June 23, 2011
PCAOB moves forward with changes to auditor's reporting model
Citing a goal of investor protection, the PCAOB has issued a concept release to discuss alternatives for changing the auditor's reporting model. The Board is seeking comment on alternatives and other matters presented in the concept release.
TIGTA report finds the IRS struggling with old challenges and new laws
The TIGTA's recent Semiannual Report to Congress summarizing the activities of the IRS for the six months ending March 31, found that the Agency has failed to make significant progress solving long standing problems.
Excel Tip: Multiple criteria SUM, MIN, and MAX formulas
Most Excel users are familiar with the SUM, MIN, and MAX functions in Excel. Used in their traditional fashion, you provide a range of cells to the function to derive a result. However, in certain cases you may wish to use this functions based on multiple criteria.
When the Internal Revenue Service recently announced that its e-file service had reached the landmark of surpassing one billion individual tax returns processed, I immediately thought of the wise words of U.S. Supreme Court Justice Oliver Wendell Holmes, Jr. Sure, most of us gripe about the taxes we have to pay, but Holmes' words carry weight.

"Taxes are what we pay for civilized society."

We all live in a great country. God Bless America.

Rob Nance
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