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 February 17, 2009 — In This Newsletter:

Market Crash Means Tax Season Opportunity
by Rick Telberg/At Large
A crisis is terrible thing to waste. How’s YOUR busy season so far? Join the survey, compare results with your peers.

IFRS: Beyond the Standards
by George Tsakumis, et al./Journal of Accountancy
Recent accounting research suggests that national culture and language translation may undermine the rigorous interpretation and application of IFRS and lead to a lack of comparability across countries.

All Eyes on Treasury
by Vincent Ryan/CFO Magazine
The function that no one likes to think about is now getting plenty of attention, and even a little respect.

Current Developments in Partners and Partnerships
by Hughlene Burton/The Tax Adviser
Recent rulings and decisions involving partnerships are reviewed
and analyzed.

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Weekly Spotlight

Inside the Markets: Good Moves in Today’s Market
by Jonathan Moreland
What energizes insiders and how CPAs can help their clients cash in.

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.

Managing Amid Uncertainty: Avoid Seven Costly Mistakes
Sponsored by Accountemps
When the business outlook is highly unpredictable, it’s easy to make management missteps. Learn the most common pitfalls managers make in an unsettled economy, along with tips for avoiding them.

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New and Noteworthy

AICPA Webcast: The New Stimulus Bill … and What You Need
to Know

Experts reveal significant aspects of the new Stimulus Bill including what CPAs need to know to better serve their clients, their employer and themselves. February 19

Standards Issued by Auditing Standards Board and Accounting and Review Services Committee
Read how Statement on Auditing Standards No. 116 amends AU section 722 (PDF), and read how Statement on Standards for Accounting and Review Services No. 18 amends AR section 100 (PDF).

Technical Question and Answer Issued on Interim
Financial Information

Technical Question and Answer TIS 1900.01 provides guidance to nonissuers regarding the form and content of interim financial information (including condensed interim financial statements) when preparing condensed interim financial statements.

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New in the CPA2Biz Store

Write a Product Review and You Could Receive an iPod™ Touch …
Review any publication or CPE course you have used. It’s easy.
Learn more.

IFRS Digest: What U.S. Practitioners and Entities Need to Know Now
This collection of articles and white papers combined with commentary will help you develop a better understanding of the coming convergence. Save 10 percent with pre-publication discount — be sure to use promo code SBH at checkout.

Communicating Internal Control Related Matters in an Audit — Understanding SAS No. 115 — Audit Risk Alert
Identify the differences between SAS No. 112 and 115 and find information about emerging practice issues and updated case studies.

PCAOB Standards and Related Rules 2009
The new edition of this essential reference provides auditors of public companies with a current and comprehensive source of PCAOB standards, including AS 6, Evaluating Consistency of Financial Statements.

Inherited IRAs — What the Practitioner Needs to Know
Know the common errors involving retirement distributions where a few missteps can wipe out a substantial portion of inherited IRA assets.

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

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This Week's Best Sellers

Guidance on Monitoring Internal Control Systems (2009)

Are You Ready for IFRS?
Moving Beyond the Basics

Essentials of Valuing a Closely
Held Business

Current Economic Crisis:
Accounting and Auditing Considerations 2009
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Career Resources
AICPA Conferences
The Board and Audit Committee's Role in Risk Oversight
3/26 - 3/27, New York, NY
International Business, Accounting, Auditing and Tax
4/30 - 5/1, Washington, DC
AICPA Practitioners Symposium
5/4 - 5/6, Las Vegas, NV
See Full Conferences Calendar
AICPA Webcasts
2/18 - The Standardized General Ledger (XBRL): Making Accounting System Integration Easier
2/19 - The New Stimulus Bill … and What You Need to Know
2/24 - Economic Crisis: Obsessing About Your Liquidity


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