A: When they reduce interest expense more than the fees paid for the audit.
Month: January 2011
Standard mileage rates for 2011 – longer explanation
Peering Forward posts combined into a page
The series of posts on looking into the future have been combined into one page. This allows you to read the posts in chronological order. You can find them in the “Peering Forward” tab at the top of this page or you can click here.
Peering forward – We need to try really hard to see reality clearly
Why are cartoons such a popular explanation of economics right now?
Amity Shlaes, in her current Forbes column, Economics by Cartoon, points out that the cartoon Quantitative Easing Explained and the rap debate between Keynes and Hayek have received 3.5 million and 1.7 million hits on YouTube, respectively. I’ve mentioned these videos here on this blog and here on my other blog. (Just checked – the QE cartoon is up to 4.0 million visits.)
Over 5.7 million hits on YouTube video explanations of what is going on? Why?
My future shall be shaped by my will…
“My will shall shape my future. Whether I fail or succeed shall be no man’s doing but my own. I am the force; I can clear any obstacle before me, or I can be lost in a maze. My choice, my responsibility, win or lose, only I hold the key to my destiny. ”
Crooks cleaning out bank accounts of small businesses
Another article describing how the bad guys are using ‘phishing’ emails to plant key-stroke loggers on unsuspecting small business computers and thus gaining bank account log ins. Eventually crooks clean out a lot of money before getting detected or the account is drained. Frequently, the banks can walk away from any liability since the log-in data appeared to be legit and the problem originated on the customers computer. Wall Street Journal article here.
Preventive techniques suggested in article:
Peering forward – We all need to be Futurists!
The last half of the article by La Piana Consulting in the Winter 2010 Outcomes has a section title that says Be a Futurist. In this section they talk at length about how organizations can learn about the changes going on, study them, and then adapt.
This will require studying the changes around us, listening to uncomfortable analysis, and putting forth the serious intellectual effort to grasp new things. That is essentially becoming a futurist.
Making that transition will be hard. (more…)
Lack of independence in a compilation
At my other blog, I have a post discussing the option to explain the reasons for an accountant’s lack of independence in a compilation. Also have a poll to survey readers whether they plan to use this option. I don’t plan to cross-post those two discussions, so please click on the link to see the post.
What questions do you have on reviews and compilations?
Greetings to the all the accountants arriving here after doing a search on reviews and compilations! Hope the posts here are of help to you.
What other questions do you have on SSARS 19? Let me know in the comments and I’ll try to help!
Happy New Year and best wishes as you implement the new stuff in SSARS 19!
Peering forward – what is going on around us?
Another great article in the Winter 2010 Outcomes from Christian Leadership Alliance is from La Piana Consulting. Their research in the wider social service sector has identified five major trends. Quoting them, the five are: