Changes in New York State’s requirements for obtaining a CPA license have necessitated several ch... more Changes in New York State’s requirements for obtaining a CPA license have necessitated several changes for many accounting departments. This study posed several questions relating to: how students planned to meet the 150 semester hour (credits) education requirement for licensure as well as obtaining the one year experience requirement. The results showed that most students plan to go to graduate school. Many students will also have 150 credits when completing their accounting studies and will not have need for additional education. Finally, students surveyed strayed off the path of public accounting, or more specifically audit (which was traditionally the initial career needed for CPA licensure), as satisfying the one year experience requirement towards licensure.
Journal of forensic accounting research, Jul 15, 2021
ABSTRACTIn an experimental setting, we examine consumer reactions in daily deal transactions when... more ABSTRACTIn an experimental setting, we examine consumer reactions in daily deal transactions when they are overcharged sales tax. Overcharges arise when the daily deal operators subsequently provide additional discounts to consumers unbeknownst to the merchants. Drawing on social status and attribution theories, we posit that consumers will ascribe causes for the overcharges to the merchants because of their lower status when compared to the higher status of the daily deal operators. We then examine the main and moderating effects of the overcharges on the behavioral intentions of consumers to repurchase from merchants. Merchants' ability to verify correct sales prices, descriptive social norms, and the trust placed in accountants explain variations in repurchase intentions. Overall, the results suggest that ethical norm violations by higher-status entities results in the transfer of negative consequences to lower-status entities. Forensic accountants can be instrumental in helping businesses to understand the effects of ethical norm violations.
Change is coming to higher education, whether colleges and universities like it or not. The insti... more Change is coming to higher education, whether colleges and universities like it or not. The institutions of higher education that survive will be the ones that learn how to eliminate bloat and become efficient. This paper highlights four simple changes that could save colleges millions of dollars. CUNY was used as an example, but this paper's recommended changes would benefit most colleges.
INTRODUCTIONVarious sources have conducted statistical analysis, over several years, and have con... more INTRODUCTIONVarious sources have conducted statistical analysis, over several years, and have concluded that there is a shortage of candidates obtaining a Ph.D. in accounting. Understanding the extensive criteria for obtaining a Ph.D. in accounting and the various reasons why there is a shortage in this particular area will help put more emphasis on both the need and ways to help alleviate this ongoing problem. Appreciating what the Ph.D. program can offer should be given more emphasis by the institutions offering it and also understood by potential candidates. "While the road to academia is not an easy one, the rewards can be gratifying" (Wermert, 2005). Self-reward is often linked to the degree of intellectual satisfaction obtained by the Ph.D. candidate.BACKGROUNDThere are many causes, we believe, for the shortage of Ph.D's in accounting. In this section, we will discuss a few of what we believe are the principle causes of the problem.Faculty Retirements: Faculty me...
Journal of Higher Education Theory and Practice, Feb 1, 2012
Changes in New York State's requirements for obtaining a CPA license have necessitated several ch... more Changes in New York State's requirements for obtaining a CPA license have necessitated several changes for many accounting departments. This study posed several questions relating to: how students planned to meet the 150 semester hour (credits) education requirement for licensure as well as obtaining the one year experience requirement. The results showed that most students plan to go to graduate school. Many students will also have 150 credits when completing their accounting studies and will not have need for additional education. Finally, students surveyed strayed off the path of public accounting, or more specifically audit (which was traditionally the initial career needed for CPA licensure), as satisfying the one year experience requirement towards licensure. BACKGROUND Changes in CPA Regulations "On January 27, 2009, Governor David A. Paterson signed into law a sweeping reform to the law regulating the CPA profession in the state of New York" (The New York State Society of Certified Public Accountants, 2009). This new law provides for a variety of changes to New York State Licensed CPAs as well as accounting students including: 1. Defining the scope of services covered for the practice of public accountancy in New York State. The essence of subdivision three of Section 7401 of the New York State Education Department's Public Accountancy Law expands the scope of practice to beyond attest and/or compilation services to "services including, but not limited to, accounting, management advisory, financial advisory, and tax." 2. Expanding the registration of CPA's. This now includes any New York State licensed CPA using those skills and competencies in areas such as public accounting, private industry, government, non-profit, or academe. 3. Continuing Professional Education requirements (CPE). All CPA's are now required to obtain forty hours of CPE in general studies or twenty-four hours in a concentrated area such as accounting, auditing, taxation, or industry specific. These requirements need to be completed by active status members by December 31st of each year.
INTRODUCTIONAccounting professors have the awesome responsibility of preparing students to enter ... more INTRODUCTIONAccounting professors have the awesome responsibility of preparing students to enter into the accounting profession. This is not an easy task as students who enter the accounting profession today encounter scenarios, accounting treatments, rules and regulations which require a great deal of preparation and understanding in order to meet the challenges as they arise. The question therefore arises as to which individual is better suited to be an accounting professor. This has long been debated and is still being debated in the academic as well as professional community. "Accounting is a practical profession. The preponderance of PhD's do not have practical experience, but they do have textbook knowledge. The practical aspects of the profession that a student may encounter need to be taught by the practicing CPA" (Fischman, 2007). Therefore, the question arises as to whether students view the professor differently depending upon whether the professor holds a C...
