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CPA Firms See Continued Growth
A large majority of CPA firms reported continuing strong growth during the past two years according to the 2008 National Management of AICPA and the Texas Society of Certified Public Accountants.

Also in the News:
Paulson: Crisis Happens Once or Twice in 100 Years
Economist Blames Fed for Downturn
Facebook Gets SEC Stock Exemption

SmartPros: Third Quarter 2008 Financial Results
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  News & Insights

This Week in the SmartPros News & Insights Newsletter
World Leaders Move Toward Tougher Financial Rules ... Free Report: What Does "Fair Value" Mean? ... Special Briefing on President-elect Obama's Tax Proposals

Firms Preparing for New Standards
Just as public companies and their auditors are becoming more comfortable with Sarbanes-Oxley regulation, along comes another sweeping change that could have an even larger impact on the accounting profession.

SEC Calls Meeting of World Regulators Amid Crisis
The Securities and Exchange Commission said Thursday that Chairman Christopher Cox has convened a meeting of international regulators for next week to deal with "urgent regulatory issues" stemming from the global financial crisis.

IASB Chairman Welcomes Moves Towards IFRS in North America
Sir David Tweedie, Chairman of the International Accounting Standards Board, welcomed recent actions by authorities in the Mexico, Canada and United States regarding their adoption of International Financial Reporting Standards.

Report: 21st Century Economies Can Benefit from Simpler Business Tax Systems
A new report, launched by the World Bank, IFC and PricewaterhouseCoopers, shows that tax authorities worldwide are overhauling tax systems by reducing taxes, streamlining administrative processes and modernising payment systems.

SEC Puts Off Vote on Rules for Rating Agencies
The Securities and Exchange Commission on Wednesday delayed a plan to adopt new rules aimed at stemming conflicts of interest in Wall Street's credit rating industry.

SEC Charges Mavericks' Cuban with Insider Trading
Dallas Mavericks owner Mark Cuban was charged with insider trading yesterday in a lawsuit by the SEC, which asserts that the Internet billionaire used confidential information to save $750,000 on a stock sale.

For Individual and Business e-File, 2008 Is a Record Breaker
Individual taxpayers e-filed almost 90 million tax returns during 2008, an increase of more than 12 percent over the prior year. Of the 155 million tax returns filed, about 58 percent were filed electronically.

CCH Issues Special Briefing on President-elect Obama's Tax Proposals
CCH has issued a Special Tax Briefing detailing the tax policies of President-elect Barack Obama.

Circuit City Gets $1 Billion in Credit
Circuit City Stores Inc. finalized a $1.1 billion line of credit yesterday to fund its bankruptcy reorganization, but the turnaround effort could be hampered by disgruntled product vendors, a bankruptcy expert said.


   Spotlight

J.H. Cohn Accounting Report: What Does "Fair Value" Really Mean?
Just as accounting rules took the spotlight during the Enron scandal, mark-to-market accounting continues to be an issue in the current financial crisis. On this month's J.H. Cohn Accounting Report, Kenneth Goldmann assesses the impact of a recently issued FASB staff position on SFAS No. 157.

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CPA Report Online
Subscribe to the top online CPE program for public accountants. CPA Report Online covers the latest events impacting public practice.

SmartPros Price: Courses: $59.98 - Subscriptions: $409

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FMN Online
Subscribe to the program that more than half of the Fortune 500 trust for CPE. Stay up to date on Sarbanes-Oxley and other key events impacting corporate finance.

SmartPros Price: Courses: $59.98 - Subscriptions: $409

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  SmartPros Today

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SmartPros Legal features the Cognistar CLE library highlighting over 150 course titles in areas such as litigation, IP, corporate/securities law, tax, labor/employment law, bankruptcy, ethics, professionalism, substance abuse, bias, and many more.






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