Catalyst (Dublin, Ohio) articles from September 2004

Catalyst (Dublin, Ohio) archives from September 2004

Appreciate your power.(A message FROM THE CHAIR)
September 1, 2004... I was staining my deck the other day, and as I worked, I reflected on what a privilege it is to live in a country where I am able to own and maintain personal property. Beyond personal property, we also have the privilege to make our opinions...

Letter in July/August Catalyst regarding "the leaders' roundtable".(Letters)(Letter to the Editor)
September 1, 2004... A response to Mr. Fay's letter that appeared in the July/August 2004 Catalyst critical of my comments: Mr. Fay--As one of the panelists that you referred to often in your letter to the editor, let me begin by saying that I agree entirely...

Ohio Supreme Court dismisses Tax Repeal suit.(Ohio)
September 1, 2004... The Ohio Supreme Court unanimously dismissed a lawsuit brought by Citizens for Tax Repeal. The suit was an attempt to force Secretary of State Kenneth Blackwell to accept the group's petitions, and therefore initiate a repeal of the one-cent...

Tax breaks used to lure Dell to Ohio.(Ohio)
September 1, 2004... State officials have offered Dell Inc. a $2.9 million tax break to develop a distribution center in West Chester, Ohio. According to the Ohio Department of Development, the center would generate 665 full-time positions for the township. ...

Budget shortage threatens tax rollback in Cincinnati.(Ohio)
September 1, 2004... Cincinnati will experience a $10.5 million deficit next year, not including permanent spending cuts or revenue increases. By 2006, the deficit is expected to reach $19 million, and soar to $71 million by 2008. Some city administrators say...

Ohio will receive $7.2 million after improper Claritin rebates.(Ohio)
September 1, 2004... Schering-Plough Corp. will award Ohio $7.2 million after the company failed to reimburse the state's Medicaid program. According to federal law, Medicaid is supposed to receive the best price for a specific drug from pharmaceutical companies....

AICPA Ethics Committee proposes outsourcing disclosure rule.(National)
September 1, 2004... The AICPA's Professional Ethics Executive Committee is proposing revisions to the Code of Professional Conduct regarding the responsibility of members who outsource services to third-party service providers. The exposure draft contains...

SOX 404 compliance costs soar above original estimates.(National)
September 1, 2004... SOX 404 compliance costs are expected to be 63 percent more on average than original estimates, according to Financial Executives International (FEI). The group surveyed 224 companies with average revenues of $2.5 billion in both January and...

SEC to assess benefits of XBRL.(National)
September 1, 2004... The SEC announced it will seek public comment on the costs and benefits associated with tagged data in financial report filings. In addition, the SEC will consider a staff proposal to accept voluntary supplemental filings of financial data...

IRS initiates new database, processing system.(National)
September 1, 2004... The IRS has a new way of doing business. A modernized system designed to replace the IRS central database of taxpayer account information has processed its first live returns. The returns being processed are the most basic of 1040EZ forms and...

Report reinforces need for SOX standards.(National)
September 1, 2004... The typical organization loses 6 percent of its annual revenues to occupational fraud, according to a report from the Association of Certified Fraud Examiners. The report strongly supports the Sarbanes-Oxley requirements for audit...

WesBanco expands Ohio reach.(National)
September 1, 2004... Western Ohio Financial Corp. (WesBanco) shareholders voted to accept the terms of its acquisition agreement, allowing the Wheeling, WV-based banking company to continue its expansion across Ohio. With state headquarters in Springfield,...

NYSE wants greater acceptance of electronic trading.(National)
September 1, 2004... The New York Stock Exchange wants to give traders the choice to have their trades executed electronically or by a specialist on the floor. The NYSE reported to the SEC that it wants traders to have the option of executing trades...

Summing up: financial literacy life cycle.(Newsflash)
September 1, 2004... The typical college student has three credit cards with an average balance of $2,748 per card. For every dollar it earns, the average American family spends $1.22. Only 1/3 of retirement age Americans feel they know how to plan for...

