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AICPA

PCAOB Standards, Related Rules Reference Guide Offered by AICPA

The PCAOB Professional Standards and Related Rules (including SEC-Approved Releases and PCAOB Staff Q&A Guidance) has been developed by the AICPA to supply auditors with a workable, current, and comprehensive source of PCAOB standards for their engagements. This compilation delivers – Professional standards and staff guidance – including standards on auditing, attest, quality control, ethics, and independence. PCAOB Auditing Standard Nos. 1, 2, and 3, and all of the conforming amendments related to PCAOB Auditing Standard No.
Tax

AICPA Addresses Fraud in Audit Committee Guidance

As part of its ongoing fraud-prevention program, the American Institute of Certified Public Accountants today issued guidance to help U.S.
A&A

COSO to Help Small Businesses with Internal Controls

Small businesses are about to get help complying with the stringent new internal control requirements of the Sarbanes-Oxley Act.The Committee of Sponsoring Organizations (COSO) announced Monday that it will develop guidance that will help small firms follow the new rules without breaking their budgets, according to Dow Jones Newswires.The new guidance, which will be produced by PricewaterhouseCoopers LLC, will be available online by June 30.
Community News

AICPA Launches Online Resource for Financial Planners, Consumers

The American Institute of Certified Public Accountants (AICPA) recently introduced a new online resource for its CPA financial planning community. The resource offers CPAs access to a comprehensive library of tools and educational materials on a full range of financial planning practice areas, from disaster recovery and investment planning to ethics and fiduciary responsibility and more. It also offers information for consumers seeking financial planning guidance.
Technology

AICPA Outlines Top Emerging Technologies for 2005

Each year, the AICPA Top Technologies Task Force prepares a “watch list” of five emerging technologies that may not have viable commercial acceptance currently, but show promise in the next 24-36 months as having a potential impact on businesses and individuals.
A&A

AICPA Issues Statement on Accounting for Real Estate Time-Sharing Transactions

The Accounting Standards Executive Committee (AcSEC) of the American Institute of Certified Public Accountants has issued a Statement of Position (SOP) 04-2, Accounting for Real Estate Time-Sharing Transactions.AcSEC issued the SOP to address diversity in practice caused by a lack of guidance specific to real estate time-sharing transactions.
Community News

AICPA Launches Site for Auditors; Promotes Audit Quality

The American Institute of Certified Public Accountants (AICPA) this week unveiled an enhanced Web site for its members who audit or are interested in auditing public companies.
Community News

AICPA’s New Chair Calls on Profession to Accept Change

Robert Bunting, the new Chair of the American Institute of Certified Public Accountants, this morning called on his fellow CPAs to accept change and engage in cooperative dialogue with regulators to serve the public interest. He delivered the keynote address to an audience of more than 2,200 at the Institute’s 32nd National Conference on Current SEC and PCAOB Developments, which opened here today at the Marriott Wardman Park Hotel.“Change is critical to meet the current challenges of the profession,” said Bunting, who assumed the position of AICPA Chair in October.
Community News

AICPA Awards the Arthur J. Dixon Memorial Award to Retired E&Y Partner

Robert M. Rosen is this year’s recipient of the Arthur J. Dixon Memorial Award, the highest award given by the accounting profession in the area of taxation. The award, given by the Tax Division of the American Institute of Certified Public Accountants (AICPA), was presented today at the AICPA’s National Conference on Federal Taxes in Washington, DC. Rosen, a CPA and an attorney, is a retired partner of Ernst & Young, where he practiced with the firm’s National Tax Office for 28 years.
Practice Management

AICPA Adopts New Ethics Requirements for Members Who Outsource

The American Institute of Certified Public Accountants (AICPA) has adopted new ethics rules that place new requirements on members who outsource work.Two new rules and one revised rule spell out the responsibilities AICPA members now must meet when outsourcing clients’ work to third-party providers.
Tax

Thomas Purcell Named Chairman of AICPA Tax Executive Committee

Thomas J. Purcell III has been named Chairman of the Tax Executive Committee of the American Institute of Certified Public Accountants (AICPA). He is the first educator to lead the Committee.The Tax Executive Committee is the tax policy and standards setting body of the AICPA and represents AICPA members on tax matters being considered by Congress, the IRS, the Department of Treasury and other public groups.
Community News

