News

HR Consultancy Goes Online With Investment Services

The ability to surf the Internet and handle day-in, day-out tasks associated with the human resources function is getting hotter and hotter. Now, Hewitt Associates has tapped into the power of the Web to provide defined contribution services for more than 4.3 million employees and clients by partnering with Business Logic.Business Logic created 'AccountLink,' a system that enables anyone with investments administered by Hewitt to obtain investment balances on a 24/7 basis.
Community News

PWC Finds Banks Non-Compliant With Privacy Act

A report from PricewaterhouseCoopers reveals that two-thirds of U.S. banks are non-compliant with disclosure standards for online privacy as outlined in the Gramm-Leach-Bliley Act.According to the Act, which becomes effective July 1, 2001, a bank must declare that any business a customer conducts on the Internet is secure. Even though the implementation date is in the middle of next year, banks only have until Nov.
Practice Management

US Firms Reveal Best Practices for Audit Efficiency

The AICPA's Journal of Accountancy has a feature in its September issue in which firms cited for their excellent quality controls share practice tips on how to improve audits while saving time and enhancing profits. There is probably something for most practicing accountants here, and many well-organized firms will find much familiar ground.The first step towards audit efficiency is to manage and train clients. Auditors work best when clients provide them with the data they need.
Technology

Dotcom Disasters Keep Insolvency Practitioners Busy

Loss of investor confidence in dotcom companies has created a mini-boom for insolvency practitioners, according to British financial recovery and restructuring specialists, Kroll Buchler Phillips.The firm, known for its high-profile work with ailing British football clubs, has been at the forefront of the Internet insolvency boom."We've moved on from football," said Kroll Buchler Phillips business recovery partner Lee Manning.

High-Profile GM CFO Retires

As of Sept 1, General Motors CFO J. Michael Losh, age 54, will retire.The retirement marks the first time a change in an executive position has occurred since G. Richard Wagoner took the role of chief executive in June.Analysts speculated that Losh had been 'on his way out' for months. While a successor is being sought, executive vice president and the head of GM Acceptance Corporation, John Finnegan, will assume the CFO duties.
Community News

What's in a Name? Andersen Consulting, of Course!

Although the news about the final separation between Arthur Andersen, LLP and Andersen Consulting has cooled a bit, speculation as to the 'name game' has just begun.A report from The Times in the United Kingdom suggests that Arthur Andersen may name its consulting arm 'Andersen Consulting.' You heard right: the namesake of its divorced spouse.The current Andersen Consulting has until January 1, 2001 to change its name, and until then, it's anyone's guess as to what the new consulting firm will be called.
Tax

Tractor Pulls Estate Tax Bill to Clinton's Door

The estate tax repeal bill was delivered to President Clinton Thursday for what is expected to be a certain veto. Congressional leaders have promised to attempt a veto override on this extremely popular bill.The bill would entirely repeal the federal estate tax over a 10-year period. Opponents of the bill claim it favors the wealth, while supporters claim it will save untold numbers of family businesses, particularly farms, which often end up being sold to pay exorbitant estate taxes.Clinton has until Labor Day to make a decision about the fate of the bill.
Tax

German Government to Tax Internet Surfing

Germany's Finance Ministry appears to have been watching too many episodes of John Cleese's Fawlty Towers after it came up with a novel method of raising more taxes, according to UK.internet.com.Employees surfing at work for private recreation will be taxed on their endeavors as a perk of the job, in the same way that they would be taxed for the private use of a company car or indeed any other benefit.German employers have hit back at the unworkable proposal saying it is insane and impractical.

Improve Business Skills by Being an Active Listener

Thursday’s workshop at AccountingWEB featured Michelle Golden of Golden Marketing Resources who shared ideas about active listening. "Active listening and reflective listening are the most effective techniques to use. Active listening is when you have a genuine interest in what the speaker has to say. Reflective listening takes active listening a step further. It mirrors what the speaker is saying, allowing him or her to gain a fresh perspective on what s/he has just communicated."

