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More Fraud Reported Through Tips Than Audits More than one-quarter of large public companies are not meeting the disclosure requirements for tax reserves required by FIN 48. Also in the News: Employers Keeping Pay Raises Steady for 2009 Federal Minimum Wage Hike: Who's Getting It? H&R Block Names McDonald's Executive CEO CFOs Say Interpersonal Abilities Most Valued Communication Skill SmartPros is now trading on NASDAQ. Ticker Symbol: SPRO   SmartPros CEO Rings NASDAQ's Opening Bell More   SmartPros Acquires Loscalzo Associates More Weekly Newsletter Online CPE Investor Relations

News & Insights

This Week in the SmartPros News & Insights Newsletter CFOs Cite Greater Focus on Profitability ... Web Site Offers Free CPA Exam Review ... Op/Ed: Objective of Financial Reporting and Qualitative Characteristics: Some Comments ... Spotlight: Women in Finance Leadership: Removing the Glass Ceiling ... Book Corner: Cutting Edge Internal Auditing, with CD-ROM House Approves Housing Rescue Legislation Rescue legislation sailed through the House Wednesday aimed at helping 400,000 strapped homeowners avoid foreclosure and to prevent troubled mortgage giants Fannie Mae and Freddie Mac from collapsing. New Grads Get 7.1 Percent Starting Salary Increase Despite a less-than-robust economy, the overall average starting salary offer to new college graduates, regardless of major, increased by 7.1 percent over last year, according to a new report from the National Association of Colleges and Employers (NACE). KPMG Awards Scholarships to Minority Accounting Doctoral Students The KPMG Foundation announced it has granted $410,000 in scholarship awards to 41 minority doctoral students for the 2008-2009 academic year as part of its Minority Accounting Doctoral Scholarship program. IRS Accepting Applications for VITA Matching-Grant Program The U. S. Internal Revenue Service is now taking applications for its first-ever matching grant program to support the Volunteer Income Tax Assistance program. IFAC Clarifies Ethics Code for Accountants An independent standard-setting board within the International Federation of Accountants has proposed changes to the IFAC Code of Ethics for Professional Accountants. Treasurys Give Up Gains After Cox's Speech Treasurys gave up big gains Tuesday after Securities and Exchange Commission Chairman Christopher Cox unveiled a plan to curb short selling on Fannie Mae and Freddie Mac shares, giving investors renewed confidence to move out of the relative safety of government debt. Bernanke Says Economy Faces 'Numerous Difficulties' Federal Reserve Chairman Ben Bernanke told Congress Tuesday the fragile economy is facing "numerous difficulties" despite the Fed's aggressive interest rate reductions and other fortifying steps. Financial Planners Report High Job Satisfaction Financial planner satisfaction is high, according to a new survey that found 96 percent of those responding saying they are satisfied, or very satisfied, with their career choice. New Tax Laws Dry up Car Donations Car donations have plummeted since Congress in 2004 tightened the tax rules for claiming charitable deductions, according to a Grant Thornton analysis of new IRS data. Web Site Offers Free CPA Exam Review A new Web site helps candidates prepare for the CPA Exam with hundreds of free sample questions and answers covering all the essential areas mentioned in the content specification outlines released by the American Institute of Certified Public Accountants. Plea to Tax Count Ends Lawsuit Kickback Charges The last defendant in a major federal kickback case involving class-action lawsuits against some of the nation's biggest corporations pleaded guilty Monday to a tax-related felony. AICPA Gathers Scholarship Applications From Future CPAs The American Institute of Certified Public Accountants received more than 360 minority accounting scholarship applications following a leadership workshop held in Peachtree, GA.

Spotlight

J.H. Cohn Accounting Report: Setting the GAAP Hierarchy With the issuance of SFAS No. 162, the FASB is replacing the American Institute of CPAs as the 'arbiter' of the GAAP hierarchy. On this month's J.H. Cohn Accounting Report, Kenneth Goldmann explains the significance of identifying a consistent framework for selecting accounting principles to be used in preparing financial statements in conformity with generally accepted accounting principles. SmartPros Price: Free! View online now. 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: $389 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: $389

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Introducing SmartPros Legal Professional Education 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.