CPA Letter articles from December 2001

CPA Letter archives from December 2001

Popular CPA image campaign kicks off with focus on national radio ads: majority of states to run print and radio ads locally.(Brief Article)
December 1, 2001... If you listened to Major League Baseball's World Series or any number of other sports events, news or business/financial programs on network radio recently, you might have heard one of the advertisements launched as part of the AICPA's national...

Council hears exciting update on student recruitment initiative: campaign targeting "generation Y" launches.(American Institute of Certified Public Accountants)(Brief Article)
December 1, 2001... At its fall meeting, the AICPA governing Council was treated to a progress report on an exciting new initiative designed to significantly increase the number of young people choosing to become CPAs. A five-year, $25 million direct-marketing...

Volunteers needed for 2002 USA today tax hotline.(Brief Article)
December 1, 2001... CPA volunteers are needed to staff the USA Today tax hotline on Thursday, Mar. 7, 2002. Each year the national newspaper and the AICPA team up for a tax hotline that offers readers an opportunity to get immediate answers from the tax experts....

Committee appointments process begins in Jan.; applications due May 1.(American Institute of Certified Public Accountants)(Brief Article)
December 1, 2001... The committee appointments process this coming year will begin in Jan. and extend until May 1, 2002. Significant process changes will occur this year to make the Web-based application process much simpler and also to allow members access to...

IRS, AICPA urge practitioners to file tax returns electronically.(Internal Revenue Service, American Institute of Certified Public Accountants)(Brief Article)
December 1, 2001... At the 2001 AICPA National Conference on Federal Taxes, Internal Revenue Service Commissioner Charles Rossotti and Taxpayer Advocate Nina Olson urged practitioners to file tax returns electronically whenever possible this year. They emphasized...

Exposure draft on responsibilities for litigation services released.(Brief Article)
December 1, 2001... An exposure draft of a Proposed Statement on Responsibilities for Litigation Services No. 1 has been issued by the Statement on Responsibilities Task Force of the Consulting Services Executive Committee's Litigation and Dispute Resolution...

OCC seeks accounting professionals for fellowship program.(Office of the Comptroller of the Currency)(Brief Article)
December 1, 2001... The Office of the Comptroller of the Currency is currently accepting applications for its Professional Accounting Fellowship program. The Accounting Fellow position provides an opportunity for a CPA who is currently a manager and has five or...

Public meeting notices.
December 1, 2001... For detailed agendas, dial 201/938-3787 from a fax machine and key in document no. 1206 two weeks prior to these meetings. Accounting Standards Executive Committee: Jan. 29-30, New York Auditing Standards Board: Dec. 11-13, Las Vegas...

Members urged to endow AICPA foundation by donating prudential IPO shares.(American Institute of Certified Public Accountants; initial public offerings)(Brief Article)
December 1, 2001... The AICPA Foundation, created to advance the science of accountancy and improve accountancy education, is encouraging members who receive stock as a result of Prudential Insurance Company's demutualization to donate part or all of these shares...

Hosted unified messaging solution available from CPA2Biz. (technology).(Brief Article)
December 1, 2001... A new hosted-messaging solution is now available from CPA2Biz and its alliance partner, Mi8 Corp. Use of this technology tool will both eliminate the cost of stand-alone hardware, software and administrative support and improve CPAs' ability to...

Member referendum under way.(American Institute of Certified Public Accountants)(Brief Article)
December 1, 2001... A mail ballot is under way on a proposal to amend the AICPA bylaws to allow for the granting of an interdisciplinary global credential. Members who have not yet received a ballot packet may call 888/637-3277 to obtain a new packet, or they may...

Disciplinary actions.(American Institute of Certified Public Accountants)(Brief Article)
December 1, 2001... As a result of decisions by hearing panels of the Joint Trial Board, the following members have had their AICPA memberships: --Terminated: * Ronald Lee Castleman of Warrensburg, Mo., effective Sept. 26, 2001. * Wayne C. Sellers...

Business valuation methods. (CPE news).(Brief Article)
December 1, 2001... Business Valuation Methods (No. 730493GMCPA12), revised, offers a comprehensive look at the methods and techniques for performing competent, efficient appraisals. It covers all the steps in performing a business valuation. You will also get...

Practice aid to be released on business combinations. (accounting & auditing news).(Brief Article)
December 1, 2001... The AICPA this month will release a new practice aid entitled Assets Acquired in a Business Combination to Be Used in Research and Development Activities: A Focus on Software, Electronic Devices, and Pharmaceutical Industries (No. 006609CPA12)....

Implementation guidance for private investment companies (non-registered) to be developed shortly. (accounting & auditing news).(Brief Article)
December 1, 2001... The AICPA has created a task force to develop guidance related to the implementation by private investment companies of certain provisions of the AICPA Audit and Accounting Guide Audits of Investment Companies. The guidance will relate...

SOP Issued for reporting on AIMR standards. (accounting & auditing news).(Statement of Position 01-4)(Association for Investment Management and Research )(Brief Article)
December 1, 2001... Statement of Position 01-4, Reporting Pursuant to the Association for Investment Management and Research Performance Presentation Standards (No. 014931CPA12), has been issued by the Auditing Standards Board. In May 2001, the Association for...

FASB adds financial performance reporting to its agenda. (accounting & auditing news).(Financial Accounting Standards Board)(Brief Article)
December 1, 2001... According to the Financial Accounting Standards Board, a project on financial performance reporting has been added to its agenda in an effort to provide better and more meaningful information to investors and Creditors. The project's objective...

FASB chairman to retire, new chairman named at FASAC. (accounting & auditing news).(Edmund L. Jenkins, Financial Accounting Standards Board)(Financial Accounting Standards Advisory Council)(Brief Article)
December 1, 2001... Edmund L. Jenkins, Chairman of the FASB, has announced his intention to retire upon completion of his five-year term on June 30, 2002. In praising Jenkins for his substantial contributions to the FASB, Financial Accounting Foundation Chairman...

Chair's corner.(forecasts for accounting profession)(Column)(Brief Article)
December 1, 2001... While the outcome of the IISBP (global credential) initiative now rests with the members, other substantial initiatives are also being developed and implemented to achieve the Vision. When addressing Council at our meeting in Oct., I...

now available.
December 1, 2001... 2001/2002 Audit Risk Alerts -- General Audit Risk Alert (No. 022280CPA12); Compilation and Review Alert (No. 022290CPA12). Price each: Dual AICPA/state society member, $18.40; AICPA member, $19.55; state society member, $20.70; non-member, $23....

AICPA and AOC announce winners of 2001 industry hall of fame. (awards).(American Institute of Certified Public Accountants)(Brief Article)
December 1, 2001... The AICPA and AOC, a leading financial staffing specialist, have announced the winners of the 2001 AICPA Business & Industry Hall of Fame. The Hall of Fame honors CPAs who provide insight and vision to their respective organizations; understand...

Call for nominations for AICPA distinguished achievement in accounting education award. (awards).
December 1, 2001... State CPA societies and individuals are invited to nominate an accounting educator for the 2002 AICPA Distinguished Achievement in Accounting Education. This award is designed to recognize full-time college accounting educators distinguished...

Special notice to AICPA members.(Brief Article)
December 1, 2001... The managing partner of BDO Seidman and an individual member running an online e-mail list serve have requested access to a current list of the Institute's members, including e-mail and/or mailing addresses. The purpose as stated in their...