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August 12, 2010    
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Publisher's Note
Rob Nance, Publisher Most people in the accounting profession keep a level head when dealing with clients. Of course, itís easy to see how workers can get fed up with customers and lose their cool. Few, however, take it to the extreme of what Steven Slater did on Monday. Slater, the JetBlue flight attendant who went off the deep end, has become a bit of a hero to workers who often dream of unleashing their frustrations and chucking it all.

If you have a story to tell about an employee or coworker who has departed his or her job in a dramatic fashion, told off a client, etc., please let me know. We can post the tale anonymously if you like. Please share with the AccountingWEB audience!

Rob Nance

Top News
Businesses await new standard for lease accounting
Review Exam workpapers The Financial Accounting Standards Board and the International Accounting Standards Board are on track to publish the final version of a common standard on lease accounting during the second quarter of 2011. The standard could go into effect as early as 2013.
Armed and dangerous: Sharp-shooting IRS agent guns down would-be robber
A female Internal Revenue Service special agent shot and wounded one of two suspects who attempted to rob her while she was on duty in the Bayview District of San Francisco during the early morning August 5.
Rapper's home raided at gunpoint by IRS agents
Rapper Young Buck was visited by shotgun-wielding IRS agents who were attempting to recover approximately $300,000 in tax debt. The entertainer blames his accountants, attorneys, and managers.
IRS removes automatic debt indicator, discourages refund anticipation loans
The IRS has announced that starting with next year’s tax filing season it will no longer provide tax preparers and associated financial institutions with the “debt indicator,” which is used to facilitate refund anticipation loans (RALs).
PCAOB adopts new auditing standards on risk assessment
The Public Company Accounting Oversight Board has adopted a suite of eight auditing standards related to the auditor's assessment of, and response to, risk in an audit.
Free CPA Review from Kaplan Kaplan CPA Review
Test drive Kaplan’s CPA Review Course. Kaplan is allowing AccountingWEB readers to enroll for free in the BEC section of their Online Review Course. You receive the complete course ($399 Value) for just the cost of shipping and handling.
Featured Articles
Workplace habits that anger coworkers
Angry man At least 40 hours a week is spent with your coworkers. It is understandable that a few of their idiosyncrasies will begin to rub you the wrong way.
Importance of keywords to search engine optimization
For search engine optimization (SEO), keywords are the connector, the relationship between you and your prospects, established and indexed by the search engine.
Accounting associations create commission to study higher education in accounting
The American Accounting Association and the American Institute of Certified Public Accountants have formed the Pathways Commission to study possible future paths of higher education for those seeking entry into the accounting profession.
Change you or change it
It’s a tough, changing world we live in. And when your competition already is responding to this environment by working harder and longer, you need unique tools to separate yourself from the throng.
Earn CPE Your Way! Continue Your Education Online!
Our webinar presenters are among the country's leading experts in their fields. The comfortable and clean webinar interface gives you ample opportunities to interact with the speaker. Each webinar has question and answer sessions and opportunities for you and others to contribute. We also offer self-study and on-demand webinars. Click here for more information.
Firm/State/People News
Conrad Davis: Creating a mentoring climate at CalCPA
Conrad Davis Realizing the full benefits and rewards of being a Certified Public Accountant comes when the CPA is involved with the profession and its future, said Conrad Davis, newly appointed chairman of the California Society of CPAs.
INSIDE Public Accounting reveals top 100 U.S. accounting firms
The Platt Group, the publishers of INSIDE Public Accounting (IPA), recently released its 20th annual report on the nation’s Top 100 accounting firms.
Michael R. Bell & Company joins Wipfli
Partners and associates of Washington State-based Michael R. Bell & Company, PLLC, have joined Wipfli LLP, an international CPA firm headquartered in Milwaukee.
SEC charges former Deloitte partner, son with insider trading
The U.S. Securities and Exchange Commission last week charged a former Deloitte and Touche LLP partner and his son with insider trading in the securities of several of the firm's audit clients.
CBIZ acquires retirement plan consulting firm South Winds
CBIZ, Inc., recently announced the acquisition of South Winds, Inc., a Baltimore-based retirement plan consulting firm doing business as Benexx.
Averett Warmus Durkee merges with Osburn, Henning and Company
CPA firms Averett Warmus Durkee and Osburn, Henning and Company, both based in Orlando, Florida, recently announced that they have merged practices.
Company announcements: Week of August 9
Following is a roundup of firm news for the week of August 9, 2010.
AccountingWEB LIVE! Conference to Offer Engaging Sessions, CPE Credit
Technology Changes Everything AccountingWEB LIVE! is designed to help accounting professionals grow their businesses by providing the knowledge necessary to make them invaluable to their clients. The conference, to be held on Tuesday, September 14, at the BWI Airport Marriott in Baltimore, consists of thought-provoking and knowledge-packed sessions, as well as a collection of CPE courses not available elsewhere, according to organizers.
What do you have to say today?
Managing Work/Life Balance
As young professionals, we continue to struggle with work/life balance because of real and unreal expectations that are thrust upon us as we begin our journey in the infamous "real world."
FASB Joins the Twitterverse!
The Financial Accounting Foundation, overseer of the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB) announced it has joined the Twitterverse.
Banks Post Increased Profits (What a Surprise!)
There are two things I know about stock markets: They have a herd instinct and they don’t like surprises.
Excel Training Hot for Accountants
Excel is the accountant's tool of choice for creating financial statements, budgets, and other financial reports, yet many accountants have never received any formal Excel training. Looking to right the wrongs of being self-taught, accountants are now seeking Excel training in droves.
QuickBooks Online's running balance column
Does anyone know what the problem here with QuickBooks Online is?
Add your input!
Overhead versus G&A cost pool
Should the Workers' Compensation, E&O, FUTA, State Unemployment, Social Security, and Medicare costs generated off of the indirect salaries be collected in the G&A pool along with the salaries, or in the overhead pool with the direct charging labor related costs?
Share your suggestions!
Kaplan Weekly Quiz
KaplanAre you prepared for the CPA exam? Test your knowledge and keep your skills sharp by taking the weekly CPA Exam Quiz, brought to you by Kaplan Schweser CPA Review and AccountingWEB Education & Careers Zone. New questions will be posted for each section weekly. Take this week's quiz.
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