Accounting


For news from the AICPA and state societies, visit www.cpa2biz.com , which also offers online CPE, AICPA professional literature, practice management aids and links to state society Web sites.

The Financial Accounting Standards Advisory Council (FASAC) releases the results of its annual survey, which asks council and FASB members to rank current FASB projects by priority. Respondents deemed the following topics most worthy of the board’s attention this year: business combinations and application of the purchase method of accounting, liability and revenue recognition, codification and simplification of GAAP and standards overload. ( www.fasb.org/fasac/resultpg2001.html)

SPONSORED REPORT

Keeping client information safe in an age of scams and security threats

A look at the Dirty Dozen tax scams and ways to protect taxpayer information.

TAX PRACTICE CORNER

More R&D tax help

"Can I use the R&D credit?" PATH Act enhancements make the credit more attractive to a wider range of taxpayers.

QUIZ

Learn to choose between ‘who’ and ‘whom’

Writers can stumble over who and whom (or whoever and whomever). If you write for business, this quiz can help make your copy above reproach.