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Maurice Stans and Michael Chetkovich, past AICPA leaders.


Two Former AICPA Chiefs
A top government accountant and a Big 8 managing partner with long records of service to the Institute died in April.

Maurice Stans was 19541955 president (the position now called chairman) of the American Institute of Accountantswhich later became the AICPA. Although he never finished college, he became executive partner of Alexander Grant & Co. (now Grant Thornton) and a government consultant. President Eisenhower made him budget director in 1958. President Nixon appointed him secretary of commerce in his first term, and, during the presidents reelection campaign, Stans proved himself a leading Republican fundraiser. However, Watergate tainted his reputation even though he was acquitted of serious perjury charges and pleaded guilty only to nonwillful violations of campaign financing laws. He defended himself as unfairly tarnished in his 1995 autobiography, One of the Presidents Men.

Stans won the Gold Medal for Distinguished Service to the Profession in 1954 and was inducted into the Accounting Hall of Fame in 1960.

Michael N. Chetkovich spent most of his career in public accounting, becoming managing partner of Haskins & Sells (now Deloitte & Touche). He was elected 19761977 chairman of the Institute and also served as 19651966 vice president of the California Society of CPAs. In 1972 he was U.S. representative to the International Coordination Committee for the Accounting Profession. Chetkovich won the Gold Medal in 1982.




New GAAP hierarchy for federal government audits.


New Hierarchy for Federal Government Audits
The General Accounting Office has issued for exposure an amendment to Government Auditing Standards (the yellow book) that would establish a GAAP framework for federal financial statements. The ED formally defines the meaning of presents fairly in accordance with GAAP for the federal government by creating a hierarchy of GAAP for auditors of federal programs and agencies. Comments on the ED are due by July 15.

The GAO currently requires such auditors to state in their reports that the financial statements are prepared in accordance with GAAP for federal financial reporting purposes. If finalized, this ED will allow auditors to simply write that the statements are prepared in accordance with GAAP. The GAAP hierarchy the ED has created for the federal government, which is similar to the hierarchy defined in SAS no. 69, The Meaning of Present Fairly in Conformity with Generally Accepted Accounting Principles in the Independent Auditors Report , will allow them to achieve this.

The revisions to the yellow book would be effective for financial statement audits for periods ending on or after September 15, 1998. Copies of the ED are available on the GAOs Web site at www.gao.gov or by calling the GAO at 202-512-6000.

New Guide Clarifies Investments Accounting
GASB has answered a lot of questions from financial statement preparers and auditors on implementing Statement no. 31, Accounting and Financial Reporting for Certain Investments and for External Investment Pools, which was issued March 1997. To make both the questions and the answers available as a reference tool, GASB published a guide on investment valuation that includes suggestions from its staff, advisory committee members and people who already have implemented the standard.

Statement no. 31 requires state and local governments to report their investments at fair value on the balance sheet. Fair value is the amount, such as the current price of a five-year U.S. Treasury bond, at which two willing parties could exchange an investment. The statement was effective for fiscal years starting after June 15, 1997.

The implementation guide contains 122 questions and answers on transactions covered by Statement no. 31, on investments that carry below-market yields and on determining fair value. Other topics include marking to market, amortized cost, investment instruments and external investment pools.

Copies of the guide (product code GQA31) are available for $24 from the GASB order department by calling 203-847-0700, ext. 555.




Workers sick time is down.


Worker's Sick Time Is Down

The number of hours employees have spent out of the workplace due to injury of illness has declined since 1992.




Proposed revisions to SSAEs to allow for direct reporting.



Revamped SSAEs
Practitioners add new services, such as CPA WebTrust, to their roster of services. Clients ask their CPAs to provide assurance on information beyond the traditional financial statements. These increasingly popular engagements fall under the statements on standards for attestation engagements. Realizing that the standards have to keep up with a fast-changing business world, the ASB is considering widespread changes to make them more useful and understandable. As a start, it has exposed proposed amendments to SSAE no. 1, Attestation Standards, SSAE no. 2, Reporting on an Entitys Internal Control over Financial Reporting, and SSAE no. 3, Compliance Attestation .

