Nothing to Fear

BY JOHN W. GREEN

ON THE RECORD

John W. Green, CPA
Partner, Marcum & Kliegman LLP, Melville, N.Y.
Speaking at AccountantsWorlds CPE Symposium in New York

We ought to call Sarbanes-Oxley the CPA Employment Act of 2002. Ive been in public accounting since 1981 and Ive never seen anything like this. Next year, when the nonaccelerated filers have to comply with section 404, well probably see a similar resource issue. The large-cap companies will continue to suck up the resources of the Big Four firms and smaller companies will move downstreamand companies that wait too long to begin their 404 compliance may have difficulty finding qualified accountants. So nows the time for CPAs to be bold and fight the fear of losing a client over fees. Theres plenty of work out there.

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.