California CPA articles from June 2003

California CPA archives from June 2003

What SOX means to CFOs.(Sarbanes-Oxley )(chief financial officer)(Brief Article)
June 1, 2003... As Sarbanes-Oxley begins to make itself felt, corporate finance professionals are wary of their company's readiness--and of the acts effectiveness. A survey of 100 U.S. senior finance professionals found that: 29% said their companies are...

No dues for military personnel. (CalCPA News).(California Certified Public Accountants)(Brief Article)
June 1, 2003... For those CalCPA members who have been called to active military duty, you don't need to worry about your CalCPA memberships dues. CalCPA is waiving your dues for 2003-04. CalCPA also would like to thank you. Your service to this...

Time to renew. (CalCPA News).(Brief Article)
June 1, 2003... Now is the time to renew your CalCPA membership and take advantage of the many resources and benefits it offers. CalCPA continually assists thousands of members in solving problems, securing resources and staying up-to-date on an array of...

Education Foundation names slate of candidates. (CalCPA News).(CalPA Education Foundation Nominations and Leadership Committee)(candidates for 2003-04 board of trustees)(Brief Article)
June 1, 2003... The CalPA Education Foundation Nominations and Leadership Committee has named a slate of candidates for its 2003-04 board of trustees. Foundation officers to serve a one-year term, beginning with election at the Foundation 2003 Annual...

CALCPA members rock the vote. (AICPA News).(American Institute of Certified Public Accountants)(Brief Article)
June 1, 2003... The AICPA Nominations Committee has nominated CalCPA member Erby Foster as an AIOPA Council member-at large for a three-year term ending in 2006. The committee also nominated CalCPA members John Dodsworth, Kate Leonard, Bryan Polster and...

New letter on SSARS No. 9. (AICPA News).(updates illustrative representation letter)
June 1, 2003... Responding to the recently issued SSARS No. 9, the AICPA Accounting and Review Services Committee has updated its illustrative representation letter. SSARS No. 9 states that an accountant performing a review engagement must obtain a...

Tales of the reconstruction. (AICPA News).(American Institute of Certified Public Accountants to help those suffering financial loss after disasters)(Brief Article)
June 1, 2003... A new guide aimed at helping those affected by natural and manmade disasters recover from financial loss has been released by the AICPA. The free guide, Disaster Recovery: A Guide to to Financial Issues, was assembled by the AIOPA's PFP...

Holder voted top educator. (AICPA News).(American Institute of Certified Public Accountants )(Bill Holder, 2003 recipient of Distinguished Achievement in Accounting Education Award)(Brief Article)
June 1, 2003... CaICPA member Bill Holder was chosen by the AICPA as the 2003 recipient of its Distinguished Achievement in Accounting Education Award. Holder, currently the Ernst & Young professor at USC's Leventhal School of Accounting, joined USC in...

Credentials given new life? (AICPA News).(American Institute of Certified Public Accountants)(Brief Article)
June 1, 2003... Reports of the demise of certain specialty credentials may have been premature. On April 29, the AICPA Council passed a resolution to explore strategies to bolster the PFS, CITP and ABV credentials, including striking some relationships...

47 vote margin of victory. (News & Trends).(California Society of Certified Public Accountants bylaw amendment)(Brief Article)
June 1, 2003... BY LAW CHANGE OK'D A bylaw amendment to change the way CaICPA recommends members to AICPA Council Has passed by a narrow vote of 269 to 222. Polls opened March 1 and closed May 1 at m. The new amendment--Article XIV: Appointment and...

Easy come, easy go. (News & Trends).(plans to spend US tax refunds)(Brief Article)
June 1, 2003... Easy come, easy go 59 percent of Americans expecting tax refunds this year plan to spend the money on everyday purchases or to pay bills. Debt Relief Clearinghouse

Web focus. (CalCPA Online).(electronic publishing of Candidate Connection, on quarterly basis)(Brief Article)
June 1, 2003... Candidate Connection goes quarterly, electronic Candidate Connection has gone electronic and will increase its frequency to become a quarterly e-newsletter. Candidate Connection still will deliver the best news and information to our...

Web footing. (IRS News).(use of tax information web sites)(Internal Revenue Service )(Brief Article)
June 1, 2003... More people logged onto tax information websites--the IRS site in particular--this tax season than ever before. More than 22 million taxpayers--about 17 percent of the active online community--turned to web-sites to download forms, gather...

McDonough, Carmichael tapped. (PCAOB News).(Public Company Accounting Oversight Board)(William J. McDonough, chair and Douglas Carmichael. chief auditor)(Brief Article)
June 1, 2003... The Public Company Accounting Oversight Board is taking shape. The SEC unanimously selected William J. McDonough as chair of the five-member PCAOB. McDonough had been the president of the Federal Reserve Bank since 1993, after serving 22...

