CPA Letter - Articles

3,947 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

Recently added articles from CPA Letter:

AICPA Launches New Member Benefit: "CPA Letter Daily" E-Newsletter Starts this Month

Sep 01, 2008; Anonymous ... news update Since 1973, The CPA Letter has been keep- ing members informed of important news and developments at the AICPA and in the profession. Readership surveys begun in 1991 have showed members' information needs evolving along with the ever-changing business landscape. Most ...

Accounting Doctoral Scholars Program Announced to Boost Ph.D. Faculty

Sep 01, 2008; Anonymous ... In late July, the CPA profession an- nounced that an Accounting Doctor- al Scholars program has been created to help reverse a shortage of Ph.D. accounting faculty in U.S. colleges and universities. More than 70 of the country's largest accounting firms and several state CPA societies have ...

IFRS Backgrounder Appears in this Month's Journal of Accountancy

Sep 01, 2008; Anonymous ... International Financial Reporting Standards (IFRS) have been growing in acceptance and use around the world. In fact, in late 2007 the Securities and Exchange Commission announced it would allow foreign public companies filing in the U.S. to use LFRS, as promulgated by the International ...

XBRL 18th International Conference Takes Place Next Month

Sep 01, 2008; Anonymous ... The annual XBRL International Conference will be held Oct. 15-16 in Washington, D.C. Securities and Exchange Commission Chairman Christopher Cox is the keynote speaker and an exclusive training session will show attendees how to create XBRLformatted financial statements. The conference ...

PUBLIC MEETING NOTICES

Sep 01, 2008; Anonymous ... Accounting Standards Executive Committee: Sept. 23-24, N.Y. Annual Members' ...

Recommendations on Financial Reporting Improvements Given to SEC

Sep 01, 2008; Anonymous ... The Securities and Exchange Commission's Advisory Committee on Improvements to Financial Reporting (CIFiR) provided the SEC with its final report on July 31, 2008. CIFiR was formed in June 2007 to examine the U.S. financial reporting system with the goals of reducing unnecessary complexity and ...

CPA Letter Readership Survey Results Trigger Changes to Address Members' Information Needs

Sep 01, 2008; Anonymous ... Listening to readers is critical to maintaining the value of a publication. In response to the results of a CPA Letter survey conducted late this spring, several enhancements are under way. Most notably, fully 80% of the respondents supported an online newsletter, 75% of whom said they ...

AICPA Supports SEC Proposed Roadmap for Transitioning to IFRS for Public Companies

Sep 01, 2008; Anonymous ... On Aug. 27, the Securities and Exchange Commission unanimously approved releas- ing a proposed roadmap that would lay out a timeline and milestones for continuing U.S. progress toward acceptance of International Finan- cial Reporting Standards for public companies. The long-anticipated proposal, ...

Highlights of Board of Directors' July Meeting

Sep 01, 2008; Anonymous ... The following are some of the more significant actions and events that took place at the AICPA Board of Directors' meeting July 17-18: * Chairman of the Board of Directors, Randy Fletchall, reported on the activities of the Securities and Exchange Commission's Advisory Committee on ...

Getting Ready for IFRS

Sep 01, 2008; Anonymous ... The AICPA offers several training resources and seminars to help members get a better understanding of and prepare for IFRS. For details on these and other courses and conferences, go to www.IFRS.com ("training"). * An 8-hour CPE course, "International Versus U.S. Accounting: What in the ...

Center for Audit Quality Survey: Investor Confidence in U.S. Capital Markets Declines

Sep 01, 2008; Anonymous ... Although investors are less confident in the U.S. capital markets than they were a year ago, 70% or more continue to voice confidence in the markets and U.S. companies in general, as well as in audited financial statements, according to the second annual survey of investors from the Center for ...

AICPA Submits Comments to Treasury, IRS on Tax Return Preparer Penalties

Sep 01, 2008; Anonymous ... The AICPA last month sent a letter to the Treasury Department and the Internal Revenue Service regarding proposed regulations for tax return preparer penalties that changed as a result of a law passed in May 2007 (the same law that imposed the "more likely than not" provision for tax positions ...

chair's corner

Sep 01, 2008; Fletchall, Randy ... As my year as chairman of the AICPA draws to a close, it seems instinctive for me to reflect on this past year's activities and events of significance to members. Not unlike other years in the recent past, many such developments have occurred. I have written about several of them in my columns ...

Use of Net Asset Value in Determining Fair Value of Fund-of-Fund Investments

Sep 01, 2008; Anonymous ... In 2007, the Financial Accounting Standards Board formed a valuation resource group (VRG) to provide the board with input on potential clarifying guidance on issues relating to the application of the principles of FASB Statement No. 157, Fair Value Measurements, to fair value information ...

HUD Releases Revisions to Chapters 3 and 4 of Consolidated Audit Guide

Sep 01, 2008; Anonymous ... In July 2008, the U.S. Department of Hous- ing and Urban Development (HUD; www. hud.gov) issued its long-awaited revisions to Chapter 3 - HUD Multifamily Housing Programs and Chapter 4 - HUD Multifamily Hospital Program of the Consolidated Au- dit Guide for Audits of HUD Programs (the Guide) ....

AICPA Launches New CPE "On-Demand" Format for Single Courses

Sep 01, 2008; Anonymous ... Members can now get immediate online access to a broad range of individual courses and hot-topic Webcast and conference recordings - all offering CPE credit - with the new On-Demand format. Online access to course content and materials is immediate upon completion of the purchase ...

CPE news

Sep 01, 2008; Anonymous ... Buying and Selling Businesses: The CPA's Role. (Text, 73 3750; DVD/Manual, 1 83750). Become the key adviser to your clients or employer in buying or selling a business. This new self-study course will help you understand deal fac- tors and become familiar with due diligence procedures and ...