AccountingWEB Weekly News Wrap-up - Issue 60

The AccountingWEB Friday Wrap-Up Newswire - Issue 60

September 15, 2000

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* * This week's newswire is sponsored by Virtual Growth * *

http://www.virtualgrowth.com

IN THIS WEEK'S NEWSWIRE:

1. SEC Gives Big Five One More Day
2. The Tax People - Who Are They?
3. KPMG Chairman's Unspoken SEC Testimony
4. Spotlight on Frank Minter
5. Hewlett-Packard/PwC - It's a Done Deal!
6. Excel Tip: Change Formula to Actual Value
7. IT Alliance Conference Focuses on 'E-Positioning'
8. The Latest List - Top 100 CPA Firms
9. Domain Names for Sale?
10. Recruiting for Your Bottom Line

Editorial
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Before the SEC makes a final decision about the tough guidelines it is considering for accountants, limiting the scope of services that auditing firms may perform and still maintain their independence during audit engagements, AccountingWEB wants to offer those who have an opinion or questions about this complicated and potentially devastating issue an opportunity to voice their views in an OPEN FORUM. Representatives from the AICPA as well as accounting professionals from medium and large-sized firms will be available to present their sides of the issue and answer questions.

Join your colleagues this Tuesday morning, 11:00 a.m. Eastern time, at http://www.accountingweb.com,hear how these proposed rules will impact others, and share your thoughts on the subject. If you are unable to attend the forum, the complete transcript will be available on our site later in the day. If you have any questions, please do not hesitate to contact me.

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 calendar for these upcoming free workshops, and encourage others in your firm to join you online!
http://www.accountingweb.com/workshop

Tuesday, September 19, 11:00 Eastern Time -
OPEN FORUM: THE SEC AUDITOR INDEPENDENCE RULES
Featuring representatives from the AICPA, and other accounting professionals in an open discussion and Q&A regarding the impact of the proposed SEC guidelines.

Tuesday, September 19, 4:00-5:00 Eastern Time -
"Making Employee Training Work For You"
Presented by Christy Matheson of AtWork Solutions

Wednesday, September 20, 4:00-5:00 Eastern Time -
Student Workshop: "Resumes That Work With Today's Technology"
Presented by Susan Ireland, author of "The Complete Idiot's Guide to the Perfect Resume"

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1. SEC Gives Big Five One More Day
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Disgruntled Big Five accountants who feel they are being short-changed on speaking time at the SEC public hearings on auditor independence get one last chance to speak their minds.
http://www.accountingweb.com/item/26450/101

2. The Tax People - Who Are They?
We're not talking about tax accountants here. We're talking about a pyramid scheme to defraud the government of tax dollars. Is this group for real?
http://www.accountingweb.com/item/26448/101

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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. KPMG Chairman's Unspoken SEC Testimony
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KPMG Chairman Stephen G. Butler withdrew from the SEC auditor independence hearings claiming, "The Commission is not seriously interested in hearing my views." Well, we are - and here is a summary of the testimony that was never presented.
http://www.accountingweb.com/item/26428/101

4. Spotlight on Frank Minter
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Can a 70,000-member organization like the Institute of Management Accountants keep a former corporate accountant and teacher busy? Just ask Frank Minter, President of the IMA, whose passion for the organization drives him to believe the IMA is worth every penny of the annual dues.
http://www.accountingweb.com/item/26533/101

5. Hewlett-Packard/PwC - It's a Done Deal!
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Another Big 5 Firm has sold off its consultancy practice. Hewlett-Packard has agreed to purchase the PricewaterhouseCoopers consultancy group for $17.5 billion.
http://www.accountingweb.com/item/26389/101

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6. Excel Tip: Change Formula to Actual Value
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Is your formula your private property? Are there times when you provide spreadsheets for others to view but you don't want to display the underlying calculations?
http://www.accountingweb.com/item/26529/101

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GET COMPANY CREDIT REPORTS DIRECT FROM ACCOUNTINGWEB

You no longer have to search around the Internet for business reports. 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. IT Alliance Conference Focuses on 'E-Positioning'
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The IT Alliance's October conference in Naples, FL promises to keep attendees awake with events like, "Do you want to be a geek billionaire?" A super-charged group of speakers will help conference-goers make the shift from traditional consulting to E-positioning.
http://www.accountingweb.com/item/26391/101

8. The Latest List - Top 100 CPA Firms
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Who made the grade? PwC takes away top honors as the top-producing CPA firm in the nation. See the complete list of 100 top US CPA firms ranked by net revenue.
http://www.accountingweb.com/item/26385/101

9. Domain Names for Sale?
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Are you fed up with trying to find a domain name within the .com, .net, and .org suffix options? Are you willing to pay $50,000 for a new suffix? The group that assigns domain names is willing to offer new domain suffixes - but for a hefty fee.
http://www.accountingweb.com/item/26100/101

10. Recruiting for Your Bottom Line
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AccountingWEB's live workshop last Tuesday featured Tina Kersen Ferguson in a timely discussion about how to recruit and keep employees in a seller's market.
http://www.accountingweb.com/item/26417/101

Q&A Forum
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Whether you want to test your technical expertise or find an answer to a problem, Q&A Forum is the place to go. There are some fascinating queries along with answers which deserve to be in textbooks. Here are some of our latest teasers:

* An auditor is looking for new sampling software.

* Will a goal of maximizing stock conflict with other firm goals?

* Do you know where to find statistics about the ratio of visitors who are turned away from a web site?

* A small non-profit organization needs information about how to handle the accounting for a charitable remainder trust.

Visit the Q&A Forum and share your ideas!
http://www.accountingweb.com/help/anyanswers.html

Many thanks to Cheryl O'Brien, Majed Rafique, Harry Kafka, Stephen Soltys, Peter Doomen, Tom Watson, Gregory Price, Neil Guilmette, Bonnie Mann, Michael Heines, Fred Dillon, Shantelle Clark and Chantel Green for recent comments and answers to questions.

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On a final note...

We would like to thank a new AccountingWEB member, Eugene F. Cassady, for his kind words:
"I tried to retire about six years ago and some of my old and dear clients wanted me to stay in practice. As a result, I took over one of the empty bedrooms in our home and in went computers, copier, and modem for the Internet. I pride myself on the good job that I have been doing, but with the rapid changes in tax laws and accounting practice it has been difficult to follow all of the news and changes by myself. "I have had the AccountingWEB for only a couple of weeks and my self confidence in covering all bases in the accounting field have been greatly enhanced. This website has been my new research assistant and shortcut news analyst for me. My use of productive time has been greatly improved. Now I can do a top drawer job and still sneak out for a game of golf now and then."

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