CPA Letter articles from June 2006

CPA Letter archives from June 2006

AICPA Special Committee on Mobility created to address obstacles to interstate practice.(news update)
June 1, 2006... CPAs with clients across state lines can be assured the AICPA is diligently looking to reduce or eliminate barriers to practice. A new volunteer committee has been created to identify and address unnecessary burdens and requirements that do not...

Remember to renew your AICPA membership.
June 1, 2006... It is time to renew your AICPA membership for 2006-2007. Look for your AICPA annual dues statement via U.S. mail this month. For your convenience, you can pay your dues online at www.aicpa.org/about/ dues.htm. This method is the easiest way to...

Send in nominations for Individual, firm Public Service Awards.
June 1, 2006... The AICPA Individual and Firm Public Service Awards help recognize individual CPAs and firms who have distinguished themselves in the area of community service. Eligible candidates for the Public Service Awards are submitted by individual...

Learning to use XBRL to transform financial reporting and analysis.(extensible business reporting language )(Brief article)
June 1, 2006... Financial executives, financial analysts, portfolio managers and others are all invited to attend a free day-long conference on how XBRL, a standard in business information reporting, will transform the way financial executives and buy--and...

Promotional merchandise in accessories collection proudly sports "CPA" logo.
June 1, 2006... In addition to incorporating the "CPA" logo on business communications, members can professionally display the logo on gift and giveaway merchandise. Travel mugs, golf shirts, golf balls and visors are among the items offered. To view all the...

How to obtain permission to reprint CPA Letter articles.
June 1, 2006... Our authorized permissions agent, Copyright Clearance Center, can provide you with quick permission for the reproduction of articles from The CPA Letter. Submit a self-service permission request form via the Internet, which can be accessed...

Public meeting notices.(Calendar)
June 1, 2006... Accounting & Review Services Committee: Sept. 18-19, Chicago Auditing Standards Board: June 20-22, Boston Peer Review Board: July 31-Aug. 1, Atlanta Tax Executive Committee: June 19-20, Atlanta

Generation X knows to take control of their own retirement.(financial literacy)
June 1, 2006... Members of Generation X by and large understand that Social Security and pensions may evaporate by the time they leave the workforce and instead are looking to themselves to fund their retirement, suggests a recent poll conducted by Harris...

Baby Boomers more fearful of gas prices, medical costs than retirement.
June 1, 2006... In a Harris Interactive survey of 1,000 U.S. adults 18 and older during Mar., it was revealed that more Baby Boomers are concerned about gas prices and uninsured medical costs than about retirement and other long-term expenses. The results of...

AICPA: CPA executives believe companies cannot continue funding pensions to cover employees' retirement.
June 1, 2006... The vast majority of CPAs serving as corporate CEOs, CFOs, controllers and in other executive positions believe American companies cannot continue providing pensions that adequately cover their employees' retirement years, according to the...

GASB looking for feedback on accounting for derivatives by governments.
June 1, 2006... The Governmental Accounting Standards Board recently issued a Preliminary Views document that would improve the accounting and financial reporting of derivatives by state and local governments, according to the board. The proposal would...

AICPA issues four TPAs on FASB Interpretation No. 46(R).
June 1, 2006... On Apr. 26, the AICPA staff issued four new Technical Practice Aid questions and answers concerning issues related to FASB Interpretation No. 46(R), Consolidation of Variable Interest Entities. The TPAs can be viewed at www.aicpa.org/download/...

Chair's corner.
June 1, 2006... This month I want to talk about the AICPA's advocacy role in the tax area. The Institute represents us on issues that are important to CPAs and the general public. Through such efforts, we not only bring about meaningful changes, but also...

CITP credential blends accounting, technology to help grow your practice.
June 1, 2006... The Certified Information Technology Professional is a CPA credentialed as a technology professional and recognized for his or her unique ability to bridge the gaps between business and technology. This special credential, unlike other...

Special feature: making your AICPA membership work for you.(disciplinary actions)
June 1, 2006... Maximize the value of your AICPA membership. Whether gaining knowledge, improving skills, streamlining staff activities or saving money through discounts, it's important to know all the ways your membership can work for you. The AICPA provides...

Consider giving back to your profession for CPAs now and in the future.
June 1, 2006... As a member of the AICPA, you are likely well aware of the professional and advocacy activities of the AICPA. However, what you may not be aware of are the programs and services the AICPA offers its members and the profession through the AICPA...

Annual update for accountants and auditors, 2006-2007 edition.(CPE news)
June 1, 2006... Annual Update for Accountants and Auditors, 2006-2007 Edition (No. 730092CPA06). Keep abreast of the recently issued pronouncements, exposure drafts and consensus reports in the accounting, auditing, compilation and review arenas. Prerequisite:...

Religious and other faith-based nonprofits: management, tax, and accounting.(CPE news)
June 1, 2006... Religious and Other Faith-Based Nonprofits: Management, Tax, and Accounting (No. 733170CPA06). Gain an understanding of the unique characteristics and the impact on compliance with laws and regulations, and consistency and transparency of...

AICPA's annual update for controllers.(CPE news)
June 1, 2006... AICPA's Annual Update for Controllers (No. 731972CPA06). Get up to date on the latest trends in accounting, corporate finance, treasury management and business systems. Prerequisite: Experience in financial management of a medium or small...

International versus U.S. accounting: what in the world is the difference?(Brief article)
June 1, 2006... International Versus U.S. Accounting: What in the World is the Difference? (No. 731663CPA06). Explore the major differences between IFRS/IAS and U.S. GAAP, as well as the similarities, and the impact on the financial and reporting process....

LLC and partnership taxation: beyond the basics.(CPE news)
June 1, 2006... LLC and Partnership Taxation: Beyond the Basics (No. 731674CPA06). Learn to recognize the provisions necessary in an LLC or partnership agreement to sustain special allocations of income or loss. Prerequisite: Completion of Taxation of LLCs,...

Helping New Orleans' rebirth, AICPA holds healthcare conference in big easy.
June 1, 2006... As part of its ongoing commitment to help rebuild New Orleans, the AICPA decided to hold the National Healthcare Industry Conference in the city Nov. 2-3. Prior efforts supporting the people and businesses of New Orleans included matching AICPA...

Major changes to AICPA InfoBytes include new name, product upgrades.
June 1, 2006... On May 7, AICPA InfoBytes became CPExpress. The online learning library boasts a new user interface and enhanced functionality for a better user experience. But while the look and functionality have changed, the informative, practical content...

HUD updates accounting guidance for M2M restructured properties, issues new guidance on demo properties.(regulatory matters)
June 1, 2006... The Department of Housing and Urban Development Office of Affordable Housing Preservation issued the 2006 M2M Accounting Q&A's to property owners and accountants addressing issues, questions and problems unique to Mark-to-Market (M2M)...

OMB issues Circular A-133 2006 Compliance Supplement.
June 1, 2006... In Apr. 2006, the Office of Management and Budget issued the Circular A-133 2006 Compliance Supplement. The supplement, which is updated each year, identifies important compliance requirements that the federal government expects to be...

Happenings at Board of Directors' April meeting.
June 1, 2006... Following are some of the more significant actions and events that took place at the AICPA Board of Directors' meeting Apr. 20-21: * Board members were informed that the AICPA has become part of a new international group, the Global...

Several new PCPS events coming up this summer: online Practice Management Forums, emerging partner training forum.
June 1, 2006... PCPS has just rolled out its brand new online Practice Management Forums series. The series, free to PCPS members, will consist of live, interactive PowerPoint presentations from nationally known consultants to the profession. CPAs will not...