The Theory of Holes
The Securities and Exchange Commission's decision to cut down on accounting firms doing consulting work for their audit clients is the opposite of what is needed to improve auditors' ability ...

Deposit Etc.
Mail Boxes Etc., the postal and package shipment franchise, has formed an alliance with Juniper Financial Corp. The deal will allow Juniper customers use over 3,000 Mail Boxes Etc. ...

BankPort Features First 'One-Stop' E-Procurement and
The e-finance infrastructure company FNC has announced the rollout of BankPort, a new one-stop Web portal for community banks and other lenders that provides access to electronic collateral service fulfillment ...

Goldman, Merrill, Morgan on Edwards Coverage List
A.G. Edwards & Sons analyst Diana Yates, who covers financial companies including Chase, Citigroup, J.P. Morgan, Wells Fargo and FleetBoston, is adapting to the increasing diversification of financial firms by ...

Web Brokers for the Masses
BuyandHold Inc. and Netstock Direct are two online brokers following similar strategies, which differ from those of other mainstream online brokers, in an attempt to level the fieldfor small investors. ...

Let Investors Know What They Really Pay
Securities and Exchange Commission (SEC) Chairman Arthur Levitt Jr. is counting on information, technology, and competition to fix problems in stock trading. This current problem has not been able ...

Can Charles Schwab's Success Really Rest So Completely on
According to the book "Clicks and Mortar: Passion Driven Growth in an Internet Driven World" by Charles Schwab co-CEO David S. Pottruck and senior vice president Terry Pearce, Charles Schwab's ...

Merrill Lynch Net Climbs 53 Percent, While Schwab's Drops
Merrill Lynch bested Charles Schwab in third-quarter net income, posting a 53 percent increase against a 1.3 percent drop for Schwab. Merrill Lynch attributed its third-quarter performance to cutbacks ...

The Battle for the Wireless Screen
A fierce battle is unfolding among online brokers for ashare of the flourishing wireless stock trading services market. As wireless stock trading services keep pace with growth projections, online brokers ...

Competing With the Mailman?
The U.S. Internet Industry Association (USIIA) has asked Congress to limit the involvement of the United States Postal Service (USPS) in e-commerce. The agency recently pled its case in ...

New York Life Investment Management Announces Acquisition
New York Life Investment Management has signed a contract to purchase Towneley Capital Management. Included in the acquisition are assets related to the investment management of Eclipse mutual funds ...

First Pension Investors Settle With Accountants
Investors of First Pension Corp. have settled a six-year-old case with former accounting giant Coopers & Lybrand,under undisclosed terms. The investors, who lost approximately $136 million, were excited about ...

KPMG's IPO May Fuel Acquisitions, Says Chairman Butler
The Big Five consulting and accounting firms have begunrestructuring their businesses to raise capital and boost incentives in the competition for talent as regulators and marketforces put pressure on the ...

Punishing the Penalizers
Card issuers have a long road to travel to regain the trust of their cardholders. After abruptly deciding to raise penalty fees, issuers were called to the mat by ...

Roiling the Waters
The debate over the elimination of pooling of interestsaccounting has intensified. In an article published earlier thisyear in the Wall Street Journal, Harvey Golub, chairman and CEO of American ...

Banks Mum to Investors as New SEC Rule Looms
Banks have become suddenly silent as they try to flesh out the new disclosure rule imposed by the Securities and Exchange Commission. Although the rule does not go into ...

Investors Question NASD Arbitration Process
Attorneys hired to represent investors in arbitration disputes claim the computer operated by the National Association of Securities Dealers (NASD) is programmed to favor brokerages. Lawyers say their suspicions were ...

Banks' Share of Annuity Sales Declines
According to a study by Kenneth Kehrer Associates, banks' market share of variable annuity sales dropped slightly inthe first half of this year. A lull in mutual fund sales ...

The Joy of Compromise: Firms Have Been Slow to Recognize
During Securities and Exchange Commission Chairman Arthur Levitt's meeting with Congress on Capitol Hill last week, the chairman showed a willingness to compromise his intended clampdown on the accounting profession. ...

PowerPay.com Allies With HR Comply
A new agreement between HR Comply and Powerpay.com willincrease the distribution of each company's offerings. HR Complywill sell Powerpay's payroll service to its customers. Powerpay.com will offer its ...

OCC Fears Profit Woes as Credit Quality Slips
The number of commercial loans that are past due at least 90 days is on pace to exceed 50 percent this year, according to Nancy Wentzler, deputy comptroller for global ...

Dryades, Shell Form Loan Alliance
Shell Oil recently announced a joint-venture with New Orleans-based Dryades Savings Bank to offer as much as $7.5 million in small-business and community-development loans to minority-run businesses in the city ...

A Balance Sheet for Online Accounting
Online accounting is spawning a whole new way of managing small-business finance. Companies can now subscribe to a Web-based accounting service instead of buying a software package at the ...

Smaller Is Better
According to a survey developed by Accountemps, accounting and finance graduates are now more interested in working in small to medium-sized companies, which is contrary to conventional beliefs that bigger ...

Financial Services: Online Bill Payment Service Launched
Advanced Business Exchange (ABX), a unit of Metro Systems Corp. (MSC), has established an online bill-paying facility with the Bank of Asia (BOA) to be located at ThailandBills.com and Thaib2b.com. ...

NetLedger Adds Payroll
NetLedger has added payroll to its Web-based accountingsystem with help from two outlets. To add the feature, the online vendor has contracted with Automatic Data Processing to market its ...

SEC's New Rule Change May Help Bolster Directors
The Securities and Exchange Commission (SEC) is creating new rules that could strengthen the independence of mutual-fund directors. The proposed rules would require directors to be independent and force ...

Banks Relax Use of Bad-Checks List to Vet Applicants
Banks are reigning in their use of ChexSystems, a customer blacklist database that tracks those who mishandle checking accounts, with Wells Fargo, Washington Mutual, and Bank of America all recently ...

North Weekly: Mergers Are Giving Local Banks a Boost
In the wake of the overflow of megabank mergers at FleetBoston, Citizens, and Sovereign BankCommunity, community banks in Greater Boston have an enormous opportunity to gain new customers. To ...

A Hidden Savior for Small Banks
From 1996 to 1999, the banking sector lost 12 percent of its deposit base, with banks that have $1 billion to $10 million in assets losing a disproportionate 53 percent ...

