AccountingWEB News Wrap-Up - Issue 208


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THIS WEEK'S NEWS

  1. Banking Regulators Adopt New Rules For Accountants
  2. PCAOB Now Accepting Registration Information From Firms
  3. Computer Alerts: Get Your Patches Today!
  4. SEC Names New Chief Accountant
  5. Ohio Joins Three Other States in Suing Freddie Mac
  6. BDO Seidman's Clients Try to Rescue Accounting Firms
  7. ABA Gives Corporate Attorneys Whistleblower Permission
  8. SEC Chief Accountant Clarifies Rules on Auditor Independence
  9. Latest Identity Theft Scam Centers on Fake Loans
  10. Track Advanced Child Tax Credit Checks on IRS Web Site

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PLATT'S PERSPECTIVE

As back-to-school scenarios start to play out in communities all across America, now might be a good time for you to consider how you can contribute your time and energy to enhancing the image of the accounting profession in your local high school or college.

Schools are always looking for "real life" stories, and we all know that the accounting profession can use many upbeat ambassadors these days.

So why not contact your local school, business club, community college or state CPA society to see how you can help. Just think what tremendous results could be achieved if everyone reading this newswire today could share one hour of their time with a potential future member of the profession...

Michael Platt, CEO
AccountingWEB, Inc.
e-mail Mike Platt

THIS WEEK'S TOP NEWS

1. Banking Regulators Adopt New Rules For Accountants

The banking industry is getting into the reform act with new rules that reflect those the accounting sector has adopted-by October 1, auditors who have been disciplined by the Securities and Exchange Commission (SEC) or Public Company Accounting Oversight Board (PCAOB) can be prohibited from auditing banks.

2. PCAOB Now Accepting Registration Information From Firms

The Public Company Accounting Oversight Board (PCAOB) is now accepting registration information from public accounting firms that plan to continue auditing publicly held companies. Domestic companies have until October 22, 2003 to register, with international firms getting an additional six months.

3. Computer Alerts: Get Your Patches Today!

The infections began spreading across the Internet this past Monday, and tens of thousands of computers were affected by mid-afternoon. Researchers fear this may reach epidemic proportions. Find out more today and get your patch!


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4. SEC Names New Chief Accountant

Nine months after SEC Chief Accountant Robert Herdman resigned amid controversy, the Securities and Exchange Commission has the appointment of a new Chief Accountant.

MORE NEWS. . .

5. Ohio Joins Three Other States in Suing Freddie Mac

6. BDO Seidman's Clients Try to Rescue Accounting Firms

7. ABA Gives Corporate Attorneys Whistleblower Permission

8. SEC Chief Accountant Clarifies Rules on Auditor Independence

9. Latest Identity Theft Scam Centers on Fake Loans

10. Track Advanced Child Tax Credit Checks on IRS Web Site

Visit the AccountingWEB News Page for the latest updates!

LAST WEEK'S HOT TOPICS

PLEASE NOTE: If you are trying to access materials on the AccountingWEB site, you may need to log into the site, if you have not already done so in the past few months. If you have forgotten your login information, let us remind you!

1. Survey: Lack of Personal Time is #1 Concern Among CPAs

2. Lawyers Balk at New SEC Rules

3. James Metzler Joins AICPA to Enhance Services To Small Firms

4. Another Blow is Struck Against Internet Taxes

5. How to Avoid Online Job Posting Identity Fraud

Click here for more Hot Topics on AccountingWEB

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Visit the AccountingWEB Question and Answer Forum for this week's topics. Post your comments and/or questions and lend a hand today!

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Upcoming CPE Webinars

Jul 24
In this presentation Excel expert David Ringstrom, CPA revisits the Excel feature you should be using, but probably aren't. The Table feature offers the ability to both boost the integrity of your spreadsheets, but reduce maintenance as well.
Jul 31
In this session Excel expert David Ringstrom helps beginners get up to speed in Microsoft Excel. However, even experienced Excel users will learn some new tricks, particularly when David discusses under-utilized aspects of Excel.
Aug 5
This webcast will focus on accounting and disclosure policies for various types of consolidations and business combinations.