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Community News

KPMG Takes a Stab at SEC Auditor Independence Proposals

Terry Strange, Global Managing Partner of Audit for KPMG, took the podium yesterday at the SEC auditor independence hearings, and offered his reservations about the hurried nature of the proposed auditor restrictions as well as the inappropriateness of the barriers to auditing firms providing non-audit services.Noting his complete support of the SEC's desire to modernize independence rules, Strange expressed two troubling aspects of the proposals:The bundling of the much needed revisions of existing rules on investments and family relationships
Technology

A Focus on the Secret Service Cyber-Crimes Unit

With more and more CPAs and their staffs specializing in fraud-related engagements, especially forensic accounting investigations, a look inside the Secret Services' cyber crime fighting division is a fascinating study in high-tech surveillance.Known as the Electronic Crimes Special Agent Program (ECSAP), the division itself has grown over 900 percent in the last three years.

SurePayroll.com Announces Formation of Three Strategic Partnerships

HIGHLAND PARK, IL - July 27, 2000 - SurePayroll.com, a radically new web-based payroll system, announces it has created strategic partnerships with American Express, Compubank and SmartAge.com. SurePayroll.com continues to aggressively push into the small business arena. Its 100% web-based payroll solution has already simplified the tedious and time-consuming back-office task of processing payroll for companies throughout the country.
Community News

Deloitte Demonstrates Commitment to Women's Issues

Deloitte & Touche has released the findings of a survey conducted late last year regarding women in elected positions, particularly as president of the United States.According to CEO James Copeland Jr., the firm commissioned the survey to demonstrate its commitment to women's issues.

It's Mickey Mouse: How Copyright Law Affects Accounting

In many situations, matters like copyright infringement directly affect the accounting profession in a number of ways. Why?It's easy to understand that big business wants to protect its assets. Take the case of Disney, who banks on the fact that Mickey Mouse is spared any public domain once the character's copyright period expires.Based on a 1998 law enacted by Congress called the Sonny Bono Copyright Term Extension Act (CTEA), companies like Disney can hold on to a copyright for a term as long as 20 more years.

CPAvenue Launches Virtual Office for Accounting Firms

CPAvenue Launches Virtual Office for Accounting Firms(teams with leading ASP, huddle247, Inc.)ASP "Virtual Office" product launched by Charles R. McCann,CPA, former managing partner of now CBIZ company, Mayer Hoffman McCannKansas City, MO and Santa Ana, CA--July 25, 2000--Charles R. McCann, CPA, President of Q3Avenue, LLC announced today the launch of CPAvenue, a remote-hosted, subscription-based ASP "Virtual Office" for small and medium size accounting firms.

Global Tax Network's 2000 Online Tax Organizer

Global Tax Network announces the latest version of its online tax organizer, including download support for Prosystem fx, GoSystem, and Lacerte software.Global Tax Network (gtn) is an online service that provides an easy to use, convenient online tax organizer for use by individual tax clients. The online organizer supplements existing professional tax software programs. GTN’s online tax organizer allows tax preparers to download client information directly into their tax preparation software.
Technology

Columbia Law Professor Offers Auditor/SEC Compromise

"The contemporary auditing firm has moved from providing a single service at relatively modest cost to becoming a multi-faceted vendor of business advisory services," according to Professor John C. Coffee, Jr. of the Columbia Law School who testified today in the auditor independence hearings before the Securities and Exchange Commission.

Deltek Systems Releases Findings of 18th Annual 1999 Operating Statistics Survey of A/E/C Firms

McLean, Virginia – July 26, 2000 - Deltek Systems, Inc. (NASDAQ: DLTK) (www.deltek.com). Deltek Systems, a leading provider of enterprise software and solutions for professional services firms, today announced the results of its 1999 Operating Statistics (OPSTATS) Survey of firms in the architecture, engineering and construction (A/E/C) industries. The survey results are available now by request and via download from Deltek’s Web site at www.deltek.com.Harper and Shuman, which Deltek acquired in 1998, first conducted the survey in 1981.
Community News

CPA Firms Testify (Briefly) Before SEC

The SEC set aside one hour today for representatives from three of the Big 5 CPA firms to make their claims that proposed auditor independence guidelines would impede progress, prevent firms from attracting professionals with necessary specialized skills, reduce competition among CPA firms, increase costs of services, and in general make life miserable for CPA firms that provide consulting services along with traditional auditing services.Stating that CPA firms already enjoy a high level of independence standards and professional ethics, such standards and ethics being applicable to consult

Maintaining Independence Within the CPA Firm

Today, the SEC is beginning its hearings related to independence within an accounting and consulting firm, and are set to hear testimony from representatives of government and the Big 5.How does a CPA firm maintain independence when delivering both audit and consulting services?

