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October 7, 2010    
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Publisher's Note
Rob Nance, Publisher Some people carry way too many gadgets through airport security. Recently at Midway Airport in Chicago, there was a guy in front of me juggling a laptop, an iPhone, a second basic phone of some type, an iPod, and what appeared to be a Kindle e-book device. This was all in addition to his two carry-on pieces of luggage. Needless to say, it took this tech-dependent fellow forever to get through the TSA maze.

What do you usually take on business trips? According to a Conde Nast Traveler magazine survey, here’s a summary of the electronic items travelers take with them on business trips:
  • Laptop – 74%
  • Noise-Canceling Headphones – 33%
  • BlackBerry – 27%
  • iPhone – 26%
  • E-Readers – 12%
  • iPad – 8%
  • Netbook – 7%
I’ll bet this same survey will show the nifty little iPad at a much higher percentage this time next year. AccountingWEB soon will have an app for the iPad and also for the Kindle. Stay tuned for an upcoming announcement. You can view our sites as you try to proceed through airport security.

Rob Nance

Top News
AICPA supports separate standards board for private companies
In a statement issued in advance of a meeting of the Blue Ribbon Panel on private company standards setting, panel member Barry Melancon said he expected the panel to recommend a new model of financial reporting that will generate different standards for private companies.
IRS gives in to outcry, makes changes to reporting of uncertain tax positions
The Internal Revenue Service recently has released its final version of Schedule UTP, Uncertain Tax Positions Statement. Missing are major reporting requirements contained in the agency's original proposal.
Online registration system for paid tax return preparers now available
The Internal Revenue Service has issued final regulations requiring paid tax return preparers to register with the IRS to obtain a Preparer Tax Identification Number (PTIN). A new online application system to obtain a PTIN is now available.
PCAOB issues inspection observations of auditing during economic crisis
The Public Company Accounting Oversight Board recently released a report summarizing inspection observations of audits of financial institutions and other companies during the economic crisis.
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Featured Articles
IASB and FASB complete first stage of conceptual framework
The International Accounting Standards Board and the U.S. Financial Accounting Standards Board announced the completion of the first phase of a project to develop an improved conceptual framework for International Financial Reporting Standards and U.S. generally accepted accounting practices.
Prepaid debit cards: Even the IRS wants to use them
Consumers nervous about debt now are using debit cards more than credit cards, and that trend may continue as people become more aware of the costs of credit cards.
Treasury announces financial stabilization investments of $570 million
To provide support to banks, thrifts, and credit unions that lend to small businesses and families in underserved communities, the U.S. Department of the Treasury recently announced the completion of funding under its Community Development Capital Initiative.
SBA releases final women-owned small business rule
With the publication recently of a final rule in the Federal Register, the U.S. Small Business Administration will begin implementation of its women-owned small business (WOSB) contracting program. The agency expects the program to be available for WOSBs in early 2011.
Twelve ways to say it right when it matters most
Whether you’re trying to motivate a team, negotiate a contract, make a sale, ask for a raise, land a new job, or terminate an employee, the conversations you have will either help you succeed or undermine your goals.
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Firm/State/People News
Big Four dominate student ranking of top global employers
Students around the world have placed the Big Four accounting firms atop a ranking of the world’s top 50 most attractive employers, bested only by Google in the coveted No. 1 spot.
CFOs cite integrity as most important trait for future leaders
A strong moral compass can give high-potential managers a leg up the career ladder, according to the results of a recent survey.
Stonefield Josephson merges with Marcum
The East Coast and the West Coast got a little closer in the accounting world with the merger of New York City-based Marcum LLP and Stonefield Josephson, Inc., of Los Angeles.
Company announcements: Week of October 4
Following is the latest roundup of firm news for the week of October 4, 2010.
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What do you have to say today?
Are you ready for FIN No. 48?
After conducting several recent seminars and discussing FIN No. 48 with numerous preparers of GAAP basis financial statements, I’m surprised at the ho-hum attitude about applying this pronouncement.
Security and fraud prevention update
Last week our firm hosted a Security and Fraud Prevention Seminar which was highlighted by FBI Special Agents Scott Sutherland and David Clark. During the training we learned about the many different threats to your business.
It isn't an adversarial relationship
Testing is not fun for students or professors, but it's important. Employers and accrediting agencies want to know that students have learned something. For accountants, it's even more important because we need to prepare for a profession that requires passing difficult certification exams to progress in our careers.
Government pensions are in trouble
A couple of the most compelling reasons that talented individuals stay in government are the benefits and the stability. Envious, I have attended a flurry of retirement parties this year. My colleagues have put in their time and are blissfully able to move on to second careers under the support of a state pension. But these pensions are expensive and risky…and troubled.
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.
Latest industry news
Click the link above to find out what's going on among our advertising partners — or check out the stories below:
RAN ONE, National Business Incubation Association partner to support entrepreneurial businesses
BillFLO delivers automated, Web-based cash flow management for small businesses
Mackintosh to drive growth in accounting firm market in the Americas for Thomson Reuters
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