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CPA Letter articles from April 2005

4,382 total articles

A professional newsletter reporting news and information of particular interest to certified public accountants (CPA). This is the official newsletter of the American Institute of Certified Public Accountants (AICPA). It reports on the meetings and activi

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CPA Letter back issues from April 2005:

Task force recommends pursuing changes in GAAP for private companies.

Apr 01, 2005 ... After conducting extensive research to ensure the opinions of all constituents were heard, the Private Company Financial Reporting Task Force has unanimously recommended that a process be established to evaluate potential changes to generally accepted accounting principles to improve the ...

Business and promotional merchandise in accessories collection proudly sport "CPA" logo.

Apr 01, 2005 ... 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 tastefully feature the "CPA" logo. The items available ...

Members encouraged to answer online poll on electronic CPA Letter.

Apr 01, 2005 ... In 2003, the AICPA revised the format and frequency of The CPA Letter to improve member communications. We began publishing the newsletter 12 times a year instead of 10, and put the full text online instead of an abbreviated issue. Six of the issues are published exclusively in electronic ...

Report of nominations committee to be available.

Apr 01, 2005 ... The full "Report of the Nominations Committee" will be available online (www.aicpa.org/info/committees/2005nominat.asp) in Apr. If the AICPA has ...

AICPA volunteer vacancies--applications due May 1.

Apr 01, 2005 ... There are currently 83 AICPA volunteer groups (committees, boards, panels and centers) that are seeking new volunteers. The number and variety of AICPA volunteer groups continues to change from year to year, and those who have not visited the volunteer Web site for a while may notice many ...

CPAs needed to write, review parts of CPA exam.

Apr 01, 2005 ... The AICPA Examinations Team is seeking CPA volunteers to help write and review auditing simulations (case studies) as well as written communication prompts for the CPA Examination. Volunteers for the auditing simulation assignments ...

Public meeting notices.(Calendar)

Apr 01, 2005 ... Accounting and Review Services Committee: June 27-28, New York Accounting Standards Executive Committee: Apr. 19-20, New York Auditing Standards Board: Apr ....

Nonattest services rule revised based on member feedback.(Professional Ethics Executive Committee members)

Apr 01, 2005 ... Revisions to Interpretation 101-3--Performance of Nonattest Services recently were adopted to provide clarification on the applicability and intent of the rule and ensure its continued effectiveness in promoting independence when a member renders nonattest services to an attest client. The ...

Exposure drafts issued; auditor alert on Medicare/Medicaid cost reports.

Apr 01, 2005 ... The Auditing Standards Board has released for: exposure a proposed auditing standard and a proposed attestation standard to define the terminology the ASB will use in describing the degrees of responsibility that professional requirements impose on the auditor or: the practitioner, ...

State CPA societies enthusiastically participate in Financial Literacy efforts.

Apr 01, 2005 ... State CPA societies jumped right into the profession's nationwide 360 Degrees of Financial Literacy initiative with their own supporting efforts. An unprecedented 81% of the societies have developed new programs or enhanced related efforts, and 87% publish the Institute's "Money ...

AICPA releases Social Security study to lawmakers, media.

Apr 01, 2005 ... As reported in the Feb. CPA Letter, the AICPA has updated its 1998 study on Social Security to reflect current issues. The new report, Understanding Social Security Reform: The Issues and Alternatives, was distributed last month to members of Congress and other policymakers, as well as to ...

Chair's corner.

Apr 01, 2005; ... In my first CPA Letter column back in Nov. 2004, I mentioned how important it is for our professional body, the AICPA, to be in regular contact with the many regulators and quasi-regulators who have an interest in how we carry out our public interest role. In Feb., AICPA President and CEO ...

Web site for Employee Benefit Plan Audit Quality Center enhanced.(disciplinary actions)

Apr 01, 2005 ... The AICPA Employee Benefit Plan Audit Quality Center, a firm-based, voluntary membership center designed to promote the importance of quality audits of employee benefit plans, recently launched an enhanced Web site (www.aicpa.org/EBPAQC) for members and others interested in auditing ...

Information security: Critical Guidance for CPAs in Public Practice and Industry.(CPE news)

Apr 01, 2005 ... Information security: Critical Guidance for CPAs in Public Practice and Industry (No. 732450CPA04). Find out about security risks for systems developed with new technology and the controls required to secure these systems. Obtain the guidance you will need to evaluate ...

Internal Control and IT: Reliable Reporting and Fraud Prevention.(CPE news)

Apr 01, 2005 ... Internal Control and IT: Reliable Reporting and Fraud Prevention (No. 732550CPA04). Build your information systems confidence with this overview of the key auditing standards, con ceptual frameworks, IT infrastructures and auditing issues you are ...

Compilation and Review Risk Alert Strategic Briefing.(CPE news)(Brief article)

Apr 01, 2005 ... Compilation and Review Risk Alert Strategic Briefing (No. 780024hsCPA04). Current issues affecting your compilation and review engagements are covered in this new CD-ROM self-study ...

Adviser's guide to Tax Planning Strategies for Retirement Savings.(now available)

Apr 01, 2005 ... Adviser's Guide to Tax Planning Strategies for Retirement Savings (No. 091017CPA04). Learn to determine your client's financial needs in retirement and calculate the annual retirement savings necessary to meet those future needs. Derived from the best-selling CPE self-study course, Super ...

XBRL momentum continues to build.(eXtensible Business Reporting Language)(Brief article)

Apr 01, 2005 ... On Mar. 16, the Securities and Exchange Commission's final rule for the eXtensible Business Reporting Language (XBRL) went into effect (www.sec.gov/rules/final/33-8529.htm). The voluntary program is intended to help the SEC evaluate the usefulness of data tagging and XBRL to registrants, ...