Visa Recruits 9 Banks to Cheaper Smart Card
Nine banks that will participate in Visa's pilot of newsmart cards that will cost just half as much as ordinary smart cards when bought in bulk include Bank of America, ...

EBPP's Three to Watch
Bill scanning companies are providing consumers just what banks have been providing businesses for years, namely receiving bills, opening and sorting them, converting them to electronic format, and enabling payment. ...

Wall Street Battles Sexual Bias
Equal Employment Opportunity Commission (EEOC) Chairwoman Ida Castro says that her agency is receiving a steady flow of sexual discrimination complaints from women who work on Wall Street. This ...

FASB Hits Bill to Postpone Ban on Pooling
Lawmakers have submitted a proposal that would put off the ban on pooling-of-interests merger accounting. Rep. Chris Cox (R-Calif.) and Rep. Calvin Dooley, (D-Calif.) have introducedlegislation that would postpone ...

TeleTech Awarded Agreement From Lehman Brothers Bank
Lehman Brothers has awarded TeleTech Holdings, a customer management and B2B infrastructure service provider, a contract to supply Internet-integrated customer care for its online banking operations. TeleTech's customer management ...

New E-Commerce Partnerships and Tools Can Help Small Banks
MasterCard International President Ruth Ann Marshall asserts that smaller banks can thrive in the current rapidly changing environment if they use tools and partnerships made possible by the Internet and ...

Banks Boost Collections
According to proprietary data gathered by Collections &Credit Risk, the largest 100 commercial banks are continuing to improve collections performance. St. Louis-based First Banks, with $4.8 billion in assets, ...

Trends; Doctors Reign, Teachers Gain, Lawyers Wane in
The latest survey by the Harris Poll, regarding adults'opinions of prestigious professions, has accountants ranked last.The Harris Poll surveyed 1,000 adults, and the group held accountants in the lowest regard ...

Audit Effectiveness Panel Issues Final Report
The Panel of Audit Effectiveness has issued its final report on the effectiveness of independent audits of public companies, recommending tighter procedures and calling for a unified system of governance ...

Net.B@nk, Ameritrade Swap Services
Through a collaborative effort between Ameritrade and Net.B@nk, Ameritrade's one million-plus brokerage customers will be able to access Net.B@nk's online-banking services. Ameritradewill offer brokerage services to Net.B@nk's customers via ...

Jersey? Sure!
Continuing the wave of bank consolidation in the wake of Chase's recent acquisition announcement regarding J.P. Morgan,FleetBoston Financial has purchased New Jersey's Summit Bancorp for $7 billion in a bid ...

Dean Witter to Pay Fine for Broker's Acts
Dean Witter Reynolds, now part of Morgan Stanley Dean Witter, has agreed to pay a $200,000 fine and repay $276,702 to customers. The fines were paid in order to ...

Public Still Confident of Banks' Security
Increasing interest rates, the media's suggestion of animpending economic slowdown, problems with credit quality, and individual-bank weaknesses have been cited by bankers and economists as possible explanations for the American ...

A Score to Settle
Trans Union, Experian, Equifax, and Fair, Isaac & Co., the major players in the credit reporting industry, all rate consumers using FICO scores, which are the major decision-making factor in ...

McBeeEnters Payroll Biz
McBee Systems, which has marketed payroll forms in the past, is now launching a payroll processing service. The serviceis called McBee Payroll, and is designed for small to mid-sized ...

Banks Take the Initiative on Laundering
An article about banking-industry efforts to crack downon money laundering mentions an anti-money-laundering initiative,aimed at private bankers, developed by a number of top international banks, including Chase, J.P. Morgan and ...

Firms Yet to Cash in on Paying Bills Online
The online bill-payment market continues to struggle tofind an audience among banks. By all accounts, one-stop-payment via the Internet is cost- and time-efficient. Industry members like Bob Murphy, ...

Wells, Firstar, Fifth Third Looking Primed
An American Banker article on mergers and acquisitions notes that Chase, Citigroup, and BB&T are often cited as having the potential to buy other firms; the article also mentions Chase's ...

Advertising: MasterCard Is Shifting Its Efforts to Market
MasterCard is becoming the first major credit card company to use Spanish-language ads in an effort to attract Hispanic consumers. While some credit card companies have added Latino flair ...

Accountancy: The Worst Times at the Best of Times
AICPA says that the combination of a healthy economy and an excess of job opportunities has equaled trouble for the accounting industry, with the number of accounting majors in undergraduate ...

Visa Forecast on Target
Visa U.S.A. hit the mark with its forecast for the percentage of consumer bankruptcies that would occur during the first part of this year. Results for the first six ...

Women's Site Offers Change-of-Mind Trades
Financialmuse.com, a financial Web site designed specifically for women, has added an online brokerage service that offers a return policy aimed at dispelling the fear of investing held by people ...

WebTrust Expands in Europe and Asia
Through a deal forged during a three-day WebTrust summit in Paris, AICPA now provides WebTrust, its Web site audit service, in Denmark, Hong Kong, the Netherlands, and Spain. The ...

Priority Pay Readies Reselling Program
In order to resell its services, Internet payroll provider Priority Pay is signing up bookkeepers and CPAs. Accountants can sell the service while Priority Pay holds onto the back-end ...

The High Cost of Web-Based Applications
Many credit card issuers pay more to acquire a card account on the Web than by traditional means. The leading creditcard issuers pay from $65 to $90 per online ...

Of Thee I $ing
A retrospective column about U.S. banks' IPOs in the late eighteenth century mentions that the Manhattan Co.--a precursor of Chase--was oversubscribed on its first day because its offering price was ...

Low Price and Overhaul Wins 'Buy' for First Union
Chase's deal with J.P. Morgan is mentioned by one analyst in a piece about how analysts have begun increasing theirratings on First Union's stock thanks to the stock's low price ...

Time to Put a Value on Intellectual Assets
It is generally understood that the creation and use ofknowledge-based assets can provide a company with a competitive advantage, but can a dollar value of knowledge and its effects onthe ...

Web Sites Seeking to Draw the 401(k) Broker
Online intermediaries are becoming essential for brokers trying to match their corporate clients with the right 401(k) plans, and competition among intermediaries is getting strong. Spectrem Group notes that ...

Reverse Mortgages Begin Trek to Mainstream
Some experts see growing possibilities with reverse mortgages. Jeff Taylor, chairman of the MBA Reverse Mortgage Advisory Group, is beginning to see a decline in the traditional resistance to ...

