Catalyst (Dublin, Ohio) articles from September 2003

Catalyst (Dublin, Ohio) archives from September 2003

The next big issue to impact the profession.(A message from the Chair)(auditing standards different for registered companies and unregistered companies)
September 1, 2003... For years CPAs have discussed the relative merits of Big ISAAP vs little GAAP. Everyone has an opinion, and the implications both pro and con can be anticipated and visualized. However, most of us (excluding those who perform GAO audits)...

Activities in your area--information now online.(Ohio)(Ohio Society of Certified Public Accountants Member Initiatives)(Brief Article)
September 1, 2003... The Ohio Society of CPAs Member Initiatives programs are now online at www.ohioscpa.com. Simply click on Member Initiatives under the "Members" tab at the top of the page. There you'll find all you need to know about how Member Initiatives...

Streamlined sales tax project reaches milestone.(Ohio)(Ohio enacts the Streamlined Sales and Use Tax Agreement)(sales tax from online purchases)(Brief Article)(Reprint)
September 1, 2003... Ohio has joined 19 other states in enacting the Streamlined Sales and Use Tax Agreement (SSTUA). The agreement will allow participating states to encourage Internet merchants to voluntarily collect sales tax on purchases. The federal ban...

Study shows tax shelters cost Ohio millions.(Ohio)(corporate tax shelters cost state of Ohio and West Virginia)(report of Multistate Tax Commission)(Brief Article)(Reprint)
September 1, 2003... According to a recent study, Ohio lost nearly 60 percent of its corporate tax collections in 2001 due to aggressive tax shelters employed by companies. According to the report released by the Multistate Tax Commission, the 50 states combined...

AICPA considers alternatives for specialty credentials.(National)(Brief Article)
September 1, 2003... The AICPA's Governing Council approved a resolution at its spring 2003 meeting calling for the investigation of possible strategies, including strategic partners, to enhance the following designations: * Personal Financial Specialist (PFS)...

Accounting profession's image making strong recovery.(National)(Brief Article)
September 1, 2003... There has been a significant increase over the last year in the positive image of accounting, according to a recent Gallup poll. Each year, Gallup measures the mages of various business and industry sectors within the United States. ...

Audit Committee Matching System launches online search capability.(National)(service for both audit committees and auditors)(Brief Article)
September 1, 2003... Launched in April, the Audit Committee Matching System (ACMS) allows members to register their willingness to serve on the audit committee of a public, private or not-for-profit organization. Since it was launched, more than 900 members have...

AICPA appoints federal accounting standards review panel.(National)(Brief Article)
September 1, 2003... The AICPA recently appointed a panel to review the Federal Accounting Standards Advisory Board's (FASAB) continuing authority to set generally accepted accounting principles (GAAP) for the federal government under Rule 203 of the AICPA Code of...

Do not fax rules postponed.(National)(Brief Article)
September 1, 2003... The Federal Communications Commission (FCC) has extended to Jan. 1, 2005 the effective date of its new rules requiring written consent before sending advertising faxes. The extension of time permits entities sending fax advertisements more...

IASB publishes proposals on accounting for Insurance Contracts.(International)(International Accounting Standards Board)(Brief Article)
September 1, 2003... The IASB took the first step towards improving insurance accounting practices by publishing proposals for greater transparency in the exposure draft EB 5 Insurance Contracts. The exposure draft proposes guidance for insurance companies that...

A brave new world: the future of audit standards: the pace and breadth of change in the CPA profession over the past 18 months has been unprecedented. However, the next issue on the horizon has the potential to reshape the very service that is exclusive to the profession--the audit.
September 1, 2003... Under Sarbanes-Oxley, the Public Company Accounting Oversight Board (PCAOB) has the authority to promulgate audit standards for auditors of public companies. Currently, the Board is working under existing audit standards set forth by the...

Accounting malpractice in Ohio: what you need to know.
September 1, 2003... While high-profile lawsuits involving public company audit services by national CPA firms have dominated the headlines for some time now, the claims experience of large national CPA firms is not representative of the experience of small local...

Rush to register: deadline looms for public-audit firms to file with federal government.
September 1, 2003... The Securities and Exchange Commission's mid-July approval of federal public-audit CPA firm registration confirmed what the profession had long anticipated: an Oct. 22 deadline to complete the process with the fledgling Public Company...

The board of directors: your personal liability.
September 1, 2003... CPAs are often asked by clients to be directors and/or officers. It is anticipated that with the new financial expert disclosure requirement of the Public Company Accounting Reform and Investor Protection Act of 20D2 (also known as the...

