In Word or Excel, if you use Find (Ctrl+F) to conduct a search in a very large file, you can save time by first highlighting the part of the worksheet or document you want to search. Then press Ctrl+F. In that way, Find will not waste time searching the entire
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A Website Loaded With Free Business Templates
When you have a few minutes to spare, surf over to Microsoft’s Office at Work website. You may find that investing just a few minutes there may save you many hours in the future. The site is loaded with business templates (from analysis worksheets to Excel expense reports), software tips
Highlights
Along with the leadership change, FAF announced that FASB is reverting from its current five-member board makeup to seven members. FASB previously operated with seven board members from its inception in 1973 until 2008. The changes come at a time when FASB and its international counterpart, the International Accounting Standards
Highlights of Finance and Accounting Ethics Research
Ethical behavior is difficult for any researcher to measure and analyze, especially in real-life situations. Results are often imprecise due to the challenges inherent in quantifying what is ethical and what is not. Much of the work done is theoretical, and involves either creating or applying ethics models. To draw
Financial Reporting
FASB issued Accounting Standards Update (ASU) no. 2010-20, Disclosures about the Credit Quality of Financing Receivables and the Allowance for Credit Losses, which FASB said in a press release will improve transparency in financial reporting by public and nonpublic companies that hold financing receivables, which include loans, lease receivables
Auditing
The PCAOB released for comment a proposed auditing standard (tinyurl.com/29bayna) that it says would update and expand the requirements related to the auditor’s use of confirmations, requiring a high level of evidence. In a statement issued with the proposed new standard, PCAOB Acting Chairman Daniel Goelzer said the proposal
Lynn Teuscher, CPA
If you were to observe one of our firm’s weekly staff meetings, you might wonder who owns the business. Legally, of course, there are three owners of AGT—my partners, Dorian Aiello and Steve Drageset, and I. But to listen to the staff, you would think they were the owners. They
AICPA and NAFOA Develop Strategic Partnership
The AICPA and the Native American Financial Officers Association (NAFOA) have established a Strategic Partnership Alliance to enhance both organizations’ efforts to inform and encourage ethnic diversity within the accounting profession. NAFOA is a national nonprofit organization whose mission is to improve the quality of financial and business management of
AICPA Establishes PFP Conference Scholarship
The Institute has established the P. Thomas Austin Personal Financial Planning Division Scholarship in honor of the CPA who has chaired the Advanced Estate Planning Conference for three decades. The scholarship will cover the registration fee and travel expenses of a young CPA to attend the conference each year beginning
Comparing the Ethics Codes: AICPA and IFAC
Sharp increases in the number of multinational audits being performed by U.S. accounting firms means that more CPAs are performing services under the International Federation of Accountants (IFAC) audit and attest standards. Although auditors must comply with the specific standards adopted in each jurisdiction, familiarity with IFAC’s International Ethics Standards
Final Regs Deny Interest and Penalty Suspension
The IRS issued final regulations under IRC § 6404(g)(2)(E) regarding an exception to interest and penalty suspension if the amounts are related to listed transactions and undisclosed reportable transactions. Section 6404(g) generally provides for the suspension of interest and penalties if the IRS does not contact the taxpayer regarding the
FYI
The Financial Accounting Foundation, the parent organization of FASB and GASB, named Mark Schroeder, a recently retired senior partner at Deloitte & Touche LLP, to the newly created position of post-implementation review leader. He will be responsible for the post-implementation review of authoritative pronouncements issued by FASB and GASB.
International
The International Accounting Standards Board (IASB) published for public comment an exposure draft of improvements to the accounting for insurance contracts. The ED proposes a single IFRS that all insurers, in all jurisdictions, could apply consistently to all contract types. When the IASB was established in 2001, there were no
Create Your Own Emergency System Repair Disk
Q: I just bought a new computer loaded with Windows 7, and there was no backup disk in the box. When I checked the store where I bought it, I was told that operating system and system recovery CDs are no longer supplied with new PCs and I should make
Authors Contributing to the October 2010 Issue
Catherine Allen, CPA, formed the consulting firm Audit Conduct in 2005 to help CPAs understand and comply with independence and ethics requirements. Previously, she was a senior staff member with the AICPA Professional Ethics Division and director of independence for two of the Big Four accounting firms. Jason Evans,
Advance Pricing Agreements for SMEs
In today’s global economy, small and medium-size enterprises (SMEs) compete not only to make sales but to employ labor, consume raw materials, and obtain low-cost capital. SMEs now comprise some 97% of all U.S. exporters and produce almost one-third of all goods and services exported. But whenever companies cross borders
Performance Evaluation Research Helps Earn Best Early Career Researcher Award
Michael G. Williamson, Ph.D., assistant professor of accounting at the McCombs School of Business at the University of Texas–Austin, received the AICPA’s Best Early Career Researcher Award. The $2,000 grant is awarded to the researcher with the best overall body of research in management accounting. The award is co-sponsored by
The Exceptions That Undo the “Undo” Command
Q: I’m having trouble with my Excel Undo command (Ctrl + Z). Sometimes I can only successfully perform an Undo three or four times. Other times, I can go back more than 10 steps. I was under the impression Undo can take you back as many as 16 steps. Is
Comments Requested on Expanded Payment Information Reporting
The IRS requested comments on 2012-effective amendments to IRC § 6041 expanding requirements to report on Form 1099 business payments totaling $600 or more to any person in a calendar year. The amendments were made by the Patient Protection and Affordable Care Act of 2010 (PL 111-148). They provide that,
Send Us Your Comments
After 11 years writing “Technology Q&A,” Stanley Zarowin will retire this fall. But the column will continue and we’d like to know what you want to see in “Technology Q&A” in the future. Please send your comments to jofatech@aicpa.org.
Features
FROM THIS MONTH'S ISSUE
4 ways solo practitioners can stand out
Five years ago, a grieving Angel Zhen started his own CPA firm with no clients and no revenue. Today, he has 300 clients, $600,000 in revenue and 12 weeks of annual vacation. In this JofA article, he shares how he set up his firm and how you could do the same.
From The Tax Adviser
April 30, 2026
Current developments in taxation of individuals: Part 2
April 30, 2026