We must stop meeting like this. (Survey Says).(survey indicates meetings cause wasted time for office workers)(Brief Article)
June 1, 2003... When it comes to wasting time on the job, socializing and disorganized work areas take a surprising back seat. According to a nationwide survey, 27 percent of 613 office workers polled believe that meetings are the No.1 factor in hours...

No more crystal balls as firms turn from profit projections. (Survey Says).(Brief Article)
June 1, 2003... More companies are turning away from the practice of offering profit projections. According to a recent survey of 600 investor relations executives, 28 percent say their employers are considering dumping the practice. Respondents of...

Valuable tax law resources in your own back yard. (Resources).(county law libraries provide information and services for accoutants' tax practice)(Brief Article)
June 1, 2003... Involved in tax practice? There's a valuable, but often overlooked, resource right in your own back yard--county law libraries. A quick glance through the shelves in the libraries reveals many CEB, BNA and CCH publications--including...

Show me the money. (News & Trends).(Brief Article)
June 1, 2003... Show me the money More than 60 percent of the money paid to auditors by companies last year was for nonaudit services. The Wall Street Journal

Distinguished Service Award winner: James Kuhn. (Awesome!).(advocate of continuing education for certified public accountants)
June 1, 2003... Making sure that CPAs keep current with new ideas is one reason James Kuhn is receiving this year's Distinguished Service Award. Kuhn, who will be honored at the July Council meeting, was instrumental in ensuring that CPAs must accumulate CPE...

CPA PrimePlus Marketing ToolKit. (Eldercare/PrimePlus).(Brief Article)
June 1, 2003... The AICPA recently rebranded its CPA ElderCare Service as CPA PrimePlus Service. The CPA PrimePlus Service is a broader-based brand, used to market a wider range of financial and lifestyle management services to mature adults. The...

Correction.(Correction Notice)
June 1, 2003... In the May 2003 issue of California CPA, there was a mistake on page 21 of the Chapter Representatives to Council list. Terrence J. Seiberlich was incorrectly listed as one of the East Bay Chapter representatives. The listing should have...

Running scared? (New & Trends).(Brief Article)
June 1, 2003... More than 25 percent of Americans believe they could receive a pink slip in the coming year. Right Management Consultants

Hein and Associates LLP. (Firm News).(firm ranked no. 3 in Western region on Bowman's "Best of the Best")(Brief Article)
June 1, 2003... Hein and Associates LLP has been named to Bowman's "Best of the Best" list for 2002. The firm was ranked No. 3 in the Western Region among the 100 largest firms in the nation.

Miller and Co.LLP. (Announcements).(Marie L. Logan, named partner of Santa Monica firm)(Brief Article)
June 1, 2003... Marie L. Logan has been named a partner of Santa Monica-based Miller and Co.LLP

Manteca Hall of Fame. (Achievements).(Jack Gatto)(Brief Article)
June 1, 2003... Jack Gatto, CPA, was recently voted into the Manteca Hall of Fame. Gatto, a Manteca native and owner of Jack E. Gatto and Associates, has donated his weekends for the last 30 years to be a football referee for NCAA Divisions I and II. He now...

CPA Financial Service Advisor. (Members in the News).
June 1, 2003... Miguel Palma of San Jose was quoted in a March issue of CPA Financial Services Advisor.

Morgan Hill Times. (Members in the News).
June 1, 2003... A column written by Paul Alpert appeared in the March 4 Morgan Hill Times.

Hollister Free Lance. (Members in the News).
June 1, 2003... A column written by Bob Bianchi of Hollister appeared in the March 4 Hollister Free Lance.

San Diego Union-Tribune. (Members in the News).(Brief Article)
June 1, 2003... Sunnyvale-based Sharon Kreider was quoted in the March 9 San Diego Union-Tribune.

Los Angeles Times Inland Empire edition. (Members in the News).(quotes accountant James Schaefer)(Brief Article)
June 1, 2003... James Schaefer was quoted in the March 12 Los Angeles Times Inland Empire edition.

Inland Valley Daily Bulletin. (Members in the News).(quotes accountant David Gray)(Brief Article)
June 1, 2003... David Gray was quoted in the March 14 Inland Valley Daily Bulletin.

Accounting Today article. (Members in the News).(Stanley Breitbard )(Brief Article)
June 1, 2003... Stanley Breitbard was quoted in a March 17 Accounting Today article.

Electronic Accountant. (Members in the News).(quotes accountant Mitch Freedman)(Brief Article)
June 1, 2003... Mitch Freedman of Sherman Oaks and Andrew Blackman were quoted in the March 18 Electronic Accountant.

Los Altos Town Crier. (Members in the News).(Brief Article)
June 1, 2003... Los Altos-based Richard Yamaguma was quoted in the March 19 Los Altos Town Crier.

New York Times. (Members in the News).(Brief Article)
June 1, 2003... Joyce Franklin of Larkspur was quoted in the March 23 edition of the New York Times.

SmartPros.com. (Members in the News).(Brief Article)
June 1, 2003... Corte Maderabased Ron Baker was featured in SmartPros.com on March 27.