Basically, the ED says practitioners can directly report on a specific subject mattersuch as an entitys internal control over financial reportingrather than just on a managements assertion, AICPA technical manager Jane Mancino told the Journal . The ED presents an example of each. The long-standing report on managements assertion might say: In our opinion, managements assertion that W Company maintained, in all material respects, effective internal control over financial reporting. Using the new direct method, the practitioners report might say: In our opinion, W company maintained effective internal control over financial reporting. Mancino stressed that this direct form of reporting would be an option: Practitioners still would be able to issue an opinion on managements assertion and still would have to require management to make an assertion.

The ED is available from the AICPA at 888-777-7077. Comments are due by July 31.

SSAE no. 8: The Marketing Issues
A public company can choose which firm will perform its annual financial statement audit, but it cant choose to skip an audit altogether. As a result, auditors may have marketed their firms but usually not the service itself because they didnt have to sell the auditthe SEC has required audits of public companies for over half a century. Today, as auditors expand their services into voluntary areas, moving beyond the traditional financial statement audit, they will have to answer this question from their clients: If the SEC doesnt require this, whats in it for us?

The Journal spoke with James S. Gerson, ASB vice-chairman, about some of the marketing problems that may crop up with engagements under the new SSAE no. 8, Managements Discussion and Analysis. In a nutshell, SSAE no. 8 sets ground rules for how auditors might deal with an emerging range of information, he said. But will companies be anxious to spend money to gain such assurance? The Financial Executives Institute, in its comment letter, said it would not object to SSAE no. 8, if the standard made it clear it was a voluntary service. Many public companies already have confidence in their MD&As. They may not see a need to pay for additional assurance.

Nevertheless, Gerson said there were some who might welcome MD&A engagements, such as the underwriting community. Underwriters may be looking for additional assurance in connection with offerings. Demand for the MD&A engagement may originate here.


Risk issues

Even as some companies are reluctant to pay for the service, practitioners may be reluctant to offer it, according to Gerson. There is some risk associated with this engagement. The SEC is not shy about asking a company to modify the MD&A after its been filed. When a company has to make those changes, the auditors may have to address the MD&A all over again. Because of this risk possibility, Gerson said most firms would probably wait to see how the market develops and not aggressively push it just yet.




Benefits and state government employees.



State Government Benefits

As government employees move toward health maintenance organization (HMO) and point-of-service (POS) plans, costs change as well.

However, most states continue to experience increases:
  Employee coverage Family
States with increasing costs 22 24
States with decreasing costs 11 11

 

Reining in Costs
Cost management programs Number of states offering
Hospice 46
Hospital inpatient precertification 45
Audits of large hosiptal bills 40
Audits of claims payer 39

Additional Benefits
Program Number of states offering
Group term life 36
Dental 32



Robert R. Woodson, retired CEO, wins AICPA award.


Corporate Chairman Honored
The AICPAs business and industry executive committee presented its 1998 Outstanding CPA in Business and Industry Award to Robert R. Woodson, a 32-year veteran of John H. Harland, an Atlanta-based supplier of products and services to the financial industry. After a stint at Deloitte, Haskins & Sells (now Deloitte & Touche), he joined Harland and held a variety of positions before retiring as chairman in 1997. When Woodson became president, the company posted annual revenues of $300 milliona figure that more than doubled under his leadership.

Woodson did not devote all his time to the company, however. He also served as a director of the Atlanta Area Councils Executive Committee of Boy Scouts of America and as a trustee of several foundations. Woodson sat on corporate boards and participated in a number of professional and trade associations.

In a nomination letter, Ronald B. Bobo, president-elect of the Georgia Society of CPAs, said that Woodson has always demonstrated a sense of caring and a genuine interest in other people. He has the unique ability to inspire others to develop their potential. This interest in others is exemplified in Woodsons final letter to Harland shareholders: Presidents may set strategy, but it is the employees who achieve results.




