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Community News

Formation of KPMG Consulting Positions Firm To Go Public

In a move generally interpreted as a first step towards taking its company public, KPMG announced on Monday the formation of KPMG Consulting, a separate corporate entity, which will handle the business consulting side of the business.KPMG Consulting will be 80.1 percent owned by KPMG and its partners, and 19.9% owned by Cisco Systems, who last August announced an investm
Tax

Tax News Covers Charitable Deductions

The latest tax news from MSNBC covers a variety of topics including news that taxpayers who do not itemize may be able to deduct charitable contributions.Approximately 70 percent of taxpayers do not itemize and do not write off any deductions currently. A legislative plan backed by President Clinton would allow deductions, and since this is an election year, it may be interesting to note that George W.
Community News

EY Cuts 5% of Accounting Jobs

There are more shake-ups to report among the Big 5 firms as each of the firms struggles to get a foothold in the e-commerce business.Ernst & Young has layed off 400 people who held traditional accounting jobs because of a shift in mindset at the firm from the tried and true accounting business to E-commerce, E-business and the like.
Technology

Six Hot Intranet Tips

Intranets are hot. Companies are realizing that they are great for posting phone lists, sharing files, and getting employees connected. If you want to go live on the Web, which is hassle-free, try Intranets.com or HotOffice.Now, let’s get onto tips that will help you get a handle on simple Web-based intranets! Remember big bandwidth. With externally-hosted intranets, your biggest problem is going to be sluggish speed of the Internet over traditional analog modem dial-up accounts.
Community News

New Chair Named to BDO Seidman

Second-tier accounting firm BDO Seidman has named Denis Field CEO and chairman of the board. Replacing Richard Roedel, Field has serves as the leader for the firm's national tax practice for the last four years.Field also is the youngest partner ever to be elected to head the firm. At 41 years old, has has worked since 1983 for the firm in a variety of positions.
Community News

PWC Denies IBM Partnership Rumor

A rumor has surfaced that IBM will buy or form an alliance with the consulting arm of Big 5 giant PricewaterhouseCoopers, but according to PWC officials, the rumor is false.The rumor began late last week when the New York Post reported that PWC was thinking about separating the accounting and consulting functions--and even considering possibly selling the consulting division.An internal restructuring task force is, however, studying how to align the company for the future, especially in light of the bad press the

TexSYS RD Acquires Boston-based Klear Solutions, Inc.

DALLAS, January 31st, 2000 –TexSYS RD, one of the nation’s leading software integration companies, has acquired Boston-based Klear Solutions, Inc. Terms of the acquisition were not disclosed. TexSYS RD Corporation’s acquisition of Klear Solutions is the latest move in its strategy to geographically expand its presence in the middle market solutions space.Klear Solutions is New England’s largest distributor of the Sage Product Line. Founded in 1988, Klear Solutions supports Sage Acuity, MAS 90, SalesLogix and Goldmine software products.

American Express CEO Says FASB Is Wrong

Harvey Golub, chairman and chief executive of American Express, opposes plans to end poolings-of-interests in mergers. If the top U.S. accounting bodies have their way, however, the proposed ban will become effective within a year.
Community News

AICPA Requires Mandatory Quality Control Systems

Today, the American Institute of Certified Public Accountants (AICPA) announced that it is establishing requirements for mandatory quality control systems for the five largest auditing firms to enhance compliance with existing independence rules.
Practice Management

Focus Your Firm With Client Advisory Boards

Ryan Travis, a a professional development consultant with Results Accountants Systems, led an online workshop today focusing on the benefits of a client advisory board in helping to steer your organization to success.A Client Advisory Board, or CAB, is a focus group of sorts, made up of 6-12 of your "A" list clients, whom you invite for 2-3 hours to a session, facilitated by someone outside your firm, in which they are asked to comment
A&A

FEI Finds Audit Should Focus on Business Risks

A new survey by the Financial Executives Institute (FEI) calls for audit committees of company boards to focus on key business risks by challenging management's assumptions even more than they do today, and ensuring the tough questions are asked -- and answered.On a scale of 1-5, with five being "very effective", survey respondents reported the effectiveness of audit committees at a somewhat unfavorable 2.1 rating.

