1. House Speaker Hints of Eliminating Income Tax, IRS
2. Thousands Fail First Level of the CFA Exam
3. AICPA Ethics Committee Proposes Outsourcing Disclosure Rule
4. FCC Approves Rules to End Wireless Spam
5. Victims of ID Theft Applaud New Way to "Freeze" Credit Reports
6. Treasury Department Answers Schedule M-3 Questions
7. Companies Struggle with New Chief Compliance Officer Position
8. IRS Reissues Warning on Identity Theft Scheme
9. Report: Thousands of Unique Phishing Attacks Occurred in June
10. Federal Pension Agency May Have Money Belonging to You
11. Washington State CPA Firm Wins Practice Innovation Award
12. New Faces in Bankruptcy Court: The Middle-Aged
13. CPA Candidates, Educators can get Access to Free Professional Literature

1. Information Rights Mgmt: Does It Have a Place in Your Firm?
2. Tips for Loss Prevention Policies
3. Energizing Your Practice Group Meetings

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1. House Speaker Hints of Eliminating Income Tax, IRS

House Speaker J. Dennis Hastert (R-Ill.) supports ending the income tax and replacing it with a national sales tax, a flat tax or a value-added tax. Hastert promotes the idea in his new autobiography, "Speaker: Lessons From Forty Years in Coaching and Politics." What are your thoughts?

2. Thousands Fail First Level of the CFA Exam

Just 34 percent of the 35,000 financial industry professionals who took the first section of the Chartered Financial Analyst (CFA) exam this spring passed, which represents the highest failure rate since the test began in 1963.

3. AICPA Ethics Committee Proposes Outsourcing Disclosure Rule

The Professional Ethics Executive Committee of the AICPA is proposing a rule that would require Institute members to disclose to their clients the outsourcing of professional services.

Expert insight on managing your practice, growing your business, professional development and personal improvement is just a click away for AccountingWEB Premium subscribers. Access to the growing library of the latest insights, ideas and tools is available for only $49 a year, just $4 a month. Find out more today.

4. FCC Approves Rules to End Wireless Spam

Taking a further step to crack down on unwanted spam, the Federal Communications Commission (FCC) approved rules last week that will prevent marketers from sending unsolicited messages to wireless phones and other devices without the express consent of a consumer.

5. Victims of ID Theft Applaud New Way to "Freeze" Credit Reports

Bridget Thomas of Prairieville, Louisiana, lobbied for a way to block access to credit reports in her state after she was badly burned by identity theft that destroyed her credit status.

MORE RESOURCES...

6. Treasury Department Answers Schedule M-3 Questions
7. Companies Struggle with New Chief Compliance Officer Position
8. IRS Reissues Consumer Warning on Identity Theft Scheme
9. Report: Thousands of Unique Phishing Attacks Occurred in June
10. Federal Pension Agency May Have Money Belonging to You
11. Washington State CPA Firm Wins Practice Innovation Award
12. New Faces in Bankruptcy Court: The Middle-Aged
13. CPA Candidates, Educators can get Access to Free Professional Literature
14. Book Recommendation: Leadership Secrets of the World's Most Successful CEOs, by Eric Yaverbaum

Who knows what it really takes to be an effective leader in today's business world? The most successful CEOs do. They are the men and women who run the number one or two corporation in their industry or market niche. Leadership is such a vital skill that four out of ten U.S. corporations now have some sort of formal leadership training program in place. Each chapter features a top CEO who reveals in quick-read fashion his or her most powerful leadership technique. Each interview includes a summary and explanation of the CEO's most powerful "leadership secret", and each section can be read- and its leadership secret learned-in less than five minutes. Order Your Copy Today!

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

1. Web Information Rights Mgmt: Does It Have a Place in Your Firm?

Imagine this scenario: You have two clients, both leaders in their business niche, who are intense local competitors with one another. One of them sends you an e-mail asking for a copy of a projection you have done for them. You find the document on your network, attach it to the e-mail reply and send it. Only once it's gone do you realize with horror that you have mistakenly attached a confidential projection for the competitor instead of the one you meant to send! Disaster has struck! What can you do to recover?

2. Tips for Loss Prevention Policies

This article covers some of the hazards of incorrectly conducted employment searches and suggestions that should be considered when drafting a loss prevention policy.

3. Energizing Your Practice Group Meetings

It can be very challenging to manage a group of professionals with different substantive skills, diverse experiences, a variety of work styles, and sometimes-conflicting priorities. Nowhere is this more visible than in the fundamental workings of practice group meetings.

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1. New Law Means Speedy Clearing of Checks
2. Corporate Scandals Attract Students to Accounting
3. SEC Considers Extending 60-Day Reporting Rule
4. IRS to Appeal Accounting Decision to Raise Accounting Qualifications of New Hires
5. IRS Statistics of Income Released; Includes IRA's & Tax Rates

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