June 2006 - Journal of Accountancy

nce they earn their college degrees and embark on careers, many CPAs are perfectly happy never to see the inside of a classroom again. But others can’t wait to return. What happens when they follow their hearts and minds back to campus? To find out, we interviewed eight professionals—seven CPAs

  EXECUTIVE SUMMARY Two groups of files— programs and data—need to be backed up, and each requires different timing and a different method. One of the most powerful tools for copying everything is Norton Ghost, which can make a complete snapshot of your entire hard disk. If your computer fails

EXECUTIVE SUMMARY IRC section 199 provides a permanent and recurring deduction equal to 3% to 9% of the lesser of qualified production activities or taxable income, which cannot exceed 50% of W-2 wages paid. The deduction applies to activities related to installing, developing, improving or creating goods that are “manufactured,

Those of us who lived through Hurricane Katrina’s devastation in the Gulf states also experienced countless acts of kindness. We want to acknowledge that tremendous outpouring of support. We regret we don’t have the space to recognize individually the thousands of stories of helpfulness and courage. —Grady Hazel, executive director,

EXECUTIVE SUMMARY Always keep your computer upgraded with the latest software. Sometime this year Microsoft is scheduled to introduce its next operating system, Vista. Consider waiting six months or so for the worst of the bugs to be worked out, and buy a new computer with Vista already installed. Be

EXECUTIVE SUMMARY Customer relationship management (CRM) is about organizing client information so you can readily use it in appropriate, thoughtful communication and actions that strengthen the bond between the firm and the client. There are a variety of software packages to help manage a CRM program. Software can be hosted

EXECUTIVE SUMMARY Private companies and charities aren’t required to comply with the Sarbanes-Oxley Act. But they can adopt some of its requirements as best practices. Cherry-picking the provisions that will help them the most means they can get maximum benefit at minimum cost. Among the private entities that might want

EXECUTIVE SUMMARY SAS no. 103 establishes standards and provides guidance for auditors to follow when documenting their work during audits of private companies. It is effective for audits of financial statements of such companies for periods ending on or after December 15, 2006. The terms must, should and may as