EXECUTIVE SUMMARY THE SEC REGULATES THE ADVERTISEMENTS investment advisers create to promote their services under rule 206(4)-1 of the Investment Adviser Act of 1940. The goal is to prevent advertisements that are false and misleading. RULE 206(4)-1(a) INCLUDES FIVE RESTRICTIONS advisers must follow. They can overcome two of these restrictions
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The magazines
Smart Stops on the Web
SMART STOPS ON THE WEB Resources Revisited www.bvresources.com First listed as a Smart Stop a year ago this issue, this Web site still offers CPAs and business valuation (BV) professionals all the features they have come to expect, such as its BVLibrary, definition of the week, online forums, and gratis
Proud of Public Accounting Background
I must take issue with the letter “ Retention of CPA Employees ” ( JofA , Aug.03, page 14). If I understand the position taken by the letter writer, it is that the (public) accounting profession has driven away its employees by lack of training and expecting them to “put
Evaluating Alternative Investments
I was surprised and disappointed by the article “ Investment Tax Planning for Retirement ” ( JofA , Aug.03, page 63). While on target with the discussion of qualified retirement plans and Roth IRAs, the article misinformed readers about nonqualified annuities. Given the recent changes in tax laws concerning more
How to Suppress ScreenTips in Word
Q. When I work in Word, small yellow boxes often pop up next to my cursor to identify what I’m pointing at. I guess many users find those pop-ups helpful, but they distract me. Can I suppress them? To suppress all ScreenTips , click on Tools, Options and the View
International
The international auditing and assurance standards board (IAASB) of the International Federation of Accountants (IFAC) exposes two draft international standards of auditing: ISA 240, The Auditor’s Responsibility to Consider Fraud in an Audit of Financial Statements, and ISA 300, Planning the Audit. ISA 240 outlines the responsibilities of all those
Smart Stops on the Web
SMART STOPS ON THE WEB Windom’s World www.windom.org Wyoming-based accountant and tax preparer Jarvis Windom offers professional preparers free tax resources at his nuts-and-bolts e-stop. Users can scroll down his home page for links to many tax software Web sites, which provide free demos for preparing electronically filed returns and
A More Convenient Way to Add Signatures in Outlook
Q. I use the signature feature in Outlook to sign my e-mails, and while it’s OK, it’s not the most convenient system when I want to use a less formal signature at the end of a message. Do you have any suggestions? A. Indeed, I do. I also don’t like
Maiman Chosen to Head AICPA Communications
The Institute promoted Janice Maiman in July to the recently established position of vice-president for strategic/member communications. She will be responsible for ensuring that member, state society, executive and internal communications satisfy the members’ need for timely, clear and meaningful information on important issues. Maiman began her career at the
Plan an Effective Retreat
Perhaps your CPA firm or client is plagued with a problem, such as high employee turnover or a reduction in billable hours, that needs a creative solution. Or you want input on how best to proceed with the launch of a new service. Whatever your reason to hold a retreat,
More Self-Filers Go Electronic
Source: IRS, www.irs.gov .
Reduce the 24/7 Online Risk
Q. Since I got a new broadband Internet connection, I stay online all the time and find it very convenient. But my information technology adviser tells me that leaving my Internet access open full-time makes me vulnerable to hackers. Should I assume he’s just paranoid about the danger? A. No,
Don’t Take It Personally.
Source: Tax Policy Center, www.taxpolicycenter.org .
International
The International Federation of Accountants (IFAC) issues an exposure draft of a revision to its Code of Ethics for Professional Accountants. The ED proposes elevating its ethics code to a standard requiring IFAC member compliance from a “model” on which to base national requirements. It expands guidance for all individual
An Insider’s View of the New, Computerized CPA Exam.
SPECIAL REPORT An Insider’s View of the New, Computerized CPA Exam B eginning in April 2004, a computerized version of the Uniform CPA Examination will replace its paper-based predecessor. While CPA candidates can take the test in its current format only twice a year—in May and November—the computerized exam will
E-Filing Increases This Year
Source: IRS, www.irs.gov .
Top 10 Reasons People Seek Financial Advisers
Source: Certified Financial Planner Board of Standards, Inc., www.cfp.net , 2002.
zaro_ex4
Exhibit 4: Software Product Details 2nd Story Software ATX CCH Creative Solutions Drake Software Dunphy Systems Intuit/ Lacerte Intuit/ ProSeries Laser Systems RCS/ TaxSlayer Pro Tax$imple Universal Tax Systems TaxACT Total Tax Office, Max, Saber, ZillionForms ProSystem fx Tax UltraTax Drake Tax Solution 1040 Professional Tax Prep Lacerte
zaro_ex3
Exhibit 3: States Covered by Software 2nd Story Software ATX CCH Creative Solutions Drake Software Dunphy Systems Intuit/ Lacerte Intuit/ ProSeries Laser Systems RCS/ TaxSlayer Pro Tax$imple Universal Tax Systems TaxACT Total Tax Office, Max, Saber, ZillionForms ProSystem fx Tax UltraTax Drake Tax Solution 1040 Professional Tax Prep
Accounting
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. FASB issues as final five staff positions on Interpretation no. 46, Consolidation of Variable Interest Entities ( www.fasb.org/fasb_staff_positions/final_fsp.shtml ).
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