AICPA

'Cognitor' Vote Delayed Eight Months

According to the Electronic Accountant, the AICPA has delayed its Council vote until Spring 2001 on the adoption of the XYZ designation - tentatively now known as 'cognitor.'The original vote was to approve whether to put the cognitor concept before the entire AICPA membership.Bob Elliott, AICPA chairman, said the delay of the vote until the spring meeting provides more time to provide information on the credential to Council and to the general membership.The term 'cognitor' created quite a buzz when a
Community News

AICPA Chair Discloses Plans for Accountants of Tomorrow

Speaking to tomorrow's accountants, the assembled attendees of the Beta Alpha Psi annual meeting last weekend, Bob Elliott, Chairman of the AICPA, presented a glimpse into the very near future.
Technology

AICPA Portal, CPA2Biz, Names Management Team

The new Internet portal created and now run as a separate company by AICPA--CPA2Biz--is closer to opening for business.Information on the management team was posted on the web site this week, which includes Chair of the Board Barry Melancon, CPA; Chief Executive Officer Brett L. Prager, Senior Vice President, Strategy & New Product Development John F. Hudson, CPA; Senior Vice President, CPAs and State Societies Gideon Malherbe; and Director of Business Development Wayne Harding, CPA.The team includes some AICPA staff, along with outside consultants.
Technology

AICPA, Other Countries Discuss Online Privacy

Officials from the AICPA traveled last week to the city of lights to meet with representatives of 12 other countries and discuss the foreboding issue of online privacy and risks associated with e-Commerce.AICPA chairman Robert Elliott commented that 'As the representative of over 335,000 individual members of the accounting profession who deal with confidential information on behalf of both individuals and businesses, we feel strongly about the need to protect private information.
Technology

10 Steps Towards Protecting Your Privacy on the Internet

The AICPA's Bob Elliott joined representatives of other global accounting professional bodies in Paris this week to discuss the opportunities and risks inherent in e-business.The group issued the following guidelines for protecting your privacy on the Web:Be cautious about giving personal informationUse a secure Internet browser Make sure the merchant site is secure and review its privacy policyPay by credit or charge cardBeware of "Trojan Horse" programs - downloading programs off of the Internet from an unknown sourceNever give your passw
A&A

XBRL Committee Releases Specs, Adds Members

Committee to Form International Organization to Position for Rapid Global Expansion and AdoptionThe XBRL Committee announced today that several new, leading companies and organizations have joined the XBRL initiative: ACCPAC International, Inc.; ACL Services Ltd; Bridge Information Systems; Dow Jones & Company, Inc.; e-Numerate Solutions Incorporated; eLedger.com, Inc.; Fidelity Investments; Financial Software Group; First Light Communications, Inc.; MIP, Inc.: Multex.com, Inc.; Oinke, Inc.; PeopleSoft, Inc.; U.S. Advisor, Inc.; Virtual Growth, Inc.; and XBRL Solutions, Inc.

XBRL Examined in Plain-Speak English

A new August 2000 Journal of Accountancy article written by Colorado CPA Wayne Harding, formerly with Great Plains, and Stanley Zarowin, a member of the JOA staff, examine XBRL and its applications to various accounting scenarios.In summary, Zarowin and Harding conclude that: XBRL, or eXtensible Business Reporting Language, will be the standard for all business reporting; the authors believe the process will be truly revolutionary. The software to enable XBRL will be built into the majority of all financial and reporting software. The software will seamless

'Cognitor' Could be new Designation for CPA

AccountingWeb has learned that the American Institute of CPAs plans to propose a value-added designation called 'cognitor,' on behalf of the accounting profession. The announcement was made during the AICPA's State CPA Society Interchange Conference, held in Tucson July 19-21.Based on research and development, the new name is designed to talk to issues about thought and knowledge, and to enlarge the CPA's skill set.
Community News

Showdown with the SEC

Representatives from CPA firms, educational institutions, and accounting regulatory agencies will present testimony today before the Securities & Exchange Commission in an attempt to have their say about the proposed guidelines to limit the auditors’ scope of services.