SEC HEARINGS ON AUDITOR INDEPENDENCE

Auditors should audit. It's that simple.July 28 - Speaking Wednesday at the SEC hearings, the chairman of TIAA-CREF related his story of the results of a bad audit. This experience has caused him to adopt an extremely strict rule when it comes to using audit services.
Community News

Showdown with the SEC

Representatives from CPA firms, educational institutions, and accounting regulatory agencies will present testimony today before the Securities & Exchange Commission in an attempt to have their say about the proposed guidelines to limit the auditors’ scope of services.

Litigation Specialist Named to top Spot at CALCPA

The California Society of CPAs has named Donald L. Gursey president of the organization.A Los Angeles CPA with the firm of Gursey, Schneider & Co., LLP, he has conducted audits of companies in the insurance and entertainment industries, and has been appointed by the U.S.

Low Unemployment Isn't Good for Everyone

We usually think of today's four percent U.S. unemployment rate as a good thing, right?Not always. Few realize that four percent equals 5.6 million Americans who are without a job. Critics are sharp to criticize that anyone--these days--can find a job, but in some cases, this may not be true.'Americans, particularly those who graduated a number of years ago, face structural unemployment where the skills possessed do not match the skills needed to fill the positions that are vacant,' says Dr. Steven E.

10 Steps to Implementing a Client Service Strategy, with Stephanie Leon

Session Moderator: Good afternoon everyone! Welcome to our workshop. Today, Stephanie Leon is going to take us through an informative hour.Before I introduce Stephanie, I want to encourage you to join in on the discussion.Stephanie Leon is an East Coast transplant, born and raised in northern New Jersey. After completing her MBA at Seton Hall University, she packed her bags and moved to the West Coast. At this time she thought long and hard about what she really wanted to do with her professional life.

Schedule of Witnesses for Wednesday's SEC Hearings

SEC Announces Schedule of Witnesses for Public Hearing on AuditorIndependenceSchedule of AppearancesPublic Hearing - July 26, 20009:00 am - 5:30 pmAs previously announced, the Commission is holding a public hearing on Wednesday, July 26, in connection with its proposed rule amendments regarding auditor independence. The hearing will take place in the William O. Douglas Room of the Commission's headquarters at 450 Fifth Street, N.W., Washington, D.C. 20549.
Community News

KPMG Slams 'Irrelevant' SEC Auditor Independence Rules

KPMG has attacked the Securities & Exchange Commission's rulings for auditor independence as "irrelevant and based entirely on misperception" on the eve of a public hearing looking into the proposals.The SEC is due to hear evidence from leading figures from the profession, including representatives of KPMG, Arthur Anderesen and Deloitte & Touche, in a marathon event scheduled for this Wednesday in Washington DC.Neil Lerner, head of European Risk Management at KPMG UK, said that the SEC's actions would be disastrous for the major fir
Practice Management

Seminars: Let’s Get the Word Out

Seminars are a great way for accounting firms to introduce a new service, educate on a current service or inform clients on an issue that may be very pertinent to their financial situation. However, often times the message misses its mark due to an unsure approach to the audience and lack of follow-up. The following are a few ways to update your checklist for ensuring greater success with your own seminar.Make sure your audience is appropriate for the topic. Not everyone on your client list is meant for every subject or service your firm hosts seminars on.
Practice Management

Ready, Set, Market!

So you’ve decided it is time to add a marketing director to your staff. Before you bring your new marketing director on board there are a few things to take into consideration. Currently, the shelf life for an accounting firm marketing director is about 13 months. The following might help you keep your marketing director beyond the current attrition rate.Make sure that the consensus among your partner group is one of a positive nature when it comes to bringing this individual into your firm. While not everyone will agree, it’s important that the majority do.

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