CPA Letter articles from May 2001

CPA Letter archives from May 2001

New "Member Innovation Team" Created to Improve Effectiveness, Efficiency of Products, Services.(American Institute of Certified Public Accountants)(Brief Article)
May 1, 2001... Consistent with its ongoing mission to be the premier professional organization and its place as the national home for all CPAs, the AICPA has realigned a number of its service areas into a new structure called the Member Innovation Team. With...

Practice Guide on FTC Privacy and Disclosure Rules in Development.(Brief Article)
May 1, 2001... To help members comply with the new Federal Trade Commission regulations promulgated as a result of the Graham-Leach-Bliley Act (The CPA Letter, Feb./Mar.), a practice guide is being developed that will be available online later this month. The...

Journal of Accountancy Article Wins Award.(Brief Article)
May 1, 2001... An international panel of judges named a Journal of Accountancy article as the best article of all those submitted in the International Federation of Accountants Merit-2000 Competition, an annual compilation of distinguished articles on...

AICPA Seeks Graders for May CPA Exam.(Brief Article)
May 1, 2001... The AICPA is seeking CPAs to assist in grading the May 2001 Uniform CPA Examination. The grading period begins May 17 and continues for about six weeks. Graders must provide a minimum of three seven-hour days each week, and are compensated at a...

AICPA Holding Expert Roundtables in High Tech and Biotechnology/ Pharmaceutical Industries.(American Institute of Certified Public Accountants)(Brief Article)
May 1, 2001... Expert roundtables in two industries in which members and the public have a high stake--High Tech and Biotechnology/ Pharmaceutical--are being held to provide the AICPA with expert knowledge to help the Institute identify needs and...

"CPA" Logo Golf Balls, Shirts Help Promote the Profession.(Brief Article)
May 1, 2001... Members' use of the "CPA" logo on business and promotional material increases the visibility of the profession's designation and reinforces the messages of the national image-enhancement campaign. Among the gifts and giveaways available...

CPA Letter Supplements Available.(Brief Article)
May 1, 2001... To obtain any of the member-segment supplements produced this month with The CPA Letter: Dial 201/938-3787 from a fax machine and key in document nos.: large firms, 1550; medium firms, 1551; small firms, 1552; business & industry, 1553;...

Research Shows Significant Market Demand for XYZ.(Interpublic Group of Companies Inc.)(Brief Article)
May 1, 2001... A Premium Would Be Paid for Those Who Hold New Credential Research begun earlier this year to investigate potential market demand for the proposed new global business credential ("XYZ") demonstrated "astounding positive results" according...

Web Cast on E-Business Draws 400+ People.(Brief Article)
May 1, 2001... A recent Web cast focusing on e-privacy and e-security attracted more than 400 registrants. Through the Web cast sponsored by the AICPA and the Canadian Institute of Chartered Accountants, participants learned how CPAs have developed e-business...

Notable certification Authorities Awarded Seals.(Brief Article)
May 1, 2001... Some of the better known Certification Authorities to recently earn the WebTrust Seal for this market include VeriSign Inc., Entrust.net Inc., and Digital Signature Trust. All are global leaders in providing trust solutions and digital...

disciplinary actions.(Brief Article)
May 1, 2001... 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:...

chair's corner.(Brief Article)
May 1, 2001... This month I'd like to take you back in time to when you were considering becoming CPAs and thinking about how you would earn your place in the profession--taking the Uniform CPA Examination. Last month's CPA Letter featured an article about...

Auditing Standards Board to Issue Audit Documentation Exposure Draft.(Brief Article)
May 1, 2001... At its upcoming June meeting, the Auditing Standards Board will consider and is expected to approve for issuance an exposure draft entitled Audit Documentation. The exposure draft will include a proposed statement on auditing standards that...

Statement of Position 01-1 Issued by AcSEC.(Brief Article)
May 1, 2001... Statement of Position 01-1, Amendment to Scope of Statement of Position 95-2, Financial Reporting by Nonpublic Investment Partnerships, to Include Commodity Pools (No. 014927CPA05), has been issued. The SOP amends SOP 95-2 to include within its...

Study Published on Reform of Estate and Gift Tax System.(Brief Article)
May 1, 2001... With the future of the federal transfer tax system a hot policy and political issue for 2001, the AICPA Tax Division has completed a report entitled Study on Reform of the Estate and Gift Tax System. The study, whose purpose is to educate,...

AICPA's Generation-Skipping Transfer Tax Proposal Included in House-Passed Estate Tax Reform Bill.(Brief Article)
May 1, 2001... The estate tax repeal bill that the House of Representatives passed on Apr. 4 included the generation-skipping transfer tax proposal that the AICPA developed with the American Bar Association, the American Bankers Association and the American...

now available.(Brief Article)
May 1, 2001... Employee Benefit Plans Industry Developments--2001 Audit Risk Alert (No. 022267CPA05). Focusing on important issues requiring special audit considerations, the employee benefit plans ARA provides concise, relevant information about how recent...

Exposure Draft Issued on Modernized Independence Rules.(Brief Article)
May 1, 2001... In an effort to modernize the profession's rules on independence, the Professional Ethics Division last month issued an exposure draft containing proposed revisions to various interpretations and rulings under Rule 101--Independence. The...

CPA2Biz Fills Additional Senior Management Posts.
May 1, 2001... Three additional individuals have been selected to fill senior management positions at the profession's Internet portal (The CPA Letter, Apr.). Joining CPA2Biz are: Rick Telberg, Director of Online Content, who most recently was senior...