audit will be completed in an unbiased manner, grounded in honesty and integrity. This article discusses the costs and benefits in the context of onboarding a new audit firm.Read More Download Issue
Professional Skepticism
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TXCPA San Antonio
What’s Happening Around Texas
In What’s Happening Around Texas, we give you highlights of events and activities happening around the state in the TXCPA chapters. With 20 strong local chapters, TXCPA members connect in their communities and across Texas.Read More Download Issue -
TXCPA Advocacy – A Successful 2023 and a Look Ahead
During the 88th Texas legislative session, TXCPA was able to pass two significant pieces of legislation to help with the CPA pipeline. Senate Bill 159 allows CPA candidates to begin to take the CPA Exam after completing 120 hours of education. House Bill 2217 allows more accounting students to have access to accounting scholarship funds. Contributions to the TXCPA PAC help make our legislative efforts possible.Read More Download Issue
TXCPA PAC
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Dynamic Audit Solution
Embracing the Future of Audits
Technology is transforming the way we do business. Leveraging technology in the audit space can help us continue to ensure quality, evolve our work and grow our profession.Read More Download Issue -
The Wild West: The Lasso is Out for Crypto
The financial collapse of FTX Trading Ltd. and the ensuing criminal fraud charges against its founder have brought into focus the inherent risks of cryptocurrency and the inability of the financial system to keep up with its evolution. As the market has grown, so has its complexity and the structures within which investments are made.Read More Download Issue
Security Tokens
CHAIR
Tim Pike, CPA
PRESIDENT/CEO
Jodi Ann Ray, CAE, CCE, IOM
CHIEF OPERATING OFFICER
Melinda Bentley, CAE
EDITORIAL BOARD CHAIR
Jennifer Johnson, CPA
Staff
MANAGING EDITOR
DeLynn Deakins
ddeakins@tx.cpa
COLUMN EDITOR
Don Carpenter, MSAcc/CPA
WEB EDITOR
Wayne Hardin
CLASSIFIEDS
DeLynn Deakins
Texas Society of CPAs
14131 Midway Rd., Suite 850
Addison, TX 75001
972-687-8550
ddeakins@tx.cpa
Editorial Board
Arthur Agulnek, CPA-Dallas;
Shivam Arora, CPA-Dallas;
Derrick Bonyuet-Lee, CPA-Austin;
Aaron Borden, CPA-Dallas;
Don Carpenter, CPA-Central Texas;
Melissa Frazier, CPA-Houston;
Rhonda Fronk, CPA-Houston;
Aaron Harris, CPA-Dallas;
Baria Jaroudi, CPA-Houston;
Elle Kathryn Johnson, CPA-Houston;
Jennifer Johnson, CPA-Dallas;
Joseph Krupka, CPA-Dallas;
Lucas LaChance, CPA-Dallas, CIA;
Nicholas Larson, CPA-Fort Worth;
Anne-Marie Lelkes, CPA-Corpus Christi;
Bryan Morgan, Jr, CPA-Austin;
Stephanie Morgan, CPA-East Texas;
Kamala Raghavan, CPA-Houston;
Amber Louise Rourke, CPA-Brazos Valley;
Barbara Scofield, CPA-Permian Basin;
Nikki Lee Shoemaker, CPA-East Texas, CGMA;
Natasha Winn, CPAHouston.
Design/Production/Advertising
Media By Design, LLC
mediabydesign@gmail.com
CONTRIBUTORS
Melinda Bentley; Kenneth Besserman; Kristie Estrada; Holly McCauley; Craig Nauta; Kari Owen; April Twaddle