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While the vast majority of senior executives are ethical, we constantly hear of corrupt chief executive officers, chief financial officers and politicians "raping" their stakeholders and spending lavishly for personal perks or using their positions to garner kickbacks that fatten their wallets.
December 14 -
Brussels - If you want to know how financial regulation legislation and accountancy reforms are shaping up in the EU, you need to glance back to the start of the century.
December 14 -
The Worker, Homeownership and Business Assistance Act of 2009 has given hard-pressed businesses a generous pre-holiday gift in its extension and expansion of the enhanced five-year net operating loss carryback provision under Code Sec. 172. Many economists predict an eventual windfall to businesses far in excess of the $10.5 billion 10-year cost estimated by the Joint Committee on Taxation. Even so, the Joint Committee forecasts front-loaded benefits of over $33 billion in 2010. To maximize this windfall, however, each taxpayer must carefully evaluate how its own facts and circumstances relate to certain variables and recommended strategies.
December 14 -
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To: Commissioners Schapiro, Aguilar, Casey, Paredes and Walter; Chief Accountant Kroeker
December 14 -
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In his letter ("Disgusted by the Top 100 People," Nov. 2-15, 2009), Mr. Conrad might have also mentioned that no one in your Top 100 People is truly a practitioner. The American Institute of CPAs and its acolytes have done everything possible to denigrate the concept of a professional practitioner. We do not honor top auditors or tax accountants or academics. We acknowledge insurance agents, book salesmen, tax-shelter promoters and various administrative slugs. Virtually no one on the list has made any difference to me during my 30-plus years of practice.
December 14