Bookmarks

BY MICHAEL HAYES

Contemporary Issues in Financial Reporting:
A User-Oriented Approach

By Paul Rosenfield, CPA
562 pages; hardcover
Routledge; New York, N.Y.; 2006

Business Fairy Tales: Grim Realities of
Fictitious Financial Reporting
By Cecil W. Jackson, CPA
282 pages; hardcover
Thomson; Mason, Ohio; 2006

Contemporary Issues in Financial Reporting: A User-Oriented Approach by Paul Rosenfield, former director of the AICPA accounting standards division, and Business Fairy Tales: Grim Realities of Fictitious Financial Reporting by Cecil W. Jackson, a University of Southern California accounting professor, examine ethics and accountability in contemporary business reporting. Using very different approaches—the first is an accounting history textbook, the second a mass-market history of recent events—both CPA authors look at issues underlying a parade of financial reporting scandals and offer tools for refining critical thinking. They are voices in the dialogue of setting things right, and their concern is a measure of how deeply the financial world has been wrenched in recent years.

—Michael Hayes

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In focus: Payroll

Providing payroll services that comply with ever-changing regulations and meet evolving employee and employer demands is no easy task. Paychex's Tom Hammond discusses common payroll considerations for CPA firms.