Weekly Business Bite
Featured News
I'm an auditor, darn it, not an investigator!
Recent professional guidance, such as SAS 99, Consideration of
Fraud in a Financial Statement Audit, and Public Company
Accounting Oversight Board Auditing Standard 2, has brought
more attention to the auditor's responsibility to uncover the
warning signs of fraud, but there is still some ambiguity about
where the auditor's responsibility ends and the fraud
examiner's begins.
SEC charges 69 auditing firms and partners with SOX violation
The Securities and Exchange Commission has issued 69 charges
against various accounting firms and partners for violation of
provision of the Sarbanes-Oxley Act that requires registration
with the Public Company Accounting Oversight Board.
Beta Alpha Psi announces Medal of Inspiration program
Beta Alpha Psi, the honorary fraternity for Financial Information students and professionals, has announced a new program for the 2007-2008 year, the Medal of Inspiration. The theme of the program is "Good to Great: From Student to Professional." Three $5,000 cash scholarships will be awarded.
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In-Depth News
To retain or detain: The case for staff developmentA good accountant these days is hard to find. So what can you do to stop them from leaving your practice? Well, put those bonuses back in your bank balance as it appears that expertise and experience is what they really want.
Student News
BusinessWeek ranks accounting as best place to launch a careerIt's no secret to those of us already in the profession
that
pursuing a career in accounting is a smart move in today's
financial environment. Now the word is out, and accounting
firms dominate BusinessWeek's second annual ranking of the best
companies for new college graduates.
Latest News
Businesses applaud elimination of cross-border withholding tax Social Security reform takes one step forward IRS and HUD announce Webcast about a variety of tax incentives
Tech News
Here comes QuickBooks 2008Intuit Inc. has released its new line of QuickBooks 2008 products and services. According to Intuit, the 2008 version of the nation's best-selling small business financial software focuses on ease-of-use improvements for important day-to-day tasks, as well as connecting in new ways with new applications. Other new features extend the power of QuickBooks beyond accounting by integrating with new online services and industry- leading applications.
Editor's Note
BusinessWeek has come out with its second annual survey of the
best places to start a career, and, ta-da!, accounting has
landed on top. "This year accountants became sexy," say the
folks at BusinessWeek. We've certainly come a distance from the
old images of men in white shirts with their sleeves rolled up,
wearing green visors to keep off the glare from the light bulb
hanging overhead while they pound on the keys of an adding
machine and pore over ledgers into the night. Accounting has
come of age and is THE place to be in the new millennium.
Before the celebration begins, a moment of silence, please, for
the memory of Arthur Andersen.
Gail Perry
Editor
editor@accountingweb.com
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