Audit & assurance news and resources -- Journal of Accountancy

TOPICS

August 1, 1997

SEC chairman reiterates

Levitt Defends FASB “W hat is the Financial Accounting Standards Boards great sin?” asked Arthur Levitt, Jr., chairman of the Securities and Exchange Commission. Speaking to the Economic Club of Detroit in May, Levitt was responding to a throng of criticisms leveled by corporate executives at the accounting standard-setting process

June 1, 1997

Short takes

F Y I Short takes, notes and items of interest Small Businesses Pay the Piper If a small business such as a hair salon plays a radio as background music, the business owner may have to pay a royalty even though the radio station is already paying a licensing fee.

May 1, 1997

The Smart Way to Invest in Computers

EXECUTIVE SUMMARY KEEPING CURRENT WITH OFFICE technology doesn’t have to be overly expensive. With the proper planning, it can be both economical and a productivity booster. Here are some of the steps you must take to accomplish that goal: Don’t base your computer-buying decisions solely on price. Plan ahead so

April 1, 1997

Litigation Services: Standards and Ethics

EXECUTIVE SUMMARY LITIGATION SERVICES continue to grow in popularity, and practitioners must understand the standards and ethics that govern them. MANAGEMENT CONSULTING SERVICES standards govern litigation services. These include serving the client interest, understanding with client and communication with client. AUDITING STANDARDS, ATTESTATION standards and accounting and review services standards

February 1, 1997

Raising Capital Overseas

EXECUTIVE SUMMARY MORE AND MORE COMPANIES are trying to raise capital by listing their securities for sale on foreign exchanges; however, the costs of reconciling U.S. accounting standards with their foreign counterparts can be high. Therefore, it is important that companies know the questions they will face when going global.

February 1, 1997

A Refresher Course in Peer Review

EXECUTIVE SUMMARY THE MORE THAT FIRMS know about peer review, the easier the process will be. COMMON MYTHS ABOUT THE PROCESS include that checklists are required, that firms must create elaborate quality control documents and that a firm has no say in the selection of the reviewer. And more than

FROM THIS MONTH'S ISSUE

Right-sizing risk management

Sole practitioner or small firm? Risk management doesn’t have to be “one size fits all.” Learn how to help protect your practice without adding unnecessary admin time.