A&A news August 2009

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New Code of Ethics will facilitate global convergence

Earlier this summer, the International Ethics Standards Board for Accountants (IESBA) issued a revised Code of Ethics for Professional Accountants.
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Social networking presents serious concern to business owners

Fifty-eight percent of executives agree that the reputational risk of social networking should be a boardroom issue.
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"Reach out" and "interface" with "cutting edge" "game changers"

The workplace is overwrought with cliches, buzzwords and industry jargon, often leading to a "disconnect" between coworkers.
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New insurance coverage protects against identity theft

Identity theft is a costly crime for society and for the individual involved. CPAs, who deal with personal information and whose reputation is built on trust, need to take special care to protect their clients' information.
A&A

Parente Randolph and Beard Miller Company announce intent to merge

Two of the top 40 accounting and consulting firms in the United States – Parente Randolph LLC and Beard Miller Company LLP – announce their intent to merge.
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PCAOB reporting rules to take effect October 12

PCAOB rules requiring reporting by registered public accounting firms were approved by the SEC on August 13, 2009 and will take effect on October 12, 2009.
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FASB may extend fair value to loans

The Financial Accounting Standards Board (FASB) has decided to move ahead with a proposal to extend mark-to-market accounting (FAS 157, Accounting for Fair Value) to loans and other securities.
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Large money laundering schemes often go undetected

Identifying and then unraveling money laundering schemes in a global financial network amounts to “finding a needle in a haystack of needles.”
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Cash management and the CPA

The Credit Crisis of 2008/2009 has put new emphasis on cash management and corporate liquidity. As a result, financial managers are seeking to expand their knowledge of treasury management to better meet the needs of their companies.
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7 tips to improve your cash flow

You cannot function successfully in any business without proper cash flow. So why do so many businesses struggle? Sometimes the obvious is not always so obvious. Here are seven tips to improve your cash flow!
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Could accounting standards be the next political football?

Accountants who attended the annual meeting of the American Accounting Association had some weighty questions for their guest, Barney Frank.
A&A

Half of laid off workers have landed new jobs

Laid off workers continue to be resilient, even as the economy is slow to improve.