CPA Letter articles from May 2002

CPA Letter archives from May 2002

New XML-based standard now being used in financial statements. (technology).(XBRL International)(Brief Article)
May 1, 2002... XBRL International, a 140-member consortium of leading companies (including founding member AICPA, which started the XBRL movement) developing XML-based business reporting standards, has announced that more organizations are using its...

Student recruitment campaign wins two awards.(Brief Article)
May 1, 2002... The AICPA's "Start Here. Go Places." CPA student recruitment campaign won two notable industry awards recently. Presented to the "best of the best" in promotion marketing for a particular year, the "REGGIE" Awards are issued by the Promotion...

Send us your e-mail address, receive "AICPA News Update".
May 1, 2002... If you have not submitted your e-mail address to us or have changed it recently, send your e-mail address to memsat@aicpa.org. Indicate "e-mail address update" in the subject header field to help us process the submissions more efficiently. Be...

Change in product order billing policy for AICPA members.(Brief Article)
May 1, 2002... So that we may continue to provide high-quality customer service in the most efficient manner possible, as of June 1, 2002, payment by check or credit card will be the only accepted methods of payment for product orders totaling $300 or less....

Members may nominate Public Service Award recipients.(certified public accountants)(Brief Article)
May 1, 2002... Many individuals within the CPA profession demonstrate outstanding public service in their immediate communities as well as at the regional and national levels. Their efforts often have gone far beyond their careers and have contributed...

"CPA" logo golf balls, shirts help promote the profession.(certified public accountants)(Brief Article)
May 1, 2002... 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...

Practice Alert 2002-02 on Use of Specialists released.(public accountants, auditors)(Brief Article)
May 1, 2002... To assist auditors in understanding their responsibilities both with respect to the use of specialists who have been engaged or employed by the audit client and the use of specialists engaged or employed by the audit firm, the Professional...

CPA letter supplements available.(Brief Article)
May 1, 2002... To obtain any of the member-segment supplements produced this month with The CPA Letter: Dial 201/938-3787 from fax machine and key in document nos.: large firms, 1558; medium firms, 1559; small firms, 1560; business & industry, 1561;...

Public meeting notices.(Brief Article)
May 1, 2002... For detailed agendas, dial 201/938-3787 from a fax machine and key in document no. 1206 two weeks prior to these meetings. Accounting Standards Executive Committee: June 11-12, New York; July 25-26, Toronto, Ontario Auditing Standards...

An update on Enron fallout. (news update).(Brief Article)
May 1, 2002... In our continuing effort to keep members informed of developments resulting from the fallout of Enron Corporation's bankruptcy, we are providing the following report. Legislation With more than 40 legislative proposals being debated in...

AICPA Group of 100 seeks new members.(American Institute of Certified Public Accountants)(Brief Article)
May 1, 2002... 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...

Members offered airline, car rental discounts.(American Institute of Certified Public Accountants membership benefits)(Brief Article)
May 1, 2002... The AICPA has a special agreement with Carlson Wagonlit Travel--The Leaders Group, to assist you with travel arrangements (call 800/345-5540). If you prefer to make your own travel plans, mention the participating airline's reference number to...

Airline and car rental information.(Brief Article)
May 1, 2002... American Airlines: 800/433-1790, Index #9375 Continental Airlines: 800/468-7022, Reference Code #N46PR1 Delta Airlines: ...

Chair's corner.(message from American Institute of Certified Public Accountants board president James G. Castellano)(Brief Article)
May 1, 2002... When I assumed the position of Chair of the AICPA Board of Directors in Oct. 2001, none of us had an inkling that we'd soon be living in one of the most historic times for our profession. Recent large and highly publicized breakdowns in the...

Trust Services Task Force to issue exposure draft on SysTrust/WebTrust harmonization.(American Institute of Certified Public Accountants information services)(Brief Article)
May 1, 2002... Charged with continuing development of innovative products and services in systems assurance and reliability, the Trust Services Task Force is harmonizing the principles and criteria of SysTrust and WebTrust to create a uniform set of...