AICPA, et. al. Form E-Security Measures

Cyber-security is at the top of the agenda on many minds, and the Federal government has taken the initiative to meet with top-level, influential organizations to form risk management and insurance guidelines.Not surprising is the fact that one of the groups is the American Institute of CPAs.
Technology

AICPA Loses Peck to Dot-Com

Charles Peck, the Senior Vice President of Marketing, Product and Organizational Development at the AICPA, has been tapped to become Chief Executive Officer of TheGlobe.com, an online community network and service provider, effective August 1, 2000.While at the AICPA, Peck led the re-engineering program that helped the Institute realign itself into a performance driven team based organization.During his tenure at the AICPA, Peck was also involved in spearheading several strategic acquisitions, initiating process improvement programs, and forming over

AICPA Launches Inexpensive Do-it-Yourself CPE

The AICPA is leading a new trend in CPE. This flat rate, all you can eat philosophy, provides over 1,000 hours of CPE for a flat rate of $95 per year, or $295 for non-AICPA members. Pay the fee, take all the courses you want, and work at home or at the office, at your own pace, at any time of the day or night, to complete the material and get your credit.The one- and two-hour courses cover hundreds of areas of educational needs in the major categories of Accounting & Auditing, Consulting Services, Management, and Taxation.

CPE Price War Erupts!

Increased competition has forced Practitioners Publishing Company to come close to the pricing structure offered by the AICPA.AICPA will price its online CPE at an annual fee of $95 for what it calls 'all-you-can-eat' online CPE, while the PPC fee will be $99 for any and all courses CPAs and others want to take to satisfy their educational requirements. The PPC courses are called 'one-stop-shop.'Note that this is for 'online' CPE only. PPC courses already are online at the www.ppcuniversity.com site.
Technology

AICPA Gets Green Light for Internet Portal

AICPA Council Members voted at the Spring Council meeting to proceed with the new Internet portal project, called 'cpa2biz.com.' The portal will be set up as a separate, publicly traded business, and already has received $107 million in start-up venture capital funding.Plans for the portal include offering business services for the profession, including CPE training, a national directory of firms, and information on technical topics.

Hot News: ITA is Newest AICPA Member Section

In a revolutionary move, the AICPA and the Information Technology Alliance (ITA) have announced the integration of the ITA into the Institute as a firm and company membership division.Called the 'Information Technology Alliance Section,' the ITA is counting on the support from AICPA to help serve its community of CPAs and non-CPAs, and reciprocally for the AICPA's membership interested in information technology consulting.The AICPA's governing body approved the integration on May 21st at its Spring Council meeting

Complete Access To Tech2000 Conference Materials

If you were not among the several hundred attendees at the recent AICPA/ITA Tech2000 conference in Atlanta, but are still interested in the presentations, today is your lucky day!With the kind permission of AICPA's Andrea Carella, who did a terrific job as coordinator of the conference, AccountingWEB members can now access all the available PowerPoint presentations from the conference on-line.Simply point your browser to www.aicpa.org/tech2000 and when prompted use the Username "Tech2000" and the password "AICPA" (both are case-se
Community News

Lack of POB Funding Hurts Inquiries?

Following the Securities and Exchange Commission's investigation last year of independence issues at PricewaterhouseCoopers, the SEC vowed to investigate other Big 5 firms to ensure independence is not sacrificed.Now, however, lack of funding of the Public Oversight Board (POB) by the AICPA may jeopardize that investigation, and the SEC is not pleased.

Harding Honored for XBRL Efforts

Great Plains vice president Wayne Harding was honored by the AICPA with a Special Recognition award for championing the XBRL project on behalf of the accounting profession.The award was presented during AICPA's TECH 2000 Conference in Atlanta, May 9-12.Harding served on the original XBRL Work Group that first devised the project as a complement to the XML reporting language, and continues to serve on the XBRL Steering Committee.Harding also serves as president elect of the
Technology

AICPA Offers new Tech Designation

Many CPAs and their staffs perform technology-related services for clients and customers, so what distinguishes one practice from the other, and how/why does knowledge play such a key role in the process?Make way for the new information technology (IT) accreditation for CPAs, known as the Certified Information Technology Professional (CITP) designation.
Tax

Treasury Seeks To Curb Tax Shelters

The Wall Street Journal today reported that Treasury Secretary Lawrence Summers has asked a core group of some of the nation’s top accountants, lawyers and investment firms to join him in a series of meetings to limit corporate tax shelters.According to reports, Summers and the group will focus on how to strengthen the Treasury’s rules that govern the various professions, like accounting, that are associated with the tax-shelter industry.In addition to helping solve the problem, any further legislation related to this area looks like it will not happen this year.

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