EXECUTIVE SUMMARY To find out what promising young accounting professionals want from employers, the AICPA Private Companies Practice Section (PCPS) conducted a new “Top Talent Study.” CPA firm partners asked their most highly valued nonpartner employees about their hopes for growth opportunities, job benefits and firm culture, and how
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Edward W. Trott Quote
AS QUOTED “My hesitancy about fair value became outweighed by my desire to have financial statements communicate as much information as possible. I learned that there’s a better way.” —Outgoing FASB member Edward W. Trott
Partly Secret Way to Hide a Worksheet
Key to Instructions To help readers follow the instructions in this article, we used two different typefaces: Boldface type is used to identify the names of icons, agendas and URLs. Sans serif type shows the names of files and the names of commands and instructions that users should type into
Smart Stops on the Web
HUMAN RESOURCES SITES Staff Smart www.adphire.com CPAs responsible for filling open positions will want to check out Automatic Data Processing Inc.’s (ADP) Web site for its calculator that determines the cost of a bad hire and of high turnover. The site also offers free information on screening candidates and adhering
Proud to Live in America
I enjoyed reading about Vinay & Puneet Behl in The Last Word column ( JofA , Aug.06, page 96). It’s so lovely to hear from foreign-born individuals who are happy to be here in the United States. When I see and read about how much hate there is in the
FYI
The AICPA’s annual National Healthcare Industry Conference will take place November 2–3 in New Orleans. “This is another important part of our ongoing commitment, which includes organizing a Disaster Recovery Resource Center and an AICPA volunteer center to provide pro bono tax assistance to Katrina’s victims,” said AICPA President and
International
The International Federation of Accountants (IFAC) issued an exposure draft and several information papers on education in ethics, corporate sustainability and internal control. IFAC’s International Accounting Education Standards Board released an exposure draft of an International Education Practice Statement, Approaches to Developing and Maintaining Professional Values, Ethics and Attitudes (
Keep Peace With Your Boss
GOLDEN BUSINESS IDEA Have a difficult manager? Try some of these coping strategies from CareerBuilder.com: Take a look in the mirror. Maybe you’re being a pain in the neck, too. Clean up your act, concentrate only on work and see whether things change. Focus on the boss’s needs. Employees who
Highlights
FASB issued Statement no. 157, Fair Value Measurements, which provides enhanced guidance for using fair value to measure assets and liabilities and will apply where other standards require or permit fair value measurements ( www.fasb.org/pdf/fas157.pdf). Although the statement does not require any new measurements, some entities will have to change
Tax Software 2007
Data from more than 2,000 AICPA Tax Section members responding to the JofA annual tax software survey help you decide which product is best for you.
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Technical Support Assessments Tax program Percentage of users needing technical support from vendor What was your experience in reaching your vendor for technical support? (1=good, 4=poor) How good was the support? (1=good, 4=poor) Percentage receiving telephone support Percentage receiving e-mail support If you received telephone support, how good was
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Product Selection Products respondents used, switched to and their future plans Reasons for switching products Tax program Number of respondents Percentage of responses Percentage who converted from another tax software product this year Percentage who planned to use the same product next year Percentage who didn’t
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Rating the Tax Software Satisfaction: 1 = very satisfied, 4 = very dissatisfied Tax program Number of respondents Were you satisfied with the installation process? With the ease of learning? With the ease of use? With the way the software ran on your network?
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Special Client Services Tax program Percentage of users charging extra for e-filing Percentage of users planning to charge extra next year Percentage of users offering tax-refund advances Percentage of clients using them Percentage planning to offer tax-refund advances next year Percentage offering online organizers this year Percentage of clients
A Very Long Audit
ALL IN A DAY’S WORK y sister, a nursing student at the time, had come to visit and arrived early enough to meet me at my client’s site. She came up to our audit room, met my fellow team members and sat at the partner’s desk, right next to mine.
On the Record
Although typically the major players have been making the headlines, defendants are coming from all types and sizes of businesses. … When it comes to corporate fraud, anyone can be a player. — Executive Roadmap to Fraud Prevention and Internal Control: Creating a Culture of Compliance by Martin T. Biegelman
What Becomes a Hiree Most?
Source: Job Outlook 2006 survey of 250 employers, National Association of Colleges and Employers, Bethlehem, Pa., www.naceweb.org , 2006.
Data Point
NUMEROLOGY 75 Percentage of working mothers that said their bosses were supportive of their family needs. Source: This Is How We Do It: The Working Mothers’ Manifesto by Carol Evans, Hudson Street Press, 2006.
Understanding Closing Agreements
TAX CASE hen an IRS audit identifies deficiencies in a tax return, the taxpayer may be asked to sign a closing agreement. There are two types of closing agreements. The first—contained on Form 866, Agreement as to Final Determination of Tax Liability —establishes the final tax liability. The other, contained
Uncle Sam Hangs Up Phone Tax
Source: IRS, www.irs.gov .
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How to find the right CAS clients
The key to success with CAS is selecting the best clients. Tools like ideal client profiles (ICPs), buyer personas, and even artificial intelligence can help identify the businesses that best fit each CAS practice.
From The Tax Adviser
March 31, 2026
Current developments in taxation of individuals: Part 1
March 31, 2026
Current Developments in Taxation of Individuals: Part 1
March 6, 2026
