MISSISSIPPI SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS

VOLUME XLVIII JULY 2011

In MemoriamEdgar E.Wicks, CPA

LelandDied May 31, 2011

28th AnnualGovernmentalAccounting& AuditingConferenceThursday & Friday,Aug. 18 & 19, 2011

Hilton Jackson

$245 Member Fee

Non-Member $345

16 Hours of CPEMembers can register online.Anyone can register bycompleting the standard CPEregistration form at www.ms-cpa.org

In Appreciationto the

MSCPA Gulf Coast Chapter

for the

$1,000 Contribution

to the

Education Foundation

2011-2012 MSCPA OFFICERS

Stacy ThomasJacksonPresident

Lee AdamsJackson

Vice President/President-Elect

Ricky BullockTupelo

Treasurer

Donna BruceJacksonSecretary

Newly elected officers for the 2011-2012 MSCPA year are: top from left, StacyThomas, Jackson, President; and Lee Adams, Jackson, Vice-President/President-Elect. Bottom from left are Ricky Bullock, Tupelo, Treasurer; and DonnaBruce, Jackson, Secretary. Officers were elected during the Business Meeting atthe Annual Convention on Saturday, June 25. Photo coverage of the BusinessMeeting and Convention will be carried in the August Newsletter.

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Mississippi Society of Certified Public Accountants July 2011

Publishedby the

Mississippi Society ofCertified Public Accountants

306 Southampton RowThe Commons

Highland Colony ParkwayRidgeland, MS 39157

PHONE: (601) 856-4244FAX: (601) 856-8255E-MAIL ADDRESS:mail@ms-cpa.org

OFFICERS

PresidentStacy E. Thomas, Jackson

Vice President/President-ElectLee Adams, Jackson

SecretaryDonna Bruce, Jackson

TreasurerRicky Bullock, Tupelo

Immediate Past-PresidentSim Mosby, Natchez

Executive DirectorJack O. Coppenbarger

The CPA Newsletter is the officialpublication of the Mississippi Society ofCertified Public Accountants. TheNewsletter invites articles of interest to theprofession and gives credit to the author;however, it reserves the right to editarticles for correct spelling, wording andpunctuation.

Opinions expressed are not necessarilythe official policy of the MSCPA.Advertising is accepted in good faith thatthe product/services are of value stated.

New MSCPA

CAREERCENTER

For Job SeekersAnd Employers

Sign up at www.ms-cpa.org

Welcome New MembersNew members include: Dana Rene

Apperson, Mark Lawson Brown, DonaldColby Carmichiel, Russell Alan Eldridge,Heather Clearman Espey, Jamie BatteGoodwin, Terry Max Halley, Jr., LisaHarrell Hammarstrom, Harry CarlHammond IV, Britny Bailey Hester,Jennifer M. Hill, Joshua AllenHutcheson, Kelli Landry Lyons, JonKevin Pernell, Jr., Lane Marie Poland,Morgan Stone Samuels, James HowardScheiner, Amanda Leigh Spencer,Stephanie Hall Tompkins, MichaelBradley Wood, Jill B. Wright, and WendyS. Collins.

Now completing the membershipprocess are:

James “Tripp” Jefferson Davis IIIwas born in Jackson and received hisBachelors in Accountancy from DeltaState University. He is a SeniorAccountant with Harper, Rains, Knight& Company in Ridgeland.

Morgan Brister Hegi was born inJackson and received her Bachelor ofAccountancy and MBA from MississippiState University. She is a Tax Associatewith Horne LLP in Ridgeland.

Clair Brewer Jenkins was born inGreenwood and attended Delta StateUniversity earning a BBA in Accountingand Master’s of ProfessionalAccountancy. She is a Staff Accountantwith Taylor, Powell, Wilson & Hartfordin Greenwood.

Stephanie Halphen McKay wasborn in Fort Worth, Texas and receivedher BS in Accounting from LouisianaState University. She is the Owner ofHalphen-McKay, PLLC in Gulfport.

Judith Perry Johnson was born inPhiladelphia, Miss., and received her BSin Accounting from Mississippi State

University. She is President of Judith P.Johnson, CPA, in Kosciusko.

Frances Elizabeth McNair was bornin Corinth and earned her Bachelor ofAccountancy, Master of Accountancy,and Ph.D. from the University ofMississippi. She is a Professor atMississippi State University.

