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MARCH 6, 2008


Employers face increasing pressure to verify worker identity
The Department of Homeland Security (DHS) is expected to re-issue rules requiring employers to check on employees' identities if they receive letters from DHS notifying them that a worker's Social Security numbers does not match the government's database.

Bringing down Public Enemy No. 1: IRS makes Al Capone's records public
It's been 77 years since Al Capone was prosecuted and now the IRS is releasing documents about the country's most celebrated tax evasion case. The documents reveal the extreme lengths federal agents were willing to go to bring down Chicago's most notorious crime boss, even sending one knowledgeable bookkeeper to South America for safekeeping.

Court rules 401(k) participants may sue plan administrators
In a unanimous decision the U.S. Supreme Court recently ruled that individual participants of defined contribution pension plans such as 401(k) plans are protected under section 502(a)(2) of the Employee Retirement Income Security Act (ERISA) and may sue for losses resulting from a breach of fiduciary duties.


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Michelle Golden:
Golden Practices
Referral Sources: There's Always a Way to Reciprocate

The greatest referral source marketing fallacy among professionals is the thinking that you can't reciprocate to referral sources because you don't serve the same type of clients as your referral source....

FEI Financial Reporting Blog
SAG Members Warn CIFIR Professional Judgment Framework Could Become Litigation Trap

Members of the PCAOB's Standing Advisory Group (SAG) warned during their Feb. 27, 2008 meeting that a Professional Judgment Framework (PJF) recommended by the SEC Advisory Committee on Improvements to Financial Reporting (CiFIR) could become a litigation trap that could lead to enhanced, not reduced liability....

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Shared Services: A Manager's Journey

by Daniel C., Jr. Melchior

What follows is an eye-opening experience in which, along with our hero, you will witness the pitfalls, triumphs, and lessons learned in the process of implementing and growing a shared services organization. Through Dennis's experience, you will find out why shared services is a proven method to deliver value in the support services field.

Publisher's Note

A recent age discrimination case in California was brought about by a former manager at Google. The 58-year-old man claimed that fellow Googlers routinely referred to him as "old man" and "fuddy-duddy." I don't think I've ever referred to anyone as "fuddy-duddy," but if any of you want to call me "fuddy-duddy," hey, go right ahead.

Only two percent of Google employees are over the age of 40. Not surprising, really, given the nature of the tech business. It's fascinating to read about what Google does to attract and retain young tech workers. We've all heard about the free gourmet food, fancy latte carts, and massages on company time. While most accounting firm partners probably feel quite far removed from The Grand Google Way, still though, you might consider upgrading the coffee.

Rob Nance

Latest News

Firm/State News

RSM McGladrey wins award for work-life solution
RSM McGladrey, a leading accounting, tax, and business consulting firm, received The Conference Board's "Moving Into the Future Award" for its innovative Coach-on-Call WorkLife solution. The annual award is given to companies that creatively address workplace issues that yield positive impact.

Tech News

Google's anti-malware team uncovers million of potentially infected sites
Research by the search engine Google's anti-malware team uncovered more than 3 million potentially harmful Web sites. Weekly samples of infected sites among search results reached 1.3 percent in January, 2008 - a threefold increase over last year.

Lite News

Lights! Camera! Accountants take to the big screen
The stereotypical accountants may seem like they lead an orderly, quiet life, with little excitement or notoriety. And when you think of Hollywood glamor, the image of an accountant might not be the first thing that jumps to mind. But British correspondent Rob Lewis did a bit of research and found that accountants make appearances on the silver screen with surprising frequency.

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