March 2003 - Journal of Accountancy

EXECUTIVE SUMMARY ACCOUNTING LITERATURE HISTORICALLY placed little emphasis on behavioral issues. However, recently, many organizations and researchers have recognized that emotional intelligence skills are critical to success. IN THE TUG-OF-WAR BETWEEN IQ AND EQ, the readily recognizable IQ (intelligent quotient) is being challenged by the lesser known EQ (emotional quotient)

EXECUTIVE SUMMARY SMALL BUSINESSES—ESPECIALLY THOSE that do not have regular audits—have every reason to worry about fraud. According to a recent report, the per-employee losses from fraud in the smallest businesses are 100 times greater than those at their largest counterparts. Thus, this is an area in which CPAs can

EXECUTIVE SUMMARY CLIENTS REDEEMED A RECORD AMOUNT OF MUTUAL FUND shares during the summer of 2002, apparently fed up with markets that continued to decline. CPAs can help these investors use the basis elections in Treasury regulations section 1.1012-1 and the capital loss provisions in IRC sections 1211 and 1212(b)

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