Lori A. Mitchell was born in FortHood, Texas and attended MississippiGulf Coast Community College and theUniversity of Southern Mississippiearning a BSBA degree. She is a StaffAccountant with Alexander, Van Loon,Sloan, Levens & Favre in Gulfport.

Joshua Lee Norris was born inJackson and received a Bachelor ofAccountancy and a BA in InternationalStudies from the University ofMississippi. He is a Manager withRichard L. Corkern, CPA, PA in Jackson.

Van Brooks Poole was born inJackson and received his BSBA fromMississippi College and Master ofTaxation from the University ofMississippi. He is an Instructor ofAccounting at Mississippi College inClinton.

Diane DavidsonWilson was born inPascagoula and earned a BSBA inAccounting at the University of SouthernMississippi and has additional study atFlorida State University. She is Directorof Internal Audit at IP Casino Resort &Spa in Biloxi.

CHUCK CALDWELL of Natchez waselected to a three-year term as an at-largemember of the Board of Governorsduring the Annual Business MeetingJune 25 in Destin. Chuck served asMSCPA President in 1993-94.

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July 2011 Mississippi Society of Certified Public Accountants

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Mississippi Society of Certified Public Accountants July 2011

Past Presidents at 2011 ConventionFourteen Past Presidents attended the 2011 Annual Convention in June at Sandestin and gathered for the Saturday morningbreakfast. Standing from left are Ed Jones, Bob Cunningham, Billy Gillon, Vance Randall, David Miller, Jim Burkes, Gary Walkerand Tony Chance. Seated from left are Clyde Herring, Dora Herring, Linda Keng, Jan Lewis, Jimmy Davis, and Chuck Caldwell.Additional photo coverage of the Convention will be included in the August Newsletter.

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July 2011 Mississippi Society of Certified Public Accountants

Mississippi Society of Certified Public Accountants July 2011

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Decline in Optimism as CPAs Assess U.S.Economic Outlook

CPAs around the country have witnessedfirsthand the impact the struggling economyhas had on their organizations. More than twoyears after the economic crisis first took holdin the U.S., AICPA members in business andindustry continue to provide key insights,opinions and experiences that make up thecore of the most recent quarterly AICPABusiness and Industry Economic OutlookSurvey.

The economic outlook for the year ahead,inflation, revenue and spending projections,financing strategies, health care costs,retirement plans and top organizationalchallenges are among the key topics featuredin the survey. Findings are also categorized byindustry, region and business size.

The survey of approximately 1,100 CFOs,CEOs/presidents, controllers and other seniorexecutives for the second quarter of 2011 wasperformed between May 11-26 and itsfindings can serve as invaluable guidance forCPAs and other executives as they enter thesecond half of 2011 and plan for 2012 andbeyond.

Economic Optimism Suffers aSetback

Despite glimmers of progress that haveenhanced some parts of the economiclandscape, the financial crisis and thechallenges it has brought to the thresholds ofall types of organizations remain a harshreality for many business leaders.

The CPA Outlook Index (CPAOI), whichis a broad-based composite index of ninesurvey measures at equal weights, gaugessurvey participants’ sentiment about the U.S.economy and their own organizations. Areading above 50 indicates a generallypositive outlook with increasing activity and areading below 50 indicates a generallynegative outlook with decreasing activity. Forthe second quarter of 2011, the indexdeclined to 66, down three points from 69 inthe prior period, thereby relinquishingapproximately one-half of last quarter’s gain.

“The flush of optimism we experiencedearlier this year has given way to moremoderate expectations for the U.S. economy,”said Carol Scott, CPA, MBA, AICPA vice

president for business, industry andgovernment. “While the CPA Outlook Indexis still positive relative to the dark days of therecession, our members are concerned aboutrising energy costs and inflation, health carecosts, and continuing weakness in demand.”

Dues NoticesMailed in June

Dues notices for fiscal year 2011-2012 went in the mail in mid-June to the2611 members of the Society. The duesrates include no increase over the yearjust ending. Dues are payable uponreceipt of the statement and membersmay choose to pay by credit card. Acopy of the 2011-2012 dues statementhas been posted to the Society’s website(www.ms-cpa.org) so members maydownload a copy.

continued on page 8

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Mississippi Society of Certified Public Accountants July 2011

OPTIMISM IN DECLINEcontinued from page 6

A scant 32 percent of surveyed executivesare “optimistic” about the outlook for the U.S.economy for the next 12 months, with onlyone percent being “very optimistic.” Thisfinding is a dramatic 15 percent combineddecline from the previous quarter (47 percent“optimistic” and one percent “veryoptimistic”) and a measurable departure fromone year ago (39 percent “optimistic” and onepercent “very optimistic”). However, it stillremains above the fourth quarter of 2010.

