Practice | AccountingWEB
by AccountingWeb on Sep 08, 2003
Additional training for members of boards of directors seems like an obvious move in this Sarbanes-Oxley environment.
by AccountingWeb on Sep 05, 2003
Reprinted with Permission from By Kerry L. Johnson, Ph.D. It's Carl's sixteenth cold call. He's had fifteen rejections in a row. "There must be a better way," he says to himself. "I might as well be calling right out of the telephone book." As he dials, his secret hope is that he'll get either a busy signal or no answer. He wonders if there's a job that doesn't create so much emotional distress. There has to be a better way!If you're still making cold calls to get business, you undoubtedly don't enjoy it. There is a better way. Learn how to use referrals.
by AccountingWeb on Sep 03, 2003
Reprinted with Permisson. By Kerry L. Johnson, Ph.D. John was about to give up. He had had it with his manager's explosions. It wasn't bad enough that he felt like a child, but when his manager raised his voice and demoralized him, it went too far. When his boss carried on with one of his tirades, John usually was left shaking in his boots. Not only was the guy intensely intimidating but he made most people either angry or fearful, often at the same time. Beth was tired of the backbiting.
by AccountingWeb on Sep 02, 2003
Flexible spending plans offered by some corporations just got a whole lot easier to use with new rules allowing debit cards to track the use of pretax dollars employees put away to pay for medical expenses not covered by health plans. The IRS recently permitted the use of debit cards to cut down on the paperwork usually involved in taking advantage of these flexible-spending plans offered by many employers. These plans allow employees to put a portion of their pretax salary away for anticipated medical expenses during the year.
by AccountingWeb on Sep 01, 2003
Below are a few complaints we've heard over the years of why clients are unhappy with the service provided to them by their accountant. Employees lack a "Can-do" attitudeIf many of your employees lack a "can-do" attitude, it may be a symptom of a greater disease. Poor recruiting, training, pay or difficult working conditions can contribute to employees’ attitudes. Once you get beneath the surface of the issue, it can help you to focus on attracting the kind of people who will deliver the "can-do" spirit. Customer service training can be tremendously helpful.
by AccountingWeb on Aug 29, 2003
Settlements in two separate lawsuits this month again raise an issue of concern to many employers. With the growing number sexually graphic e-mails in workers' in-boxes becoming harder to control in today's work environment, the question must be addressed: is an employer liable for a hostile work environment caused by a never-ending barrage of sexually explicit e-mails?It's a delicate question, and one that courts are addressing around the country.
by AccountingWeb on Aug 28, 2003
An analysis of malpractice claims for 22,000 CPA firms reveals the most common mistakes in audits of non-public companies. The data comes from claims filed with Continental Casualty Co. (CNA), the underwriters of the AICPA professional liability insurance program.The main causes of claims and their relative frequency are:Technical standards violations - 63%. Almost half these claims involved improper inventory valuation.
by AccountingWeb on Aug 28, 2003
Addressing the age old accounting challenge of how to make financial information more useful to decision-makers to better serve customers, Intuit will soon introduce two new products designed to do just that. QuickBooks® Client Manager and QuickBooks Customer Manager, scheduled for September release, provide a single screen dashboard with one click access to critical client/customer detail.
by AccountingWeb on Aug 27, 2003
In response to the greatest accounting scandal in United States history, significant attention has been focused on how to prevent another MCI/Worldcom disaster in the future. Richard C.
by AccountingWeb on Aug 27, 2003
A report this week by The Washington Post reveals that many accounting firms are reducing the number of audits performed for public companies, and, in some cases, firms are giving up providing public company audit services altogether.
by AccountingWeb on Aug 26, 2003
With all of the additional scrutiny being placed on corporate Boards of Directors, and the additional responsibility imposed on them by Sarbanes-Oxley, compensation rates for directors is reaching an all time high.For example, shareholders of Computer Associates are scheduled to vote this week on whether or not to give corporate directors a 60% pay increase - to $150,000 each - to fulfill their fiduciary role for the company.On average, director's pay rose about 10% last year, and Robin Ferracone, a worldwide partner with Mercer Human Resource Consulting, predicts another 15% raise this
by AccountingWeb on Aug 19, 2003
The Institute of Management Accountants, the national organization devoted to promotion and education in the field of management accounting, has announced the launch of new preparation materials for the Certified Management Accountant (CMA) examination.The CMA Learning System, a review course for the CMA exam, will be available in the spring of 2004.
by AccountingWeb on Aug 18, 2003
First it was the telemarketers whose wings were clipped, now in a surprise ruling, the Federal Communications Commission is cracking down on the sending of unsolicited facsimiles. The FCC has said it made the ruling to stop millions of unwanted faxes, that come at times even after the recipient has been asked to be removed from a fax list. The FCC issued the law on July 3 as an amendment to 1991’s Telephone Consumer Protection Act. The FCC’s rule will require the marketing and business-to-business communications that many companies rely on to build their clientele.
by AccountingWeb on Aug 14, 2003
A joint paper released by Canadian Information and Privacy Commissioner Ann Cavoukian and Deloitte & Touche LLP, provides corporate executives with suggestions for developing strategies for information security and privacy protection.The Security-Privacy Paradox: Issues, Misconceptions and Strategies examines the complex and often misunderstood relationship between the disciplines of information security and privacy protection."The evolution of the computer from a pass
by AccountingWeb on Aug 13, 2003
Recent corporate scandals have now affected the law profession with the American Bar Association voting this week to compel corporate attorneys to report suspicions of fraud — a major change in attorney/client confidentiality rules. With attorneys under growing fire for the role they played — or didn’t play — in looking the other way in cases such as Enron and WorldCom, the ABA took the dramatic step at its annual meeting to adopt standards that are similar to Securities and Exchange Commission rules now in effect.

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