RISK MANAGEMENT SITES Abstracts, Archives and Articles www.riskworld.com This Web site offers CPAs news articles, briefs and reports on risk analysis, assessment and management, and archived content dating back to 1995. Other topics include business and investment, law and policy, and risk in everyday life with links to risk associations,
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Management accounting
Tips on Installing a New Operating System
Q. I’ve decided to upgrade my operating system from Windows 98 to XP. I’m not so much interested in all the new XP features—although I’m sure I’ll find them useful. My primary reason is that my current Win 98 setup is unstable. No matter how I tinker with the system,
Risky Business
EXECUTIVE SUMMARY CPAs ACKNOWLEDGE THE IMPORTANCE of being proactive on IT security issues but often find it difficult getting corporate boards and audit committees to realize IT security protection requires ongoing, consistent investment in talent and technology. THOSE WHO PERFORM IT AUDITING must report their risk management concerns to boards
Move Excel Worksheets from One Workbook to Another
Q. I often have to move several Excel worksheets from one workbook to another. I use the conventional copy-and-paste technique (Ctrl-C, Ctrl-P). While it works, it’s a real drag. Isn’t there a better way? A. Yes. And the solution, you may be surprised to learn, is a drag, too, but
Browsing in Large Word Documents
Q. I work with very large instructional documents with lots of elements (tables and graphics, for example) and browsing around a document trying to find things can be quite a challenge. Can you suggest any ways to make my job easier? A. The last several versions of Word have a
A Fast Way to Address an E-mail
Q. I’m just starting to use Outlook as my e-mail tool, and although it’s very good, I’m sure there are ways to make it work even more efficiently. For example, I send e-mails most frequently to three people, yet each time I set up a message, I have to go
Smart Stops on the Web
EXECUTIVE COMPENSATION SITES Case Studies and Reviews www.compensationresources.com CPAs at firms and companies can find case studies—with required actions and outcomes—for implementing nonqualified deferred compensation arrangements, as well as reviews of customized packages at this site. Visitors also can use a compensation calculator and get an overview of stock-option-program designs.
Outlook Provides Travel Instructions
Key to Instructions To help readers follow the instructions in this article, we use two different typefaces. Boldface type is used to identify the names of icons, agendas and URLs. Sans serif type indicates commands and instructions that users should type into the computer and the names of files. Q.
Spotlight on Midlevel ERP Software
n many ways, the attributes you want in enterprise resource planning (ERP) accounting software resemble those you’re likely to seek when choosing a spouse. You want a faithful (accurate) helpmate who grows with you (capable of being scaled up). You want someone you can cherish through sickness (financial loss) and
Freedom From Market Swings
EXECUTIVE SUMMARY THE OBJECTIVE OF ANY INVESTMENT STRATEGY CPAs recommend to clients should be to preserve capital and build on it at a consistent rate in both bull and bear markets. The key to doing this is to look beyond stocks and diversify into alternative investments. A PORTFOLIO CONSISTING ENTIRELY
The Hedge Fund Mystique
EXECUTIVE SUMMARY HEDGE FUNDS ARE SUCCESSFUL ONLY IF THEY MAKE money in both up and down markets. To do this, they employ some creative and risky investment strategies—selling short, using leverage, trading put and call options, trading futures and investing in emerging markets. SINCE HEDGE FUNDS ARE NOT RIGHT FOR
The Rise and Fall of Enron
If you’re like most, you’ve been astonished, disillusioned and angered as you learned of the meteoric rise and fall of Enron Corp. Remember the company’s television commercial of not so long ago, ending with the reverberating phrase, “Ask why, why, why?” That question is now on everyone’s lips. The Enron
Is Your Business Prepared for the Worst?
EXECUTIVE SUMMARY NO MATTER HOW LARGE OR SMALL THE CATASTROPHE, being prepared with a detailed plan improves a company’s chances of survival. The plan should cover the company’s response to dealing with human losses, communications breakdowns, loss of data and business premises. THE KEY TO SUCCESS IN DEVELOPING A GOOD
Preserving the Family Legacy
EXECUTIVE SUMMARY TO HELP FAMILY BUSINESS OWNERS BUILD A LEGACY, CPAs need to help family members develop a plan to transfer the business to the next generation while minimizing estate, gift and income taxes. Although the 2001 tax act eliminates estate taxes in 2010, there is no guarantee the repeal
A Road Map to Risk Management
EXECUTIVE SUMMARY SUCCESSFUL BUSINESSES TAKE CALCULATED RISKS to achieve objectives. Companies must measure these risks, try to minimize them and—if possible—use them to their advantage. The CPA—as internal or external adviser—is the professional best suited to help them manage risk. CURRENT BEST PRACTICES follow these steps in the risk management
Innovation: The New Route to Wealth
here does new wealth come from? Like a four-year-old asking how babies are born, it’s a deceptively direct question that often disarms our conventional capacity to answer. To be sure, we’re ready with pat responses peppered with references to ROI, RONA and EVA, but these measures tell us more about
Stock Options Pitfalls and Strategies Du Jour
EXECUTIVE SUMMARY AS THE STOCK MARKET SLUMPED , the use of stock options as the ideal form of employee compensation lost some of its luster. To fill the breach, companies are scrambling to find remedial compensation strategies to protect their employees from market losses. These alternative methods include repricing, reissuing
Bring the Real World to the Classroom
EXECUTIVE SUMMARY SOME PROFESSORS ARE BRINGING practitioners into the college classroom to talk to their students about the profession and its opportunities. Here are some tips about how such exposure can double as tailor-made recruiting. CPA GUEST SPEAKERS CAN demonstrate professional diversity and encourage students to stay with an accounting
Research Summary 22: Haphazard Sampling and Selection Bias
verybody has a favorite color and season—preferences that seem innate, always defying reason. Auditors are no different when it comes to haphazard sampling, a process in which—ideally—they choose samples without regard to size, shape, location or other physical characteristics. Experts have expressed concern about bias in such sampling and, as
Research Summary 21: Audit Committee Appointments
oes the emphasis on not appointing to an audit committee corporate board directors who have significant relationships to a company obscure consideration of other characteristics that also may be important? Independence aside, a director’s ability and willingness to perform well may ride on whether he or she has equity investments
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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.
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