Featured Online Content for August 2010



TweedieIASB Chairman Sir David Tweedie

In a video interview with the JofA, Sir David Tweedie shares thoughts on how the IASB and FASB can reconcile accounting for financial instruments. Tweedie, who is nearing the end of his term as chairman, also discusses how his successor’s job could be different.


Also on journalofaccountancy.com, read details and reaction to the SEC’s IFRS work plan, find an IFRS for SMEs-U.S. GAAP comparison tool, and find full results of the AICPA’s recent IFRS Readiness Survey, which found nearly one in four CPAs expect to need “advanced” knowledge of IFRS in coming years.






Fraud-Fighting Tips

Joseph T. Wells, CPA, chairman of the Association of Certified Fraud Examiners, highlights effective strategies for preventing workplace fraud.






Data Security Is Top Concern for CPAs

The AICPA’s 21st annual Top Technology Initiatives Survey found that CPAs see data security as the No. 1 technology concern for the eighth consecutive year and say their clients are starting to ask them more IT-related questions during audits.




Judith O'De''AUDIO

Separate Standards for Private Companies

FASB’s Private Company Financial Reporting Committee Chairman Judith O’Dell shares insights on how separate standards could help private companies. She is a participating observer on a blue-ribbon panel on standard setting for private companies.






FacebookHow to “Like” a Facebook Page

Many businesses, accounting firms and state societies have created Facebook pages to keep people abreast of what’s happening in their organizations and to share news. Search through pages by visiting Facebook’s Page Directory at facebook.com/pages and typing in keywords such as “Journal of Accountancy” or “CPA Society.” The search can be done even if you do not have a Facebook account, but you must have an account to “like” a page. (This was previously known as “Become a Fan.”)


Once you find a page of interest, you can “like” it immediately by clicking on the word “Like” to the right of the image, or do more research by clicking on the page’s photo or link. Then you can click the “Like” button located on the top-center of the page. Once you “like” a page, its posts will immediately start appearing in your news feed just as your friends’ posts do, and it will be noted on your wall that you “like” the page. The page also will be listed under the “Pages” section located at the bottom of the “Info” tab of your profile. Page administrators cannot see the profiles of their fans—only names and profile photos—and do not receive a news feed about their fans.


For more social media tips, visit facebook.com/JournalofAccountancy and click the “Tips” tab.


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6 key areas of change for accountants and auditors

New accounting standards on revenue recognition, leases, and credit losses present implementation challenges. This independently-written report identifies the hurdles that accounting professionals face and provides tips for overcoming the challenges.


How tax reform will impact individual taxpayers

Amy Wang, a CPA who is a senior technical manager for tax advocacy at the AICPA, answers to some of the most common questions on how the new tax reform law will impact individual taxpayers.