Although the majority of surveyparticipants are clearly looking to the futureU.S. economy with a degree of caution, theiroutlook for their own organizations faressignificantly better. Forty-six percent have an“optimistic” outlook for the next 12 months,which is the same as the previous quarter, andeight percent are “very optimistic,” which isslightly less (11 percent).

Expectations for Expansion,Revenue, Profits and HiringDecline Slightly

The downward trend in economicoptimism is tempered somewhat by CPAexecutives’ less ominous responses to anumber of key issues that go to the core oftheir operations. For example, 51 percent ofsurvey participants expect their business to“expand a little” over the next 12 months ascompared with the previous quarter’s 56percent. Ten percent expect it to “expand alot” and 23 percent expect it to “stay thesame,” both tracking closely with the year’sfirst quarter.

Also, a solid majority of executives expectrevenue and profits to grow (68 percent and57 percent respectively); however, thesepercentages fall short of the previous quarter’s72 percent and 62 percent. Yet, by exceeding2008, 2009 and 2010 levels, these findingsbring some encouragement and optimism tobusiness leaders and their teams.

The survey also reveals that additionalstrides need to be made in staffing, provingonce again that employment levels remain oneof the chief indicators of prevailing economicconditions. Only 12 percent of surveyparticipants have too few employees and areplanning to hire in the immediate future and21 percent are waiting until conditionsbecome more certain. A majority (54 percent)have an appropriate number of employees.These percentages compare closely with theprior period. CPA executives in thetechnology, health care (nonprovider) andmanufacturing sectors anticipate the greatestincreases in staffing, while construction andhealth care (provider) organizations expect

staff decreases.Surveyed executives also looked ahead to

when they would expect their organization’semployment to return to pre-recession levels.Twenty percent expect a return to happenbetween one and two years. It is notable thatalthough the highest percentage (33 percent)responded that their employment did notdecline during the recession, a near-equalnumber, and the second-highest percentage(31 percent), report that their employment isunlikely to return to pre-recession levels inthe foreseeable future.

CPAs Take New Approaches toHealth Care and Retirement Plans

Health care and retirement plans havemoved straight from the corridors of thelegislature to executive offices around thecountry, and the changing cost structure andresponsibilities associated with these plansare now among the highest priorities forfinancial executives today.

When CPAs were asked which optionstheir organizations are considering to containhealth care benefit costs for the next plan year(44 percent expect increases of more thaneight percent over the course of the comingyear), a sizeable 45 percent responded thatthey plan to increase the employeecontribution. Forty percent expect to raisecopays, coinsurance and/or deductibles and31 percent plan to modify or restructure theirhealth care plan offerings to contain costs.Only 24 percent plan to absorb the extracosts.

One area that has maintained a degree ofstability during unstable times is theorganization’s contribution to 401K, 403B orother defined contribution retirementaccounts. The majority of executives surveyed(58 percent) were able to maintain or increasetheir contribution during the recession, andthe future also looks more promising formany organizations that had reduced theircontributions. Ten percent have already fully

or partially reinstated contributions and fivepercent plan to do so soon in the near future.However, 14 percent do not plan to reinstatethem at this time.

Inflation and Other Challenges AreTop Concerns for CPAs

Identifying obstacles to success andunderstanding which present the greatestthreat to the organization and its long-termprosperity can be significant challenges forbusiness leaders, especially duringrecessionary times. However, surveyparticipants shared their thoughts andopinions on these concerns, providinginvaluable guidance on issues that continue togrow in importance.

When asked which concerned them moreover the next six months, inflation ordeflation, an overwhelming 61 percent choseinflation, which is a significant jump from theprevious quarter’s 55 percent and nearly twiceas high as the fourth quarter of 2010 (34percent). A mere four percent chose deflationand 27 percent believe neither is an imminentconcern for their business.

Thirty-two percent of respondents identifyraw materials costs as the potentialinflationary factor that poses the greatest riskto their business. Energy costs surpassedinterest rate concerns this quarter, cited by 24percent of respondents as their greatest risk.Rounding out the list are, interest rates (20percent) and labor costs (17 percent).

