Consulting

Community News

ICAEW President Gives International Outlook on SEC Audit Rules

Graham Ward, the President of the Institute of Chartered Accountants in England and Wales, is scheduled to appear before the Securities and Exchange Commission's hearings on auditor independence in New York at 4.30pm today.
Community News

Second Auditor Independence Hearing Today

Members of CPA firms, representatives of the AICPA and England’s Institute of Chartered Accountants, lawyers, advisers, members of accountancy boards and CPA societies, and corporate accounting officials are gathering in New York today to present testimony before the SEC regarding the proposed limitations on auditor independence.Forty speakers representing both sides of this issue will take the podium, briefly presenting their views in hopes of supporting or swaying the opinion of Arthur Levitt, Chairman of the Securities & Exc

IT Alliance Focuses on 'E-Positioning' for Fall Conference

E-Positioning of firms who consult within the Internet and business continuum is the focus of the Information Technology Alliance's fall conference in Naples, FL, Oct. 25-28 at the Registry Resort.'The conference is packed with timely information, great learning opportunities in and out of the sessions, and some surprises that are just plain fun, including our new 'Do YOU want to be a Geek Billionaire Contest,' says Bruce MacBain, conference chairman and a consultant with SOFTWARE First!
Community News

HP May Acquire PricwaterhouseCoopers' Consulting Biz

The hottest accountancy news this weekend was the revelation that computer and printing equipment giant Hewlett-Packard was in talks with PriceWaterhouseCoopers to buy its global management consulting business in a deal estimated to be worth $17 to $18 million.This move may be a direct result of the recent rulings promulgated by the Securities and Exchange Commission regarding the separation of audit and consulting serv

HR Consultancy Goes Online With Investment Services

The ability to surf the Internet and handle day-in, day-out tasks associated with the human resources function is getting hotter and hotter. Now, Hewitt Associates has tapped into the power of the Web to provide defined contribution services for more than 4.3 million employees and clients by partnering with Business Logic.Business Logic created 'AccountLink,' a system that enables anyone with investments administered by Hewitt to obtain investment balances on a 24/7 basis.
Community News

What's in a Name? Andersen Consulting, of Course!

Although the news about the final separation between Arthur Andersen, LLP and Andersen Consulting has cooled a bit, speculation as to the 'name game' has just begun.A report from The Times in the United Kingdom suggests that Arthur Andersen may name its consulting arm 'Andersen Consulting.' You heard right: the namesake of its divorced spouse.The current Andersen Consulting has until January 1, 2001 to change its name, and until then, it's anyone's guess as to what the new consulting firm will be called.
Community News

KPMG Consulting to Sell South African Practice

In preparation for the initial public offering next month of KPMG's consultancy business, the firm has announced plans to sell its South African consulting practice for a yet to be disclosed price.The move is seen as one piece in the entire process of breaking the consultancy practice away from the international firm's auditing services so as to be in compliance with expected SEC rulings on auditor independence.The first wave of the IPO is set for September, and a second wave will f
Community News

Andersen Split has Rippling Effect

Now that Andersen Consulting has made a formal split from its parent company, Arthur Andersen, some analysts are saying that the larger, Big 5 firm will suffer from separation anxiety.What's the affect of such a split?
Tax

Free Tax Valuation e-Newsletter now Available

The Financial Valuation Group, a financial consulting firm specializing in business and intellectual property valuations, expert testimony and financial consulting, has created the Tax Valuation E-Flash, an electronic newsletter that delivers timely information on a variety of items related to valuation ramifications of tax cases.The free newsletter, available for subscription, includes abstracts of valuation related court
Community News

Andersen Consulting-PwC Merger Rumors Quashed

Talk of a merger between PricewaterhouseCoopers and the newly-unwed Andersen Consulting has been roundly condemned by the consultancy firm.Consulting was not in merger talks with anyone, a spokesperson confirmed, after reports that the two were holding discussions.Now that Andersen Consulting is free of Arthur Andersen's grasp, the rumor mill has been grinding with a variety of predictions and fantasies.In London, the