24-7 Accounting
Lately, Wall Street has been hit repeatedly by earningsannouncements by corporations that come in below analysts' projections, and the problem will likely only be magnified by a new Securities and ...

Online Banks Have Tough Time Getting Into the Card Game
According to Faulkner & Gray, 9.8 million U.S. households have an online banking relationship, with that number expected to jump to 20 million by 2003. While Internet banks arehaving ...

Bear Stearns Deal Talk Focuses on Big Banks
While experts speculating on which bank has approached Bear Stearns with an acquisition proposal do not agree--some think Chase is probably the unnamed bank, while others think it might be ...

Citi Associates With the Associates
On Sept. 6, Citigroup acquired Dallas-based First Capital. The transaction, valued at $31.1 billion, has given thebank a strong holding in private label and subprime cards. The deal ...

Costs Count in the Strategic Agenda
Strategically efficient companies do not just identify costs, but rather target ways to change cost structure to better serve corporate objectives. Creating blueprints for what method a company should ...

Urban 'Smart Growth' Lending a Hard Sell to Realty Bankers
Smart growth, which redirects development to inner cities, is creating vast lending opportunities for banks. According to city officials and urban renewal groups, the fact that suburbanites are looking ...

Fleet Bank Sued Over Credit Card
A lawsuit has been filed against Fleet Bank by a customer in Alaska. The suit, which seeks class-action status, accuses the company of misleading consumers. Fleet allegedly violated ...

Community Banks Increase Brand Recognition
Michael Peinovich of the branding and interactive commerce firm Siegelgale offers several tips for community banks that want to boost their local brand recognition. Peinovich stresses a consistent campaign ...

Making Connections
Accounting firms are playing an increasingly important role in bringing venture capital (VC) firms and startup companiestogether. While startups can go straight to venture capital companies and ask for money, ...

Med Records Get Cue From Napster
The National Academy of Science's Institute of Medicinereports that close to 50,000 deaths resulting from medical errorsoccur annually. These errors occur most often because physiciansdo not have immediate access ...

Value Pricing Urged for Accountants
As keynote speaker at the "Value Pricing in the New Millennium" seminar during Creative Solutions' annual user conference, CPA Ron Baker said the method of billing hourly is out of ...

Technology Helps CPAs Go Global
Technology has demolished the boundaries of properly positioned businesses. Proactive accounting firms have positioned themselves well over the past several years, creating consulting engagements that have no geographic limitations. ...

Web-Only Banks' CD Rates Pressure Bigger Online Rivals
A survey of CD rates at Web-only banks and traditional banks finds that Chase and other non-Internet banks average 6.29 percent, while the Internet banks average 6.875 percent. The ...

SEC Provides Guidance on Revenue Recognition
New guidance on implementing Staff Accounting Bulletin No. 101 (SAB 101) has been published by the Securities and Exchange Commission (SEC), available through the Frequently AskedQuestions section on the SEC ...

Class Action Targets Optima Card
Optima credit card customers are bringing a class-action lawsuit against American Express, claiming that the company engages in unfair and misleading billing practices. The plaintiffs allege that when customers ...

Change Comes From Within
Electronic bill payment continues to grow in popularity, as banking customers become more comfortable conducting business transactions online. Users of the relativelynew service have not always been so open-minded. ...

XBRL Offers an Easy Way to Tap Online Financial Data
A business consortium has released specifications that will aid U.S. companies ready to begin using extensible business reporting language, known as XBRL. XBRL will make life easier for everyone ...

The Online Question
In a bid to stay in step with the growing number of full-service brokerages going into online trading, regulators have boosted efforts to revise rules governing online trading. The ...

Is Glass Ceiling Shattered or Only Cracked at Brokerages
The percentage of women who fill high-end positions in the brokerage industry has climbed sharply over the last 20 years. In fact, most female brokerage executives today say they ...

Pre-Paid Cards Reach Out to the Unbanked
Recently, three new prepaid debit cards were brought out that provide banks with the chance to market services to consumers who do not possess a bank account. The cards ...

KUBRA Leads Canadian Billers
KUBRA will now be able to access Mastercard's Remote Payment and Presentment Service (RPPS) on behalf of its biller customers. RPPS allows participating financial institutions to process transactions without ...

Andersen Consulting Partners Will Consider a Partial IPO
In the first meeting of Andersen Consulting partners since the company split from Arthur Andersen, the partners voted to explore a partial IPO that could give the company a valuation ...

Paytrust's Next Hurdle: Signing Up Banks
Paytrust, an electronic billing company that opened last year, is hoping it can soon begin making partners of financial institutions. Banks have traditionally shied away fromelectronic billing operations, mostly ...

SEC Weighs Plan to Give Investors Fund-Cost Data
The Securities and Exchange Commission (SEC) is currently considering rules that would give mutual-fund investorspersonalized reports on the costs of holding their mutual funds. The SEC is making sure the ...

Liquidity Rivaling Credit Quality as Crisis du Jour
Banks, which are being driven toward capital markets tofinance loans, are experiencing low deposit growth and an increase in bond market defaults, according to recent studies. These signs point ...

Teaching Kids to Charge
Randall M. Chesler, president and CEO of Cobaltcard, islooking to empower teenagers as young as 13. The Cobaltcard is acharge card with the tagline, "My money, my life, my ...

Consortium to Launch Web Business Reporting Standard
XBRL.org, the year-old consortium spearheaded by AICPA,is developing a standard for preparing and exchanging business reports and financial data online. With representatives from 55 companies across the globe, the ...

Banking Online Replaces Standing in Line
Internet banking is growing at a record pace among banks of all sizes, as more people seek the convenience of home banking. More now than ever, banks are beginning ...

Catering to the Small Merchant
To maintain the profitability of the merchant services industry, acquirers are going to have to offer the merchant more services at value prices, particularly high-tech capabilities designed specifically for small ...

Match Your Needs to Online Brokerage Service
While online brokers attracted 4 million new accounts this year, the customer satisfaction firm J.D. Power said that customers were not satisfied with the service they received. Customers were ...

Banks Cashing in on the Net
Financial institutions are expected to increase their investment in online banking technologies from $90 million last year to $300 million by 2003, according to market research firm The Tower Group. ...

Fidelity's Move to Hard-Sell Advertising Lowers Peter
For its new advertising campaign, Fidelity Investments is downsizing the role of pitchman Peter Lynch and instead is pursuing a harder sell of individual funds. The multi-million dollar campaign ...

