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September 4, 2007 — In This Newsletter:

CPAs Find Good Money in Small Places
by Rick Telberg/At Large
Scratching that itch for a niche. What’s your specialty? Join the survey; see the results.

CPAs As Corporate Directors
from Journal of Accountancy
New evidence suggests that CPA directors who do their jobs diligently needn’t fear increased liability associated with serving on corporate boards and audit committees.

View From Asia: How to Manage Terrorism
from CFO Magazine
Successes against terror in Indonesia aside, Southeast Asia is getting more dangerous. But it's a mistake for U.S. companies to lock down.

Scope and Size of Tax Preparer Penalties Increase
from The Tax Adviser
New court ruling finds taxpayer individually liable for the employment taxes due and owing from LLCs, because they constitute sole proprietorships under Sec. 7701.

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Weekly Spotlight

Why CPAs Lose Clients
by Sukanya Mitra
What you can learn about retention strategies from Bill Gates and Sam Walton.

Bank Improves Records Management With Document Management Solution
Sponsored by Fujitsu Computer Products of America, Inc.
Kearny Federal Savings Bank employee productivity and satisfaction increases with Fujitsu document imaging scanners.

Key Factors in Practice Value
Sponsored by Accounting Practice Sales
Details the seven factors that have the greatest effect on the value of accounting and tax practices.

Accurate and Secure Records Are Central to the New Standards Set Forth in SAS 103
Sponsored by Surety
Software tools exist for CPAs to prove the authenticity of their audit documentation.

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New and Noteworthy

AICPA National  Healthcare Industry Conference
Day Egusquiza chairs. Ideal for CFOs, CIOs, compliance officers, internal auditors. November 1-2

Implementing Fair Value Accounting … FASB No. 157
Experts decipher exit price, in-use and in-exchange valuation premises, market participants’ perspectives. September 13

AICPA and Moss Adams LLP Conducting First Joint Survey of CPA Financial Planning and Advisory Practices
Respondent benefits include a free copy of the report. Contact Bob Howard for details.

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New in the CPA2Biz Store

AICPA Professional Standards, 2007
This new edition is a source of professional standards applicable to nonpublic companies and contains pronouncements issued by the AICPA.

Fair Value Accounting: A Critical New Skill for CPAs
Gain insights into the conceptual and practical reasons for using fair value as the required (or optional) measurement attribute for a number of new and existing accounting standards.

Service Organizations: Applying SAS No.70, As Amended — AICPA Audit Guide, 2007
This audit guide is designed to provide guidance to auditors reporting on a service organization's controls as well as guidance to auditors of companies that use service organizations.

ControlsDoc — For Documenting and Assessing Internal Controls
This new software captures the required controls documentation and assists in assessing the effectiveness of controls design.

Didn't find what you were looking for? Visit the AICPA Store.

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This Week's Best Sellers

Governmental Accounting and Auditing Update, 2007-2008 Edition

Construction Contractors — AICPA Audit and Accounting Guide, 2007

CPE Direct

Compensation as a Strategic Asset

Sponsored Links

Buying or Selling a Practice?
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Fujitsu Scanners
Delivering speed, image quality, ease of integration with other imaging applications and more!

Upgrade to the New BlackBerry® Curve™ From AT&T
Starting at $199.99. Get yours now.

Accurate and Secure Records Are Central to SAS 103
Protect your audit documentation with AbsoluteProof.

Advanced Planning Workshop
Latest solutions for HNW clients. Increase revenues, not costs. NY, Chicago Fall '07.

Career Resources

Know Anyone Who’s Looking? We’re in the Market for Talented CPAs at the Manager Level

Visit the CPA Career Center
CPExpress: 30-Day Free Trial
Hundreds of hours of CPE, 24/7 access, 1-2 credit courses.
AICPA Conferences
Governmental Accounting and Auditing Update
9/17 - 9/18, Tempe, AZ 

2007 International Financial Executives Leadership Forum
10/3 - 10/5, Montreal, Canada

AICPA National  Healthcare Industry Conference
11/1 - 11/2, Las Vegas, NV
See Full Conferences Calendar
AICPA Webcasts

9/13 - Implementing Fair Value Accounting … FASB Statement No. 157

9/18 - SEC Quarterly Update – 3Q 2007

10/18 - Finance and Accounting Outsourcing


Free Flexible Rewards!

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AICPA Checks and Forms
It’s never too soon to prepare for tax season. Beat the rush – order your tax forms today.
Click here for details.

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