Syspro Makes the Grade

Syspro Software has announced that The Accounting Library has certified the company's IMPACT Encore, v. 4.0/5.0. In plain speak, this means that the acocunting package has received the nod from an organization that measures software programs for the accounting profession against a standard set of deliverables.Syspro is based in Irvine, CA, and has has software in modular formats or full-package programs.

Utilizing Client Advisory Boards - with Ryan Travis

Ryan TravisResults Accountants Systems1-800-800-5601In addition to these transcripts, be sure to see the supplementary materials and frequently asked questions about CAB's contributed by Results Accountants Systems.Scott Cytron: Hello, my name is Scott Cytron and I will be your workshop facilitator today.The AW Workshop Ser
Community News

Andersen's VC Effort Fleshes Itself Out

Last week, AccountingWeb reported a story about how Arthur Andersen is repositioning its practice and conducting business through a new venture capital practice for Internet start-ups. Now that the dust has settled on the announcement, the firm has made public additional details regarding the VC component.Because everyone--these days--also is in the funding of Internet start-ups, experts are beginning to doubt the sincerity of Andersen's foray into the business.

Beginner's Guide To AccountingWEB

Where will AccountingWEB take you today? We're adding features all the time, and knowing where to go and what to do might seem intimidating at times. That's why we've added a Beginner's Guide to AccountingWEB, so you can explore for yourself what you can do in AccountingWEB today.

CCH Offers Tax Return Processing For Just $7.50

News Release©1999, CCH INCORPORATED. All Rights Reserved. Contact: Mary Dale Walters — 847-267-2038, mediahelp@cch.com Mary Jung — 773-429-0940, mtjung@msn.com

Survey Shows Workers Want To Change Jobs

A national Job Satisfaction survey conducted by SurveySite for CareerPath.com indicates that 44 percent of Americans want new jobs. Four in 10 people want to change jobs in the next year – half of them want to make the switch within six months.With record high employment figures, people are taking advantage of a strong economy and the high demand for quality candidates.

Deltek Introduces MyProjectWorkplace.com™-- Offering B2B e-Commerce for Customer & Project Communication

McLEAN, VA, January 31, 2000 -- Deltek® Systems, Inc. (DLTK) Deltek Systems today introduced MyProjectWorkplace.com™, an Internet-based solution designed to help project businesses strengthen their customer relationships through better project communication and teamwork. MyProjectWorkplace.com (MyPWP.com) is the first component of Deltek's strategic e-business initiative that will translate "project e-business" into "project business success." Ken deLaski, Deltek's President and CEO, states that "Today's e-commerce activities focus primarily on selling products over the Web.
Tax

Measure Your Own Tax Advice Against These Tips

At this time of year, the Internet, newspapers and magazines are filled with sage advice on how to help reduce a tax liability.As a tax practitioner or accountant, see if you agree or disagree with the following recommendations provide by H&R Block: minimize personal income by converting income into non-taxable income, such as investing in tax-free instead of taxed investments; convert personal spending to qualified deductions, like the new home office rules that affect working at home on a part-time basis; take advantage of the various tax credits, including the ch
Technology

Treadway Commission Committee Unveils Web site

The Committee of Sponsoring Organizations (COSO) of the Treadway Commission has just opened its new Web site at www.coso.org.The site is designed to assist internal auditors by running articles and information on topics of interest, including the new report, Internal Control - Integrated Framework.COSO is a 15-year-old organization dedicated to improving the quality of internal controls and related systems by the National Commission on Fraudulent Financial Reporting, otherwise known as the Treadway Commission.

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