About the Publisher

This symbol identifies articles in the home study CPE program.

Professional Issues
MANAGING CHANGE
Robert Tie
Robert L. Bunting led his midsize regional firm to its current position as the 10th largest in the nation. As he begins his term as AICPA chairman, he is mindful of the needs of small and regional firms and the growing complexity of practice management in a diverse global marketplace.

Business Valuation/Consulting
20 STEPS FOR PRICING A PATENT
J. Timothy Cromley
Clients who hold intellectual property patents may need to have them appraised for tax, accounting and transactional purposes. This article provides valuators such as CPA/ABVs with a set of procedures useful in valuing U.S. utility patents.

Litigation Consulting/Business Valuation
DAMAGES AREN’T ALWAYS PATENTLY OBVIOUS
Glenn Newman and Richard J. Gering
Quantifying damages in patent infringement cases can be a key part of a CPA’s forensic and litigation services practice. This article notes the available theories of recovery and describes acceptable methodologies for calculating lost profits for patent infringement.

Technology
RADIO FREQUENCY IDENTIFICATION: THE WAVE OF THE FUTURE
Harold E. Davis and Michael S. Luehlfing
Because RFID use still is in its infancy, CPAs have a unique opportunity to help their clients and employers understand how it will change inventory and supply chain management—and its inevitable effect on accounting and auditing methodologies.

Technology Workshop
INSTALL YOUR OWN WIRELESS NETWORK
Bryce H. Peterson, William G. Heninger, Craig J. Lindstrom and Marshall B. Romney
Even CPAs with few technical skills can install wireless networks in their offices or homes to access computers, the Internet, printers and peripherals.

Education
ACCOUNTING EDUCATION: RESPONSE TO CORPORATE SCANDALS
Pierre L. Titard, Robert L. Braun and Michael J. Meyer
How have graduate and undergraduate accounting programs responded to the corporate accounting scandals of several years ago? This article details the changes and reports on a survey of students showing a more positive attitude toward the profession.

Tax
AVOID THE PAYROLL TAX TRAP
Howard Godfrey
Failure to deposit taxes withheld from employee paychecks can lead to disaster for management. This article describes the liability, and provides guidelines for avoiding it and steps to take when the IRS assesses the tax.

News Digest
Accounting…Auditing…Enforcement…International…Privacy…Pro Bono…Professional Issues…Tax…Technology…FYI.

The Internet
Smart stops on the Web.

At a Glance: Charts and Graphics
Move up or move out.
Good news for college grads.
Sarbanes-Oxley spurs focus on directors.
Bank on Uncle Sam.
Rate changes bring hikes.

Letters
Rethinking annuities for Medicaid eligibility.
A different perspective on internships.

Checklist
Sharpen your BV research skills.

Tax Practice
Avoid the tax trap when repaying shareholder loans.

Tax Matters
Tax Brief: Tax deductions may help fight obesity.
Tax Case: Appeals court confirms treatment of assumed liabilities.
Tax Case: Alimony payments must terminate at death.
Tax Case: Telephone excise tax: Does “and” mean “both” or “either”?

From the Tax Adviser
Nonindividual QTP contributions.

Technology Q&A
Move (or copy) a batch of Excel worksheets…Expand the use of Format Painter in Word…Save your favorites when switching Internet browsers…Change the case of text in Word—but not in Excel…Transfer an Excel formula from one worksheet to another…Retrieve a lost CD key code for Windows operating system…Limit the data Excel will accept…Shortcuts.

The Fraud Beat
THE QUARTER-MILLION-DOLLAR CAPER
Joseph T. Wells
A case study—of a crooked CFO, two vigilant auditors and a very surprised and grateful bank executive—shows what good comes from a CPA who goes the extra step for his small business client.

Inside AICPA
Lone Star state auditor named best government CPA.
Students win aid for graduate studies in accounting.
Institute earns triple honors.
Accounting educator steps up for Olympic ceremony.
Undergraduate accounting students win competition.

Golden Business Ideas
Practical ideas for improving your business.

In This Issue