International


The International Federation of Accountants (IFAC) released an exposure draft of proposed International Education Standard (IES), Competence Requirements for Audit Professionals ( www.ifac.org/eds ), to ensure auditors have the knowledge, skills, values, ethics and attitudes to perform competently. The proposed IES will apply not just to audit engagement partners but to all accountants responsible for making significant contributions to an overall audit opinion. Comments are due July 15, 2005.

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A new line of business to consider

Technology assessments may open the door to new engagement opportunities for your firm. What is a technology assessment? How do you perform one? JofA Tech Q&A author J. Carlton Collins shows you in a detailed explanation.

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Maximizing the higher education tax credits

A counterintuitive strategy can save taxes by including otherwise excludable scholarships in gross income.