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Accounting firms and jurors have something in common. Judges are now instructing jurors not to go on the Internet to research any aspect of the case. This direction is made necessary because many deliberating jurors, when they go home at night, are improperly looking up on the Internet definitions of legal terms, reading the text of the applicable law, researching cases, and searching for information about parties to the case. This urge to go on the Internet is quite natural and expected, but can result in a mistrial. With so much information easily accessible, it is an almost automatic reaction to go to the Internet when a question pops up in one’s head.
March 24 -
A jury deadlocked last week in the second trial of former Arthur Andersen partner Daniel F. Stulac over the firm's audit of Peregrine Systems.
March 24 -
The American Payroll Association has launched a new association for accounts payable professionals.
March 24 -
CCH said its Accounting Research Manager database has added daily e-mail updates at no additional cost to the service.
March 24 -
The Securities and Exchange Commission has charged Canadian pharmaceutical company Biovail and its former CEO and CFO and two current senior executives with engaging in fraudulent accounting schemes and making a series of misstatements to analysts and investors.
March 24 -
Software developer Compliance Coach introduced CompliancePal, a product intended to help businesses comply with new rules for safeguarding against identity theft.
March 24 -
In life there are certain words and terms that are, shall we say, polarizing.
March 23 -
Former KPMG tax partner Robert Pfaff has been indicted on new charges alleging he participated in a tax shelter scheme involving the Big Four firm and a company located in Saipan in the Northern Mariana Islands.
March 23 -
The American Institute of CPAs said its members have been answering tax questions for USA Today as part of an annual effort to provide online tax assistance to readers.
March 23 -
The AICPA said it has sent a letter to the Internal Revenue Service urging its agents to be aware of "scriveners' errors," or unintentional mistakes, in the drafting of employee benefit plans.
March 23