AccountingWEB Weekly News Wrap-up - Issue 52

The AccountingWEB Friday Wrap-Up Newswire - Issue 52

July 21, 2000

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* * * This week's newswire is sponsored by Deltek * * *

http://www.deltek.com

In this week's newswire:

1. Tax Legislation Update - (Give This To Your Staff!)
2. Tax Accountants Missing the e-Mark
3. SEC Heats Up Investigation Into Auditor Independence Violations
4. Five CPA Firms Combine Forces To Create 13th Largest Firm
5. Top Book Recommendations for the Business-Minded
6. Break with Tradition - Pay for Performance!
7. Excel Tip: Alphabetize a Column of First and Last Names by Last Name
8. Robert Half & IMA Team for Member Benefits
9. AICPA Tapped to Help Form e-Security Measures
10. New Jobs for the New Economy

Editor's Note
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No one was sleeping in Congress this week. One bill after another, most of them tax-related, flew through the House and Senate, passing by wide margins. Are our senators and representatives serious about these changes or are they simply posturing for fall elections? Many of the bills that passed so easily in Congress are expected to land in a White House trash bin, but a few of them may just squeak by.

Our first story this week is a wrap-up of the major legislation that was addressed this week. We recommend that you not only read this story so that you'll be up to date on what's happening in Washington, but also pass the story on to your colleagues, business acquaintances, and clients.

Gail A. Perry
Managing Editor
mailto:gperry@accountingweb.com

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AccountingWEB's Online Workshop Schedule
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Be sure to mark your calendars for these upcoming workshops, and tell others in your firm who would benefit from these free sessions to join you online too!
http://www.accountingweb.com/workshop

July 25 4:00pm Eastern Time -
"10 Steps to Implementing a Client Service Strategy"
Featuring Stephanie Leon of Results Accountants' Systems

August 1 4:00pm Eastern Time -
"SysTrust"
Featuring Erin Mackler of the AICPA

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1. Tax Legislation Update - (Give This To Your Staff!)
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This past week has seen one bill after another fly through both the House and the Senate. Herewith, a wrap-up of the major legislation that seems guaranteed to keep accountants buzzing for weeks to come.
http://www.accountingweb.com/item/22508/101

2. Tax Accountants Missing the e-Mark
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A recent survey of the Fortune 1000 corporations by KPMG shows that only 24% of tax accountants and advisors are providing e-tax services that are necessary to the financial success of their employers and clients. What should a good tax accountant focus on in this cyber age?
http://www.accountingweb.com/item/22391/101

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This newswire will be read by thousands of accounting professionals this week. For advertising information, contact Ryan Carmen at mailto:rcarmen@accountingweb.com

3. SEC Investigates Auditor Independence Violations
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PricewaterhouseCoopers' client, MicroStrategy, is providing the setting for the SEC to attempt to prove their allegations that accounting firms providing consulting and auditing services to the same clients are slitting their own throats.
http://www.accountingweb.com/item/22281/101

4. Five CPA Firms Combine Forces To Create 13th Largest Firm
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In a deal valued at over $250 million, Centerprise Advisors Inc. has completed a deal bringing five CPA firms together, making it the 13th largest professional services firm in the country.
http://www.accountingweb.com/item/22504/101

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Does Your Boss Read Your E-Mail? Do You Track the Internet Activities of Your Employees?

Vote in Our Poll!

The American Management Association recently published the results of a study in which they found that nearly 75% of major U.S. firms monitor their employees' email, phone conversations, Internet connections, and other activities on the job. As an employee, are you concerned about having your employer monitor your communication and activities while at the workplace? As an employer, do you feel it is your right to know what your employees are doing when you are paying them to perform a job?

Take a moment to cast your vote today, and see how your peers are voting.
http://www.accountingweb.com/poll
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5. Top Book Recommendations for the Business-Minded
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Business Week just released a reading list of books recommended by top business professionals and educators. Are you ready to catch up on your summer reading with the books your peers are reading?
http://www.accountingweb.com/item/22459/101

6. Break with Tradition - Pay for Performance!
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Our workshop this week was hosted by Rex Gatto, of Gatto Training Associates. A psychologist, counselor, trainer, and business advisor, Dr. Gatto had plenty of informative advice about the concept of paying for performance and the positive effects this procedure can have on a business.
http://www.accountingweb.com/item/22291/101

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GET COMPANY CREDIT REPORTS DIRECT FROM ACCOUNTINGWEB

Dun & Bradstreet reports are now available to you on a pay-per-view basis on AccountingWEB to help you do your job better, quicker and easier. Find D&B Rating, company history, and operation performance; special events, payment patterns, and company changes; the firm's recent financial history, including any public filings and lending experiences; and an overview of the company's history. Reports start at $25. Go to:
http://www.accountingweb.com/winstar/duncred.html
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7. Excel Tip: Alphabetize a Column of First and Last Names by Last Name
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If you have entered a list of first and last names in a column in your Excel spreadsheet, and you wish to alphabetize the column by the last name, there's a quick Excel formula you can enter that will do the job.
http://www.accountingweb.com/item/22509/101

8. Robert Half & IMA Team for Member Benefits
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Robert Half has strengthened its foothold in the accounting industry by becoming a human resources partner with the Institute of Management Accountants.
http://www.accountingweb.com/item/22454/101

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Deltek's award-winning software solutions make accounting professionals more efficient and productive. A leading provider for nearly two decades, Deltek supports 5,000+ customers worldwide with premium software implementation, maintenance, training, technical support and practice management consulting services. Check us out at http://www.deltek.com.

9. AICPA Tapped to Help Form e-Security Measures
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The National Security Council's Critical Infrastructure Assurance Office has chosen the AICPA as one of several groups to meet with to discuss the hot issue of cyber-security.
http://www.accountingweb.com/item/22449/101

10. New Jobs for the New Economy
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Here's a list of the ten fastest growing occupations. Do any of these sound like your job? And while you're pondering this list, here's another list of the ten occupations most likely to show a decline. The list of declining jobs includes a dire prediction for the bookkeeping, accounting, and auditing professions.
http://www.accountingweb.com/item/22071/101

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