Among the leading challenges facing CPAexecutives, customer demand commandeeredthe number-one ranking, followed byemployee health care costs, regulatoryrequirements, political and economicinstability, and materials, supplies orequipment costs. This hierarchy has remainedunchanged since the previous quarter, and forthe top-three challenges, for five consecutivequarters.

Complete survey results and analysis canbe accessed at aicpa.org/cpaoutlook.

MAJOR EVENTS ON THE2011 MSCPA CALENDAR(Dates are tentative for some Fall Conferences)

Technology Seminars in Tupelo August 8 & 9Governmental A&A Conference August 18 & 19Health Care Services Seminar September 16Industry Conference October 18Educators Symposium October 28Corporate Income Tax Returns Workshop October 31 – November 1Not-for-Profit Conference November 4Mississippi Tax Institute November 10 & 11Business Valuation & Litigation November 141040 Tax Return Workshop December 1 & 2

July 2011 Mississippi Society of Certified Public Accountants

9

Do WeHave Your

Current EmailAddress?Send it to

mail@ms-cpa.organd we’ll update.

CPA Financial Executives Respond to Incentivesand Compensation Survey

How are companies adjustingperformance targets in the post-recessionary environment? A predictedrise in executive compensation indicatesthat organizations are game to meetfinancial targets as they navigate out ofthe economic crisis.

The results of the 2011 CFOIncentives and Compensation Survey:Incentives and Performance TargetsFollowing a Recession, conducted byMichal Matejka of the W.P. Carey Schoolof Business at Arizona State University,show a downward trend in totalcompensation between 2008 and 2010,but predict an improvement in 2011. Thesurvey is a follow-up to researchconducted with AICPA members in 2009and 2007.

Many companies that had increasedemphasis on financial performancetargets during the recession reducedthose expectations in 2010. Survey

participants also indicated that 2011earnings targets were much more likelyto be achieved than during the recession.As a result, the difficulty of financial andnonfinancial targets was better balancedin 2010 and 2011 bonus plans thanduring the recession.

Research Results Show Use ofFinancial and NonfinancialTargets

Some specific findings from Dr.Matejka’s research include:

• Median targeted return on salesincreased from 4.6 percent in 2009to 5 percent in 2010 and 6 percentin 2011 and the probability ofachieving 2011 earnings targetswent up considerably as well.

• Companies were very reluctant toset negative earnings targetsregardless of the time periodconsidered.

• The bonus weight on financial

targets was lower in smaller privatecompanies and greater in largerones.

• Many private companies hadincreased the bonus weight onfinancial targets in CFO bonusplans during the recession butlowered it again recently. Similarreversals of prior increases (albeit

continued on page 12

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July 2011 Mississippi Society of Certified Public Accountants

Laptop Security by William C. (Will) Fleenor, Member, K2 Enterprises

Laptop theft is a cottage industryin the U.S. Consider these facts:

• According to SafewareInsurance Agency, more than750,000 laptops are stolen everyyear in the US. This translatesinto more than $1 billion in lostproperty and, according to thestudy, more than a $5 billionloss of proprietary information.

• According to the FBI, awhopping 97% to 98% of stolencomputers never return to theirrightful owner.

• The average business losesabout 5% of its laptop inventoryto theft.

• Even top law enforcementagencies are not immune. TheFBI reportedly experiencesthree to four laptop thefts amonth.

• More than half of the stolenlaptops are stolen out of offices,so almost no one is reallyimmune to the risk of havinghis/her laptop disappear.

• From 2005 to 2006, there wasan 81% increase in the numberof companies reporting stolenlaptops containing sensitivedata. This was the year thecrooks discovered that the dataon the laptops is worth muchmore than the hardware.

Replacement Cost is Not theIssue

According to a report byMicrosoft, more than half of thereported security breaches are adirect result of stolen or lostequipment. While the replacementcost of this equipment is estimated tobe over a billion, that cost can betrivial compared to the cost ofsecurity breach notifications you mayincur. According to an annual studyby Ponemon, data breach incidentscost U.S. companies $214 percompromised customer record in2010.

Imagine how many notificationsyou would have to make if you werea CPA in public practice and lost alaptop with numerous clientQuickBooks files, each of whichcontained employee payroll data. In

the 46 states that have securitybreach notification laws, you wouldhave to notify not only the companiesbut also the employees of thosecompanies that their confidential datawas contained in the QuickBooksfiles. Multiply those numbers by$214 per notification.

