Fraud finds: auditors, armed with SOX provisions, chip away at
corporate fraud.(CORPORATEFRAUD)
An independent auditor is required to plan and perform an audit to
obtain reasonable assurance that financial statements are free of
material misstatements, whether caused by error or fraud.
. . .
Interviewing 101: conduct a safe, legal interview--and hire the
best candidate for your position.(EMPLOYMENTPRACTICES)
Employment-related issues have been a legal minefield for
employers. Asking the wrong questions during the interview process--or
in pre-interview applications--can spell disaster for a company or . . .
Cost segregation: a closer look at an emerging tax planning
trend.(TAXPLANNING)
Taxpayers and their advisers constantly are looking for ways to
legally reduce their taxes by implementing planning solutions that will
help them to shelter income against tax. In recent years, . . .
Tax Patents: until Legislation banning patents is certain, CPAs
should be prepared.(PROFESSIONALISSUES)
Recent actions of the U.S. Patent and Trademark Office are poised
to present CPAs and other tax practitioners with a new set of
challenges.
A landmark judicial decision in 1998 resulted in the . . .
AICPA releases: off-ramping retention guide.
This brochure provides innovative ideas to build employee loyalty
and keep off-ramped individuals--those on family leave--connected to the
organization through improved technology options, flexible . . .
Supporting women's retention & advancement: 12 key
questions your organization needs to ask.
1. Do you track the percentage of women entering your organization
and the percentage of women in leadership positions?
2. Is women's retention and development a component of your
strategic . . .
Pivotal: as the scale tips toward a female majority in the
profession, change is inevitable.
The numbers don't lie. Over the past 35 years, the ranks of
female CPAs in the nation has jumped from 2,000 to more than 100,000,
and there are more to come. Nationwide, more than 50 percent of the . . .
Member milestones.
ANNOUNCEMENTS
Macias Gini & O'Connell LLP has announced the following
promotions: Linda Hurley to director; Eugene Ma to senior manager;
Prudence Pugeda, CPA to director; Debbie Chan to senior . . .
Small business hiring mistakes.(HR News)
Recruiting is always on top of the list of small-business
challenges, but a few simple techniques that tweak the recruiting and
hiring process can help to avoid some of the more common . . .
'More likely than not' causes tax preparer
distress.(AICPA News)
The AICPA is urging Congress to modify a provision it approved that
has resulted in a fundamental change in the role of tax return preparers
and, according to the AICPA, will cause an increase in . . .
IRS not complying with basic computer security practice.(Senate
Finance Committee News)
An audit by the Office of the Treasury Inspector General for Tax
Administration discovered that IRS employees, including managers, are
not complying with the basic computer security practice of . . .
IRS seeks new issues for Industry Issue Resolution
Program.
The IRS is encouraging business taxpayers, associations and other
interested parties to submit controversial or frequently disputed tax
issues to the Industry Issue Resolution Program.
The . . .
IRS eliminates Schedule P to Form 5500.(Internal Revenue
Service)(Brief article)
The IRS recently announced Form 5500 filers no longer have to
submit Schedule P, Annual Return of Fiduciary Benefit Trust.
The decision was made to discard that requirement to reduce . . .
IRS changes system to update passwords.(IRS News)(Internal
Revenue Service)(Brief article)
The IRS has made available to tax practitioners a better system for
changing their expired password for E-services. Under the new system,
when a user logs on to the system, they will be asked a few . . .
New venture for Armanino McKenna.
Armanino McKenna LLP, the largest California-based accounting and
business consulting firm, has joined forces with publishing veteran
Vintage Foster to form Armanino McKenna Foster (AMF), a media . . .
SEC approves new audit standard.(PCAOB News)(United States
Securities and Exchange Commission)(Brief article)
The SEC recently approved the PCAOB's Auditing Standard No. 5,
An Audit of Internal Control Over Financial Reporting That Is Integrated
with An Audit of Financial Statements, which replaces the . . .
New fee & reporting requirement.(BOE News)(Brief
article)
Effective Jan. 1, 2007, most California employers with 50 or more
employees, who work more than 500 hours per year, are required to file
an environmental fee return and pay a fee based on the . . .
New adjusted interest rate.(FTB News)
The adjusted interest rate has been determined for the period Jan.
1, 2008 to June 30, 2008, and will remain at 8 percent. The interest
rate (Sec. 19521, formerly 19269, of the California Revenue . . .
Accounting for insurance projects?(FASB News)
The Financial Accounting Standards Board has issued an invitation
to comment to help it decide whether there is a need for a project on
accounting for insurance contracts and whether it should . . .
Accounting & Auditing.(EDUCATION FOUNDATION FOCUS)
Don't miss this year's Accounting & Auditing
Conference
Oct 17 in Los Angeles and Oct 18 in San Francisco. Focused on
current and emerging issues, the conference will provide technical
guidance . . .
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