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July 17, 2008



Publisher's Note

Have you ever had an employee or co-worker do something damaging or disgusting upon leaving your firm or company? Well, here's a good one. I read about a woman who worked for a New York City publishing firm who left a foul-smelling statement upon getting fired. Nothing was immediately noticed, but apparently, about a week after her dismissal a stench spewed forth from the woman's cubicle. The woman had sandwiched a whole salmon between two papers in a file cabinet. No tartar sauce was to be found.

If you have a great story to share about the escapades of exiting employees, please e-mail me. Dig deep!

Rob Nance
Publisher
AccountingWEB, Inc.
publisher@accountingweb.com



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Another look at our profession
Roger Grabowski's presentation on the Future of the Valuation Profession at the recent NACVA Business Valuation Conference in Las Vegas was insightful and thought provoking....

Bill Kennedy:
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It's MY data, dammit!
The story you are about to read is true. The names have been changed to protect the innocent. It was Tuesday, July 8, a smoggy day in the metropolis. My name is Joe Friday, and I implement business systems....


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Top News

SEC roundtable looks at fair value in retrospect

Panelists at a July 9 Securities and Exchange Commission roundtable from affected communities that included auditors and preparers exchanged views on the challenges of implementing fair value standards, principally FAS 157, during the past few months, conducting what Thomas J. Linsmeier, of the Financial Accounting Standards Board called a "welcome post mortem" after a "baptism of fire." more

Global talent shortage continues in accounting and finance
Group interview technique becoming popular at more hiring levels


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Visit trainingcpe.thomson.com/AuditWatch or call 800.775.9866 for more CPE information and to register for seminars in cities nationwide. AuditWatch is part of the Tax & Accounting business of Thomson Reuters.


Firm/State News

Pennsylvania CPA firm wins Psychologically Healthy Workplace Award

Smith Elliott Kearns & Company, LLC (SEK&Co) has been presented with a Psychologically Healthy Workplace Award from the Pennsylvania Psychological Association. The award acknowledges the efforts utilized by companies to develop and maintain a supportive work environment. The firm was selected as one of four businesses in the state of Pennsylvania to receive this prestigious award. more

McGladrey donates $10K to Red Cross for flood relief
McGladrey and golf pro Natalie Gulbis announce essay contest


Ranked #6 on Entrepreneur Magazine’s Top 20 Low-Cost Franchises

If you possess an entrepreneurial streak, consider your own income tax franchise. Liberty Tax is the fastest growing income tax franchise in the industry. Entrepreneur Magazine ranked Liberty Tax as #23 on its Franchise 500 overall list of best franchises and #6 on the list of top 20 low-cost franchises. Benefit from a comprehensive turnkey business model and receive complete training, proven marketing strategies, and the support of the Liberty Tax corporate team and a family of franchisees. For more information go to Liberty Tax franchise information.


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Student News

PwC announces rollout of IFRS classroom training materials

In a speech to accounting professors and corporate executives here at PwC University for Faculty, PricewaterhouseCoopers U.S. Chairman and Senior Partner Dennis Nally announced the firm's release this month of a full suite of educational tools and programs designed to help American accounting students learn the fundamentals of International Financial Reporting Standards (IFRS). more

Southeastern Louisiana University appoints accounting professor as interim president
KPMG awards $10,000 scholarships to 41 minority students


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At The Crossroads

by Gale Crosley CPA

Joe Abriola has a problem—a big problem. Managing partner of a prosperous Minneapolis CPA firm, Joe has just learned that his partners are on the vergeof mutiny. Why are they so upset? It's him!—or, rather, it's the way he's let their practice slide intocomplacency. Why are other CPA firms growing so fast when theirs isn't?
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Questions & Advice

Choice between post-Baccalaureate and Masters

A reader would like tome opinions on whether to pursue a second baccalaureate degree or go for a masters. What do you think? Respond Now

Staff loan

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