Whole Disk EncryptionWhole disk encryption is the

solution for people with confidentialinformation on their computers.Whole disk encryption for computersis available for almost all operatingsystems, including not only Windowsand Apple Leopard OS, but alsoLinux. For example, the latestrelease to the PGP EncryptionPlatform adds pre-boot authenticationto PGP Corporation data encryptiontechnology for Intel-based Mac OS Xsystems “Tiger” and “Leopard,”providing protection for data ondesktops, laptops, and removablemedia.

Whole Disk Encryption vs.Volume Encryption

It is an undeniable fact that yourpeople are an integral part of yoursecurity system. People clearly needto be trained as to what they shoulddo and what they should not do.However, if you can take decisions bynon-security professionals out of thesecurity processes, you are better off.

When you encrypt only part of thedata on a computer hard drive, theend user has to make a decision onwhat to encrypt and what not toencrypt. Clearly, this is well beyondthe capabilities of most end users.For example, most end users wouldnot know to move the PST/OST fileto the encrypted area of the drive ifonly part of the drive is encrypted.They would not realize thatconfidential information could be inthe browser history or that copies ofprint jobs containing confidentialinformation are likely in a print spoolarea – both of which should be inencrypted areas.

For this reason (i.e. removing endusers from making critical securitydecisions), it is generally better toencrypt the entire hard drive. It is

much simpler to implement andcertainly much easier to maintain.Everything is encrypted. The enduser has no role in deciding what toencrypt and what not to encrypt. Theonly drawback is that if you lose thekey, you can never recover theencrypted data. This makes regularbackup an important step.

Selecting a Whole DiskEncryption Solution

If you conclude, afterunderstanding all the potential costs,that a comprehensive whole diskencryption solution meets yourneeds, you have choices. Thefollowing is a short sampling from avery big market with lots of goodchoices, many of which are notincluded in this list.

• PGP Desktop Professional –Considered by many to be thegold standard in the category

• McAfee Endpoint Encryption –Strong consumer and smallbusiness player

• BitLocker – Microsoft’s entrantand a strong player

• TrueCrypt – Open source, free,highly respected, more complexinterface, support only from thecommunity of users

• Beachhead Solutions – A verycomprehensive approach forlarger businesses

ConclusionIn this article, we have attempted

to bring attention to what we think isa serious business risk. For manyaccountants, the risk is huge, andfailing to address it properly could bea deal breaker. Imagine a CPA inpublic practice having to notify allhis or her clients that theirinformation was compromised. Weare particularly concerned becausewe believe (based on our experienceproviding technology training formore than 50,000 accountants eachyear) that this issue has not beenproperly addressed by the majority ofaccountants.

This material is taken from the K2Enterprises’ 4 CPE hour seminarentitled “Security Tools – Up Closeand Personal.”

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Mississippi Society of Certified Public Accountants July 2011

COMPENSATION SURVEYcontinued from page 9

smaller in magnitude) took place inother companies, especially largerones.

• The most common type ofnonfinancial targets in CFO bonusplans were operations targets.Targets related to market andstrategy were used more heavily bylarger companies.

• Inversely related to size was theusage of targets related to CFOs’accounting & IT functionalduties—this type of target was usedmore heavily by smallerorganizations.

• Nonfinancial targets were relativelyeasy to achieve as long as a thetargets were formally included inthe bonus plan formula—theaverage probability of achievingnonfinancial targets was 75 percentin companies that formally includedthem in their bonus formula.

• Formally using explicitnonfinancial targets in CFO bonusplans (rather than relying onsubjective evaluations) wasassociated with greater CFOinvolvement in major businessdecisions.

The research revealed that therecession did have a strong effect onannual bonus plans and performancetargets. Many companies (especiallylarger ones) increased bonus weights onearnings and other financial measures ofperformance. In addition, earningstargets became difficult to achieve in partbecause companies were reluctant to setnegative targets even if they were oftenmore realistic than zero or just-above-zero earnings targets.

Nonfinancial performance targetsremained achievable which may havefurther increased the pressure to focus onshort-term financial results. Although thedata does not speak to the effectivenessof companies’ bonus plans, it seems thata high emphasis on earnings, cash-flow,and other financial results crucial forsurvival is justifiable during a crisis.

