For the Practicing Auditor
Consulting / Litigation
A visual approach for both the planning stage of the lawsuit and during testimony can help a CPA succeed on the witness stand.
Investments
How are CPA/financial planners helping their clients weather the first significant bear market in a decade? Most are meeting the challenge with equal parts of diversification, perspiration and inspiration. At the same time they are laying the groundwork so clients will be better prepared for the next market decline.
Tax
To provide taxpayers with guidance on certain like-kind exchanges, the IRS issued revenue procedure 2000-37 in September 2000. The ruling outlines the steps and requirements taxpayers must follow to complete a “parking exchange,” a particular kind of section 1031 exchange.
Tax
For the Practicing Auditor
Personal Financial Planning
CPAs who advise their clients on investment products and services may need to register with the SEC or a state agency. This article offers some guidance on what kind of activity will—and will not—trigger the need to register.
Technology
The big drawback to a conventional local area network is the need to tether each computer to a cable. Now advances in technology make it practical to unplug and go wireless—remaining in touch with your network’s files and the Internet.
Tax
Insurance Issues
With agents focused on closing the deal, CPAs can help clients avoid costly transaction mistakes.
Fraud
Huge sums of money from Persian Gulf government agencies allegedly had been embezzled for more than a decade. Members of a CPA firm traveled to the Middle East to help the client’s attorneys build a case for recovering them.
Financial Planning Consulting / Practice Management
The Web has revolutionized the retail securities marketplace and is rapidly changing the financial arenas in which CPAs and their clients interact. Here’s some of what it can do for CPA/financial planners and investors.
Fraud
Plugging numbers from a financial statement into certain formulas can yield clues or even telltale signs there’s manipulation going on in a company. The ZZZZ Best case is a perfect example of what auditors could have uncovered if they’d had a more recently developed set of ratios to use.