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JUNE
Features |
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Multidisciplinary Practices: Big Changes Brewing for
the Accounting
Profession (Article)
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By Jack Baker,
Randall K. Hanson, and
James K. Smith
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Multidisciplinary practices promise
to transform the relationship between the accounting
and legal professions. The American bar Association, howevere, deferred a recommendation to allow
attorneys to share fees with nonattorneys. But its only a deferral.(Article)
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The CPA Journal Millennium
Series |
| Are International Auditing
Standards Ready to Replace U.S.
GAAS?
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By James L.
Craig, Jr., with Douglas R. Carmichael
and
Dan M. Guy
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International accountign
principles have made headway with standards setters, but
internaional auditing standards are still on the sidelines.
The CPA Journal
met with IFAC Techincal Director Jim Sylph to
discuss the prospects.(Article)
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| Audit
Committees in
an Era of Increased
Scrutiny
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By Robert W.
Rouse and
Mark R. Borrelli
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The
role of the audit committee in the financial reporting process
has never been more important, as evidenced by the quick spread
of new rules from the SEC and self-regulatory
organizations.(Article)
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| Expensing Election Under Section
179
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By Melvyn
Poswolsky
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Taxpayers
can deduct a sizeable amount in qualifying IRC
section 179 property. Striking the right balance between
expensing and deducting purchases can maximize tax savings.(Article)
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| IRS Revisits
Commuting Expense Deductions
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By Kaye F. McClung
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The way Americans work has
changed substantially in the last few decades.
In keeping with the times, recent revenue
rulings allow for a greater deductibility for what are typically
thought of as commuting expenses.(Article)
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Evaluating
Accounting Software Consultants
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By Eyal Feiler
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Successfully implementing accounting software requires a mix of skills in several fields. The author discusses
a number of factors to consider when slecting the right consultant
for the project.(Article)
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