CPA Letter articles from June 2004

CPA Letter archives from June 2004

AICPA leaders, Head of GAO call on CPAs to help address financial literacy needs of America.(American Institute of Certified Public Accountants)(General Accounting Office)(Certified Public Accountant)
June 1, 2004... On May 17, AICPA Chairman of the Board S. Scott Voynich and AICPA President and CEO Barry Melancon announced the inception of "360 Degrees of Financial Literacy," a multi-faceted personal finance education program designed for everyone from...

Member dues bills being mailed this month.
June 1, 2004... Members' dues statements covering Aug. 1, 2004, to July 31, 2005, will be mailed later this month. Checks are accepted; use the return envelope provided with the statement. Through the dues bill, members can take advantage of some of the...

Business and promotional merchandise in accessories collection proudly sport "CPA" logo.
June 1, 2004... Tens of thousands of members visibly display the "CPA" logo on their business cards, letterhead, promotional literature, signage, and even on lapel pins. In addition, many members use business gifts and giveaway merchandise which also...

AICPA Webcasts bring CPE to your desktop.
June 1, 2004... AICPA Webcasts offer the latest topics from the profession's leading experts. Broadcast live, these 2-hour CPE programs allow you to interact with the presenters and join in on the discussion. Each Webcast also is archived and available on...

PCPS launches 2004 National Management of Accounting Practice Survey.
June 1, 2004... The AICPA's membership section for firms, the Partnership for CPA Practice Success, has announced the launch of the 2004 PCPS/Texas Society of CPAs National MAP Survey. This invaluable tool enables firms to benchmark management policies and...

How to request copyright permission from AICPA.(American Institute of Certified Public Accountants)
June 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...

Public meeting notices.(Public Notice)
June 1, 2004... Accounting Standards Executive Committee: July 20-21, Salt Lake City Auditing Standards Board: June 22-23, Washington, D.C. Professional Ethics Executive Committee: July 29-30, Portland, Ore.

Accounting and Review Services Committee issues new standards, interpretation.(accounting & auditing news)
June 1, 2004... The AICPA's Accounting and Review Services Committee has issued Statement on Standards for Accounting and Review Services No. 10, Performance of Review Engagements (No. 060663CPA06), and Statement on Standards for Accounting and Review Services...

Programs, practice aids developed for Auditing Governmental Financial Statements.(accounting & auditing news)
June 1, 2004... The AICPA has developed a comprehensive practice aid, Auditing Governmental Financial Statements: Programs and Other Practice Aids (No. 006602CPA06), that contains audit programs and other tools to help practitioners conduct their governmental...

Number of CPAs in Congress expected to grow to 5 this fall.(accounting & auditing news)(Certified Public Accountant)
June 1, 2004... If the 2004 fall elections go according to most expert prognostications, the number of CPAs holding a seat when the 109th Congress convenes in Jan. 2005 will grow from 4 to 5. While that may not seem significant when looking at the 100-member...

Happenings at April Board of Directors' meeting.(report)
June 1, 2004... Following are some of the more significant actions and events that took place at the AICPA Board of Directors meeting Apr. 1-2: * Ethics issues as they relate to outsourcing were discussed. Board members provided feedback to the chairs of...

DOL revises overtime pay requirements for employees.(regulatory matters)(Department of Labor)(Brief Article)
June 1, 2004... The U.S. Department of Labor recently issued final regulations to federal overtime pay requirements under the Fair Labor Standards Act. The "FairPay Overtime Initiative," which becomes effective on Aug. 23, 2004, was published in the Apr. 23,...

IRS holds webcast on upcoming changes in tax audits.(regulatory matters)(Internal Revenue Service)
June 1, 2004... New procedures for determining the scope of a tax audit, practitioner involvement and the increased role Internal Revenue Service managers will play in the entire examination process were covered in the IRS's Tax Talk Today Webcast on May 11....

Special feature: benefits of membership in the AICPA.(American Institute of Certified Public Accountants)
June 1, 2004... Throughout the year, the top agenda items for the Institute's leadership, staff and member committees include projects and programs that will benefit our members and the profession as a whole. Not only do we take an active role in shaping...

Chair's corner.(Americans not saving money to retire)
June 1, 2004... In 2002, 1.4 million families filed for bankruptcy. In 2003, the number rose to 1.6 million. Many Americans are not saving enough money to retire. Few would deny the existence of these difficulties and the fact that we must address them. But...