Forbes.com. (Members in the News).(quotes accountant Dominic Ng)
June 1, 2003... Dominic Ng of San Marino was quoted on Forbes.com, March 31.

Journal of Accountancy. (Members in the News).(Brief Article)
June 1, 2003... Mitch Freedman was quoted in the April issue of the Journal of Accountancy.

Los Angeles Times. (Members in the News).(Brief Article)
June 1, 2003... Los Angeles-based Joel Framson was quoted in the April 7 edition of the Los Angeles Times.

Oakland Tribune. (Members in the News).(Brief Article)
June 1, 2003... Diane Mallory Perry was featured in the April 9 Oakland Tribune.

Orange County Business Journal. (Members in the News).(Brief Article)
June 1, 2003... Donald Murray and Karen Ferguson were quoted in the April 10 Orange County Business Journal.

San Jose Mercury News. (Members in the News).(Brief Article)
June 1, 2003... Dan Morris of San Jose and Leonard Williams of Sunnyvale were quoted in the April 12 San Jose Mercury News.

BankRate.com. (Members in the News).(Brief Article)
June 1, 2003... Steve Kramer of San Diego was quoted in an April 14 article in BankRate.com.

San Diego Business Journal. (Members in the News).(Brief Article)
June 1, 2003... John Kennerson and Steve Wimmers were quoted in the April 14 San Diego Business Journal

Contra Costa Times. (Members in the News).(Brief Article)
June 1, 2003... Dave Hewitt was mentioned in the April 15 Contra Costa Times

Bergen County (N.J.) Record. (Members in the News).(Brief Article)
June 1, 2003... Gregg Wind was quoted in the April 17 Bergen County (N.J.) Record.

Orange County Daily Pilot. (Members in the News).(Brief Article)
June 1, 2003... Chris Wynkoop was featured in the April 18 Orange County Daily Pilot.

Financial Q&A in the Christian Science Monitor. (Members in the News).(Brief Article)
June 1, 2003... Harlan Levinson of West Hollywood and Peter Lucier of Temecula were quoted in the April 21 Financial Q&A in the Christian Science Monitor.

Orange County Register. (Members in the News).(Brief Article)
June 1, 2003... Danielle Hewitt and Ardavan Keyhan were mentioned in the April 22 Orange County Register.

Listen up! International standards take on new importance. (Q&A).
June 1, 2003... * Q&A with IASB member Mary Barth Two years ago, the International Accounting Standards Board was a mere benchwarmer in the standards-setting game. It was a group with a goal that in the eyes of many was little more than altruistic--to...

Building the future from the inside out. (Succession Planning).(evaluate needs and direct employee development)
June 1, 2003... Succession planning goes beyond legal structures, practice valuation and the tax code. Succession planning, whether it is for your firm or your client's business, revolves around people--their talents and business maturity--as much as it...

New world order: as the PCAOB takes shape, the AICPA's role is blurred.(Public Company Accounting Oversight Board's responsibility for standards)(American Institute of Certified Public Accountants)
June 1, 2003... The early Greek philosopher Heraclitus said it best: "The only constant is change." And probably no organization knows that more than the ATOPA. As the Sarbanes-Oxley Act alters the landscape of the accounting profession, the national...

Terminating toxic customers: enhancing firm profits through customer cultivation.
June 1, 2003... You know it when you feel it. The customer on the other end of the phone is simply toxic. Nothing is right with the relationship. Not their projects. Not their respect for your services. Not their attitude toward your team members. Not your...

Who's watching you how? Effective oversight by an audit committee can help nonprofits remain effective in addressing social issues.
June 1, 2003... The public has become increasingly focused on business oversight and corporate governance issues since Enron's collapse. However, these issues are not confined to the for-profit domain. In recent years, a number of nonprofit...

Appraising the price of leadership. (Business Valuation).
June 1, 2003... Valuation experts use various methods to determine the value of a business, which is inherently dependent upon its income. Some of these methods involve examining earnings that will be available to a hypothetical buyer after he or she receives...

And now you know: CBA finalizes reporting, documentation and notification regs. (Government Relations).(California Board of Accountancy)
June 1, 2003... After months of deliberation, the California Board of Accountancy as agreed on new regulations that implement the accountancy legislation passed in California last year. Amended regulations will be re-noticed for a 15-day comment period before...

New kid on the title block. (Estate Planning).
June 1, 2003... A new title option for married couples, known as community property with right of survivorship (CPWROS), is intended as a "best of both worlds" hybrid between community property titling (CP) and joint tenancy with right of survivorship...

New developments: short-period losses, tax accrual workpapers and more. (Federal Tax).
June 1, 2003... Rev. Proc. 2003-34, IRB 2003-18, May 5, 2003, provides new liberalized carryback rules for short-period losses. Background: Rev. Proc. 2002-37 provides the exclusive procedures for certain corporations to obtain automatic approval to change...