CPA Letter articles from July 2004

CPA Letter archives from July 2004

Happenings at Spring Council meeting.(news update)
July 1, 2004... Here are some of the more significant actions and events that took place at the governing Council meeting May 23-25: * Consistent with the values of the profession and the public's demands for greater disclosure, Council approved a...

AICPA Annual Members' Meeting to be held October 26.(American Institute of Certified Public Accountants)(Brief Article)
July 1, 2004... The AICPA's Annual Members' Meeting will be held on Tuesday, Oct. 26, at the Ritz-Carlton Orlando Grande Lakes Resort in Orlando, Fla. Members also are invited to observe Council's deliberations, which will take place Oct. 25-26. CPE will be...

Sarbanes-Oxley reporting compliance methodologies presented at Continuous Auditing Symposium.
July 1, 2004... Leading-edge technologies and solutions were presented by a panel of academic experts and business leaders during the 7th Annual Continuous Auditing Symposium in Monaco to help public companies better meet the information needs of their...

First CITP Lifetime Achievement Award presented.(Richardson Media & Technologies)(Certified Information Technology Professional)(Brief Article)
July 1, 2004... Dana (Rick) Richardson has been presented with the AICPA's first annual Certified Information Technology Professional Lifetime Achievement Award for his extensive work with the CPA profession over the past 25 years in the area of information...

Call for Professor/Practitioner Cases.
July 1, 2004... The AICPA is now accepting proposals for cases under the 2005 Professor/Practitioner Case Development Program. This program is designed to promote collaboration of accounting educators and practitioners (not exclusive to public accounting) in...

Public meeting notices.(Calendar)
July 1, 2004... Accounting and Review Services Committee: Aug. 9-10, New York Accounting Standards Executive Committee: July 20-21, Salt Lake City Peer Review Board: Aug. 3-4, San Diego Professional Ethics Executive Committee: July...

Chair's corner.
July 1, 2004... The seeds for the peer review process as we know it today were first sown in 1977 with the establishment of the AICPA Division for CPA Firms which created the SEC Practice Section and the Private Companies Practice Section. One of the...

DOL, AICPA partner on national education campaign on fiduciary responsibilities.(Department of Labor)(American institute of certified public accountants)
July 1, 2004... The Department of Labor and the AICPA recently announced they have partnered in a national campaign to educate employers and service providers about their fiduciary responsibilities under the Employee Retirement Income Security Act. ERISA is a...

DOL issues guidance on reporting delinquent participant contributions.(regulatory matters)(Department of Labor)(Brief Article)
July 1, 2004... The U.S. Department of Labor's Employee Benefits Security Administration has issued frequently asked questions and answers to provide guidance to plan administrators and accountants on complying with the requirements of the 2003 Form 5500...

GASB issues new statements, technical bulletin.(accounting & auditing news)(Governmental Accounting Standards Board)
July 1, 2004... The Governmental Accounting Standards Board recently issued two statements: Statement No. 43, Financial Reporting for Postemployment Benefit Plans Other Than Pension Plans, and Statement No. 44, Economic Condition Reporting: the Statistical...

Disciplinary actions.
July 1, 2004... As a result of an investigation of alleged violations of the Codes of Professional Conduct of the AICPA and/or state CPA societies, the following ethics case has been resolved by settlement agreement under the Joint Ethics Enforcement Program:...

How to request copyright permission from AICPA.(Brief Article)
July 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...

Special feature: the year in review: a year of renewal.
July 1, 2004... The past year has brought extraordinary change and renewed vitality to the AICPA. Challenges of recent years have culminated in a wide range of initiatives that reinforce CPAs' professionalism and expand opportunities for members. We built...

AICPA, CICA offer tools to aid in corporate security and privacy.(member news,American institute of certified public accountants)(Canadian Institute of Chartered Accountants)
July 1, 2004... The AICPA and the Canadian Institute of Chartered Accountants have updated the principles and criteria that form the basis for professional advisory, consulting and attestation engagements in Security, Privacy, Processing Integrity,...

Determining when statements on Responsibilities in Personal Financial Planning Practice apply.
July 1, 2004... Statements on Responsibilities in Personal Financial Planning Practice were created to support members providing PFP services. Although the final one in the series of five was issued 10 years ago, they are even more relevant today as an...

New--Internal Control Reporting series.(CPE news)
July 1, 2004... New--Internal Control Reporting Series. Author and moderator Michael Ramos, CPA, and a panel of leaders in the auditing profession provide timely, practical guidance on requirements of a complex, comprehensive professional standard and...

Forensic accounting: fraudulent reporting and concealed assets.(CPE news)(Brief Article)
July 1, 2004... Forensic Accounting: Fraudulent Reporting and Concealed Assets (No. 731950CPA07). Identify common forensic techniques to recognize fraud schemes and seams. Prerequisite: None. Recommended CPE credit (based on a 100-min. hour): 4. Level:...

Annual update for accountants and auditors, 2004-2005 edition.(CPE news)(Brief Article)
July 1, 2004... Annual Update for Accountants and Auditors, 2004-2005 Edition (No. 730023CPA07). Keep abreast of fast-paced changes in accounting and auditing. Prerequisite: Experience in accounting and auditing. Recommended CPE credit (based on a 100-min....

Innovative tax planning for individuals and sole proprietors.(CPE news)(Brief Article)
July 1, 2004... Innovative Tax Planning for Individuals and Sole Proprietors (No. 745508CPA07). CPAs looking for innovative tax planning and savings techniques to solve client problems will want to consider this popular course written by William R. Bischoff,...

Innovative tax planning for small businesses: corporations, partnerships & LLCs.(CPE news)
July 1, 2004... Innovative Tax Planning for Small Businesses: Corporations, Partnerships & LLCs (No. 745517CPA07). Understand the unique problems affecting corporations and other small business entities, identify savings opportunities, and pinpoint tax traps....

CPE seminars offered by state CPA societies.
July 1, 2004... The AICPA is committed to bringing you up-to-date information on the hottest topics facing today's professional. In addition to the courses below, a full listing of our seminars can be found at www.aicpa.org/promotions/courses/courseslist.asp....

Now available.
July 1, 2004... AICPA Professional Standards (No. 005104CPA07; available July 30) now offers a seamless source of professional standards applicable to nonpublic companies as well as public companies. This new edition contains pronouncements issued by the...

Tax practitioners alerted to changes in IRS collection process.(tax info)
July 1, 2004... This fall, field collection officers from the Internal Revenue Service will operate under new, streamlined guidelines aimed to improve service, increase consistency and speed the collection of past-due taxes. In a June 15 Webcast, Tax Talk...

Help AICPA Benevolent Fund help your colleagues.(American institute of certified public accountants.)(Brief Article)
July 1, 2004... The AICPA Benevolent Fund was started in the 1930s to assist members and their families as they struggled through various medical and financial hardships. It represents a way for CPAs to support those who have gone before them in the profession...

Ad Council joins AICPA, NEFE partnership on Women's Financial Education.
July 1, 2004... The Advertising Council, the nation's largest provider of public service advertisements with a proven track record of raising awareness and inspiring action, has joined with the AICPA and the National Endowment for Financial Education (The CPA...