AICPA

Community News

AICPA to Relocate 400 Jobs to North Carolina

The American Institute of Certified Public Accountants (AICPA) Governing Council on Monday approved a proposal that would move approximately 400 jobs functions to Durham, North Carolina beginning in August 2006. The New York and Washington D.C. offices will only be minimally affected by the move. Every effort is being made to mitigate any disruption of service to AICPA during the transition.“We recognize that change is not easy, and we will do everything possible for our members and for our staff to ensure a smooth transition,” Barry C.
Community News

Mark Your Calendar: Celebrating More Than 25 Years of Women in Accounting

Join the Massachusetts Society of Certified Public Accountants (MSCPA) in celebrating more than 25 years of women in accounting at a very special event on Wednesday, November 2, 2005.
Community News

AICPA Considers Relocating Select Operations

Rising real estate and labor costs in the New York metropolitan area along with excess space in the Jersey City location have prompted a proposal to relocate select operations of the American Institute of Certified Public Accountants (AICPA) to the Southern Atlantic region. The Governing Council is scheduled to vote on the proposal next Tuesday.“The relocation would position us for the next century of service to CPAs of this country,” said Barry C. Melancon, AICPA President and CEO. “But ultimately, this decision is in the hands of Council.
A&A

New Tools Solve Complicated Requirements for Funds & Individual Investors

GainsKeeper®, part of Wolters Kluwer Corporate & Financial Services division, addes new tax reporting tools to its three industry-leading tax lot accounting suites – GKAdvisor™ used by funds, GKBrokerage™ for shareholders, and FundTax™ used by individual investors – in September.“Our tax lot accounting suites offer an automated solution designed to calculate key fund and investor figures, allowing both professionals and individual investors to spend significantly less time compiling and attempting to make calculations based on tax- relevant date,” Sanjeev Doss, GainsKeeper di
Practice Management

Mark Your Calendar: First Women’s Summit

“Helping Women Professionals Succeed” is the theme of the first Women’s Summit hosted by the Work/Life & Women’s Initiatives Executive Committee of the American Institute of Certified Public Accountants (AICPA) scheduled for Tuesday, October 11, at the Hyatt Rosemont in Chicago, Illinois.“Women currently make up more than 50 percent of all accounting graduates in the country,” said Summit Chair Leslie Murphy of Plante & Moran and Chair-elect of the AICPA.
Community News

Journal of Accountancy Marks 100 Years

The Journal of Accountancy is celebrating its centennial. The official publication of the American Institute of Certified Public Accountants’ (AICPA’s) continuous publication for 100 years is being recognized with an official proclamation congratulating the Journal on the accomplishment.“The history of the Journal of Accountancy is really the history of the nation’s accounting profession,” Barry Melancon, AICPA President and CEO said in a prepared statement.
Tax

Mark Your Calendar: Facing a Financial Crisis Teleconference

The Department of Labor Women’s Bureau is holding the sixteenth Wi$e Up Teleconference Call on Friday, September 30 from Noon to 1:30 p.m Eastern. The topic is Facing a Financial Crisis and among the issues discussed will be planning for and recovering from disaster.
A&A

Doing Business Away from Home: Expediting Reciprocity

Last week, National Association of State Boards of Accountancy (NASBA) President David Costello and American Institute of Certified Public Accountants (AICPA) President and CEO Barry Melancon, sent a letter to the State Boards of Accountancy requesting assistance in speeding and easing the process by which displaced accounting professionals can begin practicing in other states.Advertisemen
Technology

AICPA Offers Members Professional and Commercial Benefits

Membership in professional associations, both national and a state organizations, brings a host of benefits to the CPA, according to CareerBank.com. The American Institute of Certified Public Accountants (AICPA or the Institute), the premier accounting professional association in the US, with links to state societies, counts 345,000 CPAs as members.
Technology

CCH Disaster Recovery Program Helps Rebuild Resources

As businesses as professionals affected by Hurricane Katrina begin putting the pieces back together, many will find the references and resources they use in conducting business activities have been damaged, destroyed or are otherwise unavailable.
Community News

