Practice | AccountingWEB
by AccountingWeb on Jul 31, 2003
Webster's Dictionary defines "Synergy" as "a mutually advantageous conjunction or compatibility of distinct business participants or elements." For years, accounting associations and professional networks focusing on industry-specific or service-specific activity have leveraged the concept of synergy to bring added value to like-minded business professionals.
by AccountingWeb on Jul 28, 2003
"Project Invader" and "Project Scorpion" were two of the alleged names long-distance company MCI gave to schemes its competitors claim were designed to avoid paying hundreds of millions of dollars in tariff charges to local access carriers.Former MCI technicians, who allegedly disclosed the scheme’s inside code names, described to investigators an intense internal pressure to reduce access charges.
by AccountingWeb on Jul 28, 2003
The Securities and Exchange Commission (SEC) has released a staff study recommending the adoption by the U.S. financial reporting system of a principles-based accounting system. Congress' intent in requesting the study was to have the staff consider whether a different standard-setting paradigm from the one that exists today would be beneficial to U.S.
by AccountingWeb on Jul 25, 2003
Mark Hildebrand is a man on a mission. As CEO of Indiana-based Crowe Group LLP, and its subsidiary Crowe Chizek LLC, the eighth largest CPA firm in the United States, Mark Hildebrand very quickly and comfortably talks about a vision for national growth, goals for the firm, and the plan to get there.
by AccountingWeb on Jul 23, 2003
Intuit, a leading business and financial software maker, has launched its new Accountant Payroll Referral Reward Program, offering rewards and incentives to accountants who refer clients to Intuit Payroll Services full-service payroll solutions.Those wishing to participate in the program will need to register with Intuit to be eligible.
by AccountingWeb on Jul 23, 2003
Deloitte & Touche Press ReleaseA survey from Deloitte & Touche LLP underscores that more than a few U.S. corporations were unprepared to meet the original deadline of Section 404 of the Sarbanes-Oxley Act for introducing strong internal controls and processes for implementing the Act's provisions regarding the fairness, accuracy, and thoroughness of their financial reporting.In particular, the survey of 65 top human resources executives of Fortune 1000 companies highlighted disagreement and confusion over human resources' role in helping companies achieve compliance.
by AccountingWeb on Jul 22, 2003
The rules and regulations are coming from all quarters, but U.S. executives are taking it a step further by creating their own group to monitor corporate performance and accountability.In the post-Enron corporate world, it has never been a more challenging time to lead a major U.S. corporation. The 2002 Sarbanes-Oxley Act put more responsibility on the shoulders of CEOs to ensure accurate financial reporting and accounting.
by AccountingWeb on Jul 22, 2003
Re-published with permission from White-Collar Crime Fighter, www.wccfighter.com.The problem of departing employees stealing their ex-employers' electronically stored trade secrets has taken on near-epidemic proportions.The good news: Under the latest amendments to the federal Computer Fraud and Abuse Act (CFAA), federal courts have jurisdiction to protect any computer that is connected to the Internet against "wrongful use." And—recent court cases have further clarified the definition of employ
by AccountingWeb on Jul 18, 2003
When potential clients are shopping around, how can your services stand out? Try these top 10 tips to increase your sales.Begin by differentiating your services or products by who you and your company are.What differentiates you? More training, more experience, better methods, a better team?
by AccountingWeb on Jul 17, 2003
How do you handle conflict in the workplace? Most of us do not deal with it very effectively - if we even deal with it at all.Maintaining relationships is key to resolving conflict, so if a situation is thought to be unfixable, the best advice given by experts is to figure out a way to 'remix' the situation so the two parties look at the situation differently.Here are a few tips for consideration. Think before acting.
by AccountingWeb on Jul 16, 2003
The Securities and Exchange Commission has published a report prepared by its Division of Corporation Finance concerning the Division's review of the Commission's rules and regulations regarding the nomination and election of directors. The staff report notes the need to improve the existing proxy process and recommends action in two areas: improved disclosure and improved shareholder access to the director nomination process.
by AccountingWeb on Jul 16, 2003
Are businesses prepared to handle unexpected disasters? It depends who in the organization you ask, according to a recent survey researching disaster recovery plans and organizations' overall readiness to deal with it. A recent survey of enterprise executives, to be released on Monday, found that corporate executives and their chief information officers often view the issue from opposite ends of the spectrum.
by AccountingWeb on Jul 15, 2003
A new study by The Conference Board shows that, in spite of the continued threat of terrorist violence, most companies are spending approximately the same on security that they spent prior to September 11, 2001.According to a survey of more than 330 business security directors, risk managers, and information technology security officers, there has been only a 4% median increase in security spending in the past two years.
by AccountingWeb on Jul 14, 2003
By Christopher KnightLISTEN first, with sincerity. Don't assume the problem is always on their end. ENTERTAIN the possibility that the customers complaints are real, as many times they are REALLY a problem with you or your unit or company. DO NOT SAY THESE WORDS, in the heat of a difficult customer confrontation: "Our Policy Is", "I Can't", "The Computer or something outside of you failed", "They....." meaning you don't intend on taking responsibility for solving the problem. Give them your name, and tell them that you will personally handle the problem.
by AccountingWeb on Jul 11, 2003
According to the PricewaterhouseCoopers Global Economic Crime Survey 2003, not only is large-scale economic crime on the rise, many of those corporate watchdogs who are supposed to prevent crime from occurring may not know how to identify or stop criminal acts.More than 3,600 senior representatives at the top 1,000 companies in 50 countries around the world participated in the survey, sharing information about their experiences with economic crime and methods for detecting and deterring such crime.

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