A&A news July 2010

Community News

Financial Accounting Foundation names Schroeder to lead review of accounting standards

The Financial Accounting Foundation has announced that Mark Schroeder, a recently retired senior partner at Deloitte & Touche LLP, has been named post-implementation review leader.
A&A

KPMG expands capabilities by acquiring Grant Thornton's supply chain advisory services practice

KPMG LLP, the U.S. audit, tax, and advisory firm, this week announced it has expanded its restructuring capabilities through acquisition of the Supply Chain Advisory Services practice of Grant Thornton LLP.
A&A

SEC nails Goldman Sachs for subprime mortgage settlement

The SEC announced on Thursday that Goldman, Sachs & Co. will pay $550 million and reform its business practices to settle SEC charges that Goldman misled investors in a subprime mortgage product just as the U.S. housing market was starting to collapse.
Practice

AccountingWEB LIVE! Conference to offer engaging sessions, CPE credit

AccountingWEB, the leading online media company for accountants, will be presenting the AccountingWEB LIVE! Conference on Tuesday, September 14, at the BWI Airport Marriott in Baltimore.
A&A

Finance execs: Many candidates lack critical thinking, problem solving abilities

Skill sets beyond technical knowledge are critical when it comes to employing experienced accounting professionals most effectively, according to a recent report by Grant Thornton LLP.
A&A

PCAOB proposes new auditing standard on confirmation

The Public Company Accounting Oversight Board this week approved for public comment a proposed audit standard on confirmation, which is designed to strengthen current requirements under the auditing standard.
A&A

Creating financial statements in less time

Intuit Statement Writer in 2010 is equipped with improved features enabling users to present financial statements in compliance with GAAP. By using the Intuit Statement Writer you also will be able to create financial and management reports not possible within the QuickBooks Financial Software.
A&A

Quick list of QuickBooks tips and tricks

There is a plethora of QuickBooks information on the Internet for the curious reader. AccountingWEB has compiled a sampling of tips and tricks designed to make your life a bit easier.
AccountingWEB Life

QuickBooks Tip: Use credit memos, bill credits – not discounts

Customer Discounts (applied on the Receive Payments window) and Vendor Discounts (applied on the Pay Bills window) are effective and efficient ways to discount what your customers owe you and what you owe to your vendors.
A&A

Former Arizona congressman's accountant convicted of embezzling insurance premiums

Dwayne Lequire was found guilty by a federal jury in Tucson, Arizona, last week of eight counts of embezzling insurance premiums and one count of conspiracy.
Tax

Accounting errors, fraud are common problems for small businesses

Experts say the difference between errors and fraud is a question of intent. When it’s your money, does it really matter?
A&A

Intuit hosts Path to Productivity Virtual Conference July 21-22

Intuit is hosting Path to Productivity, a two-day virtual conference designed to increase accounting and tax professionals’ productivity when using Intuit’s professional line of products.
Practice Management

Managing medical marijuana use in the workplace

For employers with operations in the 14 states that have legalized marijuana for medical purposes, it is a difficult task to juggle the need for a drug-free workplace environment and the rights of employees who have prescriptions to legally use marijuana.
Practice Development

AICPA offers white paper to help CPAs, financial pros obtain federal training grants

The American Institute of Certified Public Accountants has published a free white paper to help CPAs and financial professionals understand and locate federal economic stimulus grants for training and specialized certifications.
A&A

Web site community looks to build upon its "hip quotient" with release of hip hop single

How do you change perceptions about the accounting profession? Well, if you are the folks behind The Passionate Accountant.com, you release a hip hop single and mobile phone ringtone, naturally.
A&A

Sam’s Club testing loan program for small-business members

Loans of up to $25,000 will be available to small-business members of Wal-Mart’s Sam’s Club warehouse stores under a partnership with the lender Superior Financial Group.
A&A

Firms must protect information with policy, action

CPAs need to have access to a lot of personal information about their clients. It's the nature of the job. But with identity theft on the rise, the question becomes: What are you doing to protect this information?
A&A

Intuit's Mint.com, Kelley Blue Book to help consumers reach car-buying goals

Kelley Blue Book, a provider of new and used car information, recently announced an agreement with Mint.com, a free online personal finance service from Intuit Inc.
A&A

Start-up Company Aims to Simplify Small Business Cash Flow Management

Two graduates from University of California-Berkley have launched what they hope will become Mint.com for small businesses.
A&A

AICPA educates CPA firms, professors on forensic accounting

As forensic accounting gains a higher profile, the American Institute of Certified Public Accountants (AICPA) is working to expand the profession’s role in the field by educating CPA firms and college professors about the skills required.

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