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.

The Institute launched a Web-based survey to assess how well private company financial reports meet the needs of those who use them: bank lenders; investors and venture capital/buyout companies; surety, bonding and insurance companies; business owners and managers; and auditors and others ( http://survey.themsrgroup.com/aicpa.html ). The survey also asks whether the cost of gathering information for private-company GAAP-based financial statements—as in public-company reporting—is justified. The online poll and a telephone survey augmenting it will continue until September 15. While individual responses will be kept confidential, the general results of the survey will be announced this fall. A related discussion paper offers differing views on various aspects of private-company financial reporting ( www.aicpa.org/members/div/acctstd/pvtco_fincl_reprt/index.htm ).

SPONSORED REPORT

CPEOs provide peace of mind around payroll services

The creation of these new IRS-certified service providers for small businesses clarifies some issues around traditional professional employer organizations.

QUIZ

Pronoun practice to help polish your prose

Using pronouns correctly in writing and speech can help you make a good impression. Try our 10-question quiz.