Business & Industry / Fraud
Recognizing the role of corporate managers in preventing illegal activities, the ASB included as an exhibit with SAS no. 99 a document titled Management Antifraud Programs and Controls: Guidance to Help Prevent, Deter, and Detect Fraud. The document, which was sponsored by seven organizations including the AICPA, outlines the measures a company should take to combat fraud.
Fraud
The author recounts his experience as an FBI agent investigating a bribery case involving a high-level state politician. Many of the classic warning signs of fraud that CPAs should recognize were there.
Business & Industry
Temporary CFOs continue to find work—and challenges—amid the upheaval in the business world. For CPAs who have the requisite expertise, these positions can offer financial rewards and career flexibility. Here’s what it takes to be a success.
Business & Industry / International Intellectual Property Management
Many enterprises with significant customers and suppliers outside the United States rely heavily on their intellectual property (IP) to expand markets, broaden product or service offerings and enhance the bottom line. CPAs can help them develop effective IP strategies that address many complex international issues including cash management, resource allocation, administrative simplification and cost containment.
Estate Planning
When CPAs prepare a deceased client’s estate tax return, they must proceed with caution to avoid some common pitfalls in areas such as which assets to include on the form, family limited partnerships and generation skipping transfers.
Disaster Preparedness / Practice Management
CPAs can help clients prepare so that if a cataclysm strikes, the financial lifeblood of communities will keep pumping. This article’s first-hand accounts from practitioners who’ve been there illustrate what businesses must deal with when calamities occur; its planning information applies to firms and clients.
In My Opinion / Investments
History shows that human behavior, as much as financial results, guides the performance of investment markets. CPAs must learn this important lesson or the clients they advise are doomed to repeat the failures of the past.
Practice Management
Statistics show employees of CPA firms move on at a rate of 7% (at small practices) to 28% (at large ones) per year. In this article, the author describes some costs of high employee turnover and lists simple tips that can help firms of any size keep their human resources from walking out the door.
Technology
Although there are many new technology gadgets out on the market, think twice before buying any. Your current setup may be ample to handle all your immediate needs.