Looking AheadDr. Matejka advises that companies

that want to be well positioned to benefit

from a post-recessionary rebound in theeconomy cannot afford to overemphasizeshort-term financial results and curtailinvesting in long-term projects for long.Accordingly, executive bonus plansshould more effectively balance financialtargets with nonfinancial performanceindicators that better reflect long-termbusiness success.

The survey findings are consistentwith this expectation. Many companiesthat had increased bonus weights onfinancial performance measures duringthe recession adjusted them down againin 2010. Respondents indicated thatearnings targets were much more likelyto be achieved than during the recessionand their average difficulty wascomparable to the difficulty ofnonfinancial targets, which restored thebalance between the different types oftargets and encouraged focus on short-term financial goals without neglectingthe long-term. Combined, this evidencesuggests that the sample companies arewell on the way to recover from theadverse effects of one of the worstrecessions in recent memory.

International Survey Allows forComparison

Results of a companion surveyPerformance Targets CFO Compensation:An International Comparison show thatmembers of Internationaler ControllerVerein (ICV), and AssociazioneNazionale Direttori Amministrativi eFinanziari (ANDAF) in Germany andItaly, respectively, have similar basesalaries as their U.S. counterparts,however organizations in each countryutilize financial and nonfinancial targetsin various degrees.

Survey DetailsThe 2011 CFO Incentives and

Compensation Survey populationconsisted of 40,000 AICPA members inbusiness and industry with job titlesCEO, CFO, VP Finance, COO, President,Managing Director, or Controller.Selected members were invited toparticipate in an on-line survey in March2011. By the end of April, 999 membersfully or partially completed the surveyquestionnaire.

Isn’t technology great when yousimply push the power button and it’sinstantly ready for you to be productive?If you agree, then you have experiencedthe euphoria that results from the synergyof human and machine interaction.However, if you disagree, it is most likelydue to a kink in the system anywherebetween your fingertips and the Cloud.Fortunately, Google has introduced aproduct called the Chromebook that willmove us one step closer to seamlesslyintegrating technology into our lives.

The Chromebook is designedspecifically to work with the Cloudenvironment and will alleviate some ofthe headaches associated with traditionalpersonal computers, such as crashes,program updates, viruses, outdatedhardware, etc. Even though this devicemay not be ready for enterprise-widedeployments in the accounting industrytoday, this compact 10-inch laptop has abattery life of over 7 hours with built-in

WiFi and optional 3G (100mb of freeaccess from Verizon each month) forconnectivity to business resources. Thisproduct is a great compliment to existingCloud or Citrix clients as a laptopreplacement that will reduce the overallcost of ownership by eliminating thevariables associated with locally installedoperating systems.

Thin-clients have been implementedin fortune 500 companies since the early90’s; however, the ROI was recoveredonly in large scale deployments ofthousands of PCs since the cost of theterminals was rather expensive. TheChromebooks will be available fromretail outlets for under $500 and Googlewill be offering a subscription thatincludes the Chromebook, a web-basedmanagement console and 24/7 supportfrom Google starting at $28 per monthfor businesses. Even though the upfrontcost may seem higher than comparable

Will the Google ChromebookRevolutionize the Industry?by Andy Nguyen, Xcentric

continued on page 15

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July 2011 Mississippi Society of Certified Public Accountants

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July 2011 Mississippi Society of Certified Public Accountants

BURFORD, BROKER - WHERE PRACTICESELLERS AND BUYERS MEET. Some of thepractices we now have available are listed below:– Natchez, MS. Tax practice. Annual gross$73,572.

– Jackson, MS area. Annual gross $183,000.– Jackson, MS area. Annual gross $266,000.– Slidell, LA. Tax and bookkeeping practice.Annual gross $102,000+.

– Monroe, LA. CPA tax and bookkeepingpractice. Annual gross $745,000.

