January 1999 - Journal of Accountancy

EXECUTIVE SUMMARY FINANCIAL FRAUD HAS BEEN GETTING a lot of attention lately from investors, the press and the SEC. AUDIT COMMITTEE MEMBERS NEED A REFERENCE guide to perform their duties well. A good audit committee charter organizes committee members’ responsibilities, providing a systematic structure for discussions between the committee and

EXECUTIVE SUMMARY AS THEY PREPARE THEIR 1998 FINANCIAL STATEMENTS, most companies are only now implementing FASB Statement no. 131. Examining the segment disclosures of companies that implemented the statement early may help companies with their compliance efforts. OF THE U.S. COMPANIES INCLUDED IN THE Business Week Global 1,000, 14 are

EXECUTIVE SUMMARY SOME COMPANIES MAY HAVE OVERLOOKED the potential financial reporting impact of FASB Statement no. 131, which must be applied to 1998 financial statements. The statement requires companies to report financial and other information about their operating segments. STATEMENT NO. 131 IS LIKELY TO RESULT in companies reporting more

In an ongoing effort to meet the constantly changing needs of our clients, our CPA firm, Spoor, Doyle & Associates, began to provide investment advisory services on a fee-only basis in December 1997. It was a logical step for us to take. We had always taken great pride in the

EXECUTIVE SUMMARY TENNIS CORP. OF AMERICA owns or operates health, racquet, corporate fitness and wellness facilities in the United States and in Canada, overseeing a variety of clubs, from small operations to ones at General Motors and McDonald’s corporate offices. With a staff of about 25 employees, controller Frank Nusko

EXECUTIVE SUMMARY THE PROPER ALLOCATION OF RETIREMENT ASSETS is essential if investors are to have enough money, in qualified plans and other investments, for a comfortable and secure retirement. CPAs can help clients apply asset allocation techniques to retirement assets so a client’s portfolio is effectively distributed among money market