Small business: where fraud can and does occur.
September 1, 2003... While the headlines have been filled with news of financial scandals at giant corporations like Enron, Worldcom, Tyco, Healthsouth and others, fraud is much more likely to occur in a small business. "Fraud is no longer viewed as a big...

Crossing the line: what CPAs need to know about the unauthorized practice of law.
September 1, 2003... Accountants are indeed a multi-talented group. With vast knowledge in many technical areas, CPAs are utilized by clients for various services. However, CPAs need to be aware of just how far they can go when servicing a client. Venturing too far...

Self-assessment exam: Catalyst September/October 2003.(for certified public accountants)(Ohio Society of Certified Public Accountants)
September 1, 2003... 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 information included in articles and...

Partner retreats reviewed.
September 1, 2003... Instead of formulating strategies, many CPA partner retreats deteriorate into an operational problem-solving meeting. At best, partners discuss ideas for sales and services expansion. CPA firms traditionally suffer from too many chefs in the...

E Pluribus Unum--out of one, many.(Member Initiatives)(Ohio Society of Certified Public Accountants)
September 1, 2003... As a profession, there are many issues that divide us, but even more issues under which we must stand as one. We have long been a society that believes "Power to the People" and The Ohio Society of CPAs is encouraging you to use that power. ...

Member initiatives: local activities.(Ohio Society of Certified Public Accountants)(list and location of professional development courses)
September 1, 2003... Central Columbus Ethics 9/22/2003 Professional Standards and Ethical Responsibilities for CPAs (3 hours) Course # 80050 The Ohio Society of CPAs Specialized Knowledge 9/24/2003 New CPA Recognition Luncheon...

E-mail 201--e-mail management: save time & energy.(Business Bytes)
September 1, 2003... How many times have you heard, "I tried to get work done yesterday afternoon, but all I was able to do is answer e-mail" This phrase is uttered more and more frequently in businesses today. Another common phrase laments, "1 spent a good hour...

Top technology for less: the hidden treasure of open source software.(Gadgets & Gizmos)
September 1, 2003... With technology spending at an all time low, the old adage you get what you pay for may not ring true when it comes to computer software. Many large companies are turning to open source software solutions, finding solutions that are as good, if...

And justice for all? How Ohio Supreme Court justices are chosen impacts your bottom line.(Capitol Access)
September 1, 2003... Each election cycle, judicial candidates for Ohio's highest court are spending more and more money to fund the multi-million dollar campaigns needed to win. The result? A rise of what many in both political circles and the public believe are...

Thoughts from around the profession.(Members Only)(American Institute of Certified Public Accountants)
September 1, 2003... Obviously, this year stands out in terms of challenge and change for the profession. In beginning my "tour of duty," I felt it was especially important to be visible to the membership and especially to listen to their concerns and reactions to...

AICPA conducts member referendum on enhanced disciplinary measures.(Members Only)
September 1, 2003... The AICPA is seeking its members' approval on two proposals to enhance the ethics enforcement process. Ballots were mailed to members in late to Aug. 18 and must be returned by Oct. 18. Two proposals are being addressed, and with...

2003-2004 Student Ambassadors: kicking off another year.(Members Only)
September 1, 2003... Six accounting students from five of Ohio's major universities were selected as The Ohio Society's 2003-2004 on-campus ambassadors. The students will begin their tenures with a seminar at The Ohio Society of CPAs office in Dublin in September....

Member profile: CPA chairs Ohio Chamber of Commerce.(Members Only)(David L. Scheffler named chair of the board for the Ohio Chamber of Commerce)
September 1, 2003... David L. Scheffler, CPA--Ohio Society member and partner with Plante & Moran--has been named chairman of the board for the Ohio Chamber of Commerce. Scheffler, a member of the Ohio Chamber board for 10 years, admires Ohio's business...

Accounting for Kids Day: looking forward to another successful year.(Members Only)(California Society of Certified Public Accountants)
September 1, 2003... "It's hard to tell who had more--the volunteers or the students!" [ILLUSTRATIONS OMITTED] Gail Sherman, CPA Spilman, Hills & Heidebrink Toledo

The difference a few hours can make: Accounting for Kids Day 2003.(Members Only)
September 1, 2003... "Thank you so much for everything. You made this a great day!" exclaimed one fifth grader whose class participated in Accounting for Kids Day 2002. Accounting for Kids Day 2003 is Wednes-day, Nov. 12, and your support is needed to ensure...

