News

Largest Accounting Fraud EVER Lasted 17 Years!

This is one for Ripley's Believe it or Not!In 1983, Cosmo Corigliano joined a company called CUC International. He was 23 years old, and was previously employed at Ernst & Whinney (predecessor to Ernst & Young). He eventually became the company's CFO.
Technology

How to Prevent Credit Card Fraud on the Internet

Ask any group of CPAs and accounting professionals what they think about buying something over the Internet. More often than not, you'll hear a lot of warnings regarding the security of their credit cards.Online sales have been going on for years, now, and the community still seems to be skeptical.

AccountingWEB Weekly News Wrap-up - Issue 47

The AccountingWEB Friday Wrap-Up Newswire - Issue 47 June 16, 2000 Logon to http://www.accountingweb.com for more resources. Don't know your membership logon details?

Caliber Learning Network Offers Free CPE

Caliber Learning Network, Inc., a company focused on broadband Internet-based business communications and corporate training solutions, has joined the CPE price war in a big way by offering courses in auditor independence at no charge. An on-line course, eGuide to Independence Regulations, will help practitioners understand and apply guidance on independence, integrity and objectivity in the audit, examination, review and agreed-upon procedure engagements of firms of all sizes.

Socially Responsible Jobs are the Soup <i>Du Jour</i> for Today's Grad

It's no secret that today's graduate is opting for something less than traditional and more rewarding--and this includes the accounting marketplace. 'More rewarding,' in this sense, can be a career in the nonprofit sector.
Community News

Former PwC Clients Will Debate, Share Stories at new Portal

Facilitating employee feedback, idea sharing and lots of personal services is very hot these days, as more and more employers look for ways to retain and attract good staff in a market teeming with low unemployment.PricewaterhouseCoopers is spinning off its HR consulting practice to Unifi Network LLP, but the bigger news is that Unifi will create portals for current and prospective clients who want to help their employees air their grievances, share stories and provide a company culture.The portal is expected to go
Community News

Bueno! KPMG Begins International Tax Centers

KPMG is embarking on a new effort to serve clients on a global basis by implementing new U.S.-based tax centers.Called 'International Tax Centers of Excellence,' efforts are already underway to serve clients in Latin America, Belgium, Luxembourg, Germany, and Spain, and plans are in teh works to include the United Kingdom, the Netherlands, and France.Speaking the language and understanding cultural issues are key in this new venture. As an example, the Americas Center will serve as a tax resource to clients who are doing business in Latin America.
Tax

End of Estate Tax = Boon for Financial Planners

The vote by the House of Representatives to repeal the estate tax made the headlines when nay-sayers spoke publicly that this was only good for the rich. It also is good for the financial planner who serves the very rich.Because it looks as if the estate tax will be banned over a 10-year period, those in high incomes or with large inheritances will have to make some very heady decisions as to what to do to lower their tax liability.

Sage Develops Government Management System

Sage Software, Inc. and iDC (Information Development Consultants) have joint-ventured to develop a new management system designed to target the government sector.The system is called 'PlusFund,' and uses the Sage Enterprise Suite to handle any financial-related aspects of government accounting and reporting standards, including GASB 34.The Sage Enterprise Suite encompasses both the Acuity and Best! Imperativ product lines, and incorporates full fund and encumbrance accounting, along with budgetary controls.

38% of Job Applicants Lack Basic Skills

The American Management Association reported recently that over 38% of job applicants lacked basic skills for the jobs for which they applied.

TaxMama Explains Benefits of Enrolled Agent Status

Eva Rosenberg, also known as The TaxMama, joined the AccountingWEB community today in a workshop in which she explained the ins and outs of the Enrolled Agent status. This professional status is bestowed by the U.S. Department of Treasury to tax experts who pass a rigorous two-day exam, covering Individuals, Sole Proprietorships and Partnerships, Corporations, Fiduciaries, Estate and Gift Tax and Trust, Ethics, Record keeping, Procedures, Appeal Procedures, and Exempt Organizations.

A Career Alternative: The Enrolled Agent

Session Moderator: I'm excited about our workshop leader, Eva Rosenberg, a.k.a. Tax Mama. She has a very informative workshop planned for you and has served it up in her unique style that has resulted in a worldwide following.Eva has decades of tax and business experience, across a surprising spectrum of industries. Combining formal training at national CPA firms and years in the trenches with her warm, homey style, she does her best to protect her brood from the ravages of the U.S.

Get Cheap Rates at Not-So-Cheap Hotels

Boy, did I learn my lesson about hotel reservations recently. I diligently called hotel after hotel searching for a "great" (after awhile even "fair" was starting to look appealing) rate. What did I find?Well, for starters, the Internet served up the lowest rate time and time again. When I mentioned the online rate to reservationists at the actual hotel, they didn't know anything about the special and said I would have to book online to get this rate. So I did. Then I did some checking.This is what I found:- When you make a reservation, avoid calling the 800 lines for large chains.
Technology

Trojan Horse Virus: A Hoax or the Real Thing?

The latest discovery on the virus front is a type of virus that results when you view a video clip or download a seemingly innocuous executable file from the Internet. Contained in the execution of the action is a program that launches itself on your computer.While you are still online, the program transmits your Internet address to another location where it can be recalled at any time to carry out specific orders, such as sending out data to other addresses.

CPE Price War Erupts!

Increased competition has forced Practitioners Publishing Company to come close to the pricing structure offered by the AICPA.AICPA will price its online CPE at an annual fee of $95 for what it calls 'all-you-can-eat' online CPE, while the PPC fee will be $99 for any and all courses CPAs and others want to take to satisfy their educational requirements. The PPC courses are called 'one-stop-shop.'Note that this is for 'online' CPE only. PPC courses already are online at the www.ppcuniversity.com site.
Tax

New IRS Division Supports Retail, Food & Pharmacy Biz

One of the effects of the modernized IRS is the necessity to service businesses faster and resolve issues before they become too difficult to handle.A new section of the Large and Mid-Size Business Division (LMSB) will focus on just that for the food, retail and pharmaceutical industries.
Tax

Where Do Your Tax Dollars Go?

The IRS has added a new page to its web site.

ePartners Acquires A Leading Pivotal Solutions Provider

Austin Data Systems – one of the largest providers of Pivotal solutions in the southern region of the United States Dallas, TX (June 12, 2000) – ePartners™, Inc., the leading eBusiness solutions provider for emerging middle market companies, today announced the expansion of its National Customer Relationship Management (CRM) Practice with the purchase of Austin Data Systems (ADS), one of the largest providers of Pivotal solutions in the southern region of the United States.
Technology

How to Increase the Speed of Your Internet Connection

If you work in a large firm or company, Internet speed really has been a 'non'-issue for the last few years. T-1 and ISDN lines have existed for some time, and now newer connections through DSL and cable modems also have become more readily available.But what if you're a small business, a practitioner working in a small- or even medium-size firm, or in some other capacity?

Accounting Interns' Prospects are Sunny

A low unemployment rate and fewer students have enabled students nationwide to find themselves in a very good position as they seek and secure summer internships.Just look at what one student who has agreed to work for Ernst & Young in Milwaukee will receive.

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