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  HOME NEWSEXCEL ZONE
STUDENT ZONEPRODUCTS
DECEMBER 13, 2007
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Features
House AMT relief bill passes - political wrangling continues This week, House Ways and Means Committee Chairman Charles B. Rangel (D-NY) introduced the "AMT Relief Act of 2007," new legislation that would provide a one-year fix to the alternative minimum tax (AMT) currently poised to affect an estimated 23 million taxpayers. The bill is likely to die in the Senate. 
SEC authorizes one-year SOX 404(b) extension for SMBs The U.S. Securities and Exchange Commission has agreed to provide small businesses with an additional one year extension to comply with Sarbanes-Oxley Section 404(b) internal control requirements. SEC Chairman Christopher Cox said he wants to give small companies more time to meet certain auditing requirements of the Sarbanes-Oxley corporate reform law. 
Executives say poor internal controls contribute most to fraud When corporate fraud occurs, it usually is an inside job made easier because the company had an insufficient prevention program, according to executives surveyed by the audit, tax and advisory firm KPMG LLP. Some 42 percent of survey respondents said inadequate internal control was the primary contributor in the previous year to a fraud incident against their company. 
Blogs!What have you got to say today?Eva Lang, aka BV Girl It's Always Hard to Value Things "It's always hard to value things," said Donald Brownstein, chief executive of a hedge fund operator, Structured Portfolio Management in the article titled "When the Price Isn't Right" in the December 9, 2007 issue of the New York Times. Mr. Brownstein goes on to say "In some cases, you don't have enough information. In other cases you don't want to know the truth. In this case it's both." Dave Burt, CPA: The Shirtsleeve Accountant's Blog Who me? A malcontent? I'm not sure I get it. Does anyone know what happened to the workplace nowadays? I just don't remember feeling I had any real bond with any of my employers. Am I just messed up? My first job out of college was at regional CPA firm. One day a senior partner said, with a voice that carried across the whole department, "Burt, you're going to be a lousy accountant." But then again, he had squat in billable hours and rarely brought in new clients. The other partners finally had enough of him three years later and dissolved the partnership. Join the forums - express your views! http://www.accountingweb.com/questions_advice/ http://www.accountingweb.com/blogs Latest News
Firm/People NewsNot just horsing around: CPA finds fulfillment with two careersHer license plate frame reads, "I'd Rather Be Trail Riding," and though passer-bys may believe it's wishful thinking, for Ann Cole, CPA, it's an after-work routine. SubscriptionsUpdate your subscriptions by visiting your profile page and selecting the "My Newswires" link. |
Student NewsA dozen tips to tame the final exams beastThink about it. One week can determine up to 40 percent of your final grade in every class. Finals week is where you will either SINK or SWIM. The question is, do you know how to guarantee that both you and your GPA will "float through" finals successfully? The Honors Program at the University of California at Riverside has put together these suggestions for getting through finals week. Tech News2007 Xmas gadget countdown - which gets your vote?Every year in the run-up to Christmas, our executive peripherals editor Nigel Harris chooses the 10 objects that most deeply stimulate his electronic desires - but which ones get your vote? Join the fun in this global holiday countdown. 2007 ACPEN live web castsIt's that time of year where we are all under pressure to meet our licensing compliance requirements.
Find out what the Accounting CPE Network can do for you! Publisher's Note
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