Active Listening: The First Step in Excellence, with Michelle Golden

Presented by: Michelle Goldenof Golden Marketing ResourcesSession Moderator: Michelle Golden founded Golden Marketing Resources to implement business development and management solutions within small to mid-sized professional service firms.

AccountingWEB Weekly News Wrap-up - Issue 57

The AccountingWEB Friday Wrap-Up Newswire - Issue 57August 25, 2000Members Logon to http://www.accountingweb.com for full access to all our resources.Don't know your Logon Membership Details?Go to
Technology

Dotcom Accounting: SEC is a Part of Your Life

The media and online news sources have been full of stories about the SEC’s hearings on independence issues, yet one sector that is fully aware of the Commission’s monumental presence—apart from the independence issue—is the dotcom accountant.Why? The world of the dotcom is about spending money to make money, and the way income or losses are reported is paramount to regulators.
Technology

Make Meta Tags Work for Your Web Site

You may be asking what is a META tag, why do I need to know this and if I do how do I use it? Fortunately, this is an easy thing to work with. META Keyword tags are used by many of the major search engines to determine the content of your site for appropriate indexing. META tags are similar to HTML tags except for one thing: You need to insert all META tags between the < head >< /head > tags on your page(s). These will be invisible to your site visitors but visible to browsers and search engines. And what's HTML?

Cell Phones: Friend or Foe?

So what’s all this about radiation found in cell phones? The following is a list of the ten lowest-radiation cell phones. It was compiled by the people at DoMode.com; a site featuring cell phone radiation levels. If you don’t find your phone on the following list and you still want to find out its radiation level you need to go to the FCC’s site. Only information about models made after 1997 is available here.
Technology

E-mail Anytime, Anywhere?

Sprint announced it is scheduled to launch a new service next month and it may be just what business people who aren’t chained to their desk have been waiting for. Right now most mobile workers have to find a regular phone line to plug into for the remote access needed to check e-mail or access personal files found in their company’s internal network.
Technology

Pikachu Virus Begins to Grow

Nicknamed the 'Pokey' virus, Trend Micro has confirmed that the virus named after the popular Pokemon character is spreading slowly in the United States.The virus has the ability to do similar damage as last spring's Love Bug ILOVEYOU virus.When a user opens an email attachment, an email is sent to everyone in the user's contact address book. When users open an attachment, an image of a pensive Pikachu appears on the screen with the nonsense message: 'Between millions of people around the world I found you.

Your Input Needed for 2001 FASB Agenda

The Financial Accounting Standards Board (FASB) has asked for feedback on its 2001 technical agenda.Specifically, FASB wants to know what professionals believe to be the priorities of projects currently on the FASB's technical agenda, future agenda projects, international activities, and communications with constituents.You may participate by following the instructions at the link below and downloading an executable file to your hard drive.Deadline for sending feedback is Sept
Tax

National Taxpayer Advocate Leaves IRS

The National Taxpayer Advocate, W. Val Oveson, says he will leave the Internal Revenue Service this fall and return to Utah and the private sector.Oveson was instrumental in implementing many taxpayer advocate programs during his two years with the IRS, most notably the appointment of similar positions in each state that reported to him rather than district directors.

EY Partner Addresses Health Care Reform

Dee Balle, Jr., Ernst & Young partner in the health care arena, spoke on RadioWallStreet on the issue of how the November election will affect sectors of the health care industry.In a recent voter survey by The Washington Post, 44% of respondents ranked health care as a concern above education, crime, and economy, and 53% indicated they are dissatisfied with the current U.S. health care system.
Community News

KPMG Consulting to Sell South African Practice

In preparation for the initial public offering next month of KPMG's consultancy business, the firm has announced plans to sell its South African consulting practice for a yet to be disclosed price.The move is seen as one piece in the entire process of breaking the consultancy practice away from the international firm's auditing services so as to be in compliance with expected SEC rulings on auditor independence.The first wave of the IPO is set for September, and a second wave will f

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