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 Forensics
Litigation Support and Risk Management for Pretrial Discovery
of Electronically Stored Information
Most
organizations are eventually involved in litigation, and
the increasing frequency of litigation often requires litigation
support and careful records management. Familiarity with
electronic data discovery (EDD) is necessary to conduct
internal investigations, as well as to identify and disclose
electronically stored information (ESI) to litigation opponents,
regulators, or prosecutors. Many potential parties to a
lawsuit are not knowledgeable about electronic records management
(ERM) practices or their legal obligations when served with
a discovery request. Accountants often serve important roles
in litigation support and as expert witnesses. Indeed, Deloitte
and KPMG are among the top 10 EDD service providers.
Full
Story |
Should Non-CPAs Be Allowed to Co-Own CPA Firms?
Pop quiz: What percent of a CPA firm must be owned
by CPAs? As with many CPA-practice issues, the answer depends
on where you live. In New York State, 100% of a CPA firm
must be owned by CPAs, but New York is an exception to the
general rule. Most states have enacted a version of the
Uniform Accountancy Act (UAA), which requires that a simple
majority interest in a CPA firm be held by CPAs. In those
states, non-CPAs can own up to 49% of a CPA firm.Full
Story
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 Welcome
to the World of Web 2.0
Over
the past 10 years, most professionals have probably become
acclimated to using the World Wide Web—e-mailing colleagues
and clients, using search engines to verify information,
downloading forms from the IRS’s website. If all of
these common activities could be considered version 1.0
of the web, then the newest technologies could be called
“Web 2.0.” Full
Story |