Professional Issues
Robert L. Bunting led his midsize regional firm to its current position as the 10th largest in the nation. As he begins his term as AICPA chairman, he is mindful of the needs of small and regional firms and the growing complexity of practice management in a diverse global marketplace.
Technology Workshop
Even CPAs with few technical skills can install wireless networks in their offices or homes to access computers, the Internet, printers and peripherals.
Education
How have graduate and undergraduate accounting programs responded to the corporate accounting scandals of several years ago? This article details the changes and reports on a survey of students showing a more positive attitude toward the profession.
Technology
Because RFID use still is in its infancy, CPAs have a unique opportunity to help their clients and employers understand how it will change inventory and supply chain management—and its inevitable effect on accounting and auditing methodologies.
Business Valuation / Litigation Issues
Quantifying damages in patent infringement cases can be a key part of a CPA’s forensic and litigation services practice. This article notes the available theories of recovery and describes acceptable methodologies for calculating lost profits for patent infringement.
Business Valuation / Consulting
Clients who hold intellectual property patents may need to have them appraised for tax, accounting and transactional purposes. This article provides valuators such as CPA/ABVs with a set of procedures useful in valuing U.S. utility patents.
Tax
Failure to deposit taxes withheld from employee paychecks can lead to disaster for management. This article describes the liability, and provides guidelines for avoiding it and steps to take when the IRS assesses the tax.