CPA Letter articles from November 2000

CPA Letter archives from November 2000

SEC Chairman Levitt Addresses Fall Council -- Focuses on Proposed Rule on Auditor Independence.(Securities and Exchange Commission)
November 1, 2000... In a speech to the AICPA governing Council at its Oct. meeting, SEC Chairman Arthur Levitt delivered a passionate message about the need for a meaningful partnership with the profession to find a solution to the commission's proposed rule on...

Highlights of Council's Fall Meeting.(Brief Article)
November 1, 2000... Among other actions at its meeting on Oct. 23-24, the AICPA governing Council: * Elected Kathy G. Eddy of West Virginia as chair of the AICPA Board of Directors for 2000-2001, and James G. Castellano of Missouri as vice chair. *...

Kathy G. Eddy Elected New AICPA Chair.(American Institute of Certified Public Accountants)(Brief Article)
November 1, 2000... Kathy G. Eddy of West Virginia was elected chair of the AICPA Board of Directors at the governing Council/Annual Members' Meeting last month in Las Vegas. The term of the appointment is from Oct. 2000 until Oct. 2001. Eddy, a shareholder...

Members Warned About Calls from "AICPA" Soliciting Information.(American Institute of Certified Public Accountants)(Brief Article)
November 1, 2000... The AICPA has learned that during the past several months, someone posing as a representative of the AICPA has been contacting accounting firms claiming to be updating a mailing list of the firm's employees. The Institute suspects this person...

Send Us Your E-Mail Address.(Brief Article)
November 1, 2000... 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...

Guide for Claiming Inventory Deductions Offered by NAEIR.(National Association for the Exchange of Industrial Resources)(Brief Article)
November 1, 2000... By donating unproductive inventory to charity, a business can earn a federal income tax deduction under Section 170 (e)(3) of the Internal Revenue Code. Examples of unproductive inventory include nonmoving stock, discontinued SKUs or slow...

CPA LetterSupplements Available.(Certified Public Accountants)
November 1, 2000... 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;...

New Publication Schedule for Education Supplement.(Brief Article)
November 1, 2000... To better conform to the academic year of members in academe, the AICPA has changed the months of publication of the CPA Letter supplement for members in education. Going forward, the supplement will be published in Sept., Nov., Feb./Mar., Apr....

Auditing Standards Board Issues Exposure Draft of Amendment to SAS No. 55.(Statement on Auditing Standards)(Brief Article)
November 1, 2000... The Auditing Standards Board has issued an exposure draft of a proposed statement on auditing standards titled Amendment to Statement on Auditing Standards No. 55, Consideration of Internal Control in a Financial Statement Audit, as Amended by...

Federation of Schools of Accountancy Announces Annual Meeting.(Brief Article)
November 1, 2000... The 2000 annual meeting of the Federation of Schools of Accountancy will take place at the Marriott Riverwalk Hotel in San Antonio, Texas, on Dec. 3-5. This meeting's program focuses on current issues impacting accounting educators. Plenary...

Committee and Task Force Members Wanted.(Brief Article)
November 1, 2000... Why should a member volunteer? Members benefit by staying at the forefront of their profession and often participate directly in shaping the policies and procedures that affect the profession and/or particular practice or industry area. Also,...

chair's corner.(Brief Article)
November 1, 2000... As the new Chair of the AICPA Board of Directors, I am looking forward to writing these columns to discuss issues and initiatives affecting our profession. It is an exciting time for us, a time of challenges from which wonderful opportunities...

Two AICPA Videos Win Awards.(American Institute of Certified Public Accountants)(Brief Article)
November 1, 2000... Two videos produced by the AICPA's in-house Multimedia Group have been recognized for Aurora Awards, an independent film and video competition for commercials, cable programming, documentaries, instructional and corporate videos. "Platinum...

Highlights of Board of Directors' September Meeting.(Brief Article)
November 1, 2000... Among other actions at its meeting on Sept. 14-15, the AICPA Board of Directors: * Heard an update on the proposed new global professional credential and approved language for a Council resolution for presentation to Council (The CPA...

disciplinary actions.(Brief Article)
November 1, 2000... 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:...

now available.(Brief Article)
November 1, 2000... 2000/2001 AICPA Audit Risk Alerts ($14.95 member, $20.95 non-member) NEW Alerts The ABCs of Independence (No. 022271 CPA11). A must-read basic primer on the fundamentals of independence. Whether you are unfamiliar with the standards...

National Advertising Schedule Announced; Most States Join AICPA in this Year's Image Enhancement Campaign.(American Institute of Certified Public Accountants)(Brief Article)
November 1, 2000... The AICPA kicked-off its fall schedule for this year's national advertising campaign with radio spots on Oct. 21 during major league baseball's World Series. As mentioned in last month's CPA Letter, the Institute is placing heavy emphasis on...

AICPA Annual Report Posted to Web Site.(American Institute of Certified Public Accountants)(Brief Article)
November 1, 2000... The AICPA's annual report for the fiscal year Aug. 1, 1999, through July 31, 2000, has been posted to our Web site in PDF format. Included in the report is a "Year in Brief" section, a letter to members from former AICPA Chair Robert K. Elliott...