Category: Letters

Letter to the Editor: Crypto-assets

CPA Journal, October 2019 I read with interest the article in the June 2019 CPA Journal by Andre Sterley (“Cryptoassets: Accounting for an Emerging Asset Class,” http://bit.ly/2l7CYf9). It’s an excellent article about how cryptoassets (a superset of cryptocurrencies) cannot fit well within U.S. GAAP or IFRS. I make these two comments:.. Full Article

Letter to the Editor: Virtual Currency

CPA Journal, June 2019 I have been following the virtual currency (VC) debate and marketplace for some years now, and would like to share my observations as a person focused on economic realities, as well as my background in fraud investigations and computer science. Firstly, traditional money is backed up by a faith and credit […]

Important Clarifications on Valuation Standards (letter)

I read with interest the November 2017 article issue, “Helping Business Owners Understand Valuation Approaches” (Sidney Kess and Edward Mendlowitz, http://bit.ly/2BmvfQv). I congratulate the authors on a timely and succinct discussion of the matter. I have, however, the following three comments: First, there are actually two types of reports that are “an official opinion and […]

A Software Solution for Leases May Prove Elusive

CPA Journal, June 2015 A Software Solution for Leases May Prove Elusive I read with interest “Preparing for the Looming Changes in Lease Accounting” (Dennis Chambers, James Dooley, Catherine A. Finger, The CPA Journal, January 2015), and I commend the authors of identifying “the problem” in a clear manner. The authors are correct to point […]