Journal of Accountancy articles from February 2006

Journal of Accountancy archives from February 2006

Technology marches on.(publishing advances)
February 1, 2006... By now you've noticed the JofA has a totally new look. Actually the publication has undergone just such a metamorphosis about every 10 years--the last one in 1995. But it's never been a question of new for new's sake--it's always been to reap...

CPAs are a hot commodity.(certified public accountants)
February 1, 2006... Don't you wish you could look into a crystal ball to see what's ahead for the profession? So do we. But since that seems unlikely, we turned to Kent Bums, equity partner of MRINetwork's Indianapolis office, to get his take on CPA career...

A future that matters: an exit interview with the Chief Accountant of the SEC.(Securities and Exchange Commission chief accountant Donald T. Nicolaisen)(Interview)
February 1, 2006... As he packed up to leave his Washington office, Donald T. Nicolaisen shared some candid comments with the Journal of Accountancy on the profession, the politics and the people that have made up his world for the past two years. JofA: Do...

Phight Phraud: steps to protect against phishing.
February 1, 2006... You receive an e-mail that appears to be from your bank. You recognize the logo and the letter format. Its even signed by the bank officer you deal with. It says there has been a glitch in your account and asks for verification of some...

New kids on the block: more companies are hiring chief accounting officers.
February 1, 2006... EXECUTIVE SUMMARY * In the face of new regulatory demands, more companies are hiring chief accounting officers (CAOs) to handle everything from corporate accounting, financial reporting and internal controls to corporate tax and...

Meyners does a reality check: if at first you don't entirely succeed ... listen to your staff.
February 1, 2006... EXECUTIVE SUMMARY * Four years ago Meyners + Co. began an intensive business development initiative to align staff performance and compensation with its core values and competencies to better prepare employees to handle additional work....

When the boss trumps internal controls: what a difference a hotline, a routine audit and the right reporting chain could have made.
February 1, 2006... When a college was so broke it couldn't even afford copy paper, toner and other inexpensive supplies, it took some sleuthing to find the reason. This article summarizes the heroic efforts of one CPA, without pay or outside staff (or experience...

Surviving Katrina: tax breaks for victims of the costliest catastrophe in American history.
February 1, 2006... EXECUTIVE SUMMARY * The Katrina Emergency Tax Act of 2005 provides tax relief for residents and businesses in the hurricane-ravaged areas of Alabama. Florida, Louisiana and Mississippi. * Tax-friendly rules allow distributions and...

IRS eases extension request rules: a simpler way to file later.(from The Tax Adviser)
February 1, 2006... Temporary regulations issued under IRC section 6081 (TD 9229, 1i/4/05) simplify how individuals, partnerships and others can obtain an automatic six-month extension of time to file a number of income tax returns with a single request. The rules...