AICPA Board of Directors approves strategic plan for international activities.(American Institute of Certified Public Accountants)(Brief Article)
May 1, 2002... In Feb., the AICPA Board of Directors approved a strategic plan for AICPA international activities. It is the first and only such plan supported by the board. The strategic plan, developed by the AICPA's International Strategy Committee, is...

Venture to Hong Kong for 16th World Congress of Accountants.(November 18-21, 2002)(Brief Article)
May 1, 2002... The 16th World Congress of Accountants will be held in Hong Kong on Nov. 18-21. The World Congress, held every five years, is the largest international event for the accounting profession. Moreover, this is the first time that this prestigious...

Disciplinary actions.(American Institute of Certified Public Accountants)(Brief Article)
May 1, 2002... As a result of decisions by heating panels of the Joint Trial Board, the following members have had their AICPA memberships: --Terminated: * Michael T. Brigante of Hillsborough, N.J., effective Mar. 21,2002. --Admonished: *...

New Edition--Understanding Business Valuation, 2nd Edition. (now available).(American Institute of Certified Public Accountants)(Brief Article)
May 1, 2002... No. 056600CPA05), by Gary Trugman. The new, second edition of Understanding Business Valuation: A Practical Guide to Valuing Small to Medium-Sized Businesses takes up where the original left off in bringing real-world experience and...

New Standards, New Services: Implementing the Attestation Standards. (now available).(AICPA offers guide)(Brief Article)
May 1, 2002... (No. 006601CPA05). Attestation standards provide the guidelines for engagements that offer credibility on information other than historical financial information. In general, attestation engagements may be appropriate when the subject matter of...

Emergency business planning: are you prepared for disaster? (CPE news).(American Institute of Certified Public Accountants)(Brief Article)
May 1, 2002... Learn how you can effectively respond to emergencies that threaten to put you or your clients out of business. This new AICPA CPE self-study course is a step-by-step guide to ensuring business survival. It is based on industry standards and...

A CPA's Guide to Accounting, Auditing and Tax for Construction Contractors, 2nd Edition. (now available).(Brief Article)
May 1, 2002... (No. 091012CPA05). Here is the definitive resource--complete with information on the specialized requirements that affect contractors--that is perfect for CPAs in public practice and in the construction industry. Based on the AICPA's...

Updated--the CPA's Handbook of Fraud & Commercial Crime Prevention. (now available).(Kroll Worldwide offers fraud and security risk prevention strategies)(Brief Article)
May 1, 2002... (No. 056504CPA05). A valuable handbook designed to help you manage the risks of fraud, reduce your liability exposure and deal with security risks. It is a key tool for controllers responsible for identifying and responding to fraud in the...

Videocourses from popular webcasts: SFAS 141 and 142 implementation series. (CPE news).(Brief Article)(Statistical Data Included)
May 1, 2002... 1. SFAS 141 and 142: Auditing Requirements and Valuation Issues in Financial Reporting (No. 181140CPA05) 2. A Case Study of a Business Combination Under SFAS 141 (No. 181130CPA05) 3. A Case Study of Testing for Impairment Under SFAS...

AICPA instrumental in IRS decision to allow charities to acknowledge contributions by e-mail. (tax info).(Internal Revenue Service, Charitable Contributions--Substantiation and Disclosure Requirements)(Brief Article)
May 1, 2002... The AICPA Exempt Organization Taxation Technical Resource Panel was instrumental in obtaining Internal Revenue Service approval for charities to provide written acknowledgement of charitable contributions by e-mail (see newly released...

AICPA practitioners symposium. (conferences).
May 1, 2002... June 3-5, 2002, Las Vegas. Recommended CPE: Up to 33 credits. Address all your training needs in this high-quality and cost-effective symposium. Receive the technical and managerial expertise of partners, sole practitioners and shareholders of...

AICPA national not-for-profit industry conference. (conferences).
May 1, 2002... June 13-14, Washington, D.C. Recommended CPE: Up to 24 credits. One of the most popular AICPA events, this conference offers advanced and in-depth technical training on the key not-for-profit accounting, auditing, tax and management issues. It...