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Accountant Terms


  > Accrual Method Of Accounting
In the context of a financial audit, audit findings represent weaknesses or deficiencies in internal controls, or instances of noncompliance with applicable laws and regulations, that are presented in an audit report.
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  > Balance Sheet
A statement listing a business's assets, liabilities, and net worth, or equity.
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  > Blue Book
This is the term commonly used to describe the Government Finance Officers Association publication Governmental Accounting, Auditing and Financial Reporting. Initially, the blue book was the authoritative source for GAAP for state and local governments.
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   Accountant News:

Office of the Chief Accountant Selects Two Professional Accounting Fellows


Washington, D.C., Mar. 30, 2006 — The Securities and Exchange Commission's Office of the Chief Accountant has selected two professional accounting fellows for two-year terms beginning in June 2006:


Sandie E. Kim, currently a senior manager in Deloitte & Touche LLP's National Office Accounting Consultation Group based in San Francisco, Calif.; and


Josh K. Jones, currently a senior manager in Ernst & Young LLP's Atlanta, Ga., practice office.

Ms. Kim and Mr. Jones will join the current professional accounting fellows — Joseph D. McGrath, Michael G. Gaynor, Timothy S. Kviz, and Joseph B. Ucuzoglu. Outgoing professional accounting fellows are Shan L. Benedict, Jennifer M. Burns, Mark A. Northan, Brian K. Roberson, and Pamela R. Schlosser.

At the Commission, the newly selected professional accounting fellows will be involved in the study and development of rule proposals under the federal securities laws, liaison with the professional accounting and auditing standards-setting bodies, and consultation with registrants on accounting and reporting matters.

"Sandie and Josh were selected in a highly competitive process and bring valuable experiences and skills to our office. These individuals will be instrumental members of our team as we work to accomplish our mission of protecting investors. I would also like to express my thanks to the outgoing professional accounting fellows for their outstanding efforts during the past two years," said Scott A. Taub, Acting Chief Accountant.

Contact our Washington Accountants


If you live in the following cities and need an accountant, you should contact our Washington Accountants as soon as possible:

  • Arlington
  • Auburn
  • Bellevue
  • Bellingham
  • Bothell
  • Bremerton
  • Edmonds
  • Everett
  • Federal Way
  • Kennewick
  • Kent
  • Kirkland
  • Lacey
  • Longview
  • Lynnwood
  • Marysville
  • Moses Lake
  • Oak Harbor
  • Olympia
  • Pasco
  • Port Orchard
  • Redmond
  • Renton
  • Richland
  • Seattle
  • Shelton
  • Snohomish
  • Spanaway
  • Spokane
  • Sumner
  • Tacoma
  • Vancouver
  • Walla Walla
  • Wenatchee
  • Woodinville
  • Yakima
       
 
Did You Know?    
 
 
You want to hire an accountant that practices GAAP.
Generally accepted accounting principles (GAAP) are the accounting rules used to prepare financial statements for publicly traded companies and many private companies in the United States.

 
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Latest News
  Latest accountant news in Washington and nationwide:

Jul 31, 2006 - FASB To Simplify Accounting For Separately Recognized Servicing Assets And Liabilities
The FASB today issued Statement of Financial Accounting Standards No. 156, Accounting for Servicing of Financial Assets. T...
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Jul 14, 2006 - F.E.R.C, Strengthens Customer Protection, Facilitates Investment In Electricity Industry
The Federal Energy Regulatory Commission today harmonized provisions of two key Energy Policy Act of 2005 rulemakings addr...
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Aug 22, 2005 - Discipline Against The Respondent
On October 29, 2001, bar counsel filed a five-count petition for discipline against the respondent. On February 27, 2002, ...
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