The AICPA presented Gold Medals for Distinguished Service—its highest award—to Olivia Kirtley, CPA, former Institute chairperson, and Doyle Z. Williams, CPA, dean of the University of Arkansas’s Sam M. Walton College of Business, during the fall council meeting.
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Set The Correct Time On Your Computer Automatically
If you have Windows 2000 or later, Windows can be set to automatically adjust the clock’s time for you. Every time you connect to the Internet, it will search out the exact time and reset your clock. To program Windows to do that, just right-click on the time in the
NewsDigestArticle
January 2003 > News Digest 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. ACCOUNTING AcSEC, the AICPA accounting standards executive committee, in agreement with FASB and
Letters To The Editor
Letters to the Editor The JofA encourages readers to write letters on important professional issues in addition to comments on published articles. Because space is limited, letters submitted for publication should be no longer than 500 words. Please include telephone and fax numbers.
Four Enter Hall of Fame
The AICPA and Ajilon Finance, which provides accounting and financial staffing services, inducted several CPAs into the Institute’s Business & Industry Hall of Fame in October: Don L. Blankenship, Larry Weber, Vernon D. Evans and Joseph T. Wells. The awards recognize the inductees’ commitment, business knowledge, accounting expertise and integrity.
What’s Hot, What’s Not.
o be successful financial planners and investment advisers, CPAs must keep up with a wide range of changes in investment products, technology, economic conditions and client management techniques. While the body of required knowledge may at times seem overwhelming, much of it is in fact just common sense. Here are
Auditing
The ASB issues Statement on Auditing Standards no. 100, Interim Financial Information, replacing SAS no. 71, with the same title. The new standard provides additional guidance on performing reviews of interim financial information and incorporates the SEC’s requirement for timely filing of interim data. It also includes recommendations from the
Smart Stops on the Web
INVESTMENT SITES Understand Where the Money Goes www.investoreducation.org The Alliance for Investor Education Web site gives investors as well as brokers and CPAs in personal financial planning information on bonds, futures, mutual funds and stocks, and online calculators and quizzes. E-School’s in Session www.investing.rutgers.edu For beginners “with small dollar amounts
Don’t Volunteer for Trouble
EXECUTIVE SUMMARY MANY CPA VOLUNTEERS AT NPOs ASSUME state and federal laws protect them from legal liability. However, unpaid workers and board members aren’t protected if an NPO violates federal or state civil rights laws or in instances where sexual offenses occur, for example. BOARD MEMBERS SHOULD BE CAREFUL about
Easy Way To Save Multiple Emails In Outlook
Q. As much as I like Outlook, it does have some shortcomings. For me the most serious is the way it stores received e-mails: They all are saved in one file along with my calendar and contacts and sent e-mails. As a result, the file grows to elephantine proportions, and
Auditors’ Responsibility for Fraud Detection.
Auditors will enter a much expanded arena of procedures to detect fraud as they implement SAS no. 99. The new standard aims to have the auditor’s consideration of fraud seamlessly blended into the audit process and continually updated until the audit’s completion. SAS no. 99 describes a process in which
A Napster for Financial Data?
EXECUTIVE SUMMARY IN THE NOT-TOO-DISTANT FUTURE, you may be able, with just a few mouse clicks, to access any public company’s financial reports in extraordinary detail and for any period. In addition, you may be able to perform an array of instant analyses of those data. THE UNDERLYING TECHNOLOGY is
An IRA Distribution or Not?
W hen a taxpayer takes a cash distribution from a regular individual retirement account (IRA), the entire amount is gross income unless part of the distribution represents a return of his or her nondeductible contributions. Suppose the IRA custodian sends a taxpayer a check payable to a third party, the
Get Word To Provide Format Information Like WordPerfect Does
Then, click on the paragraph in which you want the formatting revealed, and it produces the following:’ You also can set up a toolbar button that toggles the screen of selected text. Here’s how to set up such a button: Go to Tools, Customize , and if it’s not already
AICPA Educates Women About PFS Value
Carving a niche for PFS…Hall of Fame grows…Gold Medal winners named…Institute seeks “top educator” nominations…Medal of Honor awarded…Tax excellence recognized. AICPA Educates Women About PFS Value January 13 marks the beginning of the Institute’s second annual Women’s Financial Health Week public education campaign ( www.womensfinancialhealthweek.com ) in support of the
Padwe Wins Top Tax Award
Gerald W. Padwe, CPA, right, vice-president of taxes, received from Robert A. Zarzar, CPA, chairman of the tax executive committee, the Institute’s Arthur J. Dixon award, the profession’s highest honor for achievement in the area of taxation. The annual prize is in memory of a CPA known for his outstanding
FYI
Four practitioners replace departing members of the ASB. The appointees are Kenneth Macias, William F. Messier Jr., Steven L. Schenbeck and Michael T. Umscheid.
When Are ERP Costs Deductible?
TAX BRIEF T he IRS normally takes the position that businesses must capitalize the cost of enterprise-resource-planning software (ERP) and amortize it over 36 months. ERP software incorporates financial accounting, inventory control, production, sales and distribution and human resources modules. In a recent letter ruling, the IRS explained the
Timely Refund Claims
TAX CASES P roper tax practice requires CPAs and clients to file necessary forms within prescribed deadlines. One such deadline is the one in IRC section 6511 for filing refund claims. The Ninth Circuit Court of Appeals recently reversed its own 1994 decision concerning the applicable deadline for filing such
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