To list your practice with us or to check out ourcurrent listings, call me, Jim Burford, CPA toll free(800) 340-7002 or visit our website atwww.accountingpracticesales.com or e-mail me atjimburford@frontier.com.

largest and most dynamic CPA firms in the world.Competitive compensation, excellent benefits andample opportunity for advancement are offered.Mail resumes in confidence to 188 E. CapitolStreet, Suite 1100, Jackson, MS 39201, e-mailmflynt@kpmg.com , or visit our website atwww.kpmg.com.

u u uJACKSON CPA FIRM of Breazeale, Saunders &O’Neil, Ltd. is seeking experienced audit and taxprofessionals, both full time and part time. Ourstaff enjoys state-of-the-art technology,intellectually challenging assignments andmeaningful opportunities to enhance professionaland personal skills. In addition to an excellentcompensation package, we offer a familyatmosphere with a strong emphasis on client-centered professionalism. Send resume inconfidence to P. O. Box 80, Jackson, MS 39205-0080. FAX 601-355-9003.

u u uCALCULATORS PLUS is now handling theMonroe Calculators and supplies Call ChesterWasser at 601-709-0371 or 888-264-3939 for moreinformation and special CPA pricing.

u u u16 Annual Governmental and Non-ProfitConference. September 28, 29 and 30, 2011 atthe Marriott Courtyard in Gulfport, MS.Reinventing Your Audit Practice, Sept. 28;Conducting Governmental Audits Under GAAS,GAGAS, and the Single Audit, Sept. 29; and 2011Governmental and Non-Profit Accounting &Auditing Update, Sept. 30. Seminars conducted bynationally recognized instructor, J. Michael Inzina.Attend any combination of days. Multi-dayseminar discounts apply. Call (251) 344-7178 fora brochure or more information.

u u uACCOUNTING PRACTICE SALES – JIM

CLASSIFIEDScontinued from page 16

GOOGLE CHROMEBOOKcontinued from page 12

netbooks or PCs on the market, it isconsiderably less expensive than anenterprise class thin-client device. Wewill be keeping a close eye on the futuredevelopments of this product and maypotentially see the ability for ubiquitousaccess of accounting applications for theindustry in the near future.

Andy Nguyen is a Client DevelopmentManager (CDM) at Xcentric, whichspecializes in Cloud Computing and ITconsulting for CPA firms. As CDM,Andy works strategically with firms tohelp position their technology for thefuture. Andy can be reached at678.297.0066 ext 523 or atinfo@xcentric.com. For more aboutXcentric, go to www.xcentric.com orfollow them at www.xcentric.com/blogand www.twitter.com/xcentric./

28th AnnualGovernmentalAccountingAnd AuditingConferenceThursday & Friday,August 18 & 19, 2011

This year’s conference at the HiltonJackson welcomes Leita Hart-Fanta,Frank Crawford, Robert “Smitty” Smith,Donna Ingram, Dr. Jim Crockett andState Auditor Stacey Pickering, alongwith members of the Office of the StateAuditor. Planned topics include a SingleAudit Update, Unique Audit Risks,GASB Update, GASB 54, YellowBookUpdate, Risk Assessment, Elements of aFinding, Performance Measurements,Scandals in Governmental Entities, Fraudand Internal Controls, and variousupdates from the Office of the StateAuditor. Watch our web site for furtherdetails. MSCPA Members and non-certified staff may register at $245 each.CPAs who are not a member of theMSCPA can register at $345. Thisconference is recommended for 16 hoursof CPE.

Please register by completing theregistration form for this conferenceincluding your choices for breakoutsessions.

The CPE registration form isavailable at www.ms-cpa.org

PRSRT STDU.S. POSTAGE

PAIDJACKSON, MSPERMIT #814

Mississippi Society ofCertified Public Accountants

and its Education Foundation306 Southampton RowRidgeland, MS 39157

CLASSIFIEDSdiem tax professionals to work during tax season.The firm offers excellent benefits, a competitivesalary with opportunity for advancement alongwith an atmosphere that encourages a strongwork/life balance. Send resumes to 599C SteedRd, Ridgeland, MS 39157 or emailrcutrer@mclcpa.net.

u u uBKD, LLP, the tenth largest accounting andadvisory firm in the U.S., is seeking experiencedaudit professionals with 2 or more years experiencefor its Mississippi practice. Experience inhealthcare, financial services, and/ormanufacturing & distribution/commercial isfavored though not necessarily required. CPA orCPA eligibility is required. Resumes may be sentto 190 East Capitol Street, Suite 500, Jackson, MS39201, or emailed to mcarraway@bkd.com.Please visit www.bkd.com for more information.

u u uAre you looking for a successor to yourtax/accounting practice? Solo CPA in Jacksonmetro area is interested in expanding practice. Ifyou are looking to retire now or in the near future,please contact me at brandonmscpa@gmail.com.

