News

SEC Files Suit Against Fraud Perpetrator

This week, the Securities and Exchange Commission filed a civil lawsuit in a Chicago Federal court against a man who calls himself "Tokyo Joe." The SEC claims the New York resident illegally advised investors to buy stocks that he, himself, was selling at the same time.His real name is Yun Soo Oh Park, and he charged members of an investment club $200 for stock tips and advice.
Community News

EY Earns Oracle Top Business Partner Award

Oracle has announced that it has bestowed its top business alliance partner award on Big 5 firm Ernst & Young.The honor was given to EY executives during Oracle's Open World conference in Los Angeles. EY received the award based on the firm's innovative way it has integrated the software into its consulting services.This award is the latest in a series of honors for EY. Last year, the GartnerGroup honored the firm as "best in class" for its Oracle applications. Oracle previously honored EY with a similar award in 1995.
Community News

Dallas KPMG Chief Receives Top Honor

C.H. Moore, head of the Dallas office of KPMG will receive the Anti-Defamation League's Henry Cohn award at a dinner on Thursday, Jan. 13 in Dallas.The award marks the 23rd year it has been given to local community leaders. Moore is honored for his "distinguished service and leadership in preserving liberty, counteracting bigotry and advancing the cause of human rights, dignity and equal opportunity."The Anti-Defamation League is a worldwide organization dedicated to raising awareness in human and civil rights' issues.

H&R Block Introduces Form-Free Tax Prep

Imagine. You walk in and sit down in front of a computer as it asks you simple questions about your tax return. A short time later, your federal or state return is ready to be filed electronically. You pay the vendor $9.95 for a federal return or $4.95 for a state return and you leave. Could it really be that simple?H&R Block seems to think so. What was just described is their new Tax Online Program. The program will be available January 15, 2000.

AccountingWEB Weekly News Wrap-up - Issue 24

The AccountingWEB Friday Wrap-Up Newswire - Issue 24January 7, 2000http://www.accountingweb.comIn the headlines this week:1. SEC Slams PwC For Auditor-Independence Rule Violations2. Worldwide Women's Business Conference To Draw 100,0003. E-Commerce Profit Centers Identified By Clients As The Biggest Growth Area For CPA Firms In The Next Five Years4. Can Auditors Be Barred For Failing To Detect Fraud?5.
Community News

Free Refund Anticipation Loans Being Tested in California

H&R Block has announced that it is testing a new service in California, offering refund anticipation loans to clients at no charge.The prospect of clients getting cash in anticipation of their refunds has been popular for a few years now. H&R Block, along with many other tax return preparation outfits has been offering this service with a charge typically of about $20 or a percentage of the loan.
Community News

Can Auditors Be Barred From Service For Missing Fraud?

In a landmark case that it sure to send shockwaves throughout the accounting profession, the SEC is seeking to bar two accountants from a Big 5 firm from signing off on public company audits because they failed to detect a massive fraud at California Micro Devices five years ago.The CPAs gave Cal Micro a clean bill of health, but an internal investigation weeks later uncovered an enormous employee fraud resulting in over one third of the company's revenue being erroneous.
Community News

SEC Slams PwC on Auditor Independence Violations

In its continued crackdown of the auditing profession, the Securities and Exchange Commission today announced the results of an independent review, citing the partners at PricewaterhouseCoopers with over 8,000 violations of the auditor-independence rules.The majority of the violations occurred in cases where partners or their family members owned stock or mutual funds from companies that PwC was auditing, and a percentage of the problem stemmed from the recent merge
Technology

Tips for E-mail When Traveling Abroad

All of us who travel and check e-mail on a regular basis have encountered poor connections--or perhaps no connection at all--in remote locations. This can put the kabosh on even the most experience traveler!Traveling overseas may be even more tenuous.

Security Hinders NY Online Tax Program

As a service to taxpayers and accountants, the New York State Department of Taxation and Finance has provided the ability to visit the agency's Web site and obtain the state's list of estimated tax payments to enable individuals to compare their own payments to the state's.However, the system is not without fault, and the main problems seem to fall into the security arena.Up to now, access has been given based on social security numbers and the taxpayer's name.

