Catalyst (Dublin, Ohio) articles from May 2004

Catalyst (Dublin, Ohio) archives from May 2004

This is your Society.(A message FROM THE CHAIR)
May 1, 2004... This is a time of transition. The way we practice accounting is changing, and the type of services public accountants can provide to their clients--public and private--are changing. Winter has passed as spring arrives. Tax season has ended and...

Legislation to stop outsourcing receives bipartisan and labor support.(Ohio)
May 1, 2004... Vendors who fail to certify that their work will be performed in the United States will not get state or local government contracts under legislation introduced by State Rep. James Trakas (R-Independence). The bill would also prohibit state...

Ohio's extended budget forecast looks gloomy.(Ohio)
May 1, 2004... Annual budget deficits of $500 million to $3.5 billion are facing Ohio over the next several fiscal years, according to some analysts. Actions by the Taft administration seem to support the projections. State agencies are being forced to find...

Ohio still waiting for employment boost.(Ohio)
May 1, 2004... The U.S. Department of Labor announced the creation of 308,000 new jobs in March, and the employment numbers for Ohio are getting marginally better. A closer look into the February figures of the Bureau of Labor Statistics--the most recent...

FASB, Congress battle over stock options accounting.(National)
May 1, 2004... The Financial Accounting Standards Board (FASB) has issued a proposed rule to require employers to expense employee stock options. Some in Congress oppose the move and have introduced legislation to delay implementation of the rule and limit...

GAO clarifies new CPE requirements under Yellow Book.(National)
May 1, 2004... The General Accounting Office (GAO) has again revised CPE requirements for Government Auditing Standards, also known as the Yellow Book. The primary change is that tax courses are no longer guaranteed to qualify for the 80-hours of CPE...

SEC publishes notice of PCAOB standard on wording in audit reports.(National)
May 1, 2004... A reference to generally accepted auditing standards (GAAS) in auditors' reports would no longer be appropriate or necessary if the proposed Public Company Accounting Oversight Board (PCAOB) Auditing Standard No. 1 is adopted. The new standard...

AICPA urges IRS to rework its "education letters".(National)
May 1, 2004... The AICPA is urging the IRS to clarify the purpose of the "educational letters" they recently sent to charitable organizations. The AICPA is concerned that the letters are confusing and creating anxiety among their receipts. The IRS...

Summing up: the supply and demand of accounting graduates.(Newsflash)
May 1, 2004... The 2003 edition of The Supply of Accounting Graduates and the Demand for Public Accounting Recruits offers a glimpse into the future demographic trends of the CPA profession. The American Institute of CPAs (AICPA) sanctioned report is a mix of...

Our Society: the results of every member working together.(Cover Story)
May 1, 2004... One stick by itself can easily be broken. A bundle of 10 sticks is a little harder to break. Put 23,450 sticks together, and the task is almost impossible. [ILLUSTRATION OMITTED] [ILLUSTRATION OMITTED] Such is the strength of...

Roundtable discussion: Ohio's leaders share their views on the future of the CPA profession.
May 1, 2004... What are the greatest challenges currently facing the profession? What do you see as future obstacles? Are there new opportunities on the horizon? What do you see as the future of the audit? These are questions asked around the profession every...

The Ohio Society Town Hall series 2004.
May 1, 2004... Located in five cities across the state, the 2004 Town Hall Meetings will offer members a chance to share their opinions and concerns about current topics and issues facing the profession. Join local leaders as they bring you up-to-date...

Building on trust: taking member service to the next level.
May 1, 2004... Is your firm on the leading edge of technology? Are your systems as up-to-date as possible, allowing you to respond to your clients' needs and inquiries in real-time? If not, then you may be doing your clients and employees a disservice. The...

Why your tax practice must have control systems.
May 1, 2004... Secure control systems are required for the successful administration of today's tax practice. Your tax practice has the same need for basic checks and balances to prevent employee and partner misconduct that CPAs advocate for their business...

Maintaining the corporate ladder: how to keep quality employees in your organization.
May 1, 2004... Only proactive organizations with sound human resource (HR) practices will recruit and retain the best employees in today's competitive job market. However, a national survey suggests some in the accounting profession are lagging behind...

The challenge of Management Discussion & Analysis.
May 1, 2004... "No surprises" may be today's mantra for financial reporting, especially in the public company environment. Following a period of high-profile bankruptcies and financial restatements, increased attention to, and scrutiny of the most subjective...

Self-assessment exam.
May 1, 2004... Catalyst -- May/June 2004 The self-assessment exam is provided as a convenient method for CPAs to earn CPE credit by reading Catalyst: The Leading Edge of Ohio Business. The exam consists of 25 multiple-choice questions covering...

