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September 2022

22 | Help clients make 3 critical 34 | Tax Matters
shifts in retirement Innocent-spouse relief unavailable for
Retirees must learn to look TFRP, Tax Court holds
differently at how to gauge their Damages limited in IRS’s willful
spending, how to minimize taxes, violation of bankruptcy discharge
and to whom to give a power of Government seeks rehearing in
attorney. Seaview partnership return filing
case
28 | What everyone can do
to strengthen the next 40 | Technology Q&A
generation of CPAs This month’s column shows how to
Firms, faculty, and CPAs all play use Smart Lookup in Excel, how
crucial roles in promoting the pro- to set a meeting’s agenda times in
This month’s TOP STORIES fession to young people. Here are Excel, and how to customize what
ways you can bolster the pipeline. opens in Excel.
6 | Handling sales tax 44 | The Last Word
nexus audits Kimberly Kirkendall, CPA,
president of International Resource
States have been aggressively enforcing Development Inc. in Cleveland,
new nexus rules since Wayfair, but busi- focuses on helping companies
nesses can mitigate risk and fight back. operate in a more effective way as
international businesses.
12 | Using Benford’s Law to reveal
journal entry irregularities
BOTTOM LEFT: PHOTO BY BRANDONJ74/GETTY IMAGES; MIDDLE: IMAGE BY PM IMAGES/GETTY IMAGES; RIGHT: PHOTO BY PHIL LONG/AP IMAGES
Benford’s Law can help find
indicators of fraud where
perpetrators create large numbers
of fictitious journal entries below
ON THE COVER: IMAGE BY MIRAGEC/GETTY IMAGES; TOP LEFT: IMAGE BY JAVIER ZAYAS PHOTOGRAPHY/GETTY IMAGES;
their auditor’s testing threshold. It
can also identify irregularities with COLUMNS
other causes.
04 | Professional Liability
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Cyberattacks cost firms time and issues, pandemic payroll issues and
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their reputation. Use these strate- tion issues in the gig economy.
gies to help prevent a breach. PAGE 38

AICPA: Where to turn

Member Service Center AICPA Technical Hotline AICPA Tax Section
1-888-777-7077 1-877-242-7212 Visit www.aicpa.org/tax to
Or chat with us at www.aicpa.org. 9 a.m.–8 p.m. ET, Monday–Friday stay current on the latest tax
Chat and phone service available us.aicpa.org/research/technicalhotline.html developments and access guidance,
9 a.m.–8 p.m. ET, Monday–Thursday The hotline is available for questions about tools, and learning on key topics and
and 9 a.m.–6 p.m. ET, Friday accounting, auditing, and attest. A live chat trending issues.
feature is also available.

journalofaccountancy.com September 2022 | 3