What is fraud, anyway? Who commits fraud, and who are the victims? Why does fraud occur? The inci... more What is fraud, anyway? Who commits fraud, and who are the victims? Why does fraud occur? The incidence of fraud Identifying Potential Employers: Who Hires Forensic Accountants? Chapter 2: Steering Your Career toward Forensic Accounting Setting Yourself Apart from the ...
Changes in New York State's requirements for obtaining a CPA license have brought change to ... more Changes in New York State's requirements for obtaining a CPA license have brought change to many accountancy departments. This study questioned how students planned to meet the 150-hour (credit) requirement for CPA licensure. In addition, this study addressed the ...
Accountants and auditors are no longer number crunchers that are primarily concerned with examini... more Accountants and auditors are no longer number crunchers that are primarily concerned with examining historical data. They are being used by most firms to provide advice and as such are often the power behind the throne. As advisors, they need to understand that they play an important role in how a firm is run. The authors feel that accountants and auditors should be at the forefront of those trying to inculcate values into a company. One way to do this requires that they see their role as that of a servant leader. As servant leaders, they will understand that for firms to thrive they must be run in a manner in which caring about employees, customers, and the community are core values of the firm.
Tai Chi is an ancient Chinese art used for exercise as well as martial art. The health (physiolog... more Tai Chi is an ancient Chinese art used for exercise as well as martial art. The health (physiological as well as psychological) benefits of tai chi have been studied extensively. However there has not been much study of the effects of tai chi on learning. This paper describes an experiment to determine of tai chi has any affect on the leaning of college level accounting students.
A key principle of financial reporting is that substance matters, not form. This is how auditors ... more A key principle of financial reporting is that substance matters, not form. This is how auditors ensure that a firm will be viable in the future. The authors provide a checklist of goals that an organization should examine in order to determine whether it is investing in the long-run rather than being concerned with short-term goals that only provide the appearance of health. Goals that are crucial for long-term viability include: increasing customer satisfaction; retention of key employees; providing meaningful work; ensuring employee engagement; creation of an ethical tone at the top; and building a strong, positive reputation.
Changes in New York State’s requirements for obtaining a CPA license have necessitated several ch... more Changes in New York State’s requirements for obtaining a CPA license have necessitated several changes for many accounting departments. This study posed several questions relating to: how students planned to meet the 150 semester hour (credits) education requirement for licensure as well as obtaining the one year experience requirement. The results showed that most students plan to go to graduate school. Many students will also have 150 credits when completing their accounting studies and will not have need for additional education. Finally, students surveyed strayed off the path of public accounting, or more specifically audit (which was traditionally the initial career needed for CPA licensure), as satisfying the one year experience requirement towards licensure.
Journal of forensic accounting research, Jul 15, 2021
ABSTRACTIn an experimental setting, we examine consumer reactions in daily deal transactions when... more ABSTRACTIn an experimental setting, we examine consumer reactions in daily deal transactions when they are overcharged sales tax. Overcharges arise when the daily deal operators subsequently provide additional discounts to consumers unbeknownst to the merchants. Drawing on social status and attribution theories, we posit that consumers will ascribe causes for the overcharges to the merchants because of their lower status when compared to the higher status of the daily deal operators. We then examine the main and moderating effects of the overcharges on the behavioral intentions of consumers to repurchase from merchants. Merchants' ability to verify correct sales prices, descriptive social norms, and the trust placed in accountants explain variations in repurchase intentions. Overall, the results suggest that ethical norm violations by higher-status entities results in the transfer of negative consequences to lower-status entities. Forensic accountants can be instrumental in helping businesses to understand the effects of ethical norm violations.
Change is coming to higher education, whether colleges and universities like it or not. The insti... more Change is coming to higher education, whether colleges and universities like it or not. The institutions of higher education that survive will be the ones that learn how to eliminate bloat and become efficient. This paper highlights four simple changes that could save colleges millions of dollars. CUNY was used as an example, but this paper's recommended changes would benefit most colleges.
INTRODUCTIONVarious sources have conducted statistical analysis, over several years, and have con... more INTRODUCTIONVarious sources have conducted statistical analysis, over several years, and have concluded that there is a shortage of candidates obtaining a Ph.D. in accounting. Understanding the extensive criteria for obtaining a Ph.D. in accounting and the various reasons why there is a shortage in this particular area will help put more emphasis on both the need and ways to help alleviate this ongoing problem. Appreciating what the Ph.D. program can offer should be given more emphasis by the institutions offering it and also understood by potential candidates. "While the road to academia is not an easy one, the rewards can be gratifying" (Wermert, 2005). Self-reward is often linked to the degree of intellectual satisfaction obtained by the Ph.D. candidate.BACKGROUNDThere are many causes, we believe, for the shortage of Ph.D's in accounting. In this section, we will discuss a few of what we believe are the principle causes of the problem.Faculty Retirements: Faculty me...
