|JANUARY 17, 2008|
Features"The dog ate my tax return" won't fly with the IRS
The Internal Revenue Service has issued a notice that lists four additional erroneous legal positions that taxpayers should refrain from using as an excuse to avoid paying their taxes.
FASB launches verification phase for Accounting Standards Codification for GAAP
The Financial Accounting Standards Board has officially launched the one-year verification phase of the FASB Accounting Standards Codification. After addressing the issues raised during the constituent feedback process, the FASB is expected to formally approve the Codification as the single source of authoritative U.S. GAAP, other than guidance issued by the Securities and Exchange Commission.
Fidelity opens flagship Magellan Fund to new investors
For 45 years, Fidelity Magellan Fund, a well-known name in mutual fund history, has helped millions of Americans reach their financial goals. For the first time in 10 years, the fund is open to new investors.
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Linda Cavanaugh, CPA: Plugged In
SEC issues two new SABs
In November and December, the SEC issued two new Staff Accounting Bulletins No. 109, "Written Loan Commitments Recorded at Fair Value through Earnings" and 110, "Valuation of Employee Share Option Grants."
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Tech NewsSocial networking breeds new wave of 'Trojan 2.0' attacks
The great Facebook boom of 2007 has been accompanied by a new generation of phishing and trojan horse virus attacks, according to security experts.
CareerBankFind Employees, Find Jobs!
AccountingWEB, Inc. and CareerBank have joined forces to offer you a quick way to find and employee, or a job, depending on your needs. In addition, you can get career resources and industry news to help you find your dream job faster.
You may have noticed our survey recently questioning which web
browser you use the most. As expected, Internet Explorer
garnered the lion's share of responses. Based on our
unscientific poll, 30 percent of AccountingWEB's audience uses
IE7, compared to 21 percent of the U.S. population. Fifteen
percent of AccountingWEB readers use IE6, while 33.6 percent of
the U.S. population does the same. We also had 12 percent of
our readers indicate "Internet Explorer miscellaneous," which
could mean IE7, IE6, IE5 or "not sure which IE version."
Student NewsFormer FBI agent joins accounting faculty
Don Berecz joined the faculty at Georgia Southern University in 2007, after 23 years of government service with the FBI. Berecz will serve as the first director of the University's Center for Fraud and Forensic Studies in Accounting and Business.
Firm/State NewsMaryland accounting firms merge
Owings Mills, MD-based wealth management and CPA firm Glass Jacobson has acquired accounting firm, Finkelstein & Geser LLC, also located in Owings Mills. The acquisition is effective immediately.