Future CPAs: reaching today's students for tomorrow's profession.(Cover Story)
September 1, 2004... If only recruiting young accountants were as easy as the NFL Draft. If it were, every year the companies and firms most in need of a talent infusion would simply pick the most talented people from a seemingly endless pool of qualified...

Student stories: what student ambassadors have to say about recruiting "the best & brightest".
September 1, 2004... Declaring a major is the most important decision a college student will make. A strong job market and a variety of career opportunities make an accounting degree very attractive. However, preconceived ideas about CPAs and the accounting...

Helping Americans become financially literate: national initiative offers opportunities for Ohio CPAs.
September 1, 2004... A new kind of illiteracy rate is on the rise in the United States. Stories of Americans going into debt, filing for bankruptcy, or failing to build adequate retirement savings are painting a grim picture of the country's financial health....

New AICPA Quality Center: provides resources for ERISA audits.
September 1, 2004... Thanks to the American Institute of CPAs (AICPA), CPAs now have a faster, better way to stay on top of ERISA auditing. The Employee Benefit Plan Audit Quality Center offers a firm-based, voluntary membership Center for firms that audit...

Networking: beyond the business cards.
September 1, 2004... You return from a CPE program and begin to empty your pockets. As you toss out a couple of receipts and some change, you also find several business cards. The problem is, you can't remember who the people are or why you have their cards. You...

A matter of trust: does your organization need an ethics officer?
September 1, 2004... A New Business Era One of the key operational strategies to assist a business or CPA firm in the post-Enron era is the selection of a "go-to person" on ethics issues--often referred to as an "ethics officer." (1) Indeed, the vast majority...

Self-assessment exam.
September 1, 2004... Catalyst -- September/October 2004 The self-assessment exam is provided as a convenient method for CPAs to earn CPE credit by reading Catalyst: The Leading Edge of Ohio Business. The exam consists of 25 multiple-choice questions covering...

Election 2004: the Ohio Society of CPAs 2004 endorsement slate.(Capitol Access)
September 1, 2004... Election Day 2004 is right around the corner, and while this year's presidential election is at the forefront of everyone's mind, Nov. 2 is also the day Ohioans will decide the winner of numerous Ohio General Assembly races, choose the majority...

A down-to-earth look at satellite broadband.(Gadgets & Gizmos)
September 1, 2004... If your organization is implementing a teleworking (aka telecommuting, remote worker or distance working) model as a means of reducing overhead, or if you require a method of directly connecting remotely-located employees, equipping these...

What is the Windows XP Service Pack 2? Am I vulnerable to viruses without it?(Ask IT)
September 1, 2004... In response to new security threats, Microsoft has a new product to help users take a proactive approach to protecting their information. To that end, Microsoft is launching the Windows XP Service Pack 2, also commonly referred to as...

Member initiatives: what has it done for you lately?(Member Initiatives)
September 1, 2004... Have you benefited from the Society's new member initiatives program yet? Chances are you have, and you may not have even known it. Member initiatives events are the same as former chapter events, except The Ohio Society leverages staff skills...

Accounting program inspires future business leaders.(Members Only)
September 1, 2004... Forty-five minority high school students from around Ohio got a glimpse of their future during the ninth annual Accounting Careers Awareness Program (ACAP-Ohio) held June 27-July 1. The program, sponsored by The Ohio Society of CPAs and the...

A new health insurance tax credit.(Academic Perspectives)
September 1, 2004... On March 15, 2004, the Wall Street Journal reported the results of a recent survey regarding the economic concerns of the nation. Of those surveyed, 47 percent indicated concerns ranging from the "shrinking availability of health care and...

Deloitte & Touche LLP.(Columbus)
September 1, 2004... W. Michael Fritz, CPA of Deloitte & Touche LLP received Ohio University's top alumni award for accounting, the Glenn E. Corlett Alumnus in Practice Award. [ILLUSTRATION OMITTED]

CPAs & Associates, LLC.(Columbus)
September 1, 2004... Aram L. Moore, CPA has been named audit manager at Fentress, Brown, CPAs & Associates, LLC.

