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Economic Crisis Resource Center Launched

The AICPA launched the Economic Crisis Resource Center, a Web site for CPAs that offers resources on navigating challenging economic times. The site (www.aicpa.org/economy) features more than 200 items, including articles on strategic planning, budgeting and forecasting; webcasts on credit and financing impacts; tools for minimizing the effects of a

New Statement on Quality Control Standards Effective as of Jan. 1

Statement on Quality Control Standards (SQCS) no. 7, A Firm’s System of Quality Control, applies as of Jan. 1, 2009, to a CPA firm’s system of quality control for its accounting and auditing practice. The statement describes elements of quality control and other matters essential to the effective design and

New XBRL Taxonomy for IFRS Released for Public Comment

The International Accounting Standards Committee (IASC) Foundation on Monday released a near final version of the IFRS Taxonomy 2009 for public comment.             The IFRS Taxonomy 2009 is the eXtensible Business Reporting Language (XBRL) version of IFRS as of Dec. 31, 2008. XBRL, or “interactive data” as the SEC often

Info Security Leads Tech List

The message of the AICPA’s 20th Annual Top Technology Initiatives Survey is clear—CPAs are placing great importance on information security.             Security-related matters dominated the top three spots in the ranking of initiatives affecting IT strategy, investment and implementation. Information security management was voted the most important initiative for the

Copy a Hyperlink in Excel—Without Triggering it

All I wanted to do was copy a bunch of hyperlinks from one worksheet into another. But often when I highlight the cell containing the hyperlink, the link gets triggered before it can perform the copy task. Is there a way to prevent that? Yes, there is a little trick

Click Open the Alpahnumeric Code to Locate Vista’s Office Functions

I am struggling to wade through the collection of hard-to-find application functions in Office 2007. I concede that, once I locate them, some are more powerful than those in the prior version of Office, but first you’ve got to find them in that cluttered ribbon. Any thoughts? I’ve been asked

Preventing Identity Theft Throughout the Data Life Cycle

The Federal Trade Commission estimates that as many as 9 million people have their identities stolen every year. According to the Privacy Rights Clearinghouse, more than 200 million instances of data breaches have occurred since the beginning of 2005, and they show no signs of letting up. In the first

Small Business

The Small Business Administration created an online course to help small businesses explore exporting opportunities in international markets. Global Enterprise: A Primer on Exporting is a free, self-paced course that provides practical guidance on exploring international markets. The course illustrates how to identify international markets, develop an export strategy, make

Money Laundering

 The Financial Crimes Enforcement Network (FinCEN), in an effort to make the administration of the Bank Secrecy Act (BSA) more efficient and effective, published a proposal to simplify its rules and regulations by centralizing them in its own new chapter of the Code of Federal Regulations (CFR). The proposal would

Smart Moves and Shortcuts

A proper place for the mouse: Since I’m a lefty, I guess I’m biased, but I think the right place for the mouse is on the left of the keyboard. That leaves your right hand free to work the number pad. Hard to make the switch from right to left?

Remove Error Messages From a Printed Worksheet

It doesn’t look very professional to print an Excel worksheet displaying those little error symbols (#DIV/0! or #N/A). And even though I know they are harmless, I don’t want to have to explain them to a client. How can I keep them off my printed sheets without having to go

Highlights

The 165-page document echoes the outlines of the plan unveiled Aug. 27, when the Commission voted unanimously to seek comments on the road map. Under the proposal, the SEC would decide in 2011 whether to proceed with rulemaking to require that U.S. issuers use IFRS beginning in 2014. Limited early

SEC Votes to Finalize XBRL Filing Rules

The SEC voted Wednesday to adopt new rules that would require public companies to provide an XBRL version of their SEC filings. Under the new rules, the 500 largest U.S. public companies and foreign private issuers listed with the SEC would be required to provide financial information using XBRL beginning

Deadline for Transition to BSA Electronic Filing Approaching

The Financial Crimes Enforcement Network (FinCEN) said Magnetic Media filers must transition to BSA Electronic Filing (E-Filing) by Dec. 31. The Web-based BSA E-Filing system is user-ID and password-protected and does not require storage media such as tapes and disks to submit Bank Secrecy Act (BSA) reports. The system supports the

Technology Survey Drawing to a Close

Today is the final day to participate in the AICPA’s Top Technology Initiatives survey. The survey period has been extended from the scheduled Nov. 26 deadline to 6 p.m. ET on Friday, Dec 5.             In celebration of the 20th anniversary of the survey, voting for the first time is

Smart Stops on the Web

SMALL OFFICE / HOME OFFICE GET YOUR BUSINESS OFF THE GROUNDwww.business.govKnown as “The Official Business Link to the U.S. Government,” this site is a virtual one-stop shop for information on running a small business. Operated by the Small Business Administration, this Smart Stop offers guides on starting and managing a

Reverse the Order of a Long List in Excel

Every now and then I have to reverse the order of a long list in Excel that is not in alphabetical or numerical order—a tedious job. Do you know of a shortcut? Yes, you can adapt Custom Lists, a tool you should become familiar with because it is versatile and

Generate Duplicate Changes in Multiple Excel Worksheets

I usually set up my annual budget in one Excel workbook, and then I add 12 more sheets—one for each month of the year—so I can easily track the monthly data. Each sheet contains the same rows, columns and formulas. Only the headings on each worksheet are different, along with

Recruiting for Small Firms

The war for talent continues, and it’s up to each small firm to create opportunities to find talented employees who will appreciate a small firm environment and prosper in it. It’s often difficult for small firms to find the resources necessary to fuel a recruiting system that will fit their

SPONSORED REPORT

Agentic accounting has arrived: What’s hype and what’s real?

Artificial intelligence (AI) is moving beyond chatbots and into accounting workflows. A new generation of agentic AI tools can plan, execute, and adapt as they complete tasks, raising expectations for what automation can do inside firms and finance departments. What can agentic AI realistically do today and what challenges are there in its implementation? Find out in this Journal of Accountancy sponsored report.