The numbers.
$51 billion Amount of federally guaranteed loans originated through
the Federal Family Education Loan Program for the current school year,
up from approximately $45 billion for the same period last . . .
The numbers.
135,000 Number of customer accounts transferred to either to
Neuberger Berman or to Barclays Capital in the Lehman Brothers Inc.
liquidation.
--James W. Giddens, Lehman Brothers Inc. SIPA . . .
CalCPA member discounts on CCH tax
guidebooks.(news&trends)
CalCPA members can order CCH's 2009 U.S. Master Tax Guide and
the Guidebook to California Taxes 2009 at significantly discounted
rates:
* Tax Guide (ship date, late December): . . .
Credit crisis: regulatory reactions.(news&trends)
The International Accounting Standards Board is focusing on the
recommendations of the Financial Stability Forum, which included:
* Improving the accounting and disclosure standards for off . . .
Auditing audit firms' financial
statements.(news&trends)
Privately held audit firms could be reporting annual financial
results under GAAP--and releasing those financial statements to the
public--if recommendations by the U.S. Treasury's . . .
Financial hiring on the rise.(news&trends)
Hiring in accounting and finance is expected to increase in the
final months of 2008, according to the recent Robert Half International
Financial Hiring Index.
Of the CFOs surveys, 10 percent . . .
Technical terminations of certain publicly traded
partnerships.(news&trends)
The IRS plans to issue guidance regarding technical terminations of
a publicly traded partnership (PTP) resulting in multiple short tax
years within one calendar year, which can cause considerable . . .
Going concern and subsequent events.(news&trends)
FASB issued two related Exposure Drafts for public comment: Going
Concern and Subsequent Events.
The proposal on going concern would require management of a
reporting entity to consider all . . .
Correction: CalCPA Institute donor
list.(news&trends)(Correction notice)
Due to a sorting error, the list of CalCPA Institute donors in the
October issue of California CPA was incorrect. A corrected version is
available at www.calcpa.org/outreach under "News . . .
CalCPA service awards: nominate your favorite
today.(news&trends)
Each year, CalCPA recognizes those members who go above and beyond
the call of duty by awarding the Public Service and Distinguished
Service awards, and the Public Service Award for Firms.
The . . .
CalCPA leaders wanted.(news&trends)
California CPAs are the driving force behind one of the
world's largest economies. Isn't it time you put your
leadership skills to use for the betterment of the CPA profession?
[ILLUSTRATION . . .
Celebrating women CPAs.(news&trends)
www.calcpa.org/women
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 attaining . . .
CSI accountants on the rise.(news&trends)
Demand for CPAs providing forensic accounting services has
accelerated. According to a recent survey:
94% CPAs represented 94% of forensic experts hired over the past
two years.
68% of CPAs . . .
We believe that once Congress starts setting accounting standards
through its political process.(news&trends)
"We believe that once Congress starts setting accounting
standards through its political process, the integrity of U.S.
accounting standard setting and the credibility of U.S. financial
reporting . . .
Building a dream: "I worked in the morning and went to
school at night. Every month, I saved at least 75 percent of my earnings
At I 8, Vee Cristobal shared a dream with her mother- "One
day, I want to build many libraries here, so children can walk to
libraries in their own community," she said. At the time, the
closest . . .
Get involved: make sure legislators hear the voice of
CPAs.(CapitolBeat)
Now that political season is in full swing, we're hearing our
presidential candidates promise not to be beholden to special interests
while they reform the office of president and return it to . . .
More tax legislation: 2008 Housing Assistance Tax Act: pluses and
minuses.(Fed Tax)
The following are selected highlights of the 2008 Housing
Assistance Tax Act (P.L. 110-289), signed into law July 30, 2008.
First-time Homebuyer Credit
Under this new law, an individual . . .
Upcoming events.
Business and Corporate Taxation S Corporations: Tax Consequences of
Termination, Liquidation and Sale
Oct. 20: inland Empire
[ILLUSTRATION OMITTED]
S Corporations: A Complete Guide to Tax . . .
Thank you: CalCPA Institute donors: giving back and helping the
profession.
CalCPA Institute would like to thank the following individuals and
businesses for their tax-deductible contributions and supporting its key
initiatives, including financial literacy, scholarships . . .
IT MeetsAuditing.
You've no doubt kept up with the AICPA Risk Assessment
Standards issued in 2006. You may have already conducted an audit using
the new internal controls-oriented guidelines, SAS 104-111.
But when . . .
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