Banks Get Over Their Online Lending Jitters
E-commerce has skyrocketed in recent years, but banks have remained wary of the opportunity. Since customer relations and employee welfare are important to banks, they have tried to steer ...

Consumers Show Interest in Aggregation
The latest American Banker/Gallup consumer survey showsthat nearly half of all consumers are interested in aggregating their financial accounts. Specifically, consumers are embracing the aggregation of financial services and ...

Web Bill Payer Picks Processing Software
Processing software from ClearCommerce, whose software is also used by Chase merchant services, has been selected by X.com, which owns the Web payment service PayPal. X.com has signed on ...

Fed Backtracking on Merchant Rules
Chase's equity investment unit's third-quarter losses are mentioned in an American Banker piece about the pressure on the Federal Reserve Board to back down from its plan to create strict ...

Now Funds Can Fly Between Institutions
In a bid to attract new customers, financial institutions have started offering account transfers. The service offers busy consumers the convenience and flexibility of shuttling their finances between various ...

Major Banks Shy Away From Leveraged Loans
Regulators have become increasingly wary of lenders' high-cost loans. In light of this, lenders have pulled away fromrisky borrowers. The effort, led by Chase, has been aimed at ...

Schwab Tries to Calm Nerves of Its Advisers
In the wake of its highly publicized acquisition of U.S. Trust Corp., Charles Schwab is fighting to convince the 6,000 plus independent financial advisers that make up its brokerage force ...

Front-Runners: LaFalce, Roukema
With the likelihood that Democrats will take control ofthe House of Representatives, the odds are that John LaFalce, the13-term congressman, will become the next chairman of the bankingcommittee. The ...

Citigroup and AOL Announce Alliance
Global financial services giant Citigroup and Internet service provider America Online (AOL) have announced a significant multi-year alliance. Users of AOL, Compuserve, and other AOL brands will be offered ...

Particularity Pays
Mutual funds investing in financial-services stocks were among those that won investors during the third quarter, when most funds were lukewarm; this was helped by announcements of mergers at Chase ...

Credit-Card Companies Are Expected to Announce Solid
Credit-card companies are projected to announce impressive earnings results for the third quarter. Analyst Mark Alpert of Deutsche Banc Alex. Brown says the results are largely due to a ...

It's Magic Money; Criticism Mounts for Companies' Practice
Due to rising stock prices, pension funds have become asignificant, yet deceptive, source of reported corporate earnings, as many companies are now using the gains from employeepension funds to inflate ...

The Faces of Banking
Hudson Valley Bank of Yonkers, N.Y., was basing its business around personal relationships with customers long beforethat became a standard advertising technique, which has enabled the regional bank to keep ...

Customized Stock Buybacks Resume After Accounting Change
Customized stock buybacks have been revitalized following a lull that resulted from a new bookkeeping treatment, but the recovery may be short-lived if a different and larger accounting overhaul is ...

Account Aggregation Coming to Morgan Stanley
Morgan Stanley Dean Witter's planned account aggregation service, to become available in October, uses accountaggregator Yodlee.com, which already provides its services for other top financial ...

Arbitrator Rules Arthur Andersen, Andersen Consulting Must
The much awaited ruling by the International Court of Arbitration in Paris has ruled that the two arms of Andersen Worldwide must break up and that Andersen Consulting must change ...

Credit Unions Still Outpoll Banks, Thrifts When It Comes
This year's American Banker/Gallup Consumer Survey finds that credit unions still have higher poll numbers than banks and thrifts as far as customer service goes--some 79 percent of credit union ...

Scan and Pay E-Billing Surmounts Obstacles
To date, the hoped-for rise of electronic bill presentment has been at a stalemate-billers are unwilling to joinin electronic bill presentment services unless many consumers canreceive them, while consumers are ...

Accounting Rule in the Balance; Levitt Lobbying to Save
Securities and Exchange Commission Chairman Arthur Levitt is moving across the country, campaigning for his proposalthat would prohibit large accounting firms from providing consulting services to audit clients. Levitt's ...

SEC Reviewing Independence of Pinnacle Hldgs' Accountant
Pinnacle Holdings has come under the scrutiny of the Securities and Exchange Commission (SEC) because of its relationship with KPMG and PricewaterhouseCoopers. The nonpublic, informal inquiry addresses the independence ...

Fed Report Surprises on Syndicated Loans' Risk
A Federal Reserve Board report released Friday stated that syndicated portfolios at many large U.S. banks are less risky than their loans to individual borrowers. The Fed's quarterly poll ...

DLJ, Lehman Lose Loan Execs and Market Share
Donaldson, Lufkin & Jenrette and Lehman Brothers, whichwere at the head of investment banks' late-1990s movement into cross-selling corporate loans and other debt products, have now seen executive departures and ...

Bank of America Mortgage to Cut 350 Jobs
Bank of America Mortgage will be cutting 350 positions and shuttering 20 offices in three areas of the country. However, correspondent, broker, telesales, and Internet operations will continue in ...

Banks Move Slowly Toward Electronic Billing
The growing business-to-business online market has frightened many financial institutions that are afraid of losing customer contact and aggravating sales personnel that work on commission. However, the new market ...

Bank Group, Reuters Set Details for Currency-Trading
A consortium of 50 international banks headed by Chase and Deutsche Bank recently released financial details about Atriax, an online startup specializing in foreign-exchange trading, news, and research data for ...

Fess-Up Time
The online sporting goods store Fogdog brought millionsof customers to its site through hundreds of thousands of dollarsworth of giveaways and freebies, but the company did not account for the ...

Spectrum: Deals With Intelidata, Alltel Still Valid
The Chase-backed electronic bill presentment and payment venture Spectrum EBP says its contract with Metavante forpay-anyone technology will not alter earlier deals with Alltel and Intelidata Technologies to provide software ...

Risk Management for Community Banks
Every action a bank takes involves some risk, so risk management is essential to the operation of a bank. The first step in a good risk management process is ...

U.S. Labor Dept Finalizes Pension Asset Protection Rules
A final draft of fraud-prevention rules, set to offer protection of billions of dollars in assets held by small-business pension plans, has been issued by the U.S. Department of labor. ...

Wireless Technology Pays Dividends
Traditional brokerages are combining the power of the Internet and new technology to compete with the recent surge in online brokerages. Wireless access, data mining, and customer-relationship management are ...

