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February
Features: |
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Two
Firsts for the AICPA |
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An
Interview with AICPA Chair Olivia F. Kirtley By
James L. Craig, Jr. |
| The new chair of the
AICPA marks two firsts for the organization: Olivia F. Kirtley is the first
woman to hold the post and the first CPA from outside of public practice.
In this interview, she describes her agenda, which includes the continuation
of the Vision Process, increased involvement in he international arena,
and greater diversity within the AICPA leadership. (Article)
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Status
of the New Governmental Financial Reporting Model |
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By
Craig Foltin |
| GASB's January 197
exposure draft was met with a great deal of controversy, and, as a result,
the board has shifted its focus. The dual-perspective approach has been
eliminated. Complex, unresolved issues remain; however, GASB is determined
to produce a final statement by June 1999. (Article)
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The
Federal Sentencing Guidelines for Organizations |
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By
W. Max Rexroad, Toby J.F. Bishop, Joyce A. Ostrosky, and Linda M. Leinicke |
| The Federal Sentencing
Guidelines for Organizations were established to encourage organizations
to police themselves to ensure compliance with federal laws. Organizations
that do not enforce these guidelines runt he risk of criminal penalties.
The authors highlight the consulting and assurance opportunities FSGO presents. (Article)
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Online
Financial Reporting |
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By
Simon Petravick |
| Many public companies
are now using their websites to disseminate financial information, such
as annual reports, SEC filings, and stock data. When properly utilized,
online reports can be far more accessible and useful to the consumer. The
authors provide a number of sites as examples of the technology in practice. (Article)
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Legal
Costs as a Medical Expense |
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By
Mark A. Segal |
| To qualify as a medical
deduction, an expense must be for services directly or proximately related
to the diagnosis, treatment, or prevention of a disease. The author reviews
a number of court cases dealing with the issue of whether certain legal
costs meet the essential standard and are therefore deductible.
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Accounting
for Software Development Costs |
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By
Paul Munter |
| The new SOP on internal
use software requires that the costs of developing or acquiring such software
be capitalized and amortized. The new SOP will affect most enterprises. (Article)
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Answers
to 20 Questions on Dealing with IRS Collections |
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By
Peter A. Karl, III |
| What can you do when
Uncle Sam comes after you? The author asks and answers 20 questions that
might come up when dealing with IRS collections, reviewing offers in compromise,
creditor protection, bankruptcy options, changes brought about by the IRS
Restructuring and Reform Act of 1998, and more. (Article)
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February
Departments: |
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Accounting |
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A spreadsheet program for bond discount and premium amortization (download) (Article) |
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Auditing |
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A case study on detecting fraud in a financial statement audit (Article) |
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The
CPA in Industry |
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Multiple banks equal new opportunities for mid-sized companies (Article) |
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Employee
Benefit Plans |
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PBGC extends deadlines and relaxes certain penalties
· Cost of living adjustments
· New York legislation reduces
workers' compensation costs (Article) |
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Personal
Financial Planning |
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Intentionally defective grantor trusts (Article) |
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SEC
Advisor |
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SEC interpretative release on disclosure of Year 2000 issues (Article) |
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Federal
Taxation |
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Tired of waiting for 59 1/2? You may want to try 55 (Article) |
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Estates
and Trusts |
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Income tax issues after the death of a spousal joint tenant (Article) |
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February
News & Views: |
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Using Valuation Software To Resolve Litigation (Article) |
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IASC Approves Standard On Financial Instruments--Last Major Project On Core Program (Article) |
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Harcourt Brace Publishes First "How To" Guide On Electronic Commerce Assurance Services
(Article)
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Tax Court Imposes Early Distribution Penalty Due To Modifications Made
After Age 59 ½
(Article)
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Global Institute For Taxation Calls For Papers
(Article)
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Movie Money: Understanding Hollywood's (Creative) Accounting Practices
(Article)
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Auditor Independence: Illusion Or Reality?
(Article)
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First AICPA Chair From Industry Represents Paradigm Shift
(Article)
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American Express Tax And Business Services Acquires Altschuler, Melvoin And Glasser
(Article)
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Development Of International Auditing Standards
(Article)
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AIPB Announces New Program To Certify Bookkeepers
(Article)
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Financial Executives Institute Appoints Philip B. Livingston As President And Chief Executive Officer
(Article)
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Arthur Andersen/NSBU Releases Survey Of Small And Mid-Sized Businesses
(Article)
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Accounting Firm Settles Software Copyright Claims
(Article)
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Tax Professionals Call For Radical Tax Code Changes
(Article)
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