A&A news May 2010 | AccountingWEB

A&A news May 2010

Practice Management

Is the profession headed for bottle shock?

There are other professional groups edging their way into the sacred relationships accountants have had with the business community and opening up choices for consumers like never before.

Humbling moments: Words to the wise, “Put it in writing”

The silent approach to communication might be fine for a mime, but it can lead to trouble for accountants. One area where lack of written communication repeatedly opens the door for claims is preparation of estate tax returns.

E&Y and UBS settle HealthSouth lawsuits

Swiss bank UBS AG and accounting firm Ernst & Young LLP have agreed to pay $250.5 million to resolve investor lawsuits regarding an accounting fraud uncovered at HealthSouth Corp. in 2003.


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