February 2005 - Journal of Accountancy

XBRL: A Structure for Business Data This month the JofA begins a series of articles exploring how XBRL can help CPAs, their clients and employers, financial institutions, regulators, rating agencies and individual and institutional investors issue or obtain business information in a standardized format for sharing and viewing in any

EXECUTIVE SUMMARY DON’T FAIL TO PLAN. CPAs have to get moving, experts say. Succession isn’t a process that can be done well under pressure or in a hurry. Firms need to address the issues of finding a new firm owner, nurturing future leaders, transitioning clients, codifying operating processes and drafting

     EXECUTIVE SUMMARY SARBANES-OXLEY HAS CHANGED the relationships CPAs have with the entities that employ them. Before, an audit committee was essentially an extension of a company’s board of directors, often rubber-stamping the CFO or CEO’s choice of auditor. Since the act, corporate boards and audit committees have taken

EXECUTIVE SUMMARY MANY OF THE CPAs WHO ARE HIRED AS chief audit executives for public companies will have the opportunity to start a new internal audit function or reshape an existing department in the wake of the Sarbanes-Oxley Act of 2002. BEFORE ACCEPTING THE OFFER, candidates should interview the management

Key to Instructions To help readers follow the instructions in this article, we used two different typefaces: Boldface type is used to identify the names of icons, agendas and URLs. Sans serif type shows commands and instructions users should type into the computer and the names of files. ne of

EXECUTIVE SUMMARY SINCE THE BEAR MARKET IN STOCKS STARTED FOUR years ago, hedge funds have become one of the hottest investment vehicles, growing at a rate of 20% a year. The hedge fund market is expected to increase to $1.5 trillion in the next two to five years. A HEDGE

If you feel like the world is changing faster than you can keep track of it all, you’re not alone. The JofA recently spent a day at the Office of the Chief Accountant of the SEC, talking about changes at the SEC, the world of regulation, the global marketplace and