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  Online Issues > June 2006


  CONTENTS  

 
JUNE 2006
VOLUME 201 NUMBER 6
 
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CPAs IN ACADEMIA
Teaching for the Love of It
by Randy Myers
Got a secret desire to teach? Times have never been better for accountants to consider such a career change. Higher education schools everywhere have more openings for faculty than available candidates. From aspiring PhD candidates headed for top universities to adjunct teachers at community colleges, CPAs with a yen for the academic life will find just the right place looking for them.
For all CPAs.

TECHNOLOGY WORKSHOP
Skip This Article (If You Don’t Back Up Your Computer)
by Simon Petravick
Many CPAs have paid the price for failing to maintain copies of their computer data. Whether you’re too busy or simply forgetful, this article shows how easy it is to safeguard your data files.
For all CPAs.

ARTICLES

TECHNOLOGY
How Not to Hate Your Computer
by Stanley Zarowin
You don’t have to be a high-tech CPA to turn your computer into the most efficient office tool. This article lists low-cost, easy-to-implement steps to improve its operation.
For firms of all sizes.

PRACTICE MANAGEMENT/TECHNOLOGY
Get Close to Your Clients
by Michael Hayes
A database of firm-client interactions does more than just help you stay in touch. Use it to figure out what services to offer tomorrow.
For managing partners.

PRACTICE MANAGEMENT/BUSINESS CONTINUITY
Katrina’s Harsh Lessons
by Randy Myers
Hurricane Katrina has provided one of our country’s most dreadful experiences and hardest preparedness case studies. CPAs in Louisiana, Mississippi and Texas share war stories and details about how they coped and got back to work.
For all CPAs.

PRIVATE COMPANY AUDITING
Advancing the Audit Documentation Standard
by Ray Whittington, Lynford Graham, Gretchen Fischbach and John Ahern
SAS no. 103, Audit Documentation, strengthens the provisions SAS no. 96 established for private company audits not long ago. Auditors don’t have much time to absorb and implement the new provisions, which are effective for audits of financial statements for periods ending on or after December 15, 2006.
For CPAs on audits of private companies and other nonissuers.

BUSINESS & INDUSTRY/NOT-FOR-PROFIT
Cherry-Picking Sarbanes-Oxley
by Richard S. Savich
Nonpublic companies and other entities are in the enviable position of being able to choose which provisions of the Sarbanes-Oxley Act they adopt as best practices. Here are some they should consider.
For CPAs who advise organizations of all kinds.

TAX
Made in America
by Rizvana Zameeruddin
Taxpayers such as manufacturers, retailers and individuals can claim the deduction for qualified domestic production activities under IRC section 199. Here are provisions of the tax code section and practical examples to help your clients maximize the deduction.
For CPAs in public practice and private industry.

NEWS

HIGHLIGHTS

NEWS DIGEST
AccountingBusiness ValuationFinancial LiteracyInternationalProfessional IssuesXBRLFYI.

THE INTERNET
Smart stops on the Web.

AT A GLANCE: CHARTS AND GRAPHICS
Is time on your side?
Cheaper to keep ’em.
Musical jobs.
Paper or plastic?
Big Uncle is watching.
Fewer tax crimes.
Delinquent filers, beware!
What’s up with Uncle Sam?

COLUMNS

TOP LINE
News, people, trends and other noteworthy items.

CHECKLIST
Jump on the blog wagon.

TAX MATTERS
Tax Case: Innocent spouse provisions and community property.
Tax Case: Appealing innocent spouse relief.
Tax Case: Is Antarctica a foreign country?

FROM THE TAX ADVISER
New rules for vehicle donations.

INSIDE AICPA
Institute briefs Congress on its financial reporting innovations.

SIX-MONTH INDEX
JofA articles by author and subject.

THE LAST WORD
A closer look at some of the intriguing, inspiring and imaginative folks who are the heart of the AICPA.


In This Issue
 
BUSINESS AND INDUSTRY

News Digest: Accounting

Cheaper to keep ’em

Musical jobs

News Digest: Professional Issues

News Digest: XBRL

News Digest: FYI

Teaching for the love of it

Katrina’s harsh lessons

Advancing the audit documentation standard

Cherry-picking Sarbanes-Oxley

CONSULTING SERVICES

News Digest: Business Valuation

News Digest: Financial Literacy

Get close to your clients

Cherry-picking Sarbanes-Oxley

GENERAL INTEREST

Top Line

Is time on your side?

News Digest

Cheaper to keep ’em

Musical jobs

Paper or plastic?

Smart Stops on the Web

Teaching for the love of it

Skip this article (if you don’t back up your computer)

How not to hate your computer

Katrina’s harsh lessons

Big uncle is watching

Fewer tax crimes

Delinquent filers, beware!

What’s up with Uncle Sam?

Institute briefs Congress on its financial reporting innovations

Six-Month Index

The Last Word

GOVERNMENT

News Digest: International

Teaching for the love of it

Advancing the audit documentation standard

Cherry-picking Sarbanes-Oxley

INTERNATIONAL

News Digest: International

News Digest: XBRL

News Digest: FYI

Advancing the audit documentation standard

PRACTICE MANAGEMENT

News Digest: Accounting

News Digest: Business Valuation

Cheaper to keep ’em

Musical jobs

News Digest: Financial Literacy

News Digest: Professional Issues

News Digest: FYI

Paper or plastic?

Jump on the blog wagon

Teaching for the love of it

Get close to your clients

Katrina’s harsh lessons

Advancing the audit documentation standard

Cherry-picking Sarbanes-Oxley

PROFESSIONAL ISSUES

News Digest: Financial Literacy

News Digest: Professional Issues

News Digest: FYI

Teaching for the love of it

Advancing the audit documentation standard

Cherry-picking Sarbanes-Oxley

Institute briefs Congress on its financial reporting innovations

SARBANES-OXLEY

Advancing the audit documentation standard

Cherry-picking Sarbanes-Oxley

TAXES

Made in America

Big uncle is watching

Fewer tax crimes

Innocent spouse provisions and community property

Appealing innocent spouse relief

Delinquent filers, beware!

What’s up with Uncle Sam?

Is Antarctica a foreign country?

New rules for vehicle donations

TECHNICAL

News Digest: Accounting

News Digest: International

News Digest: XBRL

News Digest: FYI

Advancing the audit documentation standard

TECHNOLOGY

News Digest: Business Valuation

News Digest: Financial Literacy

News Digest: XBRL

News Digest: FYI

Smart Stops on the Web

Jump on the blog wagon

Skip this article (if you don’t back up your computer)

How not to hate your computer

Get close to your clients

©2008 AICPA