AT Think

Those at www.passionateaccountant.com think so. In case you haven’t heard it yet, there’s a new ring tone floating around the Internet that is – wait for it – a rap song.

Should privately held companies get their own accounting standards board?

IMGCAP(1)] I love a good party. I also love to support my clients, so if one of them is throwing a grand opening or hosting a Friday barbeque, I make great effort to attend. It’s fun and it’s good for business—offering another touch point with my clients.

Investment bank Goldman Sachs has decided to forgo a tax deduction on the unprecedented $550 million penalty and disgorgement it agreed to pay last week to settle SEC charges.

Forty-two percent of those between the ages of 30 and 44 are looking for career growth and change, according to a study analyzing degree search behavior sponsored by EducationDynamics, a company that works with higher learning institutions to help find, enroll and retain students.

Tommaso Padoa-Schioppa, the recently appointed chairman of the board of trustees of the International Accounting Standards Committee Foundation, which oversees the International Accounting Standards Board, is worried about the U.S. backing out of the convergence effort.

IMGCAP(1)] Being a business student in the Northeast, more specifically the small state of Rhode Island, I expected my first work-related experience to be at a local firm or business. However, this couldn’t be further than what recently happened to me. As it turned out, this experience and a trip to the West Coast were one in the same.

Accountants have a duty to safeguard their clients’ confidential data, but that’s not always easy with computer files, which can be easily whisked off a PC whilst someone is away from their desk or disappear with a lost laptop.

IMGCAP(1)] Dear Rebecca,

The death of Yankees owner George Steinbrenner on Tuesday has saved the family an estimated $600 million on its taxes, thanks to this year’s disappearance of the estate tax.