Publisher's Information

CONTENTS

APRIL 2007

VOLUME 203 NUMBER 4

This symbol identifies articles in the home study CPE program.

PRACTICE MANAGEMENT
Build, Buy (or Sell)?
by John R. Ezell
For CPAs considering growth or succession options, a broker examines what the market looks like to potential buyers and sellers of CPA firms and provides points to consider about whether to build a practice or buy one. Key factors are sometimes not just about business but also about personal goals and ambitions.
For CPAs in public practice.

PRACTICE MANAGEMENT
Structuring for Growth
by Ed McCarthy
The JofA asked CPA consultants, managing partners and professional administrators what the managing partner of a small firm should do to help the firm grow, keep its focus, reinforce the firm culture and avoid burnout. Here are their answers.
For CPAs in public practice.

PRACTICE MANAGEMENT/TECHNOLOGY
Talent-Tempting Web Sites
by Paul Gladen and Teresa Beed
Sure, your firm has a Web site. Who doesn’t these days? But is it making full use of the Internet’s potential—especially in the perennially vexing area of recruiting? Young CPAs-to-be expect more from their Internet experience than a bland introduction to the place where they’re considering whether to invest their talent and hard work. See how some firms are beckoning them with inviting and informative content.
For CPAs in public practice.

ARTICLES
PROFESSIONAL ISSUES
Barriers to Mobility: A Crisis for Many CPAs
by Scott Voynich
The chair of the AICPA’s Special Committee on Mobility outlines the Institute’s recommended solution for removing interstate barriers that hinder CPAs.
For all CPAs.

FINANCIAL REPORTING/COMPENSATION
A Road Map for Share-Based Compensation
by Anne L. Leahey and Raymond A. Zimmermann
As they implement the provisions of FASB Statement no. 123(R), companies should take a fresh look at their share-based employee compensation practices and the valuation requirements for various awards for financial reporting purposes.
For CPAs who work for or advise companies that issue stock options.

FINANCIAL REPORTING
Frontline Reaction to FASB 123(R)
by Steven Balsam, Sebastian O’Keefe and Mark M. Wiedemer
A survey on how companies are changing their compensation practices—particularly their use of stock options—in the wake of FASB Statement no. 123(R) shows U.S. businesses haven’t yet hit on a definitive solution for minimizing the impact of the new rules.
For CPAs working with companies that issue share-based payments.

TAX/BUSINESS AND INDUSTRY
S Corporation Update
by Howard Godfrey
As Subchapter S approaches its golden anniversary, businesses are finding that life with the popular corporate structure can still be a rewarding—and invariably a learning—experience.
For CPAs advising businesses.

TECHNOLOGY WORKSHOP
Surf Safely
by James F. Leon
Although the Internet is a great source of information, users must be careful: Hidden in some of those innocent-looking Web sites are dangerous traps that can steal or destroy your confidential data. In this article we detail ways to surf the Web with relative safety.
For all CPAs.

TECHNOLOGY WORKSHOP
Spyware Protection
by James P. Davis
All computers are vulnerable to spyware—surreptitiously embedded programs that can steal data from your machine or just cause a nuisance. Many special programs—some free—are available to identify and destroy them.
For all CPAs.