CPA Letter articles from November 2002

CPA Letter archives from November 2002

New fraud audit standard will help auditors uncover fraud; cornerstone of comprehensive anti-fraud program.
November 1, 2002... A new fraud audit standard recently approved by the Auditing Standard Board officially launches the AICPA's anti-fraud program designed to rebuild investor confidence in our capital markets and re-establish audited financial statements as a...

William F. Ezzell becomes new AICPA chairman of the board.
November 1, 2002... William F. Ezzell is the new chairman of the AICPA Board of Directors. His term, which became effective at the fall governing Council meeting, will expire in Oct. 2003. Ezzell is a partner in the Washington, D.C., office of Deloitte & Touche...

AICPA fully committed to working with new public company accounting oversight board.
November 1, 2002... At press time, the Securities and Exchange Commission was close to naming the head of the new Public Company Accounting Oversight Board, established by the Sarbanes-Oxley Act of 2002, as well as its other four members. The AICPA has stated that...

AICPA represented on panel to judge American Business Awards for 2003.
November 1, 2002... AICPA President and CEO Barry Melancon is a member of the Board of Distinguished Judges & Advisors for the 2003 American Business Awards, which has been called "the business world's own Oscar awards." Other judges on the panel include Donald...

Call for nominations for AICPA distinguished Achievement in Accounting Education Award.
November 1, 2002... State CPA societies and individuals are invited to nominate accounting educators for the 2003 AICPA Distinguished Achievement in Accounting Education. This award is designed to recognize full-time college accounting educators distinguished for...

How to request copyright permission from the AICPA.
November 1, 2002... Members and others who wish to reproduce content from any AICPA publication (or Web site) must first obtain copyright permission from the Institute. The most expeditious way to do so is through our Web site (www.aicpa.org). Click on the...

CPA letter supplements available.
November 1, 2002... To obtain any of the public accounting, business and industry, internal audit, government or education member-segment supplements produced this month with The CPA Letter, visit: * www.aicpa.org/pubs/cpaltr/index.htm

Public meeting notices.
November 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: Dec. 5-6, Las Vegas Auditing Standards Board: Dec. 17-19, Tempe, Ariz.

Get AICPA e-mail customized fit your needs: update your profile on aicpa.org. (AICPA).
November 1, 2002... During this time of unprecedented change for the profession, the need for updated, accurate information is at an all-time high. Legislative and regulatory changes are unfolding rapidly and have broad implications for CPAs. Members have...

IRS releases final Circular 230 regulation amendments; tax-shelter related amendments to be issued later. (tax info).
November 1, 2002... The Internal Revenue Service has published final regulations regarding amendments to Circular 230 involving non-tax-shelter related practice before the IRS. The IRS is expected to re-propose (over the next few months) amendments to Circular 230...

Chair's corner.
November 1, 2002... It is with a great sense of commitment that I took the reigns as chairman of the AICPA Board of Directors last month. I look forward to serving this wonderful profession and providing the stewardship needed to face the challenges--and...

State CPA societies to run print ads intended to help restore investor confidence. (AICPA).
November 1, 2002... As a follow-up to the successful "Each Day, Every Day" print ad that the AICPA and state CPA societies ran last spring, three new print ads have been developed and distributed to the states for their use in local media. States may choose to run...

Members say CPA Letter is useful, valuable! (AICPA).
November 1, 2002... New readership survey shows 91% of respondents give publication high marks Results from The CPA Letter's sixth readership survey show the newsletter continues to be a valuable communications vehicle serving members' information needs. In...

FASB issues statement on acquisitions of financial institutions, exposure draft on accounting for stock options. (accounting & auditing news).
November 1, 2002... Last month the Financial Accounting Standards Board issued FASB Statement No. 147, Acquisitions of Certain Financial Institutions. That statement, which provides guidance on the accounting for the acquisition of a financial institution, applies...

Disciplinary actions. (AICPA).
November 1, 2002... 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:...

AICPA annual report for 2001-2002 posted to web site. (AICPA).
November 1, 2002... The AICPA's annual report for the fiscal year Aug. 1, 2001, through July 31, 2002, has been posted to our Web site in PDF format (www.aicpa.org/about/annrpt/homepage.htm). With a focus on how CPAs throughout all areas of the profession uphold...

Highlights of board of directors' September meeting. (AICPA).
November 1, 2002... Following are some of the more significant actions and events that took place at the AICPA Board of Directors' meeting Sept. 12-13: * AICPA President & CEO Barry C. Melancon briefed the board on the general feedback received regarding his...

Companies now paying more attention to customer service, productivity; less focus on employee turnover. (AICPA).
November 1, 2002... Forty-six financial executives and managers attending this summer's AICPA Performance Management Conference were asked if they are still measuring the same company performance factors they were a year ago. Surprisingly, dramatic shifts...

AICPA CPE seminars. (CPE news).
November 1, 2002... Contact your participating state society about these AICPA seminars and ask for your $30 AICPA member discount. For dates and locations, call 888/777-7077 or visit www.aicpa.org/promotions/cpefavorites.htm. Cash and Tax Basis Financial...

Self study courses. (CPE news).
November 1, 2002... 2002 Corporate Tax Returns Videocourse (No. 112600CPA11). Presenter Sidney Kess leads a team of tax authorities in reviewing major tax developments affecting 1120 and 1120S return preparation for 2002 and provides planning strategies,...

Materials on fraud prevention and detection. (AICPA).
November 1, 2002... * SAS No. 99: Consideration of Fraud in a Financial Statement Audit (No. 060701CPA11). Price: $13.60 member/$17 non-member. Available Nov. 29. * Fraud Detection in a GAAS Audit--An Auditor's Field Guide (No. 006613CPA11). Provides detailed...