Will Merger Pay Off for Bill Payers?
Paytrust plans to merge with PayMyBills.com, which willmake it the largest player in the electronic bill payment and presentment (EBPP) market. While this new business will offer EBPP only ...

Bridging the GAAP
The efficient market hypothesis is false, otherwise there would be no need for the Securities and Exchange Commission(SEC) or the Financial Accounting Standards Board (FASB), according to author Thomas G. ...

A Band of One's Own
The trend among big banks in the 1990s has been consolidation, but a countertrend has been occurring in Wisconsinand other places, as an exodus of upper-level executives has provided talent ...

Banks Back Fed's Plan for 'Finders' Role
A Federal Reserve plan to allow financial holding companies to be "finders" linking buyers and sellers has mostly won the support of banks and banking trade associations. If the ...

Schwab to Offer Early Trading
Charles Schwab is expected to announce plans to extend its trading hours in spite of regulators warnings against premarket trading. The San Francisco-based company plans to allow customers ...

SEC Files Civil Suit Against Accountants That Kept Quiet
The Securiites and Exchange Commission (SEC) has begun to crack down on accountants who fail to blow the whistle on clients they suspect are committing fraud. The SEC has ...

AFS Eyes E-Billing
Automated Financial Solutions is targeting the electronic billing market with new products designed to enable companies to join in e-billing without changing their methods forhandling paper billing and payment. ...

Chase Gets Ready to Issue $900M Credit Card Backed Debt
According to bank sources, Chase Credit Card Owners Trust is preparing to issue $900 million of new credit card backed debt. The series, 2000-3, is expected to include $750 ...

Some Fla. Bank Fees Reduced in '99
According to a new Federal Reserve study, several bank fees dropped in Florida last year, going against the national trend as well as the state's trend and reputation. Florida ...

Bidders for First Security, Wells Branches Must Wait
Wells Fargo had planned to announce the winning biddersfor Wells and First Security branches and deposits by the end of August, but the announcement has been delayed until early this ...

FirstData, iFormation Group Join Forces in Crowded
First Data and iFormation Group have formed an electronic-payment processor for online financial transactions called eONE Global, with First Data expecting to capitalize on its huge distribution network to give ...

Full Disclosure
An investigation completed by the Securities and Exchange Commission (SEC) uncovered a string of abuses brokers and advisors routinely commit at the expense of their less wealthy customers. Among ...

Bankers Get Out Pens, Blister Sunshine Provisions
Bankers and Senate Banking Committee Chairman Phil Gramm (R-Texas), a longtime ally of bankers, are currently in disagreement over some finer points in the disclosure of Community Reinvestment Act (CRA) ...

Fight Erupts Over SEC's Proposed Auditing Rules
A fight has erupted over proposed rules by Arthur Levitt, chairman of the Securities and Exchange Commission (SEC),that would limit the ability of accounting firms to provide consulting services to ...

Financial Institutions Leave Customers Stranded in
According to a recent study by Onyx, Microsoft, and Genesis Labs, financial services clients are being serviced much more slowly on the Internet than through standard channels. Onlyeight financial ...

Shell Game
Dot-com companies are about to see life get tougher, not only because spring's market correction devalued the shares that helped them retain staff and finance acquisitions, or because they are ...

Can the Financial Cafe.com Prove It's More Than Just a
The Financial Cafe.com is an e-brokerage firm that offers free online stock trading with no minimum account balance or restrictions on odd lots. It gives customers a large variety ...

Small Business Market Attracts National Lenders
At an October audioconference conducted by RMA-The RiskManagement Association, Steve Abercrombie, president of Business Resource Services, spoke about how the small-business market is currently attracting lenders on a national scale, ...

Fair-Lending Focus on Small Business
According to federal regulators, bank and thrift examiners will most likely pay more attention to fair-lending issues involving small businesses owned by women and minorities in the coming year. ...

Boston Bank Offers Web-Based Safe Deposit Boxes for
The new federal law that makes digitally signed documents legally binding has provided banks with an opportunity to offer a new generation of secure storage harbors for these documents. ...

Senate Hopeful in Florida Banks on His Role in Bankruptcy
Rep. Bill McCollum (R-Fla.) has been enthusiastically supported by the banking industry in his run for the Senate, particularly by consumer-credit lenders such as MBNA and Bank One, which have ...

PwC Joins in Fight Against SEC
PricewaterhouseCoopers, the only Big Five hold out in regard to the battle against the SEC proposal on auditor independence guidelines, has finally joined the others in the fight and has ...

Barron's: The Trader
Barron's notes Chase among the financial firms whose stock prices did well last week due to the market sentiment that there will be no more Federal Reserve rate hikes. ...

Time to Pay the Bills
A recent survey commissioned by the Direct Deposit and Direct Payment Coalition found that more than half of Americans forgot to pay their bills at least once last year, in ...

Fannie Drops FICO Scores
Fannie Mae is dropping FICO credit scores as a criterion in its current underwriting system. Instead, Fannie Mae is replacing credit scores with specific credit characteristics. Some of ...

Commissions? Not
At a recent regulatory meeting sponsored by the Securities and Exchange Commission, one discussion concerned a proposal that would exempt brokers at major wirehouses from certain fiduciary responsibilities. The ...

First Union Plans to Cut 5,300 Jobs in Overhaul
Amid an extensive restructuring, First Union has announced that it will be cutting out 7 percent of its payroll, or precisely 5,291 jobs. The company told the Securities and ...

When Good Drugs Go Gray
The FDA's Office of Criminal Investigation is looking into the substantial flu vaccine gray market, which was caused byburgeoning prices and shortages of the vaccines. Gray marketers operate by ...

The Yanks Are Coming
The growing number of Europeans who invest online has led to an explosion of European discount brokerages. London-based J.P. Morgan predicts that the total number of European traders who ...

Have You Implemented SysTrust With Your Clients?
The CPA SysTrust Service, developed by AICPA in conjunction with the Canadian Institute of Chartered Accountants,is a service that tests and verifies a system's reliability usingtechniques similar to those used ...

Issuers Graduate to the Risky, but Lucrative, College
According to United College Marketing Services, 9.2 million students are enrolled in four-year colleges, and 47 percent do not have credit cards. Students generally have low incomes and little ...

Consent Vital to Loyalty Cards as Lawmakers Ponder Privacy
Marketing experts remain high on loyalty card programs as companies strive to gain the trust of consumers and realize that it is best not to double-cross them. For example, ...