A Virginia firm uses a virtual office arrangement to combine the convenience and ...


A small firm can present an impressive front by using technology to implement a virtual office.

The Virtual Multioffice Firm


By   Anita Dennis
 
Anita Dennis is a Journal contributing editor and the author of Creating a Virtual Office: Ten Case Studies for CPA Firms
EXECUTIVE SUMMARY
  • BROWN & BROWN IS A TRADITIONAL services firm made up of two partners plus part-time, temporary accounting employees and administrative help. The partners work out of their home but retain two small office locations in downtown business districts.
  • WHEN THE PARTNERS DECIDED in 1996 that they didnt need all of their existing space, they downsized to small offices in suites they shared with others. They now perform almost 90% of their work from a basement office in their home. They also use the existing secretarial staff when they need it.
  • OFFICE RENTAL OVERHEAD DROPPED over $2,000 per month as a result. Clients were largely unaware that anything had changed.
  • THE FIRM S GOALS are to enhance remote processing and communications capabilities so it is easier to work from remote firm or client locations.


I s it possible to operate and be perceived as a multioffice firm when both of the partners actually perform the bulk of the practices services in their home? One Virginia firm has proven that it is. Brown & Brown is a traditional services firm made up of two partners who are married to each other, plus part-time accounting employees and administrative help who work as needed. The firm performs tax, accounting and audit services. The partners work out of their home but retain two small office locations in downtown business districts.

The firm has not notified clients of this change, so they have been completely unaware of the 1996 switch to this virtual office arrangement. The change has enabled the partners to cut overhead substantially and better juggle their personal and professional lives.


THE FIRM
Steven and Beth Brown opened their own firm in a 1,200-square-foot office in Tysons Corner, Virginia, in 1981. They later bought another practice in Arlington with 1,200 square feet and three staff members. At that point, we had the two of us as partners and two offices, Steven Brown explains. The partners decided that was too much office space, so an attorney friend took over the Arlington lease and the firm continues to rent a small office from him and use his secretary in order to retain a presence there. This allows for continuity with clients and offers clients a convenient location to drop off work.

Problem: How to maintain several convenient locations for clients while lowering overhead costs.
Solution: Switch to a virtual office.

When they downsized the Arlington office, the partners also decided they no longer needed the large Tysons Corner suite. The majority of the rent was going to house file space and underused lobbies and conference rooms, Brown says. The partners closed their existing large office in Tysons Corner and rented space in a shared office suite in the high-rise office building across the street, which has become the firms official address. The firm has a 150-square-foot office, plus use of three conference rooms. The two partners moved into a finished basement suite in their home in Great Falls, Virginia, and now perform 85% to 90% of their work at home (or at clients offices). The change has saved more than $2,000 in monthly rent (although the electricity bill at home increased $150 per month).


A NEW HOME
The firm has made the shared office suite in Tysons Corner its main home away from home. We do all our tax season meetings at Tysons Corner, bringing client files to that office as needed (all paper files are now stored in the basement home office).

The arrangement offers cost savings in several areas. The move from the large suite in Tysons Corner cost under $500. The firms rent has dropped from around $3,000 to $650 per month for the shared office suite in Tysons Corner and for the shared space in Arlington. In addition, secretarial help is available in the shared suite for under $25 per hour. We get help as needed; when the secretaries arent working for us, we dont pay them.

All phone calls are routed to Browns home. The firm has two lines in each location, all connected by a local phone companys Centrex system. If one partner is at a different locationsuch as the office suite or a clients officeits easy to set up a conference call with a few keystrokes on the phone pad. If the partners are not home, a voice-mail system picks up after three rings. Both Browns carry pagers and cell phones and are able to return calls in minutes. The partners retrieve their mail from Tysons Corner daily. They have a copier in their house, plus use of the attorneys copier in the Arlington office and of a copy room in Tysons Corner.