Happenings at Board of Directors' February meeting.(American Institute of Certified Public Accountants)

Apr 01, 2005 ... Following are some of the more significant actions and events that took place at the AICPA Board of Directors' meeting Feb. 10-11 : * A report recommending changes to private company financial reporting was presented and discussed (see page 1). (The recommendations, based on an ...

Business and Promotional Merchandise in Accessories Collection Proudly Sport "CPA" Logo

Apr 01, 2005; ... news briefs 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 tastefully feature the "CPA" logo. The ...

Report of Nominations Committee to Be Available

Apr 01, 2005; ... The full "Report of the Nominations Committee" will be available online (www.aicpa.org/info/committees/2005nominat.asp) in Apr. If the AICPA has ...

Task Force Recommends Pursuing Changes in GAAP for Private Companies

Apr 01, 2005; ... After conducting extensive research to ensure the opinions of all constituents were heard, the Private Company Financial Reporting Task Force has unanimously recommended that a process be established to evaluate potential changes to generally accepted accounting principles to improve the ...

CPAs Needed to Write, Review Parts of CPA Exam

Apr 01, 2005; ... The AICPA Examinations Team is seeking CPA volunteers to help write and review auditing simulations (case studies) as well as written communication prompts for the CPA Examination. Volunteers for the auditing simulation assignments ...

Members Encouraged to Answer Online Poll on Electronic CPA Letter

Apr 01, 2005; ... In 2003, the AICPA revised the format and frequency of The CPA Letter to improve member communications. We began publishing the newsletter 12 times a year instead of 10, and put the full text online instead of an abbreviated issue. Six of the issues are published exclusively in electronic ...

CPA Letter Supplements Available

Apr 01, 2005; ... To obtain the public accounting, business and industry, government or education member-segment ...

How to Obtain Permission to Reprint CPA Letter Articles

Apr 01, 2005; ... Be advised that our authorized permissions agent, Copyright Clearance Center, can provide you with quick permission for the reproduction of articles from The CPA Letter. The CCC will always advise you of the required permission fee before accepting your order. The CCC permission ...

AICPA Volunteer Vacancies - Applications Due May 1

Apr 01, 2005; ... There are currently 83 AICPA volunteer groups (committees, boards, panels and centers) that are seeking new volunteers. The number and variety of AICPA volunteer groups continues to change from year to year, and those who have not visited the volunteer Web site for a while may notice many new ...

State CPA Societies Enthusiastically Participate in Financial Literacy Efforts

Apr 01, 2005; ... State CPA societies jumped right into the profession's nationwide 360 Degrees of Financial Literacy initiative with their own supporting efforts. An unprecedented 81% of the societies have developed new programs or enhanced related efforts, and 87% publish the Institute's "Money Management" ...

chair's corner

Apr 01, 2005; ... In my first CPA Letter column back in Nov. 2004, I mentioned how important it is for our professional body, the AICPA, to be in regular contact with the many regulators and quasi-regulators who have an interest in how we carry out our public interest role. In Feb., AICPA President and CEO Barry ...

PUBLIC MEETING NOTICES

Apr 01, 2005; ... Accounting and Review Services Committee: June 27-28, New York Accounting Standards Executive Committee: Apr. 19-20, New York Auditing Standards Board: Apr. 26-28, ...

disciplinary actions

Apr 01, 2005; ... As a result of an investigation of alleged violations of the Code of Professional Conduct of the AICPA, the following ethics case has been resolved by settlement agreement under the Joint Ethics Enforcement Program: * Brad W. Constantine of Roseville, Calif, suspended from membership in ...

Nonattest Services Rule Revised Based on Member Feedback

Apr 01, 2005; ... Revisions to Interpretation 101-3 Performance of Nonattest Services recently were adopted to provide clarification on the applicability and intent of the rule and ensure its continued effectiveness in promoting independence when a member renders nonattest services to an attest client. The ...

now available

Apr 01, 2005; ... Adviser's Guide to Tax Planning Strategies for Retirement Savings (No. 091017CPA04). Learn to determine your client's financial needs in retirement and calculate the annual retirement savings necessary to meet those future needs. Derived from the best-selling CPE self-study course, Super Tax ...

AICPA Releases Social Security Study to Lawmakers, Media

Apr 01, 2005; ... As reported in the Feb. CPA Letter, the AICPA has updated its 1998 study on Social Security to reflect current issues. The new report, Understanding Social Security Reform: The Issues and Alternatives, was distributed last month to members of Congress and other policymakers, as well as to ...

Web Site for Employee Benefit Plan Audit Quality Center Enhanced

Apr 01, 2005; ... The AICPA Employee Benefit Plan Audit Quality Center, a firmbased, voluntary membership center designed to promote the importance of quality audits of employee benefit plans, recently launched an enhanced Web site (www.aicpa.org/EBPAQC) for members and others interested in auditing employee ...

Happenings at Board of Directors' February Meeting

Apr 01, 2005; ... Following are some of the more significant actions and events that took place at the AICPA Board of Directors' meeting Feb. 10-11 : * A report recommending changes to private company financial reporting was presented and discussed (see page 1). (The recommendations, based on an extensive ...

CPE news

Apr 01, 2005; ... Information security: Critical Guidance for CPAs in Public Practice and Industry (No. 732450CPA04). Find out about security risks for systems developed with new technology and the controls required to secure these systems. Obtain the guidance you will need to evaluate controls for an independent ...

XBRL Momentum Continues to Build

Apr 01, 2005; ... On Mar. 16, the Securities and Exchange Commission's final rule for the extensible Business Reporting Language (XBRL) went into effect (www.sec.gov/rules/fmal/33-8529.htm). The voluntary program is intended to help the SEC evaluate the usefulness of data tagging and XBRL to registrants, ...