AT Think

The Public Company Accounting Oversight Board is planning to be on the lookout next year for lax auditing practices, especially as companies and accounting firms have cut back on staff members who should be minding the financial controls.

Today marks the beginning of a two-day program to advance African-Americans in accounting held at the Doubletree Hotel in Washington D.C.

The bipartisan deficit commission, faced with its December 1 deadline for delivering a final report on how to cut the federal debt and deficit, has revised the draft plan floated last month by its two co-chairs in an effort to get enough votes to approve a final report.

Here’s a message from the Texas Society of CPAs – the holiday season is the perfect time to school children in learning the importance of money consciousness, through gifts of affordable toys and board games that won’t break the bank.

The long-overdue $3.4 billion settlement of the federal government’s mismanagement of the accounting for royalties for the use of Native American lands was finally approved Tuesday in the House, along with a settlement of a related case involving black farmers who had sued the Department of Agriculture for discriminatory treatment.

IMGCAP(1)] As up and coming small business leaders, we know that hiring the right people, and helping them achieve to their highest potential, are two of our most important responsibilities. But which one is MORE important?

The Texas Society of CPAs says this holiday season is the perfect time for kids to learn the importance of “money-mindedness” with affordable toys and board games that won’t put a major dent in their parents’ bank accounts.

IMGCAP(1)] More than four years ago, I formed a group of diverse bookkeepers, CPAs, and accountants into a Chicago-area QuickBooks ProAdvisors group. That, of course, is the official name. We are more apt to call ourselves the Tax Season Survival Support System—a group of professionals (and friends) that joined together to form a unique support system around QuickBooks. We meet once a month over coffee and discuss QuickBooks, CPE, and other relevant topics.

The head of the Small Business Administration has added her voice to the drive for repeal of the expanded 1099 information reporting requirements in the health care reform bill.

CPAs are used to thinking about and planning for audits, but how many have considered the effect of not being able to produce that data? If you lost client information due to data corruption or a disaster, what would be the result to your practice?