Activist: Privacy Provisions a Big Loophole
Bankers attending the Consumer Bankers Association's 2000 Privacy Conference got an earful from leading consumer activist Edmund Mierwinski, who said banks and their lobbyists are to blame for diluting privacy ...

Sticker Shock Easing
An increasing number of community banks are looking to partner with larger banks because they are not willing to hold out long enough to find out whether financial services modernization ...

OneCore Small-Biz Gateway Admits All Banks
OneCore Financial Network, which in two years has attracted 5,000 small businesses to its online financial service,has opened itself up in allowing any bank to private-label and resell its services. ...

Retirement Delayed--Maybe for the Better
People are eagerly struggling to acquire more "golden years" and less "grind," but the recent stock crisis has left many working into retirement, which may not be bad for the ...

X.com Is Reinventing Itself as the Electronic Payments
X.com has expanded its PayPal electronic payment service so that it now offers business-to-business, consumer-to-business, and person-to-person services. Earlier in the year, the company announced plans to buy First ...

Bank of N.Y. Stresses Fees and Impresses the Market
Analysts have been upgrading their ratings on Bank of New York, demonstrating support for the bank's concentration on fee-based income. Anthony Polini of Advest Group has upgraded the bank ...

Amex Commission Fees to Rise Oct. 1
The brokerage division for American Express (Amex) plans to raise most of its commission fees in October. The hike is expected to go into effect Oct. 1. According ...

A War the Accountants Will Lose Even if They Win
Some accountants want Arthur Levitt, the chairman of the Securities and Exchange Commission, to go away. Levitt wantsto, "be the nice guy," in a sense, by enacting new rules ...

SEC and Accounting Firms Near Compromise
According to sources involved with the situation, the Securities and Exchange Commission (SEC) and the Big Five could be near a compromise on auditor independence rules proposed by SEC Chairman ...

SunAmerica Says It's No Bull to Roll Out a New Technology
SunAmerica has introduced a new technology fund called Focused TechNet Portfolio, which focuses on tech stock selectionsfrom SunAmerica's best fund managers. The new portfolio looks for the best investment ...

Article Abstracts for /news/general
Mom and Pop Get a Break
Big financial enterprise systems are great for Fortune 1000 companies, but for small to medium-sized companies with no accounting department and only a small IT department, these applications are basically ...

Beware of Inflated Earnings
Accounting practices have become a controversial issue these days, with some saying new companies are avoiding traditional accounting practices to inflate their earnings reports, and others saying the traditional practices ...

Appearances Count in Auditor Independence
At the Illinois Society of CPA's Business and Technology Solutions conference, the American Institute of CPAs international auditing standards subcommittee member Dan Guy stated that auditor independence is a primary ...

Pooled Interests Link Bank Mergers: Observers Wonder
The U.S. banking sector has seen a resurgence of mergers, as US Bancorp acquired Firstar, FleetBoston acquired Summit, Citigroup acquired Associates, and Chase Manhattan acquired J.P. Morgan. While all ...

From Bingo to Banks?
A new bank currently being developed, Native American Bancorp, plans to finance institutions owned by American Indians and also back large commercial loans, according to the North American Native American ...

The End Is Nigh in the DOJ Trial
The defense has called its final witnesses in the antitrust suit brought against Visa and MasterCard by the Department of Justice (DOJ). The case centers around whether thecompanies' practice ...

A Site for the Global Profession
The International Federation of Accountants Web site islocated at www.ifac.org. It offers information for and about theglobal accounting and auditing community, news releases, standards, guidance, and forums for sharing ...

Canadians Ready for E.bill
A survey conducted by Optus Corp. and the Angus Reid Group finds that Canadians are prepared for electronic bill presentment. According to the survey, some 53 percent of Canadians ...

FASB Chair Blasts Proposed House Legislation
Legislation introduced in the House last week that would postpone the Financial Accounting Standards Board's (FASB) proposed four-year project to improve the transparency of accounting and reporting for business combinations ...

Med Sites Need a Dose of Privacy
A recent survey from Cyber Dialogue finds that 54 percent of the online population uses the Internet for health care, while another survey conducted by Cyber Dialogue and Deloitte Research ...

Subscription Software May Soon Replace Shrink-Wrap Boxes
Software bought as a single product, either at a store or from the Net, could be replaced in the future through subscription services, in which users would pay to use ...

Banks Try to Turn the Tables
As many investment banks fight for changes to the Thomson Financial Securities Data rankings to recognize the role of banks working as corporate broking advisors, rival banks are claiming Goldman ...

SEC Penalizes First Union Unit Over Auctions
The Securities and Exchange Commission (SEC) proceeded to take action against First Union Securities Tuesday. The firm,a unit of First Union Corp., was being investigated for violations of U.S. ...

Mergers of Big Banks Spark Boom in Community Banking
Recent mergers among the big banks have set off a boom in community banking. According to the Independent Community Bankers of America, the number of banks in the United ...

Does the New Economy Need a New Accounting System?
Academics, corporate executives, and accountants are all in agreement: the new economy needs a new system of accounting. Barry Libert, a partner at Arthur Andersen, said thecurrent business measurement ...

Fed Official Tells Banks: Beware Consumers Who Pile Up
Federal Reserve Board Vice Chairman Roger W. Ferguson has stated that banks and thrifts are vulnerable to an economic downturn due to their strong earnings and assets, but they shouldbe ...

Leach Says OCC Exceeded Power on Hedging
Rep. Jim Leach, chairman of the House Banking Committee, wrote a harsh letter to the U.S. Comptroller of the Currency Friday, saying the fact that the comptroller's office let banks ...

Chase Agrees to Buy J.P. Morgan & Co. in a Historic Linkup
The latest move in the trend toward mergers in the American financial services industry is Chase Manhattan's takeover of J. P. Morgan. Recent consolidations have made the United States ...

Banks Back, Credit Unions Slam 'Community Action' Proposal
Senate Banking Committee Chairman Phil Gramm (R-Texas) and credit unions oppose an idea put forth by the National CreditUnion Administration (NCUA) that would require a "community action plan" (CAP) to ...

Northern Trust, Shunning Mergers, Stays True to Roots
William Osborn, chief executive of Northern Trust, indicates that his company's strategy of acquiring customers upset by their bank's consolidation will continue as it opens Northeast offices in the wake ...

