Resource Guide - Issue 150

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THIS WEEK'S RESOURCES
  1. SEC, PCAOB Offer FAQs and Answers to Auditing Standard No. 2
  2. Majority of Internal Auditors Identified Gaps in Internal Controls
  3. FASB Issues Proposal on Fair Value Measurements
  4. Consumers Don't Have a Good Understanding of Check 21 Law & Its Impact
  5. How Sarbanes-Oxley Affects Merger Considerations
  6. IRS Commissioner's Testimony: Charitable Giving Best Practices
  7. Industry Leaders Form Group to Combat Online Fraud
  8. Microsoft Updates Great Plains Accounting Software
  9. Anti-Spyware Bill Moves Forward
  10. E-mail Providers Team-Up to Help Fix “Broken” Systems
  11. Executives Reveal Biggest Mistakes Made as Supervisors
  12. Tips For Small Biz Owners & Summer Vacations, Don't Worry, Plan!
  13. Business Survey Finds Health Care Costs "Out of Control"
  14. Book Recommendation: The First 90 Days: Critical Success Strategies for New Leaders at All Levels

PREMIUM SUBSCRIBER CONTENT
  1. What Your Staff Needs to Know When Dealing with Clients
  2. Top Mistakes Companies Make in Computer Crime Prevention
  3. Daily Habits for Developing the Art of Leadership
  4. Top Ten Strategies for Boosting Small Biz Profits

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FREE SUBSCRIBER RESOURCES
  1. SEC, PCAOB Offer FAQs and Answers to Auditing Standard No. 2

The Securities and Exchange Commission (SEC) and the Public Company Accounting Oversight Board (PCAOB) have released two sets of frequently asked questions and answers to help practitioners implement the new auditing standard approved by the SEC last week.

  1. Majority of Internal Auditors Identified Gaps in Internal Controls

A leading provider of professional services, including those related to Sarbanes-Oxley compliance and corporate governance, says a recent survey shows 92% of internal auditors polled have identified gaps in their own organization's internal controls. These gaps will need to be remediated and retested prior to Section 404 deadlines in November.

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  1. FASB Issues Proposal on Fair Value Measurements

In response to requests from constituents to improve the current guidance for measuring fair value, the Financial Accounting Standards Board (FASB) has published an Exposure Draft, Fair Value Measurements.

  1. Consumers Don't Have a Good Understanding of Check 21 Law & Its Impact

A recent consumer poll conducted by Harris Interactive confirmed what many financial industry insiders already know: Most consumers are completely unaware of the Check Clearing for the 21st Century Act (Check 21), and its potential impact on their current banking practices.

  1. How Sarbanes-Oxley Affects Merger Considerations

Two attorneys analyze the ways in which the law could impact companies' merger activity - including internal control issues and public company deals for private firms.

MORE RESOURCES...

  1. IRS Commissioner's Testimony: Charitable Giving Problems & Best Practices
  2. Industry Leaders Form Group to Combat Online Fraud
  3. Microsoft Updates Great Plains Accounting Software
  4. Anti-Spyware Bill Moves Forward
  5. E-mail Providers Team-Up to Help Fix “Broken” Systems
  6. Executives Reveal Biggest Mistakes They've Made as Supervisors
  7. Tips For Small Biz Owners & Summer Vacations, Don't Worry, Plan!
  8. Business Survey Finds Health Care Costs "Out of Control"
  9. Book Recommendation: The First 90 Days: Critical Success Strategies for New Leaders at All Levels, by Michael Watkins

This earnest guide to career transition periods-when a new job or promotion puts an employee in an unfamiliar role-asserts, reassuringly, that navigating the all-important first 90 days is a "teachable skill." Business professor Watkins, co-author of Right From the Start: Taking Charge in a New Leadership Role, lays out a "standard framework" for leadership transitions, based on "five fundamental propositions," "ten key challenges," and a four-fold typology of situations that new
managers find themselves in.

$$ PREMIUM SUBSCRIPTION CONTENT $$

See a sampling of this week's featured content below. Subscribe today for only $49/year.

  1. What Your Staff Needs to Know When Dealing with Clients

We have outlined a few ideas that every business should consider when designing policies and procedures to deal with customers/clients.

  1. Top Mistakes Companies Make in Computer Crime Prevention

Somehow, when it comes to computer crime, common logic gets neutralized among top managers. Most think it's enough to spend a few thousand dollars on firewalls, anti-virus (AV) software and intrusion detection software (IDS)…but is it?

  1. Daily Habits for Developing the Art of Leadership

Many people are born leaders, yet the ability to lead is actually an art and an amazing collection of skills which can be learned and sharpened. The following top ten daily habits will help you and/or your clients grow as a leader personally, professionally, and spiritually.

  1. Top Ten Strategies for Boosting Small Biz Profits

No matter what stage your small business is in, one thing is for sure: money matters! These ten tips will guide you to maximizing profits from your small business while becoming a biz expert one day at a time.

HOT TOPICS

  1. PCAOB Finds 'Significant’ Issues in Review of Big 4 Audits
  2. SEC Approves PCAOB Auditing Standard No. 2
  3. House Passes Bill Allowing More Child Care Savings
  4. Many Companies Fail to Achieve Success with Pay-for-Performance Programs
  5. Jury Awards $6.4M in Damages against Payroll Service Provider

ACCOUNTINGWEB Q & A FORUM

Below is sampling of questions in the AccountingWEB Q&A Forum. Lend a hand to a fellow member today.

  1. Building Expenses for New Business.

  2. After hearing several different views on treatment of booking expenses incurred (i.e. actual building costs, land developers, surveyors, the general master contractor fees, architects, permits, sewer & soil testing...) for new business startups, is there one true rule that protects the integrity of the P&L & the balance sheet as far as value of assets and over inflation of monthly financial reports? Add your comment

  3. Equity Monies.

  4. When filing a Federal Tax Return for a year that a home has been refinanced and equity cashed out - where are these monies accounted for on the return - Other Income? Add your comment

  • MORE Q&A

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