u u uCome join theWolfe, McDuff, & Oppie team –the firm of choice on the Mississippi Gulf Coast.We have openings at all levels, each withopportunities for advancement. We are looking forambitious, energetic and self-starting individualswho seek a career in public accounting. You mustbe comfortable working in a laid-back, flexibleenvironment. We offer competitive salaries, bonusopportunities, great benefits and excellent growthopportunities. Send your resume torecruiting@wmocpas.com or fax to 228-762-4498.

u u uReservoir area CPA firm of Fortenberry &Ballard, PC, is seeking candidates to fill positionsin audit, tax , and financial services. We offer acompetitive salary and benefits package, includingbonus opportunities, as well as opportunity foradvancement. Please send your resume inconfidence to 1929 Spillway Road, Brandon, MS39047 or e-mail to pat@fortcpa.com.

u u uWm. F. Horne & Co., PLLC seeks experiencedtax and assurance professionals for the Hattiesburg

Carr, Riggs & Ingram, LLC is seeking a taxmanager with a minimum of five (5) years ofexperience. CPA is required. CRI tax managersreview complex individual, partnership, corporate,trust and exempt organization tax returns inaddition to performing tax planning and research.Management and supervisory skills are integral tothis position including directing work flow, clientinteraction, training and mentoring staff.Compensation and benefits are competitive andbased on years of experience and areas ofexpertise. Carr Riggs & Ingram, L.L.C. offers anexcellent benefit package including 401k, healthinsurance, professional work environment andcompetitive salary. Resumes may be sent to P.O.Box 2418, Ridgeland, MS 39158 or fax to (601)853-9331. Visit our website at www.cricpa.comfor additional information.

u u uTROY UNIVERSITY: Earn Your Master ofTaxation Degree or Certificate of Taxation Online.Troy University, a regionally accredited institution,offers the Master of Taxation and Certificate ofTaxation programs online beginning in August2011. Tax professionals are in demand because ofthe rapidly changing tax law. Learn specialized taxknowledge and improve your tax research skills.You may complete all the required courses fromthe comfort of your home or office. Positionyourself for career advancement with a Master ofTaxation degree or Certificate of Taxation fromTroy University. For more information on theseprograms, go to troy.edu.

u u uThe headquarters of a multi-state company islooking for a controller of accounting operations.The candidate should have extensive experience inGAAP, AR, AP, GL, Federal, State and Localtaxation, ability to work with outside CPA’s andprepare records for annual audit. Please sendresume’ to: Controller P.O. Box 235 Jackson, MS39205-0235.

u u uCome join the team at Matthews, Cutrer &Lindsay, PA, recent recipient of the MississippiBusiness Journal’s 100 Best Private Companies inMississippi award. Currently the firm is seekingan experienced full-time tax professional and per

and Laurel, Mississippi area. Excellent benefitsand competitive salary with opportunity foradvancement. To apply, email resume toinfo@wfhorne-co.com or fax to 601-649-5233.

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Local Jackson CPA wants to purchase smallaccounting/tax practice. Contact me atcpa1900@yahoo.com.

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Fred T. Neely & Co, CPAs is seeking a seniorlevel audit and tax professional. Competitivesalary, excellent opportunity foradvancement, great benefits package and notravel. Please send resume to P O Box 894,Greenwood, Ms 38935-0894

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The firm of GranthamPoole CPAs, past recipientof the Mississippi Business Journal’s prestigiousBest Places toWork in Mississippi award, islooking for great staff additions. If you love taxpreparation and planning and enjoy takingexcellent care of clients, we may have a home foryou. Full time, seasonal, and part-time staffmembers are all valued at GranthamPoole.Competitive salary, partner track, great benefits,and excellent opportunity for advancement allmake GranthamPoole an outstanding place towork! Send resumes to 1062 Highland ColonyParkway, Suite 201, Ridgeland, MS 39157, fax to601-499-2401 or emaildgray@granthampoole.com.

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HADDOX REID BURKES & CALHOUNPLLC seeks experienced audit and taxprofessionals interested in a rewarding career withone of the most established and respected CPAfirms in the Jackson area. Excellent benefitpackage, competitive salary, and opportunity foradvancement. Flexible work schedule is an option.Contact Debbie Holbrook(dholbrook@hrbccpa.com) or mail resume inconfidence to P.O. Drawer 22507, Jackson, MS39225-2507. For more information, visit ourwebsite at www.hrbccpa.com.

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KPMG LLP seeks experienced audit professionalsinterested in a rewarding career with one of the

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