Tech Taboos


A lthough e-mail and instant messages (IMs) are the electronic equivalent of DNA evidence, few companies consider the risks associated with them. In fact, according to a 2004 survey, one in five U.S. companies has had employee e-mails subpoenaed in lawsuits or regulatory investigations and 13% have battled workplace lawsuits triggered by employee e-mail.

What to do? Every firm should have a written policy explaining which e-mails and IMs employees should retain, as 41% of the surveyed organizations have done. You also should conduct e-mail policy training classes that explain what kind of content could conceivably damage a company in court.

Source: The American Management Association, www.amanet.org , and the ePolicy Institute, http://epolicyinstitute.com .

SPONSORED REPORT

Revenue recognition: A complex effort

Implementing the new standard requires careful judgment. Learn how to make significant accounting judgments and document them and collaborate with peers for consistent application.

VIDEO

How to Excel pivot a general ledger

The general ledger is a vast historical data archive of your company's financial activities, including revenue, expenses, adjustments, and account balances. J. Carlton Collins, CPA, shows how to prepare data for, and mine data with, PivotTables.

QUIZ

News quiz: Taking an economic snapshot and looking to the future

Recent news included IRS actions that affect individuals and partnerships and a possibly influential move by a Big Four accounting firm.Take this short quiz to see how much you know about the news.