The Daily Reviewer | Accountants Round Up

"Accountancy Profession Becoming ‘Closed Shop’ For Rich"

Sep 11, 2009 6:49am

By Paul Grant: Breaking into the accountancy profession is becoming increasingly difficult for those from low income families, according to a government report. The study into social mobility found that top professions are being closed off to all but the......

"Financial Reporting Complexity: Can It Be Reduced?"

Sep 10, 2009 7:08am

By Dan Meyer: The Global Accounting Alliance, a group of accounting standard-setting bodies from throughout the world, recently met in New York to discuss complexity in financial reporting. They found some agreement on the desirably of simplifying financial reporting but......

Accountants Round Up is Retiring

Sep 9, 2009 11:02am

Dear loyal readers, it is time for ARU to bid you farewell after this week. We greatly appreciate your readership and trust over the past few years and it has been enjoyable to serve you with a collection of emerging......

"EU: Banks Using Looser Accounting Rules"

Sep 9, 2009 7:28am

By Brussels (AP): European banks are increasingly using looser accounting rules to report a higher value in their 2008 accounts for complex investments that depreciated during the financial crisis, EU market supervisors said Wednesday. Rules which required assets to be......

"Accounting Not To Blame For Financial Crisis"

Sep 8, 2009 7:23am

By Mario Christodoulou: Accounting rule makers should remain independent from `undue commercial and political pressures', a group of recognised leading financial experts has warned in a report which defends accounting standards as `not a root cause of the financial crisis'.......

"Financial Services Careers: Rising Tide of Regulation"

Sep 4, 2009 7:26am

By Nick Huber: It’s shaping up to be the year of regulation as well as recession, with the government introducing a new regulatory framework in response to the banking crisis. Earlier this month the government unveiled its long-awaited financial white......

"More on Health Care Reform: Congress Apparently Sweet on Soda Tax"

Sep 3, 2009 7:36am

By TAXGIRL: Though the health care reform bill has officially been tabled until after the break, there is still work to do in Congress before a vote can be scheduled. At the top of the list? Find a way to......

"Social Media: Just Get Plugged In Already"

Sep 2, 2009 7:25am

By Liz Gold: It’s not about the technology, it’s about the relationships. This mantra comes from Tom Hood CPA and president of the Maryland Association of CPAs. Of course, he’s right – when talking about social media. In a recent......

"Managing Your Time During the CPA Exam"

Sep 1, 2009 7:21am

By Roger CPA Review: You’ve gotten past the first four screens. Now, it all comes down to earning 75 points before the time runs out. No, it’s not a video game. It’s the CPA Exam, and it’s a balancing act......

"CPA as Client Trustee"

Aug 31, 2009 7:37am

By Christopher D. Carico: The family CPA is often the best choice as successor trustee of the family trust. As a group, CPAs are highly educated, detail oriented, tax-sensitive and cost conscious. Since a trustee’s duties include preparing an annual......

"Financial Crisis Creates Fair Value Skeptics"

Aug 28, 2009 9:21am

By WebCPA Staff: Turmoil in the financial markets has negated the value of fair value accounting, according to more than half the respondents to a new survey. The survey of financial professionals’ views on fair value accounting by valuation-related service......

"Getting Started in the World of Social Media"

Aug 27, 2009 8:25am

By Brian Swanson: As a new or young accountant there are a number of responsibilities and challenges on your plate. Much of your time is dedicated to training on regulations (such as GAAP, tax codes, etc), internal firm processes, the......

"Accountants Loyal Now, but May Jump Ship When Economy Rebounds"

Aug 26, 2009 11:17am

By AccountingWEB: The accounting profession, when compared to the rest of the U.S. job market, has held up well in terms of job losses, shedding less than 2% of jobs since June 2008. Perhaps as a result, accountants are loyal......

"Help wanted: Accounting PhDs"

Aug 25, 2009 7:44am

Posted by Marge O’Reilly-Allen and David Wagaman: The accounting profession is facing yet another challenge: a severe shortage of doctorally qualified faculty to teach the next generation of accountants. A growing demand for accounting professors has resulted in an inadequate......

"Twitter 101 for Law Firms and Other Businesses: From Twitter"

Aug 24, 2009 7:52am

By Kevin O'Keefe: Twitter reached out to the business community this past week with a Twitter 101 for businesses at business.twitter.com of all places. It's an excellent resource for lawyers and law firms. Every day, millions of people use Twitter......

"Despite Slowdown, Accounting Salaries Rising"

Aug 21, 2009 11:32am

By A.E. Feldman: As many industries lose stability amid the economic crisis, the accounting profession is actually weathering the storm. That’s among the findings of a recent survey from the Institute of Management Accountants (IMA). The study shows that accounting......

"More Stringent Accounting Ethics Code Released"

Aug 20, 2009 4:11pm

By WebCPA Staff: The International Federation of Accountants and the International Ethics Standards Board for Accountants have issued a revised Code of Ethics for Professional Accountants that strengthens the independence requirements of auditors. The revised code, which takes effect on......

"Bye, Bye Batch Processing"

Aug 19, 2009 8:05am

By Trish McIntire: We know the drill. If the taxpayer hasn't received their tax refund by Tuesday, they won't get it until the next week. The IRS mails the checks on Friday because they batch process the returns. Noon on......

"Computerized CPA Exam Reaches One Million Mark"

Aug 18, 2009 9:31am

By AccountingWEB: The computerized Uniform CPA Examination has achieved one million administrations, according to the American Institute of Certified Public Accountants, National Association of State Boards of Accountancy and Prometric, the three parties in charge of the exam. "The significance......

"Graduates Seek Security in Government Jobs"

Aug 17, 2009 6:49am

By Accountancy Age: Aspiring accountants are looking to the public sector for job security as interest wanes in the troubled banking sector following the global financial crisis. Graduates searching for work in the finance sector are increasingly enrolling in courses......