June 8, 2011

 
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Get over social media misconceptions for CPA firms
At least from my perspective, I've seen quite a few social media presentations focused on CPA firms. It is the buzzword du jour that just won't go away - everyone is talking about it – face to face and, no pun intended, via social media.
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Privacy and confidentiality of data
A growing trend in the software industry is to have an assumed acceptance of the granting of permission to receive information from and/or accumulate information about the user without actually getting the user's consent.
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Can you take low inherent risk items off your audit plate?
I started an online conversation regarding the Single Audit a few weeks ago - and it still isn't completely resolved. Here is the e-mail I sent to my referencial gurus.
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Austerity freaks demand huge government cuts in spending. But where are the jobs?
Apparently it's no longer the Age of Aquarius, dear flower children, but the Age of Austerity. The Morlocks are rampaging the Eloi, while unemployment continues to climb, going back up to 9.1%. And all our elected officials discuss is deficit cutting. Are they all austerity freaks?
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Sales tax: Repair labor or installation labor? Why you need to know the difference!
Do you know the difference between "installation labor" and "repair labor" for state sales and use tax purposes? I know, I know, it depends on the state, right?
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Increasing audit profits Series No. 12 – Creating proprietary audit documentation
During most of my live seminars over the past four years, several participants complained about the ever-increasing volume of audit practice aids provided by major publishers. One CPA said concerning the 2007 updates to the risk assessment standards, "I received the voluminous annual updates for my purchased audit guides, opened them and couldn't determine where to begin." Many practitioners lamented that the increased volume of practice aids was significantly greater than other engagement documentation containing audit evidence!
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AccountingWEB's Bloggers Crew is populated by experts from all corners of the profession. This month we provide you with a sample of what some of these experts have to share with our readers. Tune in, and get the latest opinions about social media misconceptions, data confidentiality, removing low inherent risk items off of your audit plate, increasing audit profits, and differentiating between repair labor and installation labor for sales tax purposes. Or get your political juices flowing with some commentary on how Congress is handling the jobless economy. Our community is your community, so whatever suits your interests, feel free to add your own opinions in the comment area following each blog post.
Best wishes,
Gail Perry, CPA
Editor-in-Chief
editor@accountingweb.com


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