The Statement: October 2002

Living trusts: Myth vs. reality: Seminars and articles about revocable living trusts have become prevalent in recent years. Many people, however, do not need living trusts.
Student recruitment: Is the profession ready for a comeback?: For an entire decade, the number of new recruits to the profession steadily dwindled, not just in Maryland but nationwide.
The computerized CPA exam: What you should know: The AICPA modifies the Uniform CPA examination to match what is tested to what is expected of entry-level professionals.
Patience, hard work pay off for new CPA Frock, 53: Deborah Frock waited longer than most CPAs to earn her license. About 30 years longer.
MACPA task force publishes recommendations for restoring faith in profession: After a summer of intensive study, an MACPA task force in 2002 unveiled a "white paper" of recommendations for restoring faith in the CPA profession.
Fraud and the accountant: Why be afraid of an opportunity? (Part 2 of 2): Auditors have yet to develop an attitude of expectations of fraud. We must accept responsibility for material undetected fraud if we do not communicate to our clients that it is their responsibility to prevent and detect material fraud.
Manufacturing tax incentives in Maryland: Like many states, Maryland uses tax incentives to encourage businesses that perform manufacturing and production activities to locate in the state.