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 March 2, 2009 — In This Newsletter:

Tax Practitioners Feel the Heat
by Rick Telberg/At Large
Will the recession pose a problem for billings and collections? Join the survey; get the answers

Must LIFO Go to Make Way for IFRS?
Michael Hoffman and Karen McKenzie/The Tax Adviser
Is it time for Congress to sever the link between tax and financial reporting of inventory?

Right Track Your CPA Career
by Joey Havens and Michael Hayes/Journal of Accountancy
Applying these principles to your daily life can help you reach your
true potential.

How to Talk About Layoffs
by Kate O'Sullivan/CFO Magazine
Most CFOs say that making job cuts is the single most difficult part of their jobs, but there are ways to manage this painful process more effectively.

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Weekly Spotlight

Achieving Your Ideal Practice
by Patricia Abram
Six steps to get you closer to your professional and personal financial goals.

Saving Time, Saving Money With Online Document Exchange
Sponsored by Intuit
New Intuit service creates a more convenient, less costly way to get and share client documents.
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New and Noteworthy

AICPA Board of Directors Reappoints Barry Melancon As President and CEO
View details (PDF).

CPAs and CFOs Predict Little Hope of Economic Recovery Before 2010
New AICPA survey finds 83 percent of CPA execs either “pessimistic” or “very pessimistic” about the U.S. economic outlook over the next 12 months. View details (PDF).

Auditing Standards Board Issues Additional Exposure Draft Resulting From Clarity Project
Comments due May 29 for Proposed Statement on Auditing Standards, Audit Sampling, resulting from the ASB’s Clarity Project: Supersedes AU section 339 of AICPA Professional Standards.

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Kess on Tax Legislation 2009: American Recovery and Reinvestment Act of 2009
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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.

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This Week's Best Sellers

Inherited IRAs — What the Practitioner Needs to Know

Guidance on Monitoring Internal Control Systems (2009)

Essentials of Valuing a Closely
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Are You Ready for IFRS?
Moving Beyond the Basics
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Updates and resources for this year’s tax filing season.

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
3/4 - IT Considerations in
Risk-Based Auditing
3/31 - IFRS Quarterly Webcast Series — First Quarter 2009
4/1 - XBRL — Transforming
Financial Reporting


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