AccountingWEB Weekly News Wrap-up - Issue 69

The AccountingWEB Friday Wrap-Up Newswire - Issue 69

November 17, 2000

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* * This week's newswire is sponsored by Global Tax Network * *

http://www.globaltaxnetwork.com


**LATEST NEWS***LATEST NEWS***LATEST NEWS**

1. SEC Issues Final Rules on Auditor Independence
2. Cognitor Designation Discussed During Live Webcast
3. Marketing Tip: Never Underestimate the Telephone
4. Is E-Commerce Profitable Commerce?
5. Excel: Favorite Tips and Your Questions Answered
6. Internet Companies May be Circumventing Income Tax Rules
7. Who's Going to be the Next President?
8. Searching for Interns or Internships?
9. Best Cities for Businesses
10. HP Drops Bid for PwC Consultancy

Editorial
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Those of you who have been following the saga of the SEC's changes to the auditor independence guidelines are probably not surprised at the outcome of this week's SEC vote. New guidelines will go into place after the first of the year. CPA firms will not be required to sell off their consultancy practices (even though several already have), and stricter application of independence rules will have to be followed.

This is Arthur Levitt's swan song, his legacy to the accounting profession. Whatever you think of the man, you must admit he is committed, driven, and relentless. He never stopped until he achieved his goal.

Gail Perry
Managing Editor

gperry@accountingweb.com

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AccountingWEB's Online Workshop Schedule
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Be sure to mark your calendar for these upcoming free workshops, and encourage others in your firm to join you online! All workshops are from 4:00 - 5:00 Eastern Time
http://www.accountingweb.com/workshop

Tuesday, November 21
"8 Steps to Implementing Change and Changing Your Organization"
Presenter: Jennifer Dayce & Brooks Parker, Results Accountants' Systems
Sponsor: Arthur Andersen
http://www.arthurandersen.com

Tuesday, November 28, 2000
"Creating Effective Resumes"
Presenter: Robbie Kaplan, author of "Sure-Hire Resumes" and "Resume Short-Cuts: How to Quickly Communicate your Qualifications with Powerful Words and Phrases"

Wednesday, November 29, 2000
"The Importance of Advanced Degrees"
Presenter: Rob Chabot, M.Acc., Academic Program Counselor, Ohio State University

Thursday, November 30, 2000
"Providing Benefits that can Really Help Your Employees"
Presenter: Brogan Van Kleef, Prepaid Legal
Sponsor: Arthur Andersen
http://www.arthurandersen.com

Are you interested in presenting an AccountingWEB workshop? We are always looking for experts with a perspective to share with our members. Please contact me if you would like more information.
Gail A. Perry
Managing Editor
gperry@accountingweb.com

Did you know that you can utilize the AccountingWEB workshop room for live press conferences, meetings, and online in-house training when geographic constraints prevent a group from meeting in person?
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1. SEC Issues Final Rules on Auditor Independence
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The SEC voted unanimously to approve new, stricter guidelines for auditors. The AICPA and four of the Big Five firms acquiesced in accepting the rules; KPMG still thinks they're unnecessary.
http://www.accountingweb.com/item/31627/101

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2. Cognitor Designation Discussed During Live Webcast
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Michael Rosedale, CEO of CPADirectory.com faced off with the AICPA in a live webcast at which the controversial cognitor designation was discussed.
http://www.accountingweb.com/item/31283/101

VOTE IN OUR POLL:

What percentage of your clients and customers do you communicate with by e-mail? Vote now: http://www.accountingweb.com/poll

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3. Marketing Tip: Never Underestimate the Telephone
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Every phone call to your business is another opportunity for marketing. Here are some important tips to help you make the most of the phone calls you receive each day.
http://www.accountingweb.com/item/31465/101

FREE OFFER


Global Tax Network provides an easy and convenient Online Tax Organizer and an impressive online presence for tax firms of all sizes. Increase the efficiency and effectiveness of your tax practice by downloading client data directly into your tax software. Nominal annual fee charged for each client that uses the Online Tax Organizer. Visit us at http://www.globaltaxnetwork.com to sign up for your FREE account!


