CYNTHIA HARRINGTON is a freelance business writer. Her e-mail address is cynharrington@mindspring.com . or most large companies, the setup work to comply with the Sarbanes-Oxley Act is history. While no one says the process was easy or cheap, some companies are seeing added benefits from the enormous compliance effort. For
EXECUTIVE SUMMARY Return-on-equity (ROE) is the correct profit metric to evaluate the performance of a business. However, the primary emphasis on financial ratio analysis must be on operating performance. The “advanced” version of the DuPont model remedies the original model’s failure to cleanly separate the effects of operating and financing...
September 2005 - Journal of Accountancy
- Magazine
- September 2005
Tax Software Makes the Grade
ax practitioners had reason to celebrate this year: Their software, as assessed in the annual Journal of Accountancy survey of tax-preparation software, performed better than it did last year. Adding to the joy, they’re no longer threatened with the possible need to convert to a new software package to replace
Second-CPA-Firm Update
EXECUTIVE SUMMARY SMALL FIRMS CAN HELP COMPANIES implement the Sarbanes-Oxley Act’s ongoing requirements, take on engagements the company auditor may no longer perform or pick up assignments that larger firms forgo because they are too involved in Sarbanes-Oxley-related engagements. SECOND-CPA-FIRM WORK IS VARIED: One firm is tailoring a new
New Rules for Expats
DAVID A. LIFSON, CPA, is a partner at Hays & Company LLP (Globally: Moore Stephens Hays LLP), New York, and a member of the AICPA’s Tax Legislation and Policy Committee. His e-mail address is dlifson@haysco.com . PETER E. BENTLEY, Esq., is a manager at Hays & Company LLP. His e-mail
Looking Forward: A Talk With Leslie Murphy
Leslie Murphy, managing partner of client service for Plante & Moran, will become the AICPA chair at the Institute’s October annual meeting. The JofA will publish her acceptance speech in a future issue. eslie Murphy has had a distinguished career. As a member of the senior leadership team at Plante
Limit Practice Liability
SANDRA K. MILLER, JD, LLM, is a professor of business law and taxation at Widener University, Chester, Pa., and is an American Bar Association committee advisor to the National Conference of Commissioners on Uniform State Laws. JAMES J. TUCKER III, CPA, PhD, is an associate professor of accounting and taxation
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