CPA Letter articles from August 2006

CPA Letter archives from August 2006

AICPA, AAA team up to research non-financial performance measures.(news update)
August 1, 2006... As part of its continuing program to provide thought leadership in management accounting, the AICPA has teamed up with the American Accounting Association's Management Accounting Section to research non-financial performance measures. For...

New guidance released to aid smaller public companies in implementing internal control systems.
August 1, 2006... New internal control guidance for smaller public companies has been issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). The AICPA is a member of COSO, a voluntary private-sector organization dedicated to...

AICPA Annual Members' Meeting to be held on October 24.
August 1, 2006... The AICPA's Annual Members' Meeting will be held on Tuesday, Oct. 24, at the Wynn Las Vegas Hotel in Las Vegas. Members also are invited to observe Council's deliberations, which will take place Oct. 23-24. CPE will be provided, as appropriate,...

New AACSB bridge program helps CPAs become accounting faculty to address shortage.
August 1, 2006... Do you recall that faculty member who along the way encouraged you to pursue an accounting career? With a critical shortage of accounting teachers, it is important for CPAs to return the favor by inspiring future accountants as a business...

House-passed estate tax reform bill includes many principles long advocated by AICPA.
August 1, 2006... The recent estate tax bill passed by the House of Representatives incorporates many of the principles the AICPA has suggested for a number of years. The bill approved by the House, H.R. 5638, permanently reduces, but does not repeal the estate...

Revisions to Government Auditing Standards proposed by GAO.
August 1, 2006... In June 2006, the Government Accountability Office issued an exposure draft of proposed revisions to the 2003 revision of Government Auditing Standards (the Yellow Book). The proposed changes are wideranging and expected to be issued in final...

Public meeting notices.(disciplinary actions)(Calendar)
August 1, 2006... Accounting & Review Services Committee: Sept. 18-19, Chicago In lieu of an investigation of alleged violations of the Code of Professional Conduct of the AICPA, the following ethics case has been resolved by settlement agreement under the...

New AICPA self-study course on aAuditor's risk assessment process.(CPE news)
August 1, 2006... CPAs seeking guidance on applying the new risk assessment standards can also earn CPE credit through the new self-study course, Auditor's Risk Assessment Process: Tackling the New Risk Assessment SASs. Available in DVD/manual format (14 CPE...

Annual Public Company Update: SEC, PCAOB, and Other Developments.(CPE news)
August 1, 2006... (No. 731882CPA08). Gain an understanding of the latest non-accounting pronouncements, regulations and guidance issued by the SEC, PCAOB, AICPA, COSO and others as they apply to the filings and audits of this reporting cycle. Recommended CPE...

Sharp-Witted Studies on Single Audit and Yellow Book snafus.(CPE news)
August 1, 2006... (No. 733030CPA08). Learn how to avoid some of the common pitfalls miring these engagements. Recommended CPE credit: 11. Level: Intermediate. Prerequisite: Experience in the Yellow Book and A-133 environment. Format: Text. $135 member/$168.75...

Fundamentals of Federal Payroll Taxes, Benefits and New Hire Reporting.(CPE news)
August 1, 2006... (No. 733140CPA08). Understand how to avoid the frequent penalties in payroll tax reporting while decreasing the load of payroll tax administration. Recommended CPE credit: 12. Level: Basic. Prerequisite: None. Format: Text. $125 member/S156.25...

Advanced Tax Issues for Federal Payroll Taxes, Benefits and Form 1099s.(CPE news)
August 1, 2006... Advanced Tax Issues for Federal Payroll Taxes, Benefits and Form 1099s (No. 733110CPA08). Tackle the complex issues involved in employer/employee payroll tax matters. Recommended CPE credit: 10. Level: Advanced. Prerequisite: Working knowledge...

2006 PCPS/TSCPA national MAP survey launched to benchmark firms' management policies, financial results.
August 1, 2006... PCPS (Private Companies Practice Section) and the Texas Society of Certified Public Accountants recently launched the 2006 National Management of an Accounting Practice Survey. The PCPS/TSCPA National MAP Survey provides local and regional CPA...

More free PCPS Practice Management Forums coming this fall.(Brief article)
August 1, 2006... The online PCPS Practice Management Forums series has been a huge success since its June launch. Free to PCPS members, the series wilt continue this fall with more live, interactive PowerPoint presentations from nationally recognized practice...