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MARCH 11, 2008
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Keeping a lid on compliance costs The positive aspects of the raft of new accounting and financial reporting regulations are numerous. In a recent Deloitte survey, companies report they have a far better understanding of their chief risks and associated control mechanisms than just a few years ago. In addition, companies say internal controls are now far stronger, with the likelihood of material misstatements moving forward greatly reduced. 
IRS investigates Obama's church The Internal Revenue Service has begun an investigation into the tax-exempt status of the United Church of Christ, the church that Senator Barack Obama (D-IL) attends, over a speech Obama delivered at the UCC's 2007 General Synod in Hartford, CN last June. 
Health care costs daunting for new retirees With the oldest baby boomers turning 62 - that magic age when they can start collecting Social Security checks - the call to retire grows stronger. A new study suggests they might want to ignore that voice in their heads.  Firm/State NewsASPPA opposes Connecticut 401(k) legislationThe American Society of Pension Professionals & Actuaries opposes legislation in Connecticut that would create a state 401(k) plan for small businesses. Michael E. Callahan, a past ASPPA president and founder of Pentec, one of the largest pension firms in the state, said legislators should not kill a robust 401(k) system in Connecticut by creating an expensive state bureaucracy. Tech NewsWere accountants responsible for the dotcom bubble and burst?A discussion has surfaced on our UK sister site, AccountingWEB.co.uk, regarding to what extent did involvement, or lack thereof, by members of the financial profession, contribute to the dotcom boom and bust. Firm/StateKernutt Stokes Brandt & Co. LLP introduces Catalyst Technology GroupThe Eugene, OR-based public accounting firm of Kernutt Stokes Brandt & Co. LLP (KSBC) recently announced the launch of its new Network Services division, Catalyst Technology Group (Catalyst). Latest NewsBlogs!What have you got to say today?Allan Boress, CPA: Truth Be Told About Business Development Blog What does it take for the client to perceive quality client service? Look to your own lives and pay attention to how people take care of you as the customer or buyer.... Michelle Golden: Golden Practices It happened again. I was visiting a new client (a CPA firm). No one knew me yet. The receptionist was fine. Greeted me as one would expect. I was a little early so I expected to wait. She asked if I needed anything and made sure I was comfortable. Then she continued her work.... Editor's Note
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