September 1997 - Journal of Accountancy

EXECUTIVE SUMMARY THE ASSURANCE SERVICES EXECUTIVE committees immediate task is to follow up on the work begun by the special committee on assurance services SCAS, also known as the Elliott committee , which had set in motion two interrelated processes: identification of new services by firms and by the AICPA.

Tax preparation software products are like comfortable old shoes: Even if theyre a little dated, youd prefer to keep them rather than go through the discomfort of breaking in new ones. But, like it or not, because the number of tax software vendors continues to shrink, many CPAs are left

EXECUTIVE SUMMARY THE $5.4 BILLION PHARMACEUTICALS concern Rhone-Poulenc Rorer has operations in roughly 100 countries. Wesley Riemer, the director of international tax planning, must have a thorough understanding of the multinational tax implications of the giant companys various business interests. BECAUSE THE COMPANY has a large number of cross-border transactions,

EXECUTIVE SUMMARY WHEN POSTING THEIR financial statements on the Internet, multinational companies do not always clarify under which countrys GAAS/GAAP the statements were audited or prepared. INCREASED GLOBALIZATION and Internet use makes clear GAAS and GAAP labeling essential. WITHOUT CLOSE STUDY, its hard to tell which is the true home

EXECUTIVE SUMMARY ANNUAL RAISES AND PROMOTION opportunities arent always enough. Managing the changing needs of professional staff requires individualized attention, specialized incentive programs and compensation plans more closely tied to individual achievement and performance. A STANDARD COMPENSATION PLAN or a firmwide incentive program will not have the same effect on

Online Issues · Exhibit 8 Exhibit 8: Business Forms Included in Tax Software Products Program    AM-Tax Pro AlPluslTax for Windows GoSystem for Windows Lacerte Tax Software Professional Tax System  ProSystem fx  Tax/Pack Professional  Tax Relief-Windows  Tax$imple  TaxWorks  TurboTax ProSeries  Ultra Tax Vendor AM Software Arthur Andersen LLP CLR Lacerte

Online Issues · Exhibit 7 Exhibit 7: Forms Supported in Tax Software Products Program   AM-Tax Pro AlPluslTax for Windows GoSystem for Windows Lacerte Tax Software Professional Tax System  ProSystem fx  Tax/Pack Professional  Tax Relief-Windows  Tax$imple  TaxWorks  TurboTax ProSeries  Ultra Tax Vendor AM Software Arthur Andersen LLP CLR Lacerte Software TaascFORCE

Online Issues · Exhibit 6 Exhibit 6: Individual Federal Tax Forms Supported Program    AM-Tax Pro AlPluslTax for Windows GoSystem for Windows Lacerte Tax Software Professional Tax System  ProSystem fx  Tax/Pack Professional  Tax Relief-Windows  Tax$imple  TaxWorks  TurboTax ProSeries  Ultra Tax Vendor AM Software Arthur Andersen LLP CLR Lacerte Software TaascFORCE

Online Issues · Exhibit 5 Exhibit 5: Business and Estate Returns States and Areas Available Program    AM-Tax Pro AlPluslTax for Windows GoSystem for Windows Lacerte Tax Software Professional Tax System  ProSystem fx  Tax/Pack Professional  Tax Relief-Windows  Tax$imple  TaxWorks  TurboTax ProSeries  Ultra Tax Vendor AM Software Arthur Andersen LLP CLR

Online Issues · Exhibit 4 Exhibit 4: 1040 States and Areas Available Program    AM-Tax Pro AlPluslTax for Windows GoSystem for Windows Lacerte Tax Software Professional Tax System  ProSystem fx  Tax/Pack Professional  Tax Relief-Windows  Tax$imple  TaxWorks  TurboTax ProSeries  Ultra Tax Vendor AM Software Arthur Andersen LLP CLR Lacerte Software TaascFORCE

Online Issues · Exhibit 3 Exhibit 3: Capabilities and Characteristics of Tax Software Program   AM-Tax Pro AlPluslTax for Windows GoSystem for Windows Lacerte Tax Software Professional Tax System  ProSystem fx  Tax/Pack Professional  Tax Relief-Windows  Tax$imple  TaxWorks  TurboTax ProSeries  Ultra Tax Vendor AM Software Arthur Andersen LLP CLR Lacerte Software TaascFORCE

Online Issues · Exhibit 2 Exhibit 2: Renewal Price Comparisons for Tax Software Program  AM-Tax Pro AlPluslTax for Windows GoSystem for Windows Lacerte Tax Software Professional Tax System  ProSystem fx  Tax/Pack Professional  Tax Relief-Windows  Tax$imple  TaxWorks  TurboTax ProSeries  Ultra Tax Vendor AM Software Arthur Andersen LLP CLR Lacerte Software TaascFORCE

Online Issues · Exhibit 1 Exhibit 1: 1997 Tax Software Review   WIN 95 WIN 95 WIN 95 WIN 95 WIN 95 WIN 95 WIN 95 Program AM-Tax Pro AlPluslTax for Windows GoSystem for Windows Lacerte Tax Software Professional Tax System ProSystem fx Tax/Pack Professional Tax Relief-Windows Tax$imple TaxWorks TurboTax

EXECUTIVE SUMMARY THE AICPA HAS COMPLETED TWO projects to identify “best practices” for accounting consultations and auditor communications with boards of directors and audit committees. These practices are intended to help CPA firms evaluate and enhance their policies and procedures in these critical areas. IN FIRMS THAT FOLLOW BEST PRACTICES,

EXECUTIVE SUMMARY AS INDEPENDENT CONTRACTOR USE grows, it is important for CPAs to help their employers manage contractor relationships properly. Failure to adopt effective preventive practices can lead to liabilities arising from unemployment, workers compensation, employee benefits, overtime and employment discrimination violations as well as unexpected costs. WHILE THE IRS