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This Week's News |
Towards a Better Understanding of the Financial Statement Auditor Reports
IRS Updates Temporary Address and Expedited Ruling Request Procedure
Defining the 7 Elements of Governmental Financial Statements
LIFO Effect on Oil Company Profits Draws New Scrutiny
Hedge Fund Managers Welcome SEC's New Guidance
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Seamlessly integrated on the highly acclaimed Checkpoint® platform, you'll have everything you need, including the source materials you rely on
like AICPA, FASB, SEC and PCAOB, all in one place.
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NEWS IN-DEPTH: LAPTOP BATTERY RECALL |
Owners and users of Dell Latitude(TM), Inspiron(TM), XPS(TM) and
Dell Precision Mobile Workstation(TM) notebook computers should
be aware that, under rare conditions, certain batteries sold for
use with these models may overheat and pose a fire risk.
No injuries have been reported, however, users are warned to stop
using the batteries immediately. Laptop computer models affected
by the battery recall can still run on the AC power adapters,
MarketWatch reports.
More than 4 million notebook batteries containing cells
manufactured by Sony will be repaired or replaced by Dell.
Approximately 2.7 million of the recalled batteries were sold in
the U.S. and another 1.4 million were sold overseas. It is one of
the largest recalls in the history of the U.S. Consumer Product
Safety Commission, according to BusinessWeek.
UPDATE: PC World is reporting that it may take weeks, or longer
for out of production models, to get replacement batteries for
those affected by the recall. When the replacement does
eventually arrive, it should be accompanied by postage paid
packaging for returning the old battery. The recall process is
most likely the fastest process, Dell spokesperson Gretchen
Miller tells PC World.
For more information about the recall, read the entire article
"Dell Recalls Millions of Laptop Computer Batteries"
Click Here.
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WHITE PAPER: ETHICS EDUCATION |
"The paper is the result of a wide-ranging research project into
ethics education in the worldwide accountancy profession. It is
designed to stimulate discussion and debate on the subject of
ethics education," states International Accounting Education
Standards Board (IAESB) Chairman Henry Saville. "The paper, and
the findings of the independent research team, will be of
interest and benefit to IFAC member bodies, regional accountancy
organizations, accounting educators, and others seeking to
implement ethics education programs for professional accountants."
"Approaches to the Development and Maintenance of Professional
Values, Ethics and Attitudes in Accounting Education Programs" is
a new information paper that will serve as the basis for the
development of an International Education Practice Statement
(IEPS) 4.1 "Approaches to Developing and Maintaining Professional
Values, Ethics and Attitudes", which is scheduled for publication
during 2007, that will assist and support the International
Federation of Accountants (IFAC) member bodies in carrying out
their responsibilities to ensure that candidates for membership
in an IFAC member body are equipped with the appropriate
professional values, ethics and attitudes to function as
professional accountants, as required by International Education
Standard 4.
The 187-page paper includes chapters on the role and issues of
ethics education; an inventory and analysis of current and good
practice; institutional strategies; resources and databases; and
a flexible framework for learning ethics, values and attitudes,
among others.
"Approaches to the Development and Maintenance of Professional
Values, Ethics and Attitudes in Accounting Education Programs", a
new white paper, takes a closer look at international ethics
education. The full report is available:
Click Here.
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August 17, 2006



Something to think about:
An honest man can feel no pleasure in the exercise of power over his fellow citizens.
-- Thomas Jefferson, letter to John Melish, January 13, 1813





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