Robert Bunting Elected Chair of the AICPA

Robert L. Bunting this week became Chair of the Board of Directors of the American Institute of Certified Public Accountants, succeeding S. Scott Voynich. His term as Chair, a volunteer position, is one year.Bunting, who recently stepped down as Chairman and CEO of the regional firm of Moss Adams LLP, assumed his new post at the AICPA governing Council’s Fall meeting in Orlando. He has served the AICPA for more than 20 years with membership on many volunteer committees, including a three-year term on the Board of Directors.

AICPA Launches New Website '360 Degrees of Financial Literacy'

As part of its on-going efforts to improve the financial health of Americans across all life stages and socio-economic levels, the American Institute of Certified Public Accountants (AICPA) and the CPA profession went live this week with its new consumer website.

AICPA Announces Retirement of J. Thomas Higginbotham

The American Institute of Certified Public Accountants (AICPA) announced today that J. Thomas Higginbotham, Vice President of Congressional and Political Affairs, plans to retire in January 2005 after 15 years of service. “Tom has had a long and distinguished career in Washington, DC. His commitment to the CPA profession and the AICPA – its staff and its mission – has been most valuable.
Tax

WorldCom Whistleblower to be Inducted Into Hall of Fame for CPAs

Cynthia Cooper, the former vice president of internal audit at WorldCom who exposed the largest corporate fraud in U.S. history, will lead the list of three new inductees into the 2004 American Institute of Certified Public Accountants. (AICPA) Business & Industry Hall of Fame, an annual event sponsored by Ajilon Finance, a leading accounting and financial staffing services company. Cynthia Cooper’s name became synonymous with integrity when she exposed the fraud at WorldCom – to date the largest corporate fraud in history. At the time, Ms.
Community News

Robin Taylor of Dixon Hughes is Appointed to the AICPA’s Business Valuation Committee

Robin Taylor, CPA/ABV, CFE, CVA, CBA, a Member of Dixon Hughes PLLC’s Birmingham, AL office has been appointed to the AICPA’s national Business Valuation Committee. Taylor’s term began on October 1, 2004. Part of the mission of the Business Valuation Committee is to raise awareness about the importance and value of business valuation and forensic litigation support services and to serve as a comprehensive resource provider on business valuation and forensic litigation support services for members.
Community News

Sandra Johnigan Earns Forensic & Litigation Award

The American Institute of Certified Public Accountants (AICPA) has named Sandra Johnigan the recipient of its 2004 Forensic & Litigation Services Volunteer of the Year Award.Johnigan, who operates her own litigation consulting and forensic investigation practice in Dallas, earned the award both for her contributions to the field and her service to the Institute.“Sandy has been an enthusiastic advocate of forensic and litigation services as a practice discipline for CPAs,” said Anat Kendal, AICPA Director of Financial Planning and Business Valuation/Forensic & Litigation Services.
Technology

AICPA Welcomes SEC's Proposed Rule on Use of XBRL

In response to last week’s proposing and concept releases by the U.S. Securities and Exchange Commission (SEC) on XBRL-Tagged Data in Commission Filings, the American Institute of Certified Public Accountants (AICPA), believes this is an ideal time for companies to embrace the XBRL (Extensible Business Reporting Language) standard as an important step in helping to enhance and modernize financial reporting.
Technology

AICPA Offers Online Portal for CPAs in Business Valuation & Forensic/Litigation Services

The American Institute of Certified Public Accountants (AICPA) this week unveiled a new dedicated Web site www.bvfls.aicpa.org for its members who specialize in Business Valuation (BV) and Forensic & Litigation Services (FLS).
Technology

Governmental Audit Quality Center Launched by AICPA

The American Institute of Certified Public Accountants (AICPA) announced the formation of a Governmental Audit Quality Center this week. The Center, which is now accepting member applications, is a firm-based, voluntary membership center designed to promote the importance of quality governmental audits and the value of such audits to purchasers of governmental audit services.

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