Michigan CPA articles from January 1994

Michigan CPA archives from January 1994

President's prospectus. (proposed changes in Michigan's accounting regulations) (Column)
January 1, 1994... Today's business environment requires our profession to be flexible to keep pace with changing times. The restructuring of our profession is being directed from within and also by forces outside the profession. I will touch on four such...

Testing microcomputer applications. (audit applications)
January 1, 1994... In recent years, the accounting profession has made increasing use of the microcomputer on audit engagements. Some of the more common applications include ratio analysis, comparative review of account balances, summarization of account balances...

Understanding NAFTA. (North American Free Trade Agreement)
January 1, 1994... The basic purpose of any free trade agreement is to eliminate obstacles to free trade. Traditional agreements, such as the multilateral General Agreement on Tariffs and Trade (GATT), only addressed free trade of goods. The European Economic...

Federal tax tips.
January 1, 1994... Disguised Federal Tax Rates The Omnibus Budget Reconciliation Act of 1993 (Act) made permanent the following provisions: 1) the 3 percent cutback rule on itemized deductions on AGI over $108,405 in 1993 and 2) the phase out of personal...

Fiduciary responsibility. (overview of investment related ERISA requirements)
January 1, 1994... An Overview of Investment Related ERISA Requirements Today's retirement plan fiduciaries have increasing concern regarding investments and fiduciary liabilities. CPAs, as advisors, should counsel their clients about hiring a consultant to...