What guidelines?(News & Trends)
42 percent of organizations say they do not have written guidelines
against illegal techniques to investigate fraud.--Deloitte . . .
Healthy concern.(News & Trends)
Nearly one-third of Americans say not having enough to pay for
healthcare is the biggest concern facing our nation in
retirement.--Edward . . .
Mind the gap.(News & Trends)
The tax gap, which is the difference between what taxpayers owe and
what is actually collected, is estimated at $290 billion, based on 2001
tax . . .
Ben Bernanke.(News & Trends)
"For this expansion to continue in a sustainable way,
inflation needs to be well controlled."
Ben Bernanke, Federal Reserve . . .
Freedman's service lauded.(News & Trends)
Mitchell Freedman, CPA/PFS, founder and president of Mitchell
Freedman Accountancy Corporation and MFAC Financial Advisors, Inc., in
Sherman Oaks, is the recipient of the AICPA's 2006 . . .
Win a VIP card! CalCPA renewal.(News & Trends)
Renew your 2007-08 CalCPA membership, and you will be entered into
a drawing for a FREE VP membership good through April 2008 courtesy of
the California CPA Education Foundation.
Renew online . . .
Technical implications of daylight-saving time changes.(News
& Trends)(Brief article)
Starting in 2007, daylight-saving time begins March 11 (rather than
April 1) and ends Nov. 4 (rather than Oct. 28). While this is good news
for those who enjoy the outdoors, it means reprogramming . . .
CPE steals & deals: take your CPE for less.(EDUCATION
FOUNDATION FOCUS)
Save hundreds of dollars on your CPE! Are you looking for an
economical way to take your CPE? The VP program is one of the most
cost-effective CPE discount programs available today. As a VP member . . .
In demand '07.(News & Trends)
Accounting and finance positions that will be in the greatest
demand in 2007.
[ILLUSTRATION OMITTED]
* Internal auditor: $77,500-$101,500
* Compliance executive: $132,500-$181,250
* . . .
Auditors' fraud responsibilities.(PCAOB News)
The Public Company Accounting Oversight Board has issued a report
that discusses auditors' implementation of PCAOB interim standards
regarding the auditor's responsibility with respect to fraud.
. . .
Audits performed under government auditing standards.(AICPA
News)
SAS No. 112, Communicating Internal Control Related Matters
Identified in an Audit, is effective for audits with years ended Dec.
31, 2006, or later.
Recently, the AICPA Audit and Attest team has . . .
Broader GAPP audience is sought.(AICPA News)(Generally Accepted
Privacy Principles)(Brief article)
To reach a broader business audience, the AICPA and the Canadian
Institute of Chartered Accountants recently published Generally Accepted
Privacy Principles (GAPP)--a Global Privacy Framework.
. . .
FIN 48 delay rejected.(FASB News)(Financial Interpretation Number
)(Brief article)
FASB unanimously decided to move forward with the implementation of
FIN 48, Accounting for Uncertainty in Income Taxes, despite receiving
approximately 400 requests for a one-year delay.
FIN 48 . . .
New distribution provisions of the Pension Protection
Act.(EXCISETAXREFUNDTIPS)
The IRS has provided guidance on several Pension Protection Act
rules relating to distributions from tax-qualified retirement plans.
Among the issues addressed by the guidance:
* Interest rate . . .
Want to make a change to the IRS
process?(EXCISETAXREFUNDTIPS)
The IRS Stakeholder Liaison has established the Issue Management
Resolution System to identify nationwide trends in the tax process that
may call for changes to IRS processes and procedures.
. . .
Mistakes abound on telephone-tax refund
requests.(EXCISETAXREFUNDTIPS)(Brief article)
Early tax returns show individuals are making basic mistakes when
requesting the telephone excise tax refund, requesting excessive
amounts, which the IRS will deny, and many are missing out . . .
April 17 is the new April 15.(IRS News)(tax filing
deadline)(Brief article)
Federal and California taxpayers have two extra days to file and
pay their 2006 income taxes. The extension was made because April 15
falls on a Sunday and the following day, Monday, April 16, is a . . .
Amendment provides tax breaks for small business.(HR
News)
The Senate Finance Committee unanimously approved an amendment to
H.R. 2, the Fair Minimum Wage Act of 2007, that creates tax breaks for
small businesses that are intended to balance the cost of an . . .
March 22-23: business and industry conference.(CalCPA
News)
As a financial professional in industry, you won't want to
miss this conference that covers many facets of business, including
emerging trends in financial management, changes in compliance . . .
New-look CalCPA classifieds.(CalCPA News)
CalCPA.org classifieds' improved features allow you to
optimize your ability to deliver your message by pinpointing location,
category and other key search parameters.
What's more--we offer . . .
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