CPA Letter articles from October 2004

CPA Letter archives from October 2004

Governmental Audit Quality Center launches.(news update)
October 1, 2004... In keeping with the AICPA's commitment to help members achieve the highest professional standards in auditing, the third audit quality center for CPA firms has launched. The Governmental Audit Quality Center is a firm-based, voluntary...

Join in effort to improve financial literacy of America.
October 1, 2004... CPAs interested in improving Americans' financial knowledge now have a new Web site where they can register to get involved: the 360 Degrees of Financial Literacy volunteer database. It allows all CPAs--AICPA members as well as non-members--to...

Supply of accounting graduates increases; enrollment up 17% over three years.
October 1, 2004... Results of the 2002-2003 survey of colleges and universities to determine the supply of new accounting graduates show an increase in accounting graduates and an increase in accounting enrollment. Accounting enrollment for the three-year period...

Business and promotional merchandise in accessories collection proudly sport "CPA" logo.
October 1, 2004... Tens of thousands of members visibly display the "CPA" logo on their business cards, letterhead, promotional literature, signage, and even on lapel pins. In addition, many members use business gifts and giveaway merchandise which also...

Audit Committee Matching System enhancements announced.
October 1, 2004... Based on feedback from members who have used the AICPA's Audit Committee Matching System, the Web site has been enhanced. The major improvement is that members now can upload their resumes into the system and companies can search for audit...

AICPA/Accountemps Scholarship recipients announced.
October 1, 2004... The AICPA and Accountemps are proud to announce the recipients of the 2004-2005 AICPA/Accountemps Student Scholarship. Aaron Reddington (Indiana University) and Timothy Flannery (University of Minnesota) will each receive $2,500 to support...

Public meeting notices.(Calendar)
October 1, 2004... Accounting and Review Services Committee: Nov. 1-2, Nashville Accounting Standards Executive Committee: Oct. 26-27, New York Annual Members' Meeting/Council: Oct. 25-26, Orlando, Fla. Auditing Standards Board: Dec. 14-16, Orlando,...

Guidance available on complying with Ethics Interpretation 101-3 on providing nonattest services to attest clients.(accounting & auditing news)
October 1, 2004... Many resources are available to help members comply with Ethics Interpretation 101-3 on providing nonattest services to attest clients (www.aicpa.org/download/ethics/interp_revisions_Sept03.pdt). The new rules were issued in Sept. 2003 and...

Revised illustrative representation letter for review engagements issued.(accounting & auditing news)(Accounting and Review Services Committee)(Brief article)
October 1, 2004... The Accounting and Review Services Committee has issued a revised illustrative representation letter for review engagements. The illustrative representation letter has been revised to: * Clarify the dating of the representation letter. ...

Recipient of outstanding CPA in government announced.
October 1, 2004... Lawrence F. Alwin, Texas State Auditor, is the 2004 recipient of the AICPA's Outstanding CPA in Government Award. The award recognizes CPAs in government who have made significant contributions to the increased efficiency and effectiveness of...

Firms terminated from peer review program.(disciplinary actions)
October 1, 2004... Effective May 19, 2004, these firms were terminated from the AICPA peer review program for failure to cooperate with the AICPA Peer Review Board. Hearing panels deemed that the following firm(s): * Did not complete the corrective or...

CPAs come to aid of Florida hurricane victims.
October 1, 2004... Members of the Florida Institute of Certified Public Accountants, including Personal Financial Specialist credential holders in the state, are providing free phone consultation on a host of financial counseling services to victims of Hurricanes...

AICPA ... where to turn.
October 1, 2004... Address and employment information can be changed online through www.aicpa.org/about/dues.htm. Or, members can e-mail, mail or fax the information to the Member Service Center in New Jersey (see Member Service Center for additional services...

John L. Carey Scholarship winners.
October 1, 2004... The John L. Carey Scholarship program provides financial assistance to liberal arts degree holders pursuing graduate studies in accounting that will enable them to sit for the CPA Exam. The program provides these scholarships to encourage...

AICPA wins awards for educator web site, work/life video, student recruitment online game.
October 1, 2004... Several awards were bestowed upon the AICPA recently. The National Association of Colleges and Employers awarded the Academic and Career Development Team its 2004 Excellence Award in Educational Programming for its Educational Competency...

Seminars.(CPE news)
October 1, 2004... The AICPA provides a wide variety of tax courses to get you up-to-date on the latest tax information. In addition to the popular courses listed below, you can find a complete listing of our seminars by visiting...

AICPA's Federal Tax Update, by Biebl and Ranweiler, 2004-2005 Edition.(Self-Study Courses)(Brief article)
October 1, 2004... AICPA's Federal Tax Update, by Biebl and Ranweiler, 2004-2005 Edition (No. 731133CPA10). Effectively and confidently complete tax planning and compliance engagements with guidance from two of the nation's leading tax authorities. Prerequisite:...

AICPA's Corporate Income Tax Returns Workshop, by Kess, Biebl and Ranweiler, 2004.(Self-Study Courses)
October 1, 2004... AICPA's Corporate Income Tax Returns Workshop, by Kess, Biebl and Ranweiler, 2004 (No. 735199CPA10). A unique perspective on the latest tax changes. Prerequisite: Basic knowledge of corporate taxation. Recommended CPE Credit (based on a...

Individual Income Tax Returns Workshop, by Kess, Biebl and Ranweiler, 2004.(Self-Study Courses)
October 1, 2004... Individual Income Tax Returns Workshop, by Kess, Biebl and Ranweiler, 2004 (No. 735198CPA 10). A roundup of all the important tax changes and a wealth of tax-planning tips and strategies from nationally recognized tax experts. Prerequisite:...

AICPA's Tax Update for Controllers.(Self-Study Courses)
October 1, 2004... AICPA's Tax Update for Controllers (No. 732500CPA10). Designed to meet the unique needs of the controller, this tax update covers recent tax legislation, regulations, cases and rulings. Prerequisite: Working knowledge of business taxation....

Advanced Planning for LLC and Partnership Transactions.(Self-Study Courses)
October 1, 2004... Advanced Planning for LLC and Partnership Transactions (No. 731532CPA10). Effective planning to protect your LLC and partnership clients from potential tax traps. Prerequisite: Completion of LLC and Partnership Taxation: Beyond the Basics or...

AICPA comments on Revenue Procedures 2004-23 and 2004-43.(tax info)
October 1, 2004... The AICPA recently issued comments regarding Revenue Procedure 2004-23 on Methods of Accounting and Rev. Proc. 2004-43 on Property Distributions. In its letter to the Internal Revenue Service with respect to Rev. Proc. 2004-23, the AICPA...

IRS Tax Talk Today program reminds taxpayers, practitioners of right to appeal.(tax info)
October 1, 2004... In a Web cast on Sept. 14, appeals officers from the Internal Revenue Service alerted practitioners to factors being considered by the Appeals Division. It also provided information that would help practitioners and their clients prepare more...