Certified Forensic Financial Analyst.(New Albany)
September 1, 2004... Bradford S. Eldridge, MBA, CPA/ABV, ASA, CIRA of GBQ Partners LLC has earned the designation of Certified Forensic Financial Analyst (CFFA).

Fentress, Brown, CPAs & Associates, LLC.(Powell)
September 1, 2004... Stacey J. Reagle, CPA has been named audit supervisor at Fentress, Brown, CPAs & Associates, LLC.

Cohen & Company.(Akron)
September 1, 2004... Tony Constantine, CPA has been promoted to manager in the Tax Department at Cohen & Company. [ILLUSTRATION OMITTED]

Rea & Associates.(Bolivar)
September 1, 2004... Mindee Johnson, CPA has joined Rea & Associates as government services manager.

Adam Hill, Matt Griswold, CPA, and Steve Wank, CPA have been promoted to manager in the accounting & auditing services department of Cohen & Company.(Cleveland)
September 1, 2004... Adam Hill, Matt Griswold, CPA, and Steve Wank, CPA have been promoted to manager in the accounting & auditing services department of Cohen & Company. Julie Mace has been promoted to senior in the accounting & auditing services department and...

Kolita & Company.(Fairport)
September 1, 2004... Carol-Ann Schindel, CPA, CVA of Kolita & Company recently received 2003 Businessman of the Year award.

J.P. Marsch & Co.(Hubbard)
September 1, 2004... J.P. Marsh, CPA of J.P. Marsch & Co., CPAs has received a certificate of excellence by The Historic Florida Keys Foundation, Inc.

YWCA Women of Professional Excellence Award.(Hudson)
September 1, 2004... Kristin Reiboldt Fischer, CPA, chief financial officer of Roetzel & Andress, has been presented the YWCA Women of Professional Excellence Award for 2004. [ILLUSTRATION OMITTED]

Clifton Gunderson, LLP.(Toledo)
September 1, 2004... Todd L. Deindoerfer, CPA has been elected partner at Clifton Gunderson, LLP. [ILLUSTRATION OMITTED]

Forum Health.(Warren)
September 1, 2004... Lisa M. Medovich, CPA is now the corporate director of internal audit for Forum Health. [ILLUSTRATION OMITTED]

Cohen & Company.(Youngstown)
September 1, 2004... Teresa Dyke, CPA has been promoted to manager in the accounting & auditing services department of Cohen & Company. [ILLUSTRATION OMITTED]

Technical Reviewers' Advisory Task Force.(Cincinnati)
September 1, 2004... Thomas O. Bowns, CPA, partner at Melott & Mellott, PLL, has been accepted as a member of the AICPA Peer Review Program Technical Reviewers' Advisory Task Force (TRATF). Bowns is the first Technical Reviewer from Ohio to serve on this national...

Kentner Sellers, LLP.(Jackson Center)
September 1, 2004... Kristen Davis has been promoted to accounting senior with Kentner Sellers, LLP. [ILLUSTRATION OMITTED]

Kentner Sellers, LLP.(Troy)
September 1, 2004... John Stangel, CPA has been promoted to manager with Kentner Sellers, LLP. [ILLUSTRATION OMITTED] * The Ohio Society welcomes submissions to the Members in Motion column. Send photos and accomplishments to the Editor at...

The Ohio Society Town Hall series 2004.
September 1, 2004... Located in nine cities across the state and offered for the first time as a Web cast, the 2004 Town Hall Meetings invite members to share their opinions and concerns about current issues facing the profession. Join local leaders as they bring...

Gain an edge: educational opportunites.(Calendar)
September 1, 2004... Registration Fees ** Member -- This fee applies to Ohio Society members and affiliates, or members of other state societies. ** Non-member -- All individuals who qualify for membership in The Ohio Society and choose not to be...