Auditing / Internal Controls
The new rules will have a significant impact on how CPAs audit public companies. One factor that will bring about considerable change is the requirement that the auditor report on management’s written assertion about the effectiveness of its internal controls.
Practice Management / Succession Planning
Sole practitioner CPAs should have a practice continuation plan in place to cover clients and safeguard the value of the firm if circumstances prevent their working for a few months or push them into early retirement. Here’s how to protect what you’ve worked hard to build.
Fraud
The final step in establishing fraud and identifying the perpetrator involves interviewing employees—some connected to the crime, some not—in an ever contracting circle that leads to a confrontation with the suspect.
Business & Industry
The implementation of the Sarbanes-Oxley Act of 2002 means more corporate boards of directors will seek CPAs to serve on their audit committees. Here are the factors CPAs should consider to make sure the opportunity is a good one for them and the company.
Business & Industry / Technology
Selecting and installing accounting software for your client or company could be one of the most challenging tasks of your career. The product must exactly fit the organization’s needs. This article guides you through the search and evaluation process.
Professional Issues
Following the November administration of the test, the paper-based version of the CPA examination will pass into history. Succeeding it after years of preparation is a computerized examination that will be given for the first time on April 5, 2004. A series of questions and answers provides important information on this change and how to prepare for it.
Practice Management
Long, stressful hours during the tax season can be bad for your health. CPAs can take simple steps now—both at home and at work—to institute eating and exercise habits that will ease the pressure and make staying fit throughout busy season an attainable goal.