Brown says the partners dont hide their arrangement from clients, but they dont broadcast it either. Clients rarely came to the old, large Tysons Corner suite, and when they do drop in expecting to find the partners at either office, the explanation the receptionist gives is that they are out of the office or working at home that day. That really cuts down on unannounced walk-ins, Brown says. I want clients to get used to dropping off their material and meeting the secretarial staff. I want them to understand that were accessible, but they need to make appointments.

Brown obtained zoning clearance for a professional office in the home as soon as the couple moved into it because he anticipated someday working there. The partners office insurance policy covers all three locations. One drawback to working in a residential area is the isolation from the business district.

When we had an office outside the house, we could call an attorney or banker and hop out to lunch. Although we can do that now, we have to travel.


TECHNOLOGY
The firm has upgraded all its computers to Pentium 200s running Windows NT and buys only Compaq professional workstations for reliability and onsite service. Our new server is fault-tolerant, with a Raid disk controller and redundant power. That way if a power supply or hard disk fails during tax season, the server will continue to run until the failed part is hot-swapped with its replacement. We also bought a seven-tower CD server this year to house our RIA tax research and tax forms CDs so we no longer had to toss the CDs across the room to each other. Installation of the CD server was a snap. After I attached the network cable, our server automatically assigned it an IP address from its DHCP service and the Windows NT network neighborhood was able to see all the loaded CDs.

To access their computers from remote locations, they have moved from PC Anywhere to combine the capabilities of Windows 95 and Windows NT, making use of the Windows peer-to-peer networking capability. The firm uses a Windows NT SBS server, for small businesses, and has installed an ISDN dial-up connection in the home office for faster access to the Internet. The Arlington office has a T1 line, which can handle up to 24 voice and data channels, paid for by the firms neighbor in that location, and the Tysons Corner office building is installing one, which will cost the partners about $100 a month to use. Once this line is functional, the partners hope to achieve even easier communications among the three offices.

We are shooting for remote processing, Brown says. I hope to put small workstations in both the Arlington and Tysons Corner offices that can access the main server hard disk, now in our home office. Ultimately, I would like to enable myself and some added staff people to spend most of our time out in the field. I find generally that if I bring a clients work into the office, it doesnt get completed as quickly as if it is done onsite at the clients location, because of phone calls and other priorities that come up. However, right now, I dont always have all the tools I need at a clients site. Invariably, you dont bring the file you need. With swift access to these tools through a technologically unified group of offices, work will be completed more efficiently, he hopes.

The firm has set up Windows NT remote access server on at least some clients systems so the partners can call in and either operate their systems and print reports or download e-mail and data to work on in the home office. The firm first used its existing 486 computers when it moved to the virtual office but has since given away the last of its pre-Pentium machines.

The firm has always looked for power in its technology. Generally, weve had more muscle than any of the clients, which at times could be frustrating. The firm has purchased a wide variety of softwareeven to perform the same applicationsin order to mirror clients software. We find its easier to take their data disks and work in our offices in order to do their taxes than to ask them to do reports or to spend time at their offices ourselves. Usually, the computers at their offices dont have enough memory to print the reports we need, even if theyre on Windows. When a client has an older version of a software package, Brown imports and upgrades their data to his firms level.

When the firm upgraded to Pentiums, the partners were frustrated in an attempt to salvage some of their old PCs. We took our old 486 100the best of our 486sand converted it to a Windows 95 workstation, thinking we would do that with all our old 486s if that worked. I will never try that again. Brown did the conversion himself, and it took about three days to get it configured and operational, and we had to replace two or three cards and locate current software drivers. The financial cost seemed minimal, since it was under $200 for a Windows 95 CD and about $100 for a new sound card, but the toil and trouble werent worth the results. The machine does function, but because it couldnt do all Brown had hoped, it will be set aside for use by his children and for specialized firm functions.