Journal of Higher Education Theory and Practice, Feb 1, 2012
Changes in New York State's requirements for obtaining a CPA license have necessitated several ch... more Changes in New York State's requirements for obtaining a CPA license have necessitated several changes for many accounting departments. This study posed several questions relating to: how students planned to meet the 150 semester hour (credits) education requirement for licensure as well as obtaining the one year experience requirement. The results showed that most students plan to go to graduate school. Many students will also have 150 credits when completing their accounting studies and will not have need for additional education. Finally, students surveyed strayed off the path of public accounting, or more specifically audit (which was traditionally the initial career needed for CPA licensure), as satisfying the one year experience requirement towards licensure. BACKGROUND Changes in CPA Regulations "On January 27, 2009, Governor David A. Paterson signed into law a sweeping reform to the law regulating the CPA profession in the state of New York" (The New York State Society of Certified Public Accountants, 2009). This new law provides for a variety of changes to New York State Licensed CPAs as well as accounting students including: 1. Defining the scope of services covered for the practice of public accountancy in New York State. The essence of subdivision three of Section 7401 of the New York State Education Department's Public Accountancy Law expands the scope of practice to beyond attest and/or compilation services to "services including, but not limited to, accounting, management advisory, financial advisory, and tax." 2. Expanding the registration of CPA's. This now includes any New York State licensed CPA using those skills and competencies in areas such as public accounting, private industry, government, non-profit, or academe. 3. Continuing Professional Education requirements (CPE). All CPA's are now required to obtain forty hours of CPE in general studies or twenty-four hours in a concentrated area such as accounting, auditing, taxation, or industry specific. These requirements need to be completed by active status members by December 31st of each year.
INTRODUCTIONAccounting professors have the awesome responsibility of preparing students to enter ... more INTRODUCTIONAccounting professors have the awesome responsibility of preparing students to enter into the accounting profession. This is not an easy task as students who enter the accounting profession today encounter scenarios, accounting treatments, rules and regulations which require a great deal of preparation and understanding in order to meet the challenges as they arise. The question therefore arises as to which individual is better suited to be an accounting professor. This has long been debated and is still being debated in the academic as well as professional community. "Accounting is a practical profession. The preponderance of PhD's do not have practical experience, but they do have textbook knowledge. The practical aspects of the profession that a student may encounter need to be taught by the practicing CPA" (Fischman, 2007). Therefore, the question arises as to whether students view the professor differently depending upon whether the professor holds a C...
What is fraud, anyway? Who commits fraud, and who are the victims? Why does fraud occur? The inci... more What is fraud, anyway? Who commits fraud, and who are the victims? Why does fraud occur? The incidence of fraud Identifying Potential Employers: Who Hires Forensic Accountants? Chapter 2: Steering Your Career toward Forensic Accounting Setting Yourself Apart from the ...
Changes in New York State's requirements for obtaining a CPA license have brought change to ... more Changes in New York State's requirements for obtaining a CPA license have brought change to many accountancy departments. This study questioned how students planned to meet the 150-hour (credit) requirement for CPA licensure. In addition, this study addressed the ...
Accountants and auditors are no longer number crunchers that are primarily concerned with examini... more Accountants and auditors are no longer number crunchers that are primarily concerned with examining historical data. They are being used by most firms to provide advice and as such are often the power behind the throne. As advisors, they need to understand that they play an important role in how a firm is run. The authors feel that accountants and auditors should be at the forefront of those trying to inculcate values into a company. One way to do this requires that they see their role as that of a servant leader. As servant leaders, they will understand that for firms to thrive they must be run in a manner in which caring about employees, customers, and the community are core values of the firm.
Tai Chi is an ancient Chinese art used for exercise as well as martial art. The health (physiolog... more Tai Chi is an ancient Chinese art used for exercise as well as martial art. The health (physiological as well as psychological) benefits of tai chi have been studied extensively. However there has not been much study of the effects of tai chi on learning. This paper describes an experiment to determine of tai chi has any affect on the leaning of college level accounting students.
A key principle of financial reporting is that substance matters, not form. This is how auditors ... more A key principle of financial reporting is that substance matters, not form. This is how auditors ensure that a firm will be viable in the future. The authors provide a checklist of goals that an organization should examine in order to determine whether it is investing in the long-run rather than being concerned with short-term goals that only provide the appearance of health. Goals that are crucial for long-term viability include: increasing customer satisfaction; retention of key employees; providing meaningful work; ensuring employee engagement; creation of an ethical tone at the top; and building a strong, positive reputation.
The perceived purpose of college education has shifted in the past century from teaching ethics/m... more The perceived purpose of college education has shifted in the past century from teaching ethics/morality/values to acquiring a philosophy of life to acquiring the skills to do well in a career. Acquiring the right skills for professional success means taking the right courses. This paper attempts to answer the question as to what makes a course or major valuable. The author describes ten skills that students must acquire to achieve professional and personal success. In the knowledge economy, successful firms desperately need employees with such skills as creativity, critical thinking, and a passion for knowledge. Students without these skills may find employment but will ultimately find themselves stuck in dead-end jobs.
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Papers by Frimette Kass