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This Issue's Theme: Year-End Review December 31, 2008  
Editor's Note
Looking back at 2008 we see there were many key news stories that affected our readers. We've pulled ten of the top stories from 2008 for your review, but already we're looking forward to what the news has in store for us in 2009. Stay tuned to AccountingWEB - you won't want to miss the important stories that affect you and your accounting career.

Best regards,
Gail Perry, CPA
Managing Editor

Hot Topics
TurboTax turmoil: Online reviews pan the top selling software

Meeting the 150-hour requirement in New York and Pennsylvania

Life in the Big Four, Part IV: Pranks

Singing CPA releases new CD of holiday music

SEC approves new rules for credit reporting agencies

More Hot Topics

IRS announces rebate payment schedule

The Internal Revenue Service announced on Monday, March 17, 2008, that it will begin sending more than 130 million economic stimulus payments starting May 2. The initial round of weekly payments will be completed by early July.
more >>
Obama's tax decisions will define income tax systems for years

"Tax policy decisions ahead: President-elect Obama's call for change," prepared by the Washington. D.C.-based Tax Policy Group of Deloitte Tax LLP in November, 2008, predicts that with Barack Obama in the White House and a strengthened Democratic Congress facing huge budget and tax issues, the outlook is for changes in tax policy in the next two years that could determine the size and shape of our income tax systems for the foreseeable future. more >>
What will it take to be a top CPA in 2010?

These days, a number of factors are combining to make Certified Public Accountants more valued in the current marketplace than ever before - with even brighter prospects for the most qualified and skilled professionals in the foreseeable future. This article, that appeared in January 2008, describes what we accountants have to look forward to in the future. more >>
Latest salary survey shows that, for accountants, it's not all about the money

In February, we learned that job-seeking accountants have more on their minds than money. A survey developed by Robert Half International suggests that successfully wooing job candidates takes more than salary alone. While 37 percent of chief financial officers (CFOs) interviewed said offering higher compensation than competitors is the most effective incentive for attracting accounting professionals, nearly as many (33 percent) felt the benefits package had the greatest influence, up from just 2 percent five years ago. more >>
Latest e-mail scam targets TurboTax

As if the mad rush for Americans to collect all the necessary financial data and file their taxes wasn't bad enough, at the peak of tax season cybercrooks began beefing up spam attacks concerning taxes as April 15 approaches. more >>
New research provides resources on fraud prevention and financial reporting

Early in 2008, Financial Executives Research Foundation (FERF), the research affiliate of Financial Executives International (FEI), announced the release of two important new pieces of research designed to aid public company management and corporate boards in the efficient evaluation of their assessment of reporting issues and internal controls.
more >>
SEC releases new XBRL analytical tool

This was the year the Securities and Exchange Commission (SEC) launched an online, interactive tool that allows investors to instantly extract, compare, and analyze executive compensation for the largest companies in the United States. more >>
FASB launches verification phase for Accounting Standards Codification for GAAP

The Financial Accounting Standards Board officially launched the one-year verification phase of the FASB Accounting Standards Codification. After addressing the issues raised during the constituent feedback process, the FASB is expected to formally approve the Codification as the single source of authoritative U.S. GAAP, other than guidance issued by the Securities and Exchange Commission. more >>
Man jailed for attempting to launch 'Jihad on accountants'

A 44 year-old man from Sittingbourne, Kent, England, who failed his accounting exams, has been sentenced to two years' imprisonment for urging Moslems to launch terror attacks on accountants. more >>
TurboTax turmoil: Online reviews pan the top selling software

The holiday season doesn't seem to be very jolly for TurboTax 2008, at least not on where 171 online product reviewers have panned the perennial best selling software with one-star ratings. more >>
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