February 2006 - Journal of Accountancy

ou receive an e-mail that appears to be from your bank. You recognize the logo and the letter format. It’s even signed by the bank officer you deal with. It says there has been a glitch in your account and asks for verification of some information—credit card numbers, passwords and

EXECUTIVE SUMMARY In the face of new regulatory demands, more companies are hiring chief accounting officers (CAOs) to handle everything from corporate accounting, financial reporting and internal controls to corporate tax and Sarbanes-Oxley compliance. In addition to day-to-day compliance activities, CAOs also sometimes take on the duties of a controller

hen a college was so broke it couldn’t even afford copy paper, toner and other inexpensive supplies, it took some sleuthing to find the reason. This article summarizes the heroic efforts of one CPA, without pay or outside staff (or experience in fraud detection), who helped bring down a powerful

EXECUTIVE SUMMARY The Katrina Emergency Tax Act of 2005 provides tax relief for residents and businesses in the hurricane-ravaged areas of Alabama, Florida, Louisiana and Mississippi. Tax-friendly rules allow distributions and loans from retirement plans to those persons who lived in the disaster area and suffered economic loss. The act

EXECUTIVE SUMMARY Four years ago Meyners + Co. began an intensive business development initiative to align staff performance and compensation with its core values and competencies to better prepare employees to handle additional work. Difficulty in executing the plan surfaced over time. The core of Meyners’s training is developing demonstrable

s he packed up to leave his Washington office, Donald T. Nicolaisen shared some candid comments with the Journal of Accountancy on the profession, the politics and the people that have made up his world for the past two years. JofA : Do you think regulation is dampening the growth