Merger Market Scars Warned Many Off, But Skilled Stayed
Introducing the American Banker's "M&A Midyear Review,"project editor Stephen Kleege writes that bank merger activity inthis year's first six months continued to be slight. Chase's deal to buy Robert ...

While Banks See Future in Full Service, Many Companies
Behind Chase's acquisition of J.P. Morgan & Co., as well as Citigroup's recent series of acquisitions, is the idea that financial institutions must become a one-stop shop for financial services. ...

Value Judgement: New Rules May Roil Banks
Banks have always held their loans at face value with the assumption that the loans would be repaid in full and with reserves set aside for those that fail. ...

Attack on FTC Move to Require OK's for Some Credit Checks
Banks have begun objecting to the Federal Trade Commission's interpretation of the Fair Credit Reporting Act thatsays banks cannot review a personal credit report for business owners looking to receive ...

Stocks Surging, But Banks Still Turning to Buybacks
Although financial stocks are rebounding, many banks, especially smaller ones, are continuing buyback efforts. Six interest rate hikes by the Fed have put pressure on banks' valuation, prompting many ...

Chase in $22 Million Credit Card Settlement
Chase will pay $22 million to settle law suits filed byits credit card customers. The suits claimed that Chase charged extra interest and late fees on payments that were ...

Banks Find New Ways to Increase Profits
Jay Tejera, a research analyst at Ragen MacKenzie, saysthat smart banks concentrate more on money management and less onlending to boost revenues. Tejera estimates that loan growth will be ...

Internet Banking's Popularity Increases
An American Banker/Gallup consumer survey finds that the percentage of personal computer owners who utilize online banking rose from 12 percent to 18 percent from 1999 to 2000, andthe amount ...

Goldman to Test Web Brokerage
Goldman Sachs has announced that it will be testing an online brokerage, GS.com, this month, with plans to make it available to customers during the fourth quarter. According to ...

Schwab Forges Pact With America Online in Effort to
In a bid to jump-start account growth, Charles Schwab reports that it has entered into a strategic partnership with America Online (AOL). Under the deal, AOL customers would have ...

Sovereign Bank Joins LiveCapital to Offer Sovereign
Sovereign Bank now offers real-time business financing online through the LiveCapital Financing Network, a group of leading lenders and lessors covering the credit spectrum. LiveCapital's services are available to ...

Leading Edge Alliance Adds More CPA Firms
The Leading Edge Alliance has added three new member firms, boosting its membership to 27 firms, and three more membership applications are under review. The alliance, which isan association ...

Banks Grab More of the Annuities Market, As Investors
As more Americans grapple with the issue of retirement assets, banks are racing to fix the dilemma by increasing their share of the annuities market. In the wake of ...

Lawmakers Seek 6-Month Extension on Auditor Independence
A letter signed by a dozen House Democrats has been issued to House appropriators, urging them to back an extra six-month comment period for the Securities and Exchange Commission (SEC) ...

Web Start-Up to Host Loan, CD Auctions
MoneyUnion, an Internet start-up company, plans to openonline bidding in auctions for certificates of deposit (CDs) and consumer loans. The company will offer the bidding through its Web site, ...

Morgan Stanley Settles Bias Case
Morgan Stanley Dean Witter has settled its legal dispute with former analyst Christian Curry, who claims he was fired from the company because he is black and because nude photos ...

In Brief: Fidelity Launches Web Payroll Service
Fidelity Investments has come out with an online payroll service specially designed to cater to the needs of its small-business customers. Using Electronic Payroll, as the service is called, ...

Expense Management With Internet Software
American Express now enables its card members to customize report summaries. Nine different expense categories such as lodging, airline, and retail are included. BillDirect Software allows members to ...

Oracle Teams Up With GE Capital Commercial Services to
GE Capital Commercial Services is providing payment protection and billing services for Oracle Exchange Platform-based e-commerce exchanges via its Exchange Payment Facility. The suppliers that participate on OracleExchange.com will ...

The Trouble With Asset-Based Loans
Generally, a good economy fosters a trend of banks granting more loans and credit, specifically in the area of asset-based lending. Financial institutions are hurt by this move when ...

Financial Institutions Trying to Woo Entrepreneurs to Web
The excitement surrounding online banking has not been enough to convince small-business owners of its benefits. Many are reluctant to take the plunge because of fear over security. ...

Online Brokerages Hit a New Low
Over the last few years, prices on the commissions for trading online have been steadily decreasing. Now, a handful of brokerages have introduced the lowest cost yet to the ...

Chase Revs Up Corporate CRM System
Chase is readying a system to extend the customer relationship management (CRM) skills used in retail banking to the corporate side of its operations; using the system, Chase's relationship managers ...

NAACP Survey: Banks Must Try to Do Better
Bank of America received the highest rating in the NAACP's recently released survey of the U.S. banking industry. The bank received a B rating, with First Union ranked second ...

CPAs Use Forensics to Ferret Out the Facts
Accounting firms such as KPMG are increasingly relying on Forensic & Litigations Services units to help dig up financialinformation and provide advice to clients embroiled in business disputes. KPMG's ...

U.S. Banks' Trend of Tight Lending Is Seen in Summer
The Federal Reserve says that U.S. banks will continue the trend toward tighter business lending practices through the summer. According to a Fed survey, most banks cited "a less ...

Earning His Stripes
Stephen P. Jonas is Fidelity Investment's first CFO to be promoted from within. His first move as CFO was to try to connect the finance managers of Fidelity's business ...

Chase Chooses Tool for Handling Queries
Chase has chosen Kana Communications' software, Kana Classify, as a means to work with queries from Internet banking customers, including giving automated answers and suggestions to customers. Many Chase ...

The Unprofitable Business Everyone Wants to Join
Although e-billing has made only marginal gains over the last four years, the up-and-coming industry has captured the imagination of the banking industry. The percentage of American households using ...

FASB Signals Another Delay on Pooling-of-Interests Ban
The delay of the Financial Accounting Standards Board's(FASB) expected ban on the use of pooling-of-interest accounting for mergers will most likely be extended, according to board member Michael Crooch. ...

Online Accounting and Financial Management
Lawson Software and EYT have jointly developed an application service provider called GoEYT. As part of their cooperation, GoEYT will provide a comprehensive Lawson-powered suite to high-growth companies. ...

No Matter Who Wins, Banking Lobbyists Will Be Partying
Regardless of which political party wins the White House and Congress, banking industry lobbyists are certain of onething--they will be partying it up all night long. One chief lobbyist ...

