Auditing / Technology
The AICPA computer auditing subcommittee presents 11 key technologies that can affect audit engagements. Learn about new issues that demand new controls.
Corporate Tax
New rules apply to the previously cumbersome process of requesting IRS approval for an accounting method change. CPAs should consider the planning opportunities now possible with their employers and clients.
Business & Industry
When one company acquires another, the internal auditors can play an important part in making sure the transaction proceeds in a way that ensures both parties will thrive as a result of the changes that follow. When NationsBank merged with Boatmen's Bank in 1997, its internal audit department helped save money by reducing consulting and audit fees, enhancing customer and employee retention and eliminating back-office duplication.
The Vision Process
As the CFO steering Harley-Davidson's financial services arm, Donna Zarcone has won accolades for her ability to win employees and dealers over in times of change—as well as for her entrepreneurial approach to business opportunities. Under her leadership, Harley has surged ahead on an open road to rapid growth and shows no signs of slowing down.
Technology
Electronic devices are getting more powerful and easier to use, which makes the work of CPAs go faster. This article lists some of the best time-saving equipment on the market.
Practice Management
Changes in the profession are leading to the demise of the up-or-out model. This alternative to the partnership track creates a nonpartner executive position designed to retain key employees. Case study: By making a CPA a director, one firm ended up retaining a high-level specialist who was not likely to become a partner.
International
More U.S. companies, large and small, are looking across borders to market and sell their products. However, companies doing business internationally can expose themselves dangerously to customs penalties. CPAs who manage, audit or review such companies must know more about how customs affects the bottom line, and how to minimize and manage U.S. Customs Service intervention.