Devil's in the details: SQCS No.7: A Firm's System of
Quality Control.(auditingstandards)
On Oct. 10, 2007, the AICPA Auditing Standards Board issued
Statement on Quality Control Standards (SQCS) No. 7, A Firm's
System of Quality Control, to replace all existing SQCS. The SQCS, which
is . . .
Behind closed doors: the new Certified in Financial Forensics
credential.(forensicaccounting)
In May 2008, the AICPA approved its fourth specialty credential,
Certified in Financial Forensics (CFF), to enhance the credibility of
CPAs practicing in the area of forensic accounting. So, what . . .
Holding on tight to talent: staff development as a staff
retention tool.(professionalissues)
Keeping and motivating employees to achieve professional
success--and add to the business' bottom line--has long been a key
concern for corporate America and one that for the past several years
has . . .
Divorce & CPAs.(I Want Half.)
the U.S. divorce rate was 4.6 percent last year. Those marriages
ending in divorce lasted little less than eight years after first and
second divorces. Time following a divorce until remarriage . . .
Members in the news.(member milestones)
During June and July, KSEE-TV's "Central Valley
Today" program interviewed Adam Blitz, Kendall Wheeler and Gary
Istanboulian on various financial topics ... Michael Eisenberg discussed
charitable . . .
Firm news.(member milestones)(Burr Pilger Mayer announced
employee stock ownership plan )(Brief article)
Burr Pilger Mayer announced the introduction of an employee stock
ownership plan available to all 325 employees of the firm. The program
launch coincides with the firm's 22nd anniversary ... . . .
Announcements.(member milestones)(Brief article)
Macias Gini & O'Connell LLP promoted Wendy Chang, Mark
Aspesi, Joseph Earl, Patrick Lee and Joseph Victoria to senior
associates ... Tracy Hom has been promoted to senior tax manager at
Eichstaedt . . .
Companies don't comply with FIN 48.(CHANGING GUARD)(Brief
article)
Analysis of annual reports filed with the SEC in the first-quarter
of 2008 by more than 600 companies whose revenues exceed $2 billion
shows that more than 28 percent of them did not fully meet . . .
HUD releases revisions to chapters three and four of its
Consolidated Audit Guide.(CHANGING GUARD)(Housing and Urban
Development
The U.S. Department of Housing and Urban Development (HUD) issued
its long-awaited revisions to Chapter Three, HUD Multifamily Housing
Programs, and Chapter Four, HUD Multifamily Hospital Program . . .
Better financial reporting.(CHANGING GUARD)
An SEC advisory committee has submitted a report containing 25
recommendations to make financial information more useful and
understandable to investors by providing proposals to improve . . .
Forum recommends.(Brief article)(Calendar)
EASILY DETECT PROFITIBILITY ... AND RISKS
Businesses rely on financial statements to make a wide array of
decisions. Attaining an accurate picture of your own organization is a
start. But it . . .
Group Insurance Trust receives high rating.(CHANGING GUARD)(Brief
article)
The Group Insurance Trust (GIT) of CalCPA has received an initial
financial strength rating of B++ (Good) and issuer credit rating of
"bbb" from A.M. Best Co.
"We are pleased with these Best . . .
Amendments to simplify and achieve international convergence in
the calculation of EPS.(CHANGING GUARD)(earnings per share)(Brie
The International Accounting Standards Board (IASB) has published
for public comment proposals to simplify the calculation of earnings per
share and to eliminate differences between the methods . . .
Help is on its way: gain your audience's full
attention.(CHANGING GUARD)
Post your open position now at www.calcpa.org/classifieds. Posting
is fast and easy--and members always receive preferred pricing.
Want to know more? Contact Cynthia Fabianski . . .
PCAOB adopts rules for succeeding to registration status of
predecessor firm.(CHANGING GUARD)
The PCAOB has adopted rules and a corresponding form that govern
when a firm would be allowed to succeed to the registration status of a
predecessor firm following a merger or other change in the . . .
Employer interest in phased retirement programs growing.(CHANGING
GUARD)
To address a looming talent shortage, as 25 percent of the
workforce nears retirement age, and help transition employees to an
easier and more affordable retirement, more companies are . . .
CAMICO names new CEO.(CHANGING GUARD)(Camico Mutual Insurance Co.
announced Ric Rosario as incoming CEO)(Brief article)
CAMICO has announced that Ric Rosario, CPA will succeed John A.
Dodsworth, CPA, as CEO, effective Jan. 1, 2009. Dodsworth, in a planned
move, will retire June 30, 2009, after which he will continue . . .
Check's in the mail? report finds employers owe billions in
federal payroll taxes.
In a report from the Government Accountability Office,
congressional investigators say 1.6 million businesses did not send
taxes to the IRS regarding employees' wages, Social Security and
Medicare . . .
CalCPANews.
2008 Women's Leadership Forum
Join CalCPA Dec. 3 for a day of leadership development,
professional growth and recognition at the 2008 Women's Leadership
Forum. From tips and strategies for . . .
The numbers.(news&trends)
36,112
The number of accounting graduates hired by public accounting firms
in 2007.
--AICPA
65% Number of business-to-business payments made via paper-based
checks.
--Aberdeen Group
$400 . . .
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