Satellite CPE: Buying/Selling a Business

On Aug. 16, ACPEN will present a special, one-day satellite broadcast called 'The CPA's Guide to Buying and Selling Businesses'.Speakers for the day include Michael Nall, CPA, executive director of the Alliance of M&A Advisors, who says 'there are several million private businesses needing the services of CPAs and other professionals who can envision, negotiate and manage efficiently the sale and purchase of a business.
Community News

PWC Makes Changes to Prepare for Break-up

Changes are in the air at PricewaterhouseCoopers.The world's largest accounting and consulting firm has just named Tom O'Neill as the firm's chief operating officer so that Chief Executive James Schiro can spend more time concentrating on the break-up of the firm.O'Neill currently manages the firm's operations in Canada. The most important aspect of the break-up is the impending sale of the firm's consulting practice, valued at $20 billion.

It's Mickey Mouse: How Copyright Law Affects Accounting

In many situations, matters like copyright infringement directly affect the accounting profession in a number of ways. Why?It's easy to understand that big business wants to protect its assets. Take the case of Disney, who banks on the fact that Mickey Mouse is spared any public domain once the character's copyright period expires.Based on a 1998 law enacted by Congress called the Sonny Bono Copyright Term Extension Act (CTEA), companies like Disney can hold on to a copyright for a term as long as 20 more years.

Maintaining Independence Within the CPA Firm

Today, the SEC is beginning its hearings related to independence within an accounting and consulting firm, and are set to hear testimony from representatives of government and the Big 5.How does a CPA firm maintain independence when delivering both audit and consulting services?

How Does Your Vacation Time Stack Up?

You may be thrilled that your new boss is willing to give you two weeks of paid vacation.

Rising Costs, New Drugs at Heart of Health Insurance Crisis

A study of health insurance costs in northern Ohio performed by the management consulting firm of Hewitt Associates shows health insurance costs on the rise at an average rate of 16% per employer. The underlying cause seems to be the rising costs of medical care, and in particular the rising costs and increased usage of prescription drugs. It is estimated that the amount Americans spend on prescription drugs has doubled in the past five years.

KPMG Cybercrime Report Stops Hackers

We all know that cybercrime is big business, but how can we fight this phenomenon that doesn't seem to be going away any time soon?With the help of a new report from KPMG businesses and governments alike can find useful tips and tactics on how to prevent breaches in security that actually can stop or delay hackers.The white paper is called 'E-Commerce and Cyber Crime: New Strategies for Managing the Risks of Exploitation,' and was produced by KPMG Forensic and Litigation Services unit.

Consulting Firms Compete with Big Fives for Dot.com Business

The online consultancy marketplace just got more crowded now that McKinsey & Co. and Bain & Co. have begun competing head-to-head with the same kind of practice the Big 5 have enjoyed for some time.What does this mean for competition? There isn't a doubt in anyone's mind that staff working for the two firms offer their own spin to e-commerce activities and hold the knowledge so that clients may succeed long term.However, experts predict that 'brand' is everything on the already-crowded playing field.

Top Consultants Include Accounting Experts, E-Specialties

The June 2000 issue of Consulting magazine has a list of the top 25 consultants in the world.This year's issue once again includes experts from Big 5 firms and spin-off consulting firms.Most interesting about the list was that more than half of those listed are involved in e-Consulting from companies whose primary business is electronic business, as well as e-commerce departments of traditional consultancy practices.The magazine reports that the top consultant, Bill Nussey, CEO of iXL, Inc. is 'what every traditional consultancy fears:' a venture capitalist turned consultant.
A&A

CPAs Have Role to Play in B2B Commerce

It's no secret that B2B (Business to Business) Commerce has brought extremely lucrative profits, but did you know it's now a multi-trillion industry?Amidst the hustle and bustle of making money, many financial professionals are puzzled as to their role in the long-term environment. Just what is the CPA's role as the financial advisor to clients, customers and employers?A new Journal of Accountancy article (click on link below) traces the growth of the market and the place financial advisors have in the food chain.

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