AccountingWEB News Wrap-Up - Issue 200

This News Wrap-Up Brought To You By:

Oracle's Free Executive Guide to Sarbanes-Oxley

THIS WEEK'S TOP NEWS

  1. U.S. and EU Face Off Over Sarbanes-Oxley Regulation
  2. E&Y Has New Definition For a "Clean Audit"
  3. Congress Gains Support in Stock Option Fight
  4. 2003 MAP Survey Now Available Online
  5. Former Employees of Dynegy, Inc. Sued by SEC For Fraud
  6. Securities and Exchange Commission Investigates Coca-Cola
  7. Microsoft Adds Legal Teeth in Efforts to Fight Spam
  8. IRS Warns of New Child Tax Credit Scam
  9. While Feds Cut Taxes, State Taxes Are on The Rise
  10. PeopleSoft Ups The Ante For J.D. Edwards and Oracle Ups The Bid For PeopleSoft - Who will come out on top?

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PLATT'S PERSPECTIVE

Every once in a while you get the opportunity to experience
firsthand the excitement of an organization as it moves
from "good" to "extraordinary." I had that rare pleasure last week attending the 14th annual Association for Accounting Marketing (AAM) Summit in Boston.

Record-breaking attendance, a wave of newcomers and first-
timers, top level speakers, and dynamic networking and idea
sharing like bees buzzing from one flower to another helped
define the moment this epicenter of a fledgling profession hit its stride and showed the staying power of an organization on the go with the momentum to take it to new heights.

Marketing Directors and firm owners benefited from the program, and the synergy between the two offered a glimpse of a bright, cooperative future for the discipline of accounting marketing. I'm not sure what my schedule will look like next summer, but I do know that this conference will be on the list of "must attend's." (For more on AAM, visit their Web site).

On another note, this week AccountingWEB marks a milestone -
our 200th issue of The AccountingWEB News Wrap-Up. All of us at AccountingWEB thank you for your continued support and invite you to join us next month to celebrate our four-year anniversary!

Michael Platt, CEO
AccountingWEB, Inc.
mailto:editor@accountingweb.com

THIS WEEK'S TOP NEWS

1. U.S. and EU Face Off Over Sarbanes-Oxley Regulation

The European Union is ready to revolt against new U.S. corporate governance rules that they call too far-reaching and, in some cases, too quickly drafted in the wake of U.S. corporate accounting scandals.

2. E&Y Has New Definition For a "Clean Audit"

A report last week claimed that Big Four firm Ernst & Young encouraged audit client HealthSouth Corp. to classify some rather unusual services under the umbrella of audit-related fees. The Securities and Exchange Commission may have a different view of the way in which these services should be described.

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AccountingWEB has prepared a summary of the Jobs and Growth Reconciliation Tax Act of 2003 - written for the non-tax professional - for you to offer to your clients. Our Tax Legislation Summary includes both an MS Word formatted document (that you can cut and paste as you wish) as well as an HTML formatted document that you can cut and paste right into your Web site immediately. Find out more today!

3. Congress Gains Support in Stock Option Fight

FASB Chairman Robert Herz last week urged lawmakers to stay out of the standard-setting business, but now it seems the
legislation that threatens FASB's independence is gaining
support on both sides of the aisle.

4. 2003 MAP Survey Now Available Online

The 2003 National Management of an Accounting Practice (MAP) Survey is now available online. The MAP survey provides benchmark information for small and mid-size accounting practices.

MORE TOP NEWS. . .

5. Former Employees of Dynegy, Inc. Sued by SEC For Fraud

6. Securities and Exchange Commission Investigates Coca-Cola

7. Microsoft Adds Legal Teeth in Efforts to Fight Spam

8. IRS Warns of New Child Tax Credit Scam

9. While Feds Cut Taxes, State Taxes Are on The Rise

10. PeopleSoft Ups The Ante For J.D. Edwards

10A. Oracle Ups The Bid For PeopleSoft

PREMIUM CONTENT

Below is a sampling of the Premium Content available to subscribers of the AccountingWEB Premium service. Along with your yearly Premium Subscription, you gain access to all the archived Premium Content on the Site. Sign up today!

1. An Investigator's Checklist of Vital Information Sources

2. Daily Habits For Developing The Art of Leadership

3. Brainstorming Techniques For Business Success

HOT TOPICS

1. Consumer Groups Charge E&Y With Undermining Sarbanes-Oxley

2. IRS Moves to Reduce Retirement Savings Barriers

3. PwC Sells Off Two of Its Businesses

4. Judge Approves $125M KPMG Rite Aid Settlement

5. Reports Blast Corporate Culture That Caused WorldCom Collapse

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