CPA Letter articles from June 2001

CPA Letter archives from June 2001

GAO Issues Exposure Draft on Auditor Independence.(Brief Article)
June 1, 2001... On May 4, the U.S. General Accounting Office issued an exposure draft proposing revisions to the general standards on auditor independence in Government Auditing Standards. If adopted as proposed, the independence standards will expand the...

New Student Recruitment Effort Enthusiastically Supported by Council.(Brief Article)
June 1, 2001... Council Overwhelmingly Defeats Resolution to Kill XYZ, Votes to Intensify Education and Response Campaign With much enthusiasm and excitement, members of Council at their spring meeting last month showed resounding support for a new...

AICPA Group of 100 Seeks New Members.(Brief Article)
June 1, 2001... The AICPA's Group of 100 is a prestigious cross-functional group of members from various segments of the profession. The purpose of the group is to uncover and prioritize emerging issues, capturing the "hottest" issues and market opportunities...

Prudential's Plan of Reorganization Issued.(Brief Article)
June 1, 2001... The Prudential Insurance Company of America, the carrier that underwrites the various insurance programs sponsored by the AICPA Insurance Trust, recently filed its Plan of Reorganization with the New Jersey Department of Banking and Insurance....

Copyright Permission Request Form for AICPA Publications Available from Web Site, Fax Service, Permissions Hotline.(Brief Article)
June 1, 2001... Members who wish to reproduce an article from any AICPA publication (or Web site) must first obtain copyright permission from the Institute. You can easily obtain a copyright permission form by visiting AICPA Online, using our 24/7 Fax-Back...

Member Dues Bills Being Mailed This Month.(Brief Article)
June 1, 2001... Members' dues statements covering Aug. 1, 2001, to July 31, 2002, will be mailed later this month -- there is no increase in the dues over last year. For your convenience, online payment is available via www.CPA2Biz.com. Through the dues...

CPA2Biz Launches This Month in Partnership with State Societies.(Brief Article)
June 1, 2001... CPA2Biz -- the profession's own business services portal -- is starting to rollout its content, products and tools this month. CPA2Biz is a comprehensive business services provider serving the needs of both the CPA profession and, through the...

Information Technology Opportunities for CPAs Abound.(Brief Article)
June 1, 2001... The CPA who consults in information technology for firms, clients and employers must work to retain his or her value as the trusted adviser and knowledgeable expert. However, there often is a lack of current resources that focus directly on how...

Certified Information Technology Professional Exam to Be Given July 16-Aug. 25.(Brief Article)
June 1, 2001... Join the more than 350 CPAs already using the Certified Information Technology Professional designation, awarded to members who have demonstrated their competency and experience in providing information technology services. The CITP designation...

CITP Workshop Offered.(Brief Article)
June 1, 2001... Get the technology training and know-how you need to make 2001 a profitable year by attending the Certified Information Technology Professional Plus Workshop on July 30-31 or Sept. 24-25 in Rosemont, Ill. This two-day workshop will set you on...

FASB Examines Business and Financial Reporting, Challenges from the New Economy.(Brief Article)
June 1, 2001... Many observers maintain that there is a disconnect between the information provided in today's financial statements and the information needs of investors and creditors. In examining this issue, observers point to the widening gap that exists...

Auditing Standards Board Votes to Issue SAS No. 94.(Brief Article)
June 1, 2001... In Apr., the Auditing Standards Board voted to issue Statement on Auditing Standards No. 94, The Effect of Information Technology on the Auditor's Consideration of Internal Control in a Financial Statement Audit (AICPA, Professional Standards,...

Statement of Position for Health and Welfare Benefit Plans Issued.(Brief Article)
June 1, 2001... Statement of Position 01-2, Accounting and Reporting by Health and Welfare Benefit Plans (No. 014929CPA06), has been issued by the Accounting Standards Executive Committee. This SOP amends chapter 4 of the AICPA Audit and Accounting Guide...

AICPA Members Receive CPE Seminar Discount.(Brief Article)
June 1, 2001... When registering with your participating state CPA society, AICPA members now qualify for a $30 discount off the lowest fee for any CPE seminar developed by the AICPA. Look for AICPA seminars when planning your 2001 CPE. Visit www.CPA2Biz.com...

THE YEAR IN REVIEW.
June 1, 2001... The Value of Your AICPA Membership Welcome to The CPA Letter's annual "Year in Review." This special supplement describes how the AICPA has worked to enhance the profession and improve members' professional opportunities. In the following...

AICPA ... Where to Turn.(Statistical Data Included)
June 1, 2001... 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 other AICPA subscriptions that...

chair's corner.(Column)
June 1, 2001... At the time of this writing, President Bush is talking about his first 100 days, and I am finishing my first 180 days as Chairman of the AICPA Board of Directors. It seems unbelievable to me that I have been Chairman for six months. And judging...

Microsoft Chooses WebTrust for Certification Authorities.(Abstract)(Brief Article)
June 1, 2001... Microsoft Corporation, the worldwide leader in software, services and Internet technologies for personal and business computing, has selected WebTrust for Certification Authorities or its equivalent as part of its program for accepting...

disciplinary actions.(Brief Article)
June 1, 2001... As a result of an investigation of alleged violations of the Codes of Professional Conduct of the AICPA and state CPA society, the following ethics case has been resolved by settlement agreement under the Joint Ethics Enforcement Program: ...

now available.(guides)
June 1, 2001... New -- XBRL Essentials (No. 093017CPA06) is the first non-technical step-by-step guide to understanding eXtensible Business Reporting Language (XBRL). As the new "digital language of business," XBRL is rapidly changing how financial and...

OCC Guidance on National Bank Audit Programs.(Office of the Comptroller of the Currency)(Brief Article)
June 1, 2001... The Office of the Comptroller of the Currency recently released guidance clarifying issues concerning its supervision of national banks' audit programs, including reviews of external audit programs, key independence issues affecting outsourced...

AICPA to Congress: Short Circuit Tax Complexity Now.(American Institute of Certifed Public Accountants executive Pamela J. Pecarich)(Brief Article)
June 1, 2001... "Short circuit tax complexity now," Pamela J. Pecarich, chair of the Tax Executive Committee, told the Senate Finance Committee at a recent heating. "It's not that Americans don't want to obey the tax law," Pecarich said, "it's that they have...

New Case Studies Highlight Successful Use of Technology in CPA Firms.(Brief Article)
June 1, 2001... Does your CPA firm have a story to tell about its successful use of technology to achieve a competitive advantage? If so, the AICPA's IT Best Practices Task Force wants to hear from you as part of a new project designed to help members and the...

Highlights of Board of Directors' April Meeting.(American Institute of Certified Public Accountants)(Brief Article)
June 1, 2001... Among other actions at its meeting on Apr. 19-20, the AICPA Board of Directors: * Unanimously supported the five-year student recruitment campaign later endorsed by Council (see page 1). The board agreed that future boards would review the...

Unique Direct Marketing Campaign Will Launch Later This Year to Boost Recruitment of New CPAs.(Brief Article)
June 1, 2001... With very enthusiastic support and an eagerness to participate from the state CPA societies, as well as strong endorsement from Council, the AICPA will soon kick off a five-year, multi-million dollar direct marketing initiative to stem the tide...