From a Tiny Acorn
Since Ralph Wagner began managing Acorn Fund in 1970, the fund's annualized 16.7 percent gain has beaten the Standard &Poor's (S&P) 500 index by 14.4 percent. A $10,000 investment ...

Adding Up the Marketing Dollars
According to a survey by Competitive Media Reporting, Visa USA, MasterCard International, Discover Financial Services, and American Express increased their advertising spending 14 percent last year, to $872.8 million. ...

Clients to Pay for Second Audits
In the most recent edition of Accounting Today, Barry Schimel describes ways accounting firms can get involved in new fee-generation areas. Schimel, who advises firms on how they canearn ...

SEC Hires Ernst & Young Ex-Partner
Former Ernst & Young partner Jackson Day will be the Securities and Exchange Commission's (SEC) new deputy chief accountant. On Monday, the SEC announced the hiring of Day, who ...

Bank Investment Reps May Try to Cash in on Customers
With increasing frequency, bank representatives are being asked to build their business without the support of their banks. As a result, the probability that representatives will try to bring ...

Amex Has Disposable Answer for Web Privacy
American Express' new product, Private Payments, will enable Amex customers to buy products online without having to enter their account numbers. The product will be free to consumer and ...

Settlement Doesn't Add Up for Arthur Andersen
Arthur Andersen is not satisfied with the terms of its divorce settlement with Andersen Consulting. The Big Five accounting firm was recently told by an arbitrator that it could ...

E*Trade's New Target
E*Trade has entered into a strategic arrangement with retailer Target Corp. that promises a $100 Target GiftCard to investors that open a new brokerage account with E*Trade. Under the ...

CFO Dives Into Pooling Proposal
The Financial Accounting Standards Board's (FASB) proposal to eliminate the pooling method of accounting was met with disapproval from the accounting industry. The method has been popular for many ...

SEC Chief Wants Accounting Firms Held Accountable
Securities and Exchange Commission (SEC) head Arthur Levitt is ready to take his case regarding auditor independence to congressional leaders. According to reports, the SEC is already investigating accounting ...

SEC Questions Start-Ups' Practice of Cheap Stock Sales to
The Securities and Exchange Commission (SEC) has begun to scrutinize technology companies' practice of offering cheap stock, or warrants to buy stock, to corporate customers as these start-ups try, perhaps ...

Accounting's Most Influential People Air Their Concerns
A recent issue of Accounting Today explored the thoughts and opinions of whom it deemed the most influential 100 people in the accounting profession. In addition to listing the ...

A Privacy Group Will Aid Card Issuers
With privacy legislation remaining at the top of the congressional agenda, many credit card companies have hired a chief privacy officer to keep them up-to-date on regulatory developments. In ...

Payroll Processing
Pensoft Payroll is a payroll processing software package. Designed for smaller businesses (under 1,000 employees), the system automatically computes paycheck amounts, benefits, and deductions. The software can print ...

Bang for the Buck
Vanguard's U.S. Value Fund will collect large caps for low P/E ratios and good dividends. Though the fund will be actively managed, the 0.53 percent expense ratio is considered ...

Wireless May Have Few Takers in Corporate Payments Arena
According to research by Yankee Group, over 500 millionmobile phones will be sold around the world next year. By the end of the year, the group expects about 15 ...

No Respect
It is unclear what will happen to the roster of stocks in the Dow Jones Industrial Average if Chase goes through with its planned acquisition of J.P. Morgan, which is ...

Volcker's View: From Jersey to Jakarta
Former Federal Reserve Chairman Paul Volcker believes banks should continue to expand into different areas of business in order to keep up with globalization, but he also admits that smaller ...

1980s Were the Dawn of U.S. Investors' Liberation Movement
Barry Strudwick asserts that the 1980s marked the beginning of a revolution in U.S. investment. The movement beganwith money-market funds, then no-load mutual funds and asset allocation. According ...

New Rules, New Responsibilities
In the last decade, the speed and volume of financial communications put pressure on individuals and companies. Companies that did not fare well received the full wrath of the ...

Excessive Optimism Kills Joint Ventures
When joint ventures and strategic alliances between CPAfirms fail, overly optimistic expectations are often the main cause, according to "Joint Ventures: Business Strategies for Accountants" author Robert P. Lynch. ...

Online Brokerages Need Segmentation Plans
A recent study by IDC, an information technology research company, shows that the U.S. online brokerage customer base will nearly double to 20 million households by 2004. Additionally, the ...

Financial Modernization: Vastly Different or Fundamentally
Edward G. Boehne, president of the Federal Reserve Bankof Philadelphia, examines five questions about banking industry trends as they relate to the implementation of the Financial Services Modernization Act. ...

Banks Step Up Online Brokerage Offerings
According to the American Banker/Gallup consumer survey, a growing number of investors are trading securities on the Internet. More and more banks are realizing that customers are interested in ...

FleetBoston Sets $7 Billion Deal for Acquiring Summit
FleetBoston Financial has agreed to buy Summit Bancorp.FleetBoston's $7 billion acquisition of Summit gives the bank both an affluent New Jersey customer base and a No. 4 deposit ranking. ...

Visa, MasterCard File Proposed Findings
As the Visa/MasterCard antitrust matter draws to a close, the two card associations have filed their proposed "findings of fact and conclusions of law" with the court. By Oct. ...

CheckFree Deal Shows B of A High on E-Billing
Bank of America is joining the small group of top U.S. financial institutions--Chase, Bank One, FleetBoston and Wells Fargo are the others--that provide electronic payment and presentment services. Bank ...

A Bigger Yardstick for Company Performance
Two members of the accounting faculty at the Wharton School investigate the pluses and minuses of the move toward using non-financial measures of performance, like "intangible assets" or "intellectual capital." ...

Citigroup, Wells Fargo Joining To Create E-Payment Network
Citigroup and four other technology and financial companies said on Monday that they are creating a joint venture to streamline online payments between businesses. This new venture comes as ...

Forecast: 14 Percent of Bills Electronic by 2004
According to International Data Corp., the volume of bills paid electrically will jump from just 1 percent to 14 percent by 2004. By 2004, the company expects 40 percent ...

AICPA Postpones XYZ Credential Vote
The AICPA has postponed making a decision on whether its full membership will vote on establishing a new credential recognizing proficiency in accounting and related professions. The vote on ...

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