Mentoring: a cost-effective retention tool.(HR Spotlight)
May 1, 2004... If it's true that you "win with people," there may be nothing more cost-effective in attracting and retaining top talent than mentoring. A recent report in Business Finance suggests that 77 percent of companies that sponsor or support...

Profile: new Ohio Tax Commissioner William Wilkins.(Capitol Access)
May 1, 2004... There's a new man in town--tax man that is. After last year's departure of former Tax Commissioner Tom Zaino, Gov. Taft appointed William W. Wilkins to the helm of the Ohio Department of Taxation (ODT). His tenure began on Jan. 12, 2004. ...

The ins and outs of the streamlined sales tax.(Capitol Access)
May 1, 2004... Let's say, for the moment, you're a CPA in charge of a small furniture company based in Holmes County Ohio. The business benefits, as does Holmes County, when tax time comes around. Even though a large portion of product is leaving the county,...

CPA for president? How elected CPAs are making a difference.(Capitol Access)
May 1, 2004... In a presidential election year, like most citizens, CPAs likely pay a bit more attention to the political process. But actually running for office--that may be a stretch. On the other hand, by virtue of their extensive training and unique and...

Managing the weight of change.(Business Bytes)
May 1, 2004... Organizational change can seem just as cumbersome as a pocket full of pennies. Couple that with the constant drive to "look to the future," "think differently," "be proactive," or simply "change, change, change" and it's enough to make anyone...

Answers to your technology questions.(ASK IT)
May 1, 2004... You've got questions, we've got answers. This new Catalyst column--Ask IT--is an opportunity for our members to get answers for their technology questions. Questions will be answered anonymously by the information technology (IT) staff at The...

What's new for you?(Member Initiatives)
May 1, 2004... Now serving over 11,500 Ohio Society members, the member initiatives program continues to be one of the Society's top priorities. Since its introduction one year ago, nine chapters have opted to transition into the member initiatives program....

The classroom meets the real world: Winter 2004 Ohio Society High School Educators Symposiums.(Members Only)
May 1, 2004... The Ohio Society of CPAs continued its successful series of High School Educator Symposiums in February reaching teachers in Cambridge, Ashland and Cincinnati. Nearly 60 educators participated in the day-long events which provided them with...

Ohio Society of CPAs partners with OANO to give non-profit "scorecard".(Members Only)
May 1, 2004... Ohio non-profit organizations looking for ways to navigate governance and accountability issues post-Sarbanes-Oxley recently got a boost from The Ohio Society. Society member Donna Sciarappa, CPA and member of Hausser + Taylor LLC's...

Take another look at On-Site Professional Development.(Members Only)
May 1, 2004... You can get engaging CPE courses at your convenience and at a great price. For over a year now, The Ohio Society has offered members the award-winning On-Site Professional Development program. The program brings top-notch instructors directly...

Disciplinary actions by the Ohio Society of CPAs.(Members Only)
May 1, 2004... As a result of acceptance of a guilty plea to the Joint Trial Board, in lieu of a hearing, the following members have been expelled from membership in The Ohio Society of CPAs: * Willis H. Geyer, CPA (inactive) of Fairborn, Ohio, effective...

Corporate issues covered at society conference.(Members Only)
May 1, 2004... The annual Ohio CPAs in Industry Conference attracted over 200 CPAs who work in the corporate environment. Held March 15 in Columbus, the conference focused on current trends affecting the corporate CPA. "This was my first industry...

Congratulations! The Ohio Society of CPAs would like to congratulate those individuals who passed the November 2003 CPA exam.(Members Only)
May 1, 2004... Paul Abely Emmanuel Agbakpe Timothy Allen Brian Aquino Jill Arlinghaus Timothy Armstrong Jennifer Bagwell Stacey Barhorst Jacqueline Becker Eric Beining Carie Benedict Robert Benson ...

PCAOB chair featured at 2004 Members Summit & Annual Meeting.(Members Only)
May 1, 2004... William McDonough, chair of the Public Company Accounting Oversight Board (PCAOB), is the featured speaker at this year's Members Summit on June 15, 2004, at the Columbus Convention Center. Also featured on the Members Summit program is...

ATS Ohio Inc.(Columbus)
May 1, 2004... Brian Bleichrodt, CPA (inactive), has joined ATS Ohio Inc. as controller.

Crowe Chizek and Company LLC.(Columbus)
May 1, 2004... Crowe Chizek and Company LLC has appointed Alan Fehlner, CPA (inactive), risk management/internal audit manager.