This newswire will be read by thousands of accounting professionals this week. For advertising information, contact Sales at sales@accountingweb.com

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4. Is E-Commerce Profitable Commerce?
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Are your clients considering moving some or all of their business to the Net? Do you have a new stable of online clients? Add e-value to your client relationship. Robert Gold presented a live workshop in which he discussed the value of e-commerce.
http://www.accountingweb.com/item/30786/101

Did you know that you can take online CPE courses at AccountingWEB? Go to http://www.accountingweb.com/cpe

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5. Excel: 20 Favorite Tips!
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Gail Perry presented a live workshop in which she shared some of her favorite Excel tips, and answered participants' questions.
http://www.accountingweb.com/item/31535/101

Did you know that AccountingWEB has a whole section devoted to Excel Tips and Tricks? Check it out at
http://www.accountingweb.com/expertguides/excelzoneit.html

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6. Internet Companies May be Circumventing Income Tax Rules
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The IRS is examining the issue of noncompliance among companies doing business over the Internet, and its findings may surprise you.
http://www.accountingweb.com/item/31624/101

FREE OFFER


Global Tax Network provides an easy and convenient Online Tax Organizer and an impressive online presence for tax firms of all sizes. Increase the efficiency and effectiveness of your tax practice by downloading client data directly into your tax software. Nominal annual fee charged for each client that uses the Online Tax Organizer. Visit us at http://www.globaltaxnetwork.com to sign up for your FREE account!

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7. Who's Going to Be the Next President?
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It's anybody's guess, but here's the latest as this newswire went to press.
http://www.accountingweb.com/item/30958/101

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8. Searching for Interns or Internships?
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Are you a student in search of an internship? Are you an employer wondering if you're offering the experience and skills your interns need? Here's one place where you can find some answers.
http://www.accountingweb.com/item/31507/101

Did you know that you can get company information on AccountingWEB? Go to http://www.accountingweb.com/winstar

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9. Best Cities for Businesses
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Thinking of relocating your business? Fortune Magazine has chosen the best business locations around the world.
http://www.accountingweb.com/item/31479/101

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10. HP Drops Bid for PwC Consultancy
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HP's less than splendid fourth quarter earnings have caused the computer giant to rethink its acquisition of PwC Consulting.
http://www.accountingweb.com/item/31339/101

Q&A Forum
========================

Whether you want to test your technical expertise or find an answer to a problem, AccountingWEB's Q&A Forum is the place to go. Here are some of our latest questions. Click on the link(s) below to offer your insight:

* Can an LLP depreciate leasehold improvements when they lease from an LLC comprised of the same members?
http://www.accountingweb.com/item/31228/101

* A university student needs some guidance in analyzing direct labor, direct material, and overhead costs.
http://www.accountingweb.com/item/31659/101

* What standards should be followed when auditing agriculture farms?
http://www.accountingweb.com/item/31635/101

* May a business league or its members engage in political activity without jeopardizing tax-exempt status?
http://www.accountingweb.com/item/31228/101

Visit the Q&A Forum and share your ideas! Simply click on the Add Comments option at the bottom of any question to add your response.
http://www.accountingweb.com/help/anyanswers.html

Many thanks to A. Johnson, John Clemson, Vivian Seidner, Jim Donald, Barry Shrut, Sally Young, and Martin Ronald James Collyer for recent comments and answers to questions.

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Upcoming CPE Webinars

Sep 24
In this jam-packed presentation Excel expert David Ringstrom, CPA will give you a crash-course in creating spreadsheet-based dashboards. A dashboard condenses large amounts of data into a compact space, yet enables the end user to easily drill down into details when warranted.
Sep 30
This webcast will include discussions of important issues in SSARS No. 19 and the current status of proposed changes by the Accounting and Review Services Committee in these statements.
Oct 21
Kristen Rampe will share how to speak and write more effectively by understanding your own and your audience's communication style.
Oct 23
Amber Setter will show the value of leadership assessments as tools for individual and organizational leadership development initiatives.