Is Free DSL Too Good to be True?

There are lots of free Internet companies out there to choose from, so it’s not surprising that free DSL wouldn’t be too far behind. Broadband Digital Group (BDG) has just announced that they want to be the first company to offer the first free, broadband consumer Internet-access service.The company is offering the chance for potential customers to register for free DSL services.

Apply Your Y2K Investment for the Long Haul

OK - we're all tired of hearing about Y2K, but the investment you made and the preparation you endured along the way should not go to waste. There are many ways companies can learn from their extensive preparation to help them with future projects--and save money along the way.KPMG has compiled a short list of benefits for the short- and long-term. For example, if you are a company that hired Y2K specialists, these people already are trained on your systems and know quite a bit about your operation.

Six Travel Resolutions for the New Year

All of us travel at one time or another for business or pleasure. Thankfully, the cost of traveling on a plane has dropped considerably, and in some markets, Saturday night stayovers do not necessarily bring down the cost of ticket. As a result, we're traveling more frequently than before.In the event your trip goes awry, as in overcrowded planes, overbookings, lost luggage and the like, what do you normally do? Get mad - or get even?Start the year out right by considering these six travel resolutions.
Technology

Donating old PCs Leads to Privacy Woes

It's the beginning of the new year and companies traditionally update their systems with new servers and PCs to outfit their offices. While it may seem warm and fuzzy to give the PCs to a charity, be forewarned: you may be giving away personal information embedded within the PCs unless you take the proper precautions.While companies think they are fulfilling this task by simply deleting or getting rid of files, this isn't nearly enough. Just deleting files "hides" the information rather than getting rid of it completely.

Look for the Positive When Recruiting

When you are recruiting a new hire, are you looking strictly at the grades? A new survey indicates that other factors are just as important as accounting aptitude for an accountant’s success. Thirty-eight percent of the 1,400 chief financial officers surveyed said that a positive attitude is the most important interpersonal skill an accounting candidate can possess. Thirty percent said being a team player is most important.The ability of accountants to display enthusiasm and inspire coworkers to do their best is critical because employee retention is important in a tight labor market.
A&A

Who Wouldn't Want to Retire Early?

In the wake of new Social Security Administration figures that tell us there will be an increasingly smaller percentage each year for government checks once we reach retirement, everyone still has early retirement on the brain.A poll conducted by the International Longevity Center and Harris reported that 25 percent of workers, ages 25 to 29 expect to retire before 55; however, history has shown that once this group reaches their 40s, reality hits, and less than 10 percent think 55 still is realistic.So how do you retire early?
Community News

EY Sponsors E-business Workshop for Women

Ernst & Young has announced it will sponsor an April 5 gathering of women business leaders in New York, and will hold a special April 4 e-business workshop in conjunction with the conference.The meeting covers professional and lifestyle issues, and is organized by Women.future. It will be beamed via satellite to more than 200 locations across the world. An expected 100,000 women and men are expected to attend.Among other activities, the e-business workshop will enable attendees to divide into groups to explore issues related to dot.com economies.

Selecting the Right Chair for Your Office

All of us spend a tremendous amount of our day sitting, and having an ergonomically correct chair is paramount to good posture, your back and attitude. Some even say the chair is more important than your computer or other office equipment purchases.Those in home offices--or offices at a business location--should know that a good chair isn't cheap.

Seminar Helps HR Professionals Face Change

A free seminar that looks at new ways for forward-thinking businesses to understand, embrace and seek change in human resources will be held on Thursday, January 20, 2000 from 1:00 – 2:00 p.m. EST. The seminar, Moving@the Speed of Change: Is HR Ready for the Ride?, is offered by Infinium, a leading provider of enterprise software solutions that enable the virtual enterprise.Dr. James A. Crupi, president and founder of Strategic Leadership Solutions, will address the many changes taking place in the field of human resources.

Outlook 2000 SuperGuide

For many of you, Microsoft Outlook is your choice for your Personal Information Manager (PIM).

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