Trends

A&A

Mortgage Industry Has a Long Way to Go With Customer Satisfaction

New CFI Group Study Shows Challenges For Mortgage Industry In Face of Reforms, Rate Increases A new survey of recent mortgage purchasers by the international consulting firm CFI Group, co-sponsored by Mortgage Banking Magazine, shows that mortgage lending ranks relatively low on customer satisfaction among financial services organizations.

SEC Finds ‘Revenue Sharing’ Practices at 13 Brokerages

The Securities and Exchange Commission said Tuesday that the activity behind the scandal rocking the $7 trillion mutual fund industry is apparently quite common, with 13 out of 15 brokerages under SEC scrutiny admitting to "revenue sharing" practices.Revenue sharing occurs when mutual funds pay brokerages to promote the funds’ shares.
Education & Careers

Insights For a Better Organization During The Coming Year!

Stay flexible. Change will be constant. New opportunities will present themselves. Unexpected challenges will throw themselves at you. Be ready to duck, bob, weave, side step, and hop-scotch. Agility is power. Stay alert to your own environment. Even carefully watching the trends, we can't predict everything that will happen to you and your company. Futurists work at the "30,000 foot" level; corporate leaders operate at the mountain top level. Keep your head in the clouds and your feet on the ground. Practice "Future Thinking." Always look ahead in everything you do.
A&A

Corporate Boards Logged More Time in 2003, Compensation Declines

In the wake of corporate scandals, the new Sarbanes-Oxley law and other governance and accounting requirements, nearly two-thirds of corporate boards of directors spent more time on their duties during the past year, according to the PricewaterhouseCoopers Management Barometer. Despite the added workload, board compensation increased at only 20 percent of companies, and remained the same at 47 percent. The remainder was either uncertain about board compensation or did not report. For those receiving a raise, the average increase was 17.9 percent.
Technology

FCC Levies $5.4 Million Fine For Unwanted Faxes

Federal regulators have fined a California company a record-breaking $5.4 million for faxing unsolicited advertisements to consumers.The fine, levied against Fax.com, Inc. by the Federal Communications Commission (FCC), is the largest ever for violating do-not-fax rules passed by Congress in 1991, the Washington Post reported.The FCC announced its decision Monday, saying Fax.com had 489 separate violations, each carrying the maximum $11,000 fine.
Technology

AICPA Announces 2004 Top 10 Technologies

The American Institute of Certified Public Accountants has announced its roster of Top 10 Technologies for 2004. These are the items expected to wield a powerful influence over business in the coming year.The 2004 list breaks two records. First, there are seven items debuting as AICPA Top Technologies.
A&A

Will They or Won’t They Raise Rates to Deflect Inflation?

Is the economy on the healthy road to recovery or a bumpy road leading to inflation?

Workforce and Workplace Forecasts For 2004

Employment Market Turbulence. More secure employees will stimulate unprecedented churning in the labor marketplace. This turbulence will threaten corporate stability and capacity to serve customers, particularly for employers who took employees for granted in recent years. Shift to Sellers' Market in Labor. Employers will face the most severe shortage of skilled labor in history. Corporations will become more aggressive to attract and hold top talent. People will change jobs to find -their personal Employer of Choice. Fluid International Job Movement.
A&A

SEC Halts $800 Million Investment Fraud

The Securities and Exchange Commission announced the filing of charges to halt a fraudulent scheme in which over 5,200 investor accounts purportedly hold investments of over $813 million through an Orange County, CA, business known as Financial Advisory Consultants (FAC). The SEC's complaint, filed last week in federal district court, names James P. Lewis, Jr., of Laguna Niguel, Calif., who allegedly has sold securities in two funds, known as the Income Fund, Ltd.
Community News

IRS Strengthens Employee Tax Compliance Program

As part of a continuing effort to ensure tax compliance, the IRS is taking new steps to ensure that agency employees strictly meet and follow their tax filing and payment requirements.As the agency places a new emphasis on overall taxpayer compliance, IRS Commissioner Mark W. Everson announced that additional steps will be taken to ensure IRS employees follow the law.
Tax

Reins Tightened on Lawyers, Accountants, Other Tax Advisers

On Monday, the Treasury Department and the IRS issued four items of administrative guidance as part of their ongoing effort to halt abusive tax avoidance transactions and maximize effective use of IRS audit resources. The first of the items released Monday is aimed at strengthening the tax system through heightened standards for tax advisors. The other three are aimed at increasing transparency and disclosure of information to the IRS.
Technology

Internet Fraud is Driving New Technologies to Safeguard Online Payments

Consumer and business concerns about Internet security are well founded. Amid an explosive upsurge in hard dollar losses and a holiday shopping season plagued with ever-changing scams, fraudsters continue to take advantage of the Internet's anonymous transaction environment -- with everyone from one-time hackers to organized crime testing the market's boundaries.In the face of these threats, momentum is building for a new breed of technologies and services to protect consumers, companies and financial institutions.

Top Selling Books On AccountingWEB

AccountingWEB has compiled a list of the top selling books on the AccountingWEB.com site. Browse through this selection and see if you need to add any of these books to your library.

Sound Bites From Around The Profession - Potpourri

AccountingWEB presents our favorite funny, quirky quotes of the year to give you a good feeling for the debates and discussions that have gone on around the accounting profession in 2003.Editors Note: These stories are archived, which will require you to be logged in to the site to access them.

Sound Bites From Around The Profession - IRS, Taxation

AccountingWEB presents our favorite funny, quirky quotes of the year to give you a good feeling for the debates and discussions that have gone on around the accounting profession in 2003 related to the IRS and taxation.Editors Note: These stories are archived, which will require you to be logged in to the site to access them. If you forgot your log-in information, click here and we’ll send it to you."Is it legal?

Sound Bites From Around The Profession - AICPA

AccountingWEB presents our favorite funny, quirky quotes of the year to give you a good feeling for the debates and discussions that have gone on around the accounting profession in 2003 related to the American Institute of CPAs.Editors Note: These stories are archived, which will require you to be logged in to the site to access them.

Sound Bites From Around The Profession - Accounting Scandals

AccountingWEB presents our favorite funny, quirky quotes of the year to give you a good feeling for the debates and discussions that have gone on around the accounting profession in 2003 related to Accounting Scandals.Editors Note: These stories are archived, which will require you to be logged in to the site to access them.

Sound Bites From Around The Profession - Audit Reform - PCAOB

AccountingWEB presents our favorite funny, quirky quotes of the year to give you a good feeling for the debates and discussions that have gone on around the accounting profession in 2003 related to the Public Company Accounting Oversight Board.Editors Note: These stories are archived, which will require you to be logged in to the site to access them.

Sound Bites From Around The Profession - Audit Reform

AccountingWEB presents our favorite funny, quirky quotes of the year to give you a good feeling for the debates and discussions that have gone on around the accounting profession in 2003 related to audit reform. Editors Note: These stories are archived, which will require you to be logged in to the site to access them.
Technology

More Than 1/3 of Corporate America May Use Smart Cards For Corp. Security

A recent study, performed by Frost & Sullivan, a growth consulting company, provides insight into the present security systems, needs, and prospective future trends of American Fortune 500 companies.According to the survey results, based on interviews with 69 Fortune 500 senior executives, there is a profound interest in using smart cards as part of their physical and/or logical security systems."More than 63% of the Fortune 500 executives interviewed either have investigated or are investigating smart cards for network security," says Deepak Shetty, Senior Industry Analyst at Frost & Su

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