CPA Letter articles from November 2001

CPA Letter archives from November 2001

Council votes overwhelmingly to support global credential.(American Institute of Certified Public Accountants members asked to adopt proposal)(Brief Article)
November 1, 2001... Board of Directors Asks AICPA Members to Adopt Proposal At the governing Council's much-anticipated meeting last month where it could decide to continue or halt efforts on the proposed new global credential, the Council overwhelmingly...

James G. Castellano becomes new AICPA chair of the board.(American Institute of Certified Public Accountants)(Brief Article)
November 1, 2001... James G. Castellano is the new chair of the AICPA Board of Directors. His term, which became effective at the fall governing Council meeting, will expire in Oct. 2002. Castellano is the managing partner of Rubin, Brown, Gornstein & Co. LLP, a...

Certified information technology professional exam offered.
November 1, 2001... Members interested in pursuing the Certified Information Technology Professional designation who need to take the CITP exam can sign up for the next exam, being offered now until Dec. 15. The exam will be given at Prometric Testing Centers...

Send us your e-mail address.
November 1, 2001... The events of Sept. 11 call to mind the value of having members' e-mail addresses. The AICPA was able to notify those members quickly about assistance and information in response to the crisis and to begin profession-wide efforts to help...

Member segment supplements not published this month.
November 1, 2001... To devote resources to a special insert this month on disaster relief efforts and information, The CPA Letter did not produce the regularly scheduled member-segment supplements. Publication of these specialized sections (for large, medium or...

Department of Commerce looking for CPAs.
November 1, 2001... The Import Administration of the U.S. Department of Commerce is searching for CPAs with two or more years of public accounting experience to perform cost of production investigations of foreign manufacturers. Knowledge of GAAP, GAAS and...

Public meeting notices.
November 1, 2001... For detailed agendas, dial 201/938-3787 from a fax machine and key in document no. 1206 two weeks prior to these meetings. Accounting & Review Services Committee: Nov. 29-30, Washington, D.C. Accounting Standards Executive Committee:...

"XYZ" jettisoned for final name; recent survey of members shows majority support credential concept.(International Institute of Strategic Business Professionals credential)(Brief Article)(Panel Discussion)
November 1, 2001... A final name has been selected for the proposed global business credential. The International Institute of Strategic Business Professionals (IISBP) was created through an extensive process with input from many important constituencies and...

AICPA Annual Report for 2000-2001 posted to web site.
November 1, 2001... The AICPA's annual report for the fiscal year Aug. 1, 2000, through July 31, 2001, has been posted to our Web site in PDF format. Included in the report is: * A "Year in Brief" section highlighting some of the more significant developments...

Chair's corner.(American Institute of Certified Public Accountants Board of Directors)(Brief Article)
November 1, 2001... What a great honor it is to serve our profession as chair of the AICPA Board of Directors. Serving in this role is an awesome privilege and an awesome responsibility. It is a privilege to lead this profession with such a rich history, and a...

Disciplinary actions.(alleged violations of the American Institute of Certified Public Accountants)(or state certified public accountants societies)(Brief Article)
November 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:...

Focus on AICPA, profession's disaster relief efforts. (Special Feature).(American Institute of Certified Public Accountants)(Brief Article)
November 1, 2001... Sept. 11 will always be remembered for the terrorist attacks that shook all America. First and foremost there was horrendous loss of life. The devastation at the World Trade Center is unfathomable; photographs of the destruction at the Pentagon...

FASB issues statement on accounting for impairment or disposal of long-lived assets. (accounting & auditing news).(Financial Accounting Standards Board)(Brief Article)
November 1, 2001... Statement No. 144, Accounting for the Impairment or Disposal of Long-Lived Assets, which replaces FASB Statement No. 121, Accounting for the Impairment of Long-Lived Assets and for Long-Lived Assets to Be Disposed Of, has been issued by the...

FASB produces video on importance of quality financial reporting, leading financial authorities discuss key issues. (accounting & auditing news).(Financial Accounting Standards Board)(Brief Article)
November 1, 2001... To help educate the public about why high-quality financial reporting is so important to investors and the efficiency of the financial markets, the Financial Accounting Standards Board produced a video program called "Financially Correct."...

AITF issues new auditing interpretation related to SFAS No. 140. (accounting & auditing news).(Financial Accounting Standards Board)(Brief Article)
November 1, 2001... An auditing interpretation, "The Use of Legal Interpretations As Evidential Matter to Support Management's Assertion That a Transfer of Financial Assets Has Met the Isolation Criterion in Paragraph 9(a) of Financial Accounting Standards Board...

Academicians, firms play integral role in computerization of CPA exam. (accounting & auditing news).(certified public accountants)(Brief Article)
November 1, 2001... To help ensure the smooth transition of the Uniform CPA Examination from a paper-and-pencil exam to a computer-based one, the AICPA/NASBA Computerization Implementation Committee (CIC) is seeking colleges, universities and CPA firms willing to...

Now available.(accounting trends and techniques educational material)(Brief Article)
November 1, 2001... New Edition--Accounting Trends & Techniques (No. 009893CPA11) has provided up-to-date financial statements and auditors' reports that professionals have used as guidance for improving their reporting performance. Accounting Trends & Techniques...

New--small business valuation case study. (CPE news).(Brief Article)
November 1, 2001... (No. 730390GMCPA11) trains you to apply tools and techniques in small business valuations. This capstone case study will serve to hone your skills, discussing data gathering, report writing and methods of analysis involved throughout the...

Government's money laundering strategy focuses on role of accountants and other professionals; legislation pending. (news update).(Brief Article)
November 1, 2001... The Bush Administration recently released its 2001 strategy for combating money laundering in a report required to be submitted to Congress annually (www.treas.gov/press/releases/ po625.htm). As in prior strategy reports, the Bush report...

Highlights of Board of Directors' recent meeting.(American Institute of Certified Public Accountants Oct. 4-5, 2002 meeting minutes)(Brief Article)
November 1, 2001... Due to the Sept. 11 terrorist attacks, the AICPA Board of Directors' meeting scheduled for Sept. 13-14 was postponed until Oct. 4-5. Among other actions at its meeting, the board: * Was briefed on the AICPA's disaster relief efforts in...