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The article focuses on the tax preparation industry in the U.S., highlighting the importance of regulation of third party tax return preparers in light of noncompliance issues and errors identified by concerned government agencies.

In the popular movie The Verdict, a critical plot point is the question of a Hospital's due diligence and negligence. A patient at the hospital was in a vegetative state, and the family was suing the hospital over whether its behavior and the circumstances surrounding the administration of anesthesia were appropriate. There is further controversy over the documentation as to whether the admitting nurse "did the right thing" in checking into whether the patient had eaten anything outside the appropriate time frame for safely administering anesthesia. Did the hospital do the right thing? What would a normal and prudent medical staff do under the circumstances? What was the role of documentation in the determination of the hospital's liability? [ABSTRACT FROM AUTHOR]

Reports on a ruling by a district court on the case `Adlman' which upheld the Internal Revenue Service's (IRS) attempt to obtain a memorandum prepared by an accounting firm and sent to a corporate vice president for taxes who was an attorney. IRS's call for the accounting firm's analysis of a proposed corporate restructuring; Ruling on the attorney-client privilege.

Reports on the amortization of computer software costs for tax purposes. Revenue Proclamation 69-21; Useful life of computer software; Revenue Reconciliation Act, 1993; Tax accounting rule.