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No, that's not correct.The final rules directly affect the Big 5 Firms only. For the full story, see SEC Issues Final Rules on Auditor Independence.Continue to Question 2.

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That's correct!For additional details on this big story, don’t miss SEC Issues Final Rules on Auditor Independence.Proceed to Question 2.

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Question 2: First Research Corp. publishes industry profiles to help you with everything from business valuations to audits to sales and marketing call preparation. How many industries are currently profiled by First Research and available through AccountingWEB?5103080

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No, that's not correct. For information on how many industries are profiled by First Research and are available through AccountingWEB, follow this link. Proceed to Question 3.

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Yes, that's correct!Currently, 80 industry profiles are available on a pay-per-view basis at http://www.accountingweb.com/firstres. Be sure to take a look at a sample profile and consider taking advantage of the current 20% discount on full subscriptions to the service.Proceed to Question 3.

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Question 3: Recently the IRS announced new mileage rates for 2001. What will the rate be for business mileage, effective 1/1/01?31.5 ¢ per mile32.5 ¢ per mile33.5 ¢ per mile34.5 ¢ per mile

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No, that's not correct. The new mileage rate for business mileage, effective 1/1/01, is 34.5¢ per mile. You can read about all the new mileage rates.Proceed to Question 4.

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That's correct! The new mileage rate for business mileage is 34.5 ¢ per mile, effective January 1, 2001. There are other changes to mileage rates that are also effective in January.Proceed to Question 4.

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Question 4: Members of the AICPA have been meeting with professional accounting organizations from around the world to discuss a new, global designation for financial professionals. What is this designation called?1. Cogitator2. Cognomen3. Cognitor4. Stegosaurus

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No, that's not correct. Members of the AICPA have been discussing the possibility of calling the new designation, Cognitor. You can read all about cognitors and learn how this new designation may affect you.Proceed to Question 5.

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That's correct! Members of the AICPA have been discussing the possibility of calling the new designation, Cognitor. You can read all about cognitors and learn how this new designation may affect you.Proceed to Question 5.

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Question 5: What is one of the 8 steps for successfully implementing change within your company?1. Communicate your vision of the change with others in the firm. 2. Act now, ask later.3. Experiment with client companies before trying change in your own environment.4.

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No, that's not correct. The 8 Steps to Implementing Change, which were presented to AccountingWEB members in a live workshop with consultants from Results Accountants' Systems, include communicating your vision of the change with others in the firm.Proceed to Question 6.

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That's correct! One of The 8 Steps to Implementing Change includes communicating your vision of the change with others in the firm. You can read the entire transcript of the live workshop on change that was presented by Results Accountants' Systems.Proceed to Question 6.

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Question 6: Which Big 5 firm recently merged its consultancy practice with the Paris-based technology company, Cap Gemini?1. Arthur Andersen2. Deloitte & Touche3. Ernst & Young4. KPMG5. PricewaterhouseCoopers

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No, that's not correct. Ernst & Young recently merged its consultancy practice with the Paris-based technology company, Cap Gemini. You can read all about the merger.Proceed to Question 7.

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Yes, that's correct! Ernst & Young recently merged its consultancy practice with the Paris-based technology company, Cap Gemini. You can read all about the merger.Proceed to Question 7.

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Question 7: The Brainwave database contains what type of information about businesses:1. Credit Reports 2. Market Intelligence Reports 3. Dun & Bradstreet Company Profiles 4. Population Demographics 5. Trademark Searches

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Yes, that's correct! In fact, there are no wrong answers to Question 7. The Brainwave database, available at AccountingWEB, contains all of this business information:Credit Reports Market Intelligence Reports Dun & Bradstreet Company Profiles Population Demographics Trademark SearchesCongratulations!You have completed the AccountingWEB Holiday Quiz!

AccountingWEB Holiday Quiz

Test your knowledge of events around the profession, and become eligible to win a $500 on-line shopping spree from The Sharper Image!There are only seven questions in this test - it won't take very long to complete!Rules: Simply follow the link below to begin the test. At the end you'll be asked to submit your name to enter the drawing. The drawing will be held on Thursday December 21, 2000, and the winner will be announced in the holiday edition of our weekly newswire, Friday, December 22. Please, only one entry per person.Ready?

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