IASC issues list of terms to be used in XBRL-based financial reports ( www.iasc.org.uk/xbrl/index.html ).
Advertisement
The magazines
Self-Rent and Passive Losses
Since the enactment of the passive loss rules in 1986, taxpayers have sought ways to produce passive income so they could claim otherwise denied passive losses. The Treasury Department issued regulations to deter some obvious schemes. One regulation deals with self-rent activities. Recently the courts evaluated its validity. Chester Sidell
read_ex1
Exhibit 1: Independence and Expertise
Fraud
SEC crackdown on Internet securities fraud continues ( www.sec.gov/news/press/2001-24.txt ). SEC files suit against former CUC officers for filing allegedly false company income reports ( www.sec.gov/news/digest/02-28.txt ).
MBWA Is Alive and Well
I was stunned to read the following assertion in “Why the Boss Should Take a Walk” ( JofA Mar.01, page 112): “Some years ago a long-forgotten management guru even formulated a management style called Management by Walking Around. The technique never caught on, partly because the words were too prosaic
What You Should Know About AutoFill
Q. I know that Excel has this marvelous function—called AutoFill—that quickly and easily fills a series of cells with a progression of values. But I have trouble evoking it. Can you help me? And while you’re at it, can you tell me what else AutoFill can do? A. You’re right,
IRS Picks New Taxpayer Advocate
The IRS named Nina E. Olson as National Taxpayer Advocate to succeed W. Val Oveson, who left last fall to return to the private sector. The advocate’s office, now the Taxpayer Advocate Service (TAS), acts as a voice for taxpayers who, after having used all normal channels, still have matters
Execs Eye Going Solo
Source: Survey of 1,400 CFOs from a random sample of companies with more than 20 employees, RHI Management Resources, Menlo Park, California, www.rhimr.com .
Banking
For news from the AICPA and state societies, visit www.cpaweb.org , which also offers online CPE, AICPA professional literature, practice management aids and links to state society Web sites. Panel critiques Basel Committee’s proposed international capital standards for banks ( www.aei.org/shdw/shdw169.htm ). Draft IFAC standard focuses on roles of
Golden Business Ideas
Does Neat Equal Efficient ? Conventional wisdom equates a messy desk with a messy mind. Don’t you believe it; it’s just one more example of how conventional people are biased against unconventional thinkers. A recent survey of 1,000 successful executives found that only about half kept clean desks; a third
Not for Novices
The author of “Do It on the Web” ( JofA, Mar.01, page 43) is absolutely correct. Building your own Web site with off-the-shelf software is so simple that people with little or no system development experience can do it—and that can lead to disastrous results. As a CPA and certified
A Different Viewpoint
I read the letter “On the Uniform CPA Exam” ( JofA, Feb.01, page 14) and would like to address the statement that “the Big Five and large regional accounting firms rarely, if ever, recruit on non-Ivy-League campuses.” I graduated from Troy State University in 1989, and my graduating class alone
Speed Writing On A Palm
Q. On a recent airplane trip I noticed a woman writing on her Palm with unusual speed. Her stylus never seemed to move away from the Graffiti writing area to evoke commands. What’s the secret? A. The Graffiti menu command truly accelerates the Graffiti writing process. To evoke the menu
One Is, One Would and One Would Not
“Why Employees Commit Fraud,” ( JofA, Feb.01, page 89 ) leads me to ask a closely related question: Who is most likely to be an embezzler? According to the “rule of thirds,” a third of your employees are stealing from you right now, a third are kept in check only
A CPA’s Guide to the Top Issues in Technology
EXECUTIVE SUMMARY EACH YEAR, THE AICPA’s INFORMATION TECHNOLOGY team assembles a group of tech-savvy CPAs to identify the topics it believes will most affect the profession, its clients and employers. SECURITY AND PRIVACY are two of the group’s top technology issues for 2001, reflecting concern that existing measures are not
Acting Director Named to Head ETA
The IRS selected acting director Terence H. Lutes as the new director of the Electronic Tax Administration. The ETA oversees policy and security for electronic transactions, as well as the development of electronic services throughout the IRS. The ETA’s focus on minimizing paper transactions is a cornerstone of the IRS’s
read_ex5
Exhibit 5: Results Reviewed
Research Summary 11: Corporate Governance and Management Control Philosophy
uditors need to understand a client’s corporate governance structure and management control philosophy and how these factors affect their preplanning (for example, client acceptance, business risk) and planning judgments (such as extent and timing of testing). In this study, we asked 96 practicing auditors to evaluate a hypothetical case
read_ex2
Exhibit 2: Meeting Frequency
Having It All: How a Shift Toward Balance Affected CPAs and Firms
SPECIAL REPORT T en years ago, many CPAs would have considered any emphasis on issues such as work/life balance and women’s initiatives overly trendy. Today, these concerns are viewed as mission-critical by a profession that believes people are its primary competitive advantage. To meet the challenge of attracting and retaining
Features
SPONSORED REPORT
How to find the right CAS clients
The key to success with CAS is selecting the best clients. Tools like ideal client profiles (ICPs), buyer personas, and even artificial intelligence can help identify the businesses that best fit each CAS practice.
From The Tax Adviser
March 31, 2026
Current developments in taxation of individuals: Part 1
March 31, 2026
Current Developments in Taxation of Individuals: Part 1
March 6, 2026