Additional opportunities to earn ABV credential announced.(Accredited in Business Valuation)
June 1, 2004... The Accredited in Business Valuation credential committee has announced that the ABV examination will be offered twice per year now, giving ABV credential candidates more flexibility in fulfilling this aspect of the credentialing process. ...

Center for Public Company Audit Firms discusses new Peer Review Program--Webcast archived.(member news)
June 1, 2004... A live Webcast sponsored by the AICPA Center for Public Company Audit Firms Peer Review Committee was held on Apr. 22. Members of the committee discussed the transition from the former SEC Practice Section Peer Review Program to the center's...

Financial training information available from new AICPA Web site.(member news)
June 1, 2004... AICPA training evolves continually to bring you and your staff a wide range of innovative and effective training opportunities designed to meet your organization's needs. To help members find group training that will accomplish their...

Insurance trust unveils enhanced Long-term Care Plan.(member news)(Brief Article)
June 1, 2004... The AICPA Life Insurance/Disability Plans Committee has introduced a new Long Term Care Plan for AICPA members and eligible family members. The new plan, with coverage issued by The Prudential Insurance Company of America, provides higher...

Disciplinary actions.
June 1, 2004... As a result 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 Joint Ethics Enforcement Program: * Todd Howard of...

The controller today: innovative tips and techniques for small businesses.(CPE news)
June 1, 2004... The Controller Today: Innovative Tips and Techniques for Small Businesses (No. 731980CPA06). CFOs, controllers and financial managers who want to add to their arsenal of sound management techniques, improve their managerial performance and...

FASB review for industry, 2004-2005 edition.(CPE news)
June 1, 2004... FASB Review for Industry, 2004-2005 Edition (No. 730119CPA06). Gain expertise from a high-level approach to financial reporting issues backed by detailed descriptions and examples of the implementation of new standards. Prerequisite: Experience...

The revised yellow book: government auditing standards.(CPE news)
June 1, 2004... The Revised Yellow Book: Government Auditing Standards (Text, No. 736113CPA06; VHS Videocourse, No. 187103CPA06). Study the details of the latest requirements for government audits. Prerequisite: Basic general audit knowledge and/or experience....

Auditing nonprofits: tips and traps.(CPE news)
June 1, 2004... Auditing Nonprofits: Tips and Traps (No. 731521CPA06). Auditing nonprofits is a challenge. Discover the techniques that lead to effective results while avoiding the traps. Prerequisite: General audit experience and knowledge of nonprofit...

Audit committee responsibilities after Sarbanes-Oxley.(CPE news)
June 1, 2004... Audit Committee Responsibilities After Sarbanes-Oxley (VHS, No. 181180CPA06; DVD, No. 181181CPA06). Audit committee best practices are shared by a panel of leading CPAs based on their own experiences in this new AICPA CPE videocourse....

Seminars.(CPE news)(Brief Article)
June 1, 2004... The AICPA offers top-quality seminars in the not-for-profit and governmental areas, providing the most up-to-date information on the hottest topics facing today's professional. In addition, the AICPA offers a wide variety of topics for all...

Valuation of Privately-Held-Company Equity Securities Issued as Compensation.(now available)
June 1, 2004... Valuation of Privately-Held-Company Equity Securities Issued as Compensation (No. 006617CPA06) identifies best practices for the valuation of and disclosures related to privately held company equity securities issued as compensation. The 200+...

Understanding and Implementing Privacy Services: a CPA Resource.(now available)
June 1, 2004... Understanding and Implementing Privacy Services: A CPA Resource (No. 056509CPA06) provides a base of knowledge on the subject matter of privacy as well as demonstrates the application of the AICPA/CICA Privacy Framework. In addition, numerous...

Understanding and Implementing Trust Services: a CPA Resource.(now available)(Certified public accountants)
June 1, 2004... Understanding and Implementing Trust Services (No. 056510CPA06) is a comprehensive guide containing complete text of Trust Services Principles and Criteria; guidance on providing advisory services according to the principles and criteria;...

AICPA broadens scope of financial planning education, assistance for consumers: pro bono services, web-based resources.
June 1, 2004... The AICPA and five of the country's leading financial planning groups have joined forces to reach out to sponsor the Project for Financial Independence, a pro bono financial planning effort offering free financial guidance to people who cannot...