AICPA's Financial Reporting Assailed from Within

The 118 year old American Institute of Certified Public Accountants (AICPA, the Institute), the profession’s trade organization and one of its standard setting boards, while adjusting to changes in its role and focus resulting from the accounting scandals, is facing charges from some of its own members that its financial reporting does not clearly describe the AICPA’s financial activities.
Tax

SBA, Labor Dept. Expect Flood of Applications

Experts expect the number of new applications for unemployment benefits and federal disaster loans to increase dramatically in coming days and weeks. The jobless rate in the states ravaged by Hurricane Katrina are expected to spike to 25 percent or higher the Associated Press reports.
Tax

Accounting and Tax Relief for Business Owners Hit by Katrina

The financial impact of Hurricane Katrina will not be known for many days, even weeks. But that is not stopping the Internal Revenue Service or the American Institute of Certified Public Accountants (AICPA) from doing what they can as fast as they can.The IRS is offering taxpayers immediate relief in those counties and parishes that have been declared disaster areas by President Bush. The deadlines for making employment and excise tax deposits has been extended to September 23 while those for tax returns and other tax payments have been extended until October 31.
Community News

AICPA’s 360 Degrees of Financial Literacy Wins Clarion Award

The American Institute of Certified Public Accountants (AICPA) is the recipient of the 2005 Clarion Award in the Public Affairs Campaign category from the Association for Women in Communications (AWC). The AICPA will accept the award at the annual AWC professional conference in Lubbock, Texas on October 22.“The recognition our program has received tells us that the CPA profession was right in identifying the need for financial literacy education in this country,” says Carl George, Chair of the AICPA National CPA Financial Literacy Commission and CEO of Clifton Gunderson, LLP.
Community News

Last Call for Nominations to AICPA Business & Industry Hall of Fame

Nominations to the American Institute of Certified Public Accountants (AICPA) Business and Industry Hall of Fame must be submitted by August 31.
Community News

AICPA Names Grant Ashley Outstanding CPA in Government 2005

Grant Ashley, FBI Executive Assistant Director and CPA, is the 2005 recipient of the Outstanding CPA in Government Award from the American Institute of Certified Public Accountants (AICPA). Mr. Ashley is the highest-ranking CPA in the FBI.The award, presented by William F.
Technology

Mark Your Calendar: 25th Annual Business & Technology Solutions Show

The Illinois Certified Public Accountants (CPA) Society’s (ICPAS) 2005 Business & Technology Show is being held Tuesday and Wednesday, August 23-24 at the Donald E. Stephens Convention Center in Rosemont, Illinois. The show, now in it’s 25th year, will tackle some of the most pressing issues facing the accounting profession as well as showcasing the latest business technologies and products.
A&A

Flagging Optimism on Economy Among Accountants

What a difference six months can make. In December, 71 percent of Certified Public Accountants (CPAs) serving as chief executive officers (CEOs), chief financial officers (CFOs) and other decision makers had a positive outlook on the state of the economy. According to the latest Business and Industry Economic Outlook Survey, only 57 percent still feel that way.Concerns about rising energy and employee costs, increased regulation and the cascade effect of provision of the Sarbanes-Oxley Act have hurt optimism.

AICPA Issues Fair Value Interpretations

Two Interpretations of Statements on Auditing Standards have been issued by the AICPA. These interpretations concern the auditing of fair values or more specifically Auditing Interests in Trusts Held by a Third-Party Trustee and Reported at Fair Value; and Auditing Investments in Securities Where a Readily Determinable Fair Value Does Not Exist. The interpretations illuminate situations where simply receiving a confirmation of fair value from a third party is not enough audit evidence for a complete valuation.
A&A

AICPA: CPAs Have What it Takes to be CFOs

What does it take to be a good CFO? Expertise in accounting, financial reporting and internal controls, says the AICPA, and CPAs possess the skills to excel in the role.That's the position the AICPA lays out in a new white paper, "CPAs as CFOs: Why You Should Have a CPA in Your C-Suite." The paper outlines the many new demands on the CFO and how CPAs are particularly attuned to handle the variety of operational, financial and compliance challenges."There is a dual role for today's CFO," said AICPA President and CEO Barry C. Melancon, CPA.

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