ACAP-Ohio changes the face of business for Ohio's students.(Members Only)(2003 Accounting Careers Awareness Program of Ohio)
September 1, 2003... The 2003 Accounting Careers Awareness Program of Ohio (ACAP-Ohio) set a record with 43 minority high school students participating--the largest class in the eight-year history of the program. Presented by The Ohio Society of CPAs and the...

Accounting Careers Awareness Program of Ohio: June 22-26.
September 1, 2003... Shawna Gibbs offers advice and humor during her public speaking workshop. [ILLUSTRATION OMITTED] Ryan Larkin was awarded a $500 scholarship sponsored by Honda Manufacturing of America. [ILLUSTRATION OMITTED] The ACAP-Ohio...

In memoriam.(Brief Article)
September 1, 2003... In memory of our friends and colleagues: Richard T. Baker, CPA Gulf Stream, FL Bruce Baskin, CPA Akron, OH Mary A. Booth, CPA Batavia, OH Ervin A. Stadler, CPA Cincinnati, OH

Vicki Kline.(Akron/Canton)(will appear on the ballot for Portage County Treasurer)(Brief Article)
September 1, 2003... Vicki Kline, CPA/PFS, CFP, CSA, MBA of LPL will appear on the ballot March 2, 2004 for Portage County Treasurer.

Business Management Accountants (BMA).(Akron/Canton)(Martin C. Kail has joined BMA)(Brief Article)
September 1, 2003... Martin C. Kail, CPA, has joined Business Management Accountants (BMA).

Eric L. Meeks.(Cincinnati)(recipient of PricewaterhouseCoopers, LLP Tax Projects Delivery Group award)(Brief Article)
September 1, 2003... PricewaterhouseCoopers, LLP Tax Projects Delivery Group congratulates Eric L. Meeks, CPA, CMA, the recipient of their annual award for demonstrating superior achievement by providing the best client service during the past fiscal year.

Skoda, Minotti & Co.(Cleveland)(recent promotions)(Brief Article)
September 1, 2003... Skoda, Minotti & Co. is pleased to announce the promotion of the following professionals. Joseph P. Regalbuto, CPA, has been promoted to senior manager, Evan C. Ogrodnik, CPA, Kelly A. Sheehan, CPA, Deborah Huling, CPA, and Marie Lenarduzzi,...

Bruner-Cox LLP.(Cleveland)(Brian Wilson becomes associate in the general services department)(Brief Article)
September 1, 2003... Brian Wilson has joined Bruner-Cox LLP as an associate in the general services department.

Walthall, Drake & Wallace LLP, CPAs.(Cleveland)(recent promotions)(Brief Article)
September 1, 2003... Walthall, Drake & Wallace LLP, CPAs is pleased to announce the promotion of Raymond Onderisin, CPA, and Michele Hoover, CPA, to senior manager. Kenneth Stefanski, CPA, and Geoffrey Williams, CPA, have been promoted to supervisor. Paul...

Bond, Sippola, DeJoy & Co.(Cleveland)(David M. DiCillo has been named president and director; Linda A. Scheiman has been named director)(Brief Article)
September 1, 2003... David M. DiCillo, CPA has been named president of Bond, Sippola, De Joy & Co. (BSD). Linda A. Scheiman, CPA and DiCillo have both been appointed Directors of BSD as well.

Skoda Minotti & Co.(Cleveland)(Harold E. Dahringer, Jr. has joined the accounting and auditing department)(Brief Article)
September 1, 2003... Harold E. Dahringer, Jr. had joined Skoda Minotti & Co.'s accounting and auditing department as a senior staff member.

Rea & Associates, Inc.(Columbus)(Robin Retzler becomes principal director of tax)(Brief Article)
September 1, 2003... Robin Retzler, CPA, has joined the regional accounting and business consulting firm Rea & Associates, Inc., as principal director of tax.

Ickert & Company, LLC.(Columbus)(Sara J. Cupp has earned Certified Valuation Analyst designation)(Brief Article)
September 1, 2003... Sara J. Cupp, CPA, of Ickert & Company, LLC, has earned the designation of Certified Valuation Analyst (CVA).

Kentner Sellers, LLP.(Dayton)(Jayme Welch promoted to senior)(Brief Article)
September 1, 2003... Kentner Sellers, LLP announces the promotion of Jayme Welch, CPA, to senior.

Gain an edge: educational opportunities.
September 1, 2003... 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 members/...