Standard features: Two-tiebar clamp, variable-volume pump, Unilog control with graphical interface, integrated control cabinet for space savings.
Standard features: Five-point toggle, swiveling barrel, Unilog B2 or B4 control.
This difference in approaches arguably stems from the fact that under the Skidmore deference standard, the courts can be persuaded by revenue rulings, but will not automatically defer to them (as the Second Circuit did in Salomon).
In categorizing the deference or weight afforded revenue rulings, Salomon's "reasonable and consistent" standard would place great weight on revenue rulings, and the Tax Court's standard would place very little weight on them.
Acceptance and Continuance of Clients and Engagements -- The standard recommends having policies and procedures for deciding whether or not to accept or continue with a client relationship, or to perform a specific engagement.
Performance of Professional Services -- The standard recommends that the firm or employer adopt policies and procedures that provide reasonable assurance that the tax services performed meet applicable professional standards.
Because standard data formats would be available, developers would better understand the needs of tax data interchange and potentially be able to capture information that must be captured manually at the present time.
In addition, software developers are hesitate to be the first to incorporate standards into their product for fear that users will take the standard data from their systems and "churn" their systems, moving to other applications.
John Fogarty: The ASB is responsible for developing and communicating comprehensive performance, reporting and quality control standards and practice guidance that enable auditors of nonissuers to provide high-quality, objective audit and attestation services at a reasonable cost.
The board will continue its leadership role in the development of auditing guidance, such as its risk assessment standards, while working more closely than ever with regulators and external stakeholders.
Kristol and company look back at these accomplishments in a 10th-anniversary anthology, The Weekly Standard
: A Reader, 1995-2005.
There appeared to be enough adverse publicity, however, to cause the Iowa Insurance Division in March to ask IMSA to work with its Iowa domestic insurance companies to explore developing standards
for sales and marketing practices of indexed products.