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 October 14, 2008 — In This Newsletter:

CPAs Work to Calm Client Concerns
by Rick Telberg/At Large
What’s your advice for the next President? Go to the survey to add your comments.

Also see sponsors SAP and CPE Link.

Refocusing on Reliability
by F. Todd DeZoort, et al./Journal of Accountancy
AICPA’s Reliability Task Force outline an evolving refocus on reliability and prospective changes in compilation and review standards.

International Accounting Standards Board Chairman Sir
David Tweedie

by Tim Reason/CFO Magazine
The overseer of a coming accounting revolution opines on U.S. companies' inevitable, eventual shift to IFRS.

Vacation Property: Rental and Resale
by Donald Williamson/The Tax Adviser
CPAs should be aware of a new provision that reduces the gain exclusion on sale of a residence that was previously used as a vacation home
(or rental).

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Tech Corner

Going Beyond Just Surviving a Difficult Economy
Steve Ernst reviews the October 8, 2008, AICPA Webcast entitled “Growing in a Difficult Economy” that included panel members Cynthia Jamison, Doug Tatum and Ed Rand.

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Weekly Spotlight

Can You Grow Your Practice in Troubled Times?
by Tracy Crevar Warren
Five strategies your competitors don’t want you to know.

Wells Fargo Market in Review (PDF)
Sponsored by Wells Fargo Home Mortgage
Here is our insight on current conditions, and how we will continue to responsibly make loans to customers across the credit spectrum.

Prepare Your Small Business for Disaster
Sponsored by Nationwide Insurance
SBA, Nationwide introduce small business disaster preparedness guide.

The Tax Accountant Shortage: How to Retain Your Best Talent
Sponsored by The Mergis Group
Tax accountants are in more demand than ever, but knowing what it’s important to them can help guide an effective retention strategy.

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New and Noteworthy

AICPA/FMD National Conference on the Securities Industry
Randall Kroszner keynotes. Ideal for CFOs, CEOs, COOs, regulators. October 30-31

AICPA Webcast: Break Free From the Budget Trap; Continuous Planning and Adaptive Control
At this Robert Half sponsored event, experts reveal strategies enabling enterprises to be more responsive to opportunities and change. October 16

ASB Issues Exposure Drafts and Final Auditing and
Attestation Standards

The Auditing Standards Board has recently issued new standards on internal control, and a clarified auditing standard as well as an exposure draft resulting from its Clarity Project (PDF).

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New in the CPA2Biz Store

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Minimize the Effects of a Recession on Your Business
Find ways to weather a recession and build a stronger business with this timely new videocourse that takes on critical new importance in today’s economic climate — and earn CPE credit.  Pre-publication discount offer ends 10/15.

Smart Risk Management: A Guide to Identifying and Reducing Everyday Business Risks
Find tools to manage risk at both the individual and corporate level through a formal process for defining and handling risk.

What You Need to Know About Accounting for Business Combinations
Learn how to recognize and measure the identifiable assets acquired, the liabilities assumed and any noncontrolling interest in the acquiree. Earn 13 CPE credits.

Understanding Business Valuation: A Practical Guide to Valuing Small to Medium-Sized Businesses — Third Edition
This new edition by Gary Trugman is a comprehensive treatment of business valuation written in the author’s notable easy-to-read style.

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

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This Week's Best Sellers

AICPA Professional Standards 2008

Investment Companies — AICPA Audit and Accounting Guide 2008

Form 990: AICPA’s Answer to Unlocking the Tax Complexities

International vs. U.S. Accounting: What in the World is the Difference?

Sponsored Links

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SAP CPA Advisor Program
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Buying or Selling a Practice?
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Wells Fargo Home Mortgage 
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CPAs Have Unique
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New! PPC’s Tax, e-Practice Aids
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Career Resources

Looking for Talented Manager-
Level CPAs

AICPA Conferences
IT Considerations in Risk-Based Financial Statement Audits
10/27 - 10/30, New York, NY
AICPA/ASA National Business Valuation Conference 2008
11/10 - 11/12, Las Vegas, NV
National Construction
Industry Conference
12/4 - 12/5, New Orleans, LA
See Full Conferences Calendar
AICPA Webcasts
10/16 - Break Free From the
Budget Trap
10/22 - Revised Peer
Review Standards

10/23 - Malpractice Risks: Navigating the New Frontier



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