CPA Letter articles from August 2004

CPA Letter archives from August 2004

The AICPA voices opinions on abusive tax shelters, foreign earned income exclusions proposed in "JOBS" Act.(legislation)
August 1, 2004... In early July the AICPA provided comments to Congress regarding visions in the proposed dumpstart Our Business Strength (JOBS) Act (S. 1637). The provisions relate to abusive tax shelters and foreign earned income and housing exclusions. ...

AICPA begins polling stakeholders on private company GAAP.(legislation)
August 1, 2004... As part of its effort to determine whether GAAP financial statements for private, for-profit companies are meeting the needs of users, the AICPA's Private Company Financial Reporting Task Force last month released a Web-based survey for...

2004 National Management of an Accounting Practice Survey under way.
August 1, 2004... PCPS, the AICPA's membership section for firms, along with the Texas Society of CPAs and 43 other participating state societies and associations, has announced the launch of the 2004 PCPS/TSCPA National MAP Survey. This invaluable tool enables...

IRS webcast demystifies forms W-4, W-2, I-9 and 941.
August 1, 2004... The Internal Revenue Service's Tax Talk Today[R] Webcast program on July 13 sought to clear up confusion on several employment tax forms. Experts from the Social Security Administration, American Payroll Association, National Association of Tax...

How to request copyright permission from AICPA.
August 1, 2004... Members and others who wish to reproduce content from any AICPA publication (or Web site) must first obtain copyright permission from the Institute. The procedure for requesting permission is to first display our Web site homepage on the...

Members offered airlines, car rental, amtrak discounts.
August 1, 2004... The AICPA has a special agreement with Carlson Wagonlit Travel--The Leaders Group, to assist you with travel arrangements (call 800/345-5540) when attending eligible AICPA conferences. If you prefer to make your own travel plans, mention the...

Public meeting notices.(Calendar)
August 1, 2004... Accounting and Review Services Committee: Aug. 9-10, New York; Nov. 1-2, Nashville Accounting Standards Executive Committee: Sept. 8-9, New York Peer Review Board: Aug. 3-4, San Diego

ASB issues new interpretations on SAS No. 58, Reports on Audited Financial Statements.(accounting & auditing news)
August 1, 2004... The Auditing Standards Board has issued two new interpretations on SAS No. 58, Reports on Audited Financial Statements. Interpretation 17 provides illustrative language in the auditor's report to clarify that an audit performed in accordance...

PCAOB publishes staff guidance on its Auditing Standard No. 2.(Public Company Accounting Oversight Board)(Brief article)
August 1, 2004... In late June the Public Company Accounting Oversight Board published staff guidance on audits of internal control. The guidance, issued in tandem with Securities and Exchange Commission guidance for issuers, can be found on the PCAOB's Web site...

FASB publishes two proposals: Fair Value Measurements; accounting guidance for conditional asset Retirement Obligations.
August 1, 2004... The Financial Accounting Standards Board recently published two proposals. One exposure draft, Fair Value Measurements (comments due Sept. 7), seeks to establish a framework for measuring fair value that would apply broadly to financial and...

Governmental Accounting Standards board issues exposure drafts on concepts related to communication methods, net assets reporting.
August 1, 2004... The Governmental Accounting Standards Board has published an exposure draft for a proposed Statement of Governmental Accounting Concepts, Communication Methods, that would provide a conceptual basis for selecting communication methods to...

AICPA Videocourses for On-Site Group Training or Individual Self Study.(CPE news)
August 1, 2004... AICPA Videocourses for On-Site Group Training or Individual Self Study; Authored/Moderated by Sidney Kess Paying for College: Tax Strategies and Financial Aid Sidney Kess, CPA, JD, LL.M., leads a team of tax, personal financial...