Non-farm private employment declined by 79,000 jobs in June, according to figures released by payroll giant ADP.

The seven deadly sins of career management were delineated by Kathleen Grace, founder of Grace Consulting Services, a professional services firm specializing in executive assessment, executive coaching and strategic succession planning, at the recent Forum for Women in Accounting, presented by The Advisory Board and Crosley + Company.

Deloitte plans to invest approximately $300 million to create a learning and leadership development center in Westlake, Texas.

The American Institute of CPAs plans to offer training in International Financial Reporting Standards and the Extensible Business Reporting Language.

Intuit plans to eliminate about 7 percent of its workforce as it realigns its organizational structure to pursue a "connected services" strategy.

The American Institute of CPAs has awarded research grants to accounting and management professors from the University of California, Rice University and the University of Melbourne, Australia.

Propelled by double-digit revenue gains in its service and human resources units and an 8 percent spike in its core payroll division, Paychex posted a 12 percent rise in profits for fiscal 2008, to $576 million, for the period ended May 31.

Bob Graham paid a visit to the American Institute of CPAs' Spring Council Meeting last month to learn more about what the profession was doing, especially in the way of education for the newly approved forensic accounting credential as well as international accounting. A former U.S. senator, Florida governor, and presidential candidate, he recently opened the Bob Graham Center for Public Service at the University of Florida. Sen. Graham spoke to WebCPA about his views on education in the accounting profession.

The American Institute of CPAs has formed an online Succession Planning Resource Center to help small and midsized firms deal with questions of how their firm should be managed in the future.

"Not everybody has to like me." This statement is a solution to the first of seven deadly sins of career management, as explained during a keynote at the Forum for Women in Accounting, a three-day confab that has attracted approximately 250 participants.

The labor union Unite Here has started a Web site to provide information about the progress of a class-action lawsuit against PricewaterhouseCoopers over the firm's overtime policies.

All eyes are on the Securities and Exchange Commission as it prepares to issue a detailed roadmap this summer for the transition to International Financial Reporting Standards, but some representatives gave hints about what might be in that roadmap at a conference held by the Financial Accounting Standards Board in New York.

After floating the proposal roughly one year ago, the American Institute of CPAs has approved the creation of the Certified in Financial Forensics credential, a new designation that will include expertise in a range of areas such as bankruptcy and insolvency, computer forensics, economic damages, family law, fraud investigations and litigation support.Approval for the credential — which will be the fourth offered by the institute, joining the Personal Financial Specialist, the Accredited in Business Valuation and the Certified Information Technology Professional — was approved at the annual meeting of Spring Council here.

It’s a good news/bad news/good news story.Demand for the services that CPA firms provide is widely expected to remain strong into the foreseeable future.

With all the recent brouhaha over the subprime controversy and claims that mark-to-market accounting contributed to or even caused problems for investors in collateralized debt obligations, lots of people have been commenting on the relative usefulness of original cost and estimated market/fair value.One of the recurring themes raised by the chorus of critics (who shall remain nameless) is that original cost is preferable because it’s more reliable than estimated value.

The Virginia Society of CPAs Educational Foundation has established a scholarship fund to honor the victims of last year's Virginia Tech shooting.

The American Institute of CPAs has chosen Paychex as its preferred provider for administering 401(k) plans for members who participate in the AICPA's firm retirement program.

Universal Business Computing Co. has upgraded its client write-up and payroll service bureau software.

Payroll-processing service Paychex has added an auto-enrollment feature that allows employers to automatically sign up employees to participate in a 401(k) plan.

The AICPA Private Companies Practice Section (PCPS) did a remarkable job with its 2007 Top MAP Issues survey, and it was done without even changing the question that is asked each year or who was asked. It was done simply by taking a knife and cutting up the answers. The annual survey asks various practitioners in public practice: What are your top five MAP concerns?