Education & Careers news December 2008

Education & Careers

Preview of the CPA exam of the future

The American Institute of Certified Public Accountants' (AICPA) Board of Examiners (the Board) has approved CBT-e, a multi-year project for Uniform CPA Examination improvements, and work is currently underway in content-related, operational, psychometric, and system areas toward the CPA exam of the future. Specific improvements proposals were reviewed and commented on by state boards of accountancy, academic programs, accounting firms, and CPAs working in public accounting and based on these comments, the Board of Examiners approved work on five proposals.
Education & Careers

Additional education tax credits available for some students

For certain students and the parents of certain students, there could be additional tax relief available on their 2008 tax return in connection with tuition paid by December 31, 2008. On October 3rd, the Emergency Economic Stabilization Act was signed into law, and that law included a two-year extension for two education tax breaks, the Hope Credit and the Lifetime Learning Credit.
Education & Careers

AICPA improves CPE online grading site

The AICPA has announced major improvements to its Online Grading Web site for CPE self-study courses. The upgrade of the AICPA CPE Online Grading site was done in collaboration with CPA2Biz, Inc., the marketing and technology subsidiary of the AICPA. The enhancements include a modern new design, improved navigation, new features to the exam, and a simplified login process.
Education & Careers

Meeting the 150-hour requirement in New York and Pennsylvania

By Anne RosivachNew York and Pennsylvania have joined the 47 states and territories that already require 150 credit hours for CPA licensing. The latest state to mandate the change is Pennsylvania, where on July 10 Governor Edward Rendell signed a bill amending the state's CPA law to require 150 credit hours and one year experience in public accounting for licensure. The education and experience changes will go into effect as January 1, 2012.
Education & Careers

Grant Thornton voted best firm for work/life balance by accounting educators

In Public Accounting Report’s 27th Annual Survey of Accounting Professors, Grant Thornton LLP again topped the list of the global accounting firms as the U.S. firm they considered to be the most ethical and the best for work-life balance, for the second consecutive year. In addition, the firm placed amongst the top four in diversity and client service. "I am pleased to see that our firm has been recognized as an organization dedicated to ethical principles and the value we place on keeping exceptional people," says Grant Thornton CEO, Ed Nusbaum.
Tax

Deloitte announces winners in National Tax Case Study competition

After facing nearly 60 interscholastic teams in the regional events and 12 teams in the national rounds of the Deloitte Tax Case Study competition, two teams have been announced as winners in this annual event. At the national finals, Brigham Young University earned top honors in the Graduate Division and the College of William and Mary won in the Undergraduate Division.
Education & Careers

MarketWatch makes buying stocks fun and games

Maybe MarketWatch is onto something. Investing may only be safe if you do it their way: in a free, online simulation trading game.It's not for real, but the lessons are. It's called virtualstockexchange.com, and there's no risk involved. You can set up your portfolios to include stocks and funds traded on the NYSE, Nasdaq, and AMEX exchanges.

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