May / June 2010
COVER STORY
Pulse of the Profession
By Derrick Lilly
The present, future and global outlook for today’s CPAs.
COLUMNS
Chair’s Message
From 2010-2011 ICPAS chair, Sara Mikuta, CPA.
Technology | Smart Phone IQ
By Daniel Dern
Are smart phones smart enough for CPAs?
Fraud | Red Flag Warning
By Carolyn Tang
How will the FTC’s Red Flags Rules impact you?
Banking | Which Business Bank?
By Selena Chavis
The experts weigh in on making the best choice for your business.
Risk | Defense Plan
By Sheryl Nance-Nash
Do you need professional liability insurance?
Green Business | Green This
By Kristine Blenkhorn Rodriguez
Good for the environment, good for business.
Education | MBA ROI
By Christine Bockelman
Do CPAs in public accounting need an MBA?
REGULARS
First Word
A message from the Illinois CPA Society’s President & CEO.
Seen & Heard
News bytes, sound advice and practical business tips.
Tax Insight | Right on Schedule
By Harvey Coustan, CPA
Changes to business income tax return reporting could mean a roadmap for IRS audit examinations.
Retirement Insight | Off the Clock
By Mark J. Gilbert, CPA/PFS
When’s the right time to retire?
Time & Talent
A shout out for ICPAS member volunteers.