The Latest

SEC APPROVES PCAOB FOREIGN INSPECTION DELAY

Technology is the accelerator for improving performance and meeting client requirements in today's economy. You can do more with less, but reducing investments in training and technology (as some have done this past year) only results in making your business less competitive.

International Accounting Standards Board Chairman Sir David Tweedie told a group of European finance officials that the IASB and the U.S. Financial Accounting Standards Board are on track to converge their standards by June 2011, after which there will be a period of stability in accounting standards.

TOP 100 FIRMS UPDATE

About 160 partners and professionals at Denver-based CPA and business advisory firm Hein & Associates receive a quarterly report on the status of their continuing professional education requirements.

Companies in the clean tech industry are garnering more attention these days, especially from CPA firms that see the sector as having big potential for growth.

In a classic episode of The Bob Newhart Show, Bob and his wife Emily have mapped out a three-month cruise around the globe when Bob begins to have second thoughts: "I'm not saying we're going," he mutters to his now-seething bride. "But then again, I'm not saying we're not going."

BRAZIL

In an economy still struggling on many fronts, installment sales offer a useful tool for many taxpayers to create liquidity to buy and sell property in an otherwise "credit-sparse" environment. With correct planning, the installment method can also defer taxable gain on these sales and, therefore, provide an additional reason to commit to an installment sales strategy.

Our most recent column ("To the SEC: Forget the timetable and stop the runaway train," March 15-April 18) reported that the Financial Accounting Standards Board and the International Accounting Standards Board are racing to complete a long list of major projects. We warned that this dash will produce less than the best standards, and promised to describe some specifics, leases in particular.