CPA Letter articles from February 2002

CPA Letter archives from February 2002

Major auditing iniatives coming to fruition; new risk model, standard on fraud among them.(Brief Article)
February 1, 2002... A major effort has been under way to enhance and update the fraud standard and the framework for the audit process, and results of that labor are about to be unveiled. The Auditing Standards Board took on the challenge to adapt the audit to...

How to request Copyright Permission from AICPA.(American Institute of Certified Public Accountants)(Brief Article)
February 1, 2002... Members and others who wish to reproduce content from any AICPA publication (or Web site) must first obtain copyright permission from the Institute. The most expeditious way to do so is through our Web site (www.aicpa.org). Click on the...

Best-selling publications from Thomson Corporation offered.
February 1, 2002... Through CPA2Biz, AICPA members are offered top titles from Practitioners Publishing Company, a Thomson Corporation company. The four-volume Guide to Preparing Financial Statements (No. TPRFINSTP0100DCPA02) takes you from the trial balance to...

Practice alert issued on communications with SEC.(Securities and Exchange Commission)(Brief Article)
February 1, 2002... Practice Alert 2002-1, Communications With the Securities and Exchange Commission, has been issued. The alert may be used as a reference for registrants and their auditors with respect to communications with the SEC. In addition, it provides...

Starwood Hotels & Resorts becomes exclusive hotel partner.(Brief Article)
February 1, 2002... AICPA members now have access to discounts on hotel reservations and other travel-related benefits thanks to a new partnership with Starwood Hotels & Resorts Worldwide, Inc. As the exclusive hotel partner of the AICPA, members will receive...

Related-Party "Toolkit" released in time for year-end reporting.(accounting guidance on related-party transactions)(Brief Article)
February 1, 2002... Early last month the AICPA published the "Related Party Toolkit, A Guide for Auditors and Accountants." This online document, available at www.aicpa.org/news/relptyl.htm, provides auditors and accountants with guidance on the timely subject of...

Congress begins Enron investigation.(Brief Article)
February 1, 2002... Committees in the House and Senate held the first in a series of hearings in Dec. into the collapse of Enron Corporation. Two subcommittees of the House Financial Services Committee and the Senate Commerce Committee held initial hearings and...

AICPA issues accounting, reporting rules for entities that Lend or Finance. (Accounting & auditing news).(American Institute of Certified Public Accountants)(Brief Article)
February 1, 2002... In Dec. 2001, the AICPA's Accounting Standards Executive Committee issued Statement of Position 01-6, Accounting by Certain Entities (Including Entities With Trade Receivables) That Lend to or Finance the Activities of Others (No. 014933CPA02)....

Computer-based CPA exam writers, reviewers needed.(certified public accountants)(Brief Article)
February 1, 2002... The Uniform CPA Examination is undergoing the process of conversion to a computer-based test, which will facilitate revision of the examination's content and assessment of skills to better reflect changes in the accounting profession. One of...

Coming soon--emergency business planning: are you prepared for disaster?(Brief Article)
February 1, 2002... Coming Soon--Emergency Business Planning: Are You Prepared for Disaster? (No. 731160CPA02). This timely new CPE self-study course, expected to be available in late Feb., offers a step-by-step guide to ensuring business survival following a...

The Handbook of process-based accounting: leveraging processes to predict results.
February 1, 2002... The Handbook of Process-Based Accounting: Leveraging Processes to Predict Results (No. 029876CPA02). This new AICPA publication, written by James A. Brimson, an internationally recognized expert in activity-based management, may very likely...

Spring national radio ad placements announced.(American Institute of Certified Public Accountants)(Brief Article)
February 1, 2002... Continuing its emphasis on national radio advertisements as part of the profession's image enhancement campaign, the AICPA has announced the schedule of placements for spring. Starting the week of Mar. 18, ads will run on news programs on ABC...

AICPA ... where to turn.(American Institute of Certified Public Accountants)(Directory)
February 1, 2002... AICPA... Where to Turn All address and job change information should be mailed, faxed or e-mailed to the Member Satisfaction Center in New Jersey. (The CPA Letter and Journal of Accountancy will automatically be updated. Indicate any...

Chair's corner.(recruiting students and future accountants)(Brief Article)
February 1, 2002... The issues of student recruitment and accounting education are top of mind for our profession. I'd like to share my views about the issues of student recruitment and accounting education with you, and to encourage you to personally contribute...

Disciplinary actions.(American Institute of Certified Public Accountants disciplines members)(Brief Article)
February 1, 2002... As a result of investigations of alleged violations of the Code of Professional Conduct of the AICPA and/or state CPA societies, the following ethics cases have been resolved by settlement agreement under the Joint Ethics Enforcement Program:...

Web conference on modernization of independence rules sponsored, white paper on new AICPA rules issued.(American Institute of Certified Public Accountants. Professional Ethics Executive Committee)(Brief Article)
February 1, 2002... The AICPA Professional Ethics Executive Committee (PEEC) on Dec. 4, 2001, sponsored an interactive Web conference entitled Modernization of the Profession's Independence Rules. A panel consisting of National Association of State Boards of...

Centerpiece of student recruitment effort launches.(Brief Article)
February 1, 2002... In Mar. the centerpiece of the first year of a five-year, $25 million student recruitment initiative will begin (The CPA Letter, Dec. 2001). The campaign, which continues the profession's targeted outreach effort to high school and college...

Highlights of board of directors' December meeting. (member news).(American Institute of Certified Public Accountants)(Brief Article)
February 1, 2002... Among other actions at its Dec. 13-14, 2001, meeting, the AICPA Board of Directors: * Heard a progress report on computerization of the Uniform CPA Examination. * Was briefed on Institute activities relating to the General Accounting...

To the members of the AICPA.(American Institute of Certified Public Accountants; public relations following Enron Corp. bankruptcy)(Brief Article)
February 1, 2002... The events surrounding the Enron bankruptcy have sparked an unprecedented level of public policy discussion and media coverage regarding the accounting profession and our role in our nation's capital market system. The situation is very fluid...