News Wrap-Up - Issue 268

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THIS WEEK'S NEWS
  1. Court Sides with Coltec in Tax-Shelter Lawsuit
  2. DaimlerChrysler Hit with Whistleblower Suit, Investigation
  3. NAACP Chairman's Statements Endanger Tax-Free Status
  4. Recent Report Shows Drop in IRS Corporate Audits
  5. Grant Thornton, Bank of America Seek to Counter-Sue Parmalat
  6. BDO Appoints New Chief Executive, Chairman
  7. EU Proposes New Rules to Prevent Corporate Scandals
  8. University to Receive $222M in Enron-Related Settlement
  9. Wells Fargo Customer Data on Stolen Computers
  10. Atlanta Businessman Convicted for Tax Fraud Conspiracy
  11. SEC Delays Plan to Oversee Bank Brokerages
  12. Former E&Y Audit Partner Faces Five Years on Obstruction

Check out the News Page for this week's news and more.

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**PLATT'S PERSPECTIVE**

It's over! The long, drawn out presidential campaign is finally over! We'll now find out if the pundits were right about the economy lunging forward now that the uncertainty of who our next President will be has been resolved.

It's a great time to get in touch with your clients and be a catalyst in helping them move from "uncertainty mode" to "well-thought-out investment mode".

Send a letter and make an appointment to meet with your top clients to advise them in the possible business implications as well as the personal investment implications of a second Bush term. Let's get this economy(and your practice) rolling!

Michael Platt
Founder, AccountingWEB, Inc.
editor@accountingweb.com

THIS WEEK'S NEWS
  1. Court Sides with Coltec in Tax-Shelter Lawsuit

For the second time in two weeks, a federal court has handed the Internal Revenue Service a major setback in its fight against abusive tax shelters.

  1. DaimlerChrysler Hit with Whistleblower Suit, Investigation

A whistleblower complaint has prompted a Securities and Exchange Commission investigation of DaimlerChrysler AG, over possible violations of federal anti-bribery laws.

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  1. NAACP Chairman's Statements Endanger Tax-Free Status

Criticism of the Bush administration by NAACP chairman Julian Bond may have put the organization's tax-free status in jeopardy. Earlier this month, the IRS sent a letter to the NAACP, singling out statements Bond made at the organization's annual meeting in July.

  1. Recent Report Shows Drop in IRS Corporate Audits

Results of a recent examination of government data by Syracuse University's Transactional Records Access Clearinghouse show that the Internal Revenue Service has performed fewer corporate audits in the first six months of fiscal 2004.

  1. Grant Thornton, Bank of America Seek to Counter-Sue Parmalat

Grant Thornton and Bank of America are seeking court permission to counter-sue failed dairy group Parmalat, which has filed massive suits against each of the companies.

MORE HEADLINES...

  1. BDO Appoints New Chief Executive, Chairman
  2. EU Proposes New Rules to Prevent Corporate Scandals
  3. University to Receive $222M in Enron-Related Settlement
  4. Wells Fargo Customer Data on Stolen Computers
  5. Atlanta Businessman Convicted for Tax Fraud Conspiracy
  6. SEC Delays Plan to Oversee Bank Brokerages
  7. Former E&Y Audit Partner Faces Five Years on Obstruction

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  1. How to Develop a Good Management Succession Plan
  2. Navigating the Whitewater of Internal Politics
  3. Fraud Detection is not Just by the Numbers

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  1. 2005 Accounting and Finance Salary Guide Now Available
  2. CA Man Gets Prison Term for Harassing Female IRS Agent
  3. Credit Card Access to 401(k) Savings on the Way
  4. IRS Highlights Examples of Abusive Return Preparer Investigations
  5. "Renaissance, the Tax People" Promoters Indicted for $84M Tax Fraud

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