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right-leaning politicians and pundits have taken aim at “fair value” accounting.

who knew that that transparent financial reporting was a leftist conspiracy until now?

r. emmet tyrrel in the american specator is only the latest to urges:

suspend the accounting policy of “mark to market.” because of this policy banks and lending institutions have had to mark down their assets, thus devaluing on their books the capital that they have available to lend out. many of these institutions have healthy cash flows. yet because they are faced with (hopefully temporarily) devalued assets they are hindered from making loans, and the consequence is the lending freeze that has put the economy into recession.

and there’s the move afoot to roll back sarbanes-oxley, which krupo wrestles into submission here.

when will we ever learn? politics and accounting don’t mix.

cpas flock to at-home offices to battle downturn. is it the right move for you?

by rick telberg/on careers

if past recessions are any guide, the number of cpas launching solo or side practices should surge in the next few months. but is it the right strategy for you?

the practitioners i hear from who are already working at home give it a double thumbs up. still, the work-at-home accounting practice is not for everyone. it requires the right focus, self-discipline and an appropriate home-office setup.

don weinstein has seen the trend before. even now, as vice president of strategy and marketing at automatic data processing inc., he notes that small business has generally been faring better than large business. and franchising is expanding. indeed, cpas can be very competitive.

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if you’re still having trouble grasping the relevance of web 2.0, look no further than the nov. 4 elections. they served as web 2.0’s coming-out party in the world of politics, and what a debut it was.

bill sheridan explains it all.

next question: how will web 2.0 government work?

if you have the feeling that your office is not as up to speed with technology as it needs to be, you may have plenty of company.

by rick telberg

there seems to be a consistent sense of frustration among accountants – in both public practice and in business and industry – that their organizations are falling behind the technology curve and shrinking their bottom lines by failing to move fast enough to the newest efficiency-enhancing systems.

to be sure, the cpa profession is among the most technologically advanced professions in the american economy. but sometimes senior management’s unwillingness to address technology issues can be the biggest hurdle. and with the economy in crisis, finance and accounting workplaces could suffer.

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