Plante & Moran, PLLC.(Columbus)
May 1, 2004... Plante & Moran, PLLC announces the following additions: Catherine R. Henretta, CPA, as tax associate, William D. Sharp, CPA, and Jesse D. Rowe, CPA as associates. [ILLUSTRATION OMITTED] [ILLUSTRATION OMITTED]

Rea & Associates.(Millersburg)
May 1, 2004... Marcia Calhoun, CPA has joined Rea & Associates as staff accountant.

Bober, Markey, Fedorovich & Company.(Akron)
May 1, 2004... James M. Bowen, CPA, has joined Bober, Markey, Fedorovich & Company as partner.

Douglas Betts.(Akron)
May 1, 2004... Douglas Betts, CPA, audit manager with Schlabig & Associates, Ltd., was appointed to the board of directors of the Northeast Ohio Chapter of the Association of Certified Fraud Examiners (ACFE).

Charity Beall.(Akron)
May 1, 2004... Charity Beall has joined Schlabig & Associates, Ltd. as staff accountant.

Seikel & Company, Inc.(Akron)
May 1, 2004... Douglas H. Mathey, CPA/MTax and Bradford Johnson, CPA have joined Seikel & Company, Inc. CPAs.

Bruner-Cox LLP.(Canton)
May 1, 2004... Bruner-Cox LLP has announced the following promotions: Patricia M. Dettinger, CPA, MT, to manager in the tax department, Steven M. Young, CPA, to manager in the general services department, Scott D. Anderson, CPA, to supervisor in the tax...

Matthew Begansky.(Cleveland)
May 1, 2004... Matthew Begansky, CPA, has joined Howard, Wershbale & Co. as senior accountant.

Frederick D. Vacha.(Cleveland)
May 1, 2004... Frederick D. Vacha has joined Howard, Wershbale & Co. as staff accountant in the tax services group.

Howard, Wershbale & Co.(Cleveland)
May 1, 2004... Howard, Wershbale & Co. announces the following promotions: Jennifer L. Barry, CPA and Keith J. Williams to manager, accounting & auditing services group, Tracy L. Bender, CPA and Joseph W. Schapel to senior accountant, tax services group,...

OMG Group.(Cleveland)
May 1, 2004... Robert T. Pierce, CPA, has been promoted to corporate controller of the OMG Group.

J. P. Marsh & Co.(Hubbard)
May 1, 2004... Susan E. Sandberg, CPA, has joined J. P. Marsh & Co., CPAs in charge of the Corporate Division. [ILLUSTRATION OMITTED]

Frank A. Suponcic.(Mayfield Village)
May 1, 2004... Frank A. Suponcic, CPA, principal with Skoda, Minotti & Co. has earned the designation Certified Fraud Examiner (CFE).

Andrea N. Constantine.(Mayfield Village)
May 1, 2004... Andrea N. Constantine has joined the accounting and auditing department of Skoda, Minotti & Co.

Rea & Associates.(Medina)
May 1, 2004... Leslie Leach has joined Rea & Associates as staff accountant.

Belden & Blake Corporation.(North Canton)
May 1, 2004... Robert W. Peshek, CPA, has been promoted to senior vice president and CFO with Belden & Blake Corporation. [ILLUSTRATION OMITTED]

Ohio University College of Business.(Athens)
May 1, 2004... Ray G. Stephens, CPA, director of the School of Accountancy in the Ohio University College of Business, has been awarded the James E. Daley Professorship in Accounting award. [ILLUSTRATION OMITTED]

Brady Ware.(Dayton)
May 1, 2004... Susan L. Engle has joined Brady Ware as a member of the accounting team.

Seton High School.(Cincinnati)
May 1, 2004... Linda Tracy Gill, CPA, has been named the first president and CEO of Seton High School. *The Ohio Society welcomes submissions to the Members in Motion column. Send photos and accomplishments to the Editor at catalyst@ohio-cpa.com. Photos...

Clarifying misconceptions about compilations and review.(Gain an Edge: EDUCATIONAL OPPORTUNITES)
May 1, 2004... Dramatic practice changes have occurred over the past few years in regard to associations with financial statements under compilation and review standards. The Ohio Society's Practicing Aspects of Compilation and Review Conferences were created...

Gain an edge: educational opportunites.(Calendar)
May 1, 2004... Registration Fees ** Member -- This fee applies to Ohio Society member and affiliates, or members of other state societies. ** Non-member -- All individuals who qualify for membership in The Ohio Society and choose not to be...