DUAL BENEFITS
For tax season, the partners use the office in the shared suite to meet clients, so clients experience with the firm is little changed. To Browns surprise, he has been very disciplined in the new environment. I thought Id never get to the basement in the home office. Instead, what I find is I dont particularly come home from work. At quitting time I eat dinner, play with the kids, then go downstairs and finish something. The Browns have two children, ages 7 and 12, which he says is old enough for them to understand the difference between work and family time.

The Browns maintain a professional demeanor in their home office. Every morning I dress in coat and tie before going down to the basement, Brown says. This helps me go to work and gives me discipline. Dressing in business clothes is helpful if a client calls and needs to meet me either at Tysons or at the clients office.

Brown believes the virtual office arrangement has both personal and professional advantages. He notes that staff are praised for being away from the office in some businesses. When I was with a bigger firm, if you were in the office, you werent being productive anyway.

And while he is certainly being productive in his new setup, it also gives him more time for his family. When Im doing taxes at night, its so much nicer doing them at home. My kids get to see me.




Credit union bill wins committee approval.



Credit Union Bill Wins Committee Approval
The Senate Banking Committee approved, by a 16 to 2 vote, a bill that would impose new audit requirements on credit unions. The Credit Union Membership Access Act (HR 1151) is intended to protect and preserve credit unions and their members while keeping their business practices safe and sound. The House approved HR 1151 on April 1.

The bill requires credit unions with over $500 million in assets to obtain an annual audit of their financial statements. It also requires credit unions with over $10 million in assets to follow GAAP, or accounting principles prescribed by the National Credit Union Association (NCUA) that are no less stringent than GAAP, for financial statements and reports filed with the NCUA.

The NCUA presently allows supervisory committees to engage nonlicensed individuals to perform an opinion audit on their behalf. Senate Banking Committee Chairman Alfonse M. DAmato (R-N.Y.) said in a statement that the requirements for the voluntary use of outside auditors are in compliance with state accountancy laws, including licensing requirements.

The bill sets up three kinds of common bond formations: single common bond, multiple common bond and community credit unions. It grandfathers all current bond arrangements and ensures that credit unions will not be able to expel current members.

The bill now must win full Senate approval; however, it is not likely that it will reach the Senate floor until the fall.

International Rules Streamlined
The FDIC revised three different groups of rules and regulations for international banking, consolidating them into one regulation, Part 347. The new regulation reduces filing requirements, allowing banks to compete abroad more effectively.

Changes to the rules, which had not been revised since 1979, were part of the FDICs review of its regulations and policies under section 303(a) of the Riegle Community Development and Regulatory Improvement Act of 1994. Most important for CPAs, Part 347 simplifies accounting for fees on international loans. Instead of requiring specific accounting procedures, the new regulation directs banks to follow generally accepted accounting principles.

Not only does the new regulation ease filing burdens for banks that wish to open a foreign branch or make a foreign investment, but it also amends regulations governing insured branches of foreign banks and specifies deposit rules for uninsured state-licensed branches of foreign banks.

New Part 347 is effective July 1. For more information, contact Christie A. Sciacca, associate director, FDIC Division of Supervision at 202-898-3671 or Jamey Basham, counsel in the FDIC Legal Division at 202-898-6865.




News, notes and items of interest.

F Y I

Short takes, notes and items of interest

FASB 125 and Governments
¤ The Government Finance Officers Association said in its April 24 newsletter that although FASB Statement no. 125, Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities, may not apply to governments, it may affect them anyway: Statement 125 affects counterparties to repurchase transactions with governments and may change the nature of the underlying repurchase agreement from a buy-sell transaction to a collateralized loan. Treating repurchase transactions as collateralized loans would make them illegal for local governments in many states.

Promotion in Norwalk
¤ Robert J. Freeman, CPA, PhD, is now vice-chairman of GASB. He has been a member of GASB since 1990 and is distinguished professor of accounting at Texas Tech University. Previously, Freeman was national director of state and local government activities at Arthur Young & Co. He was a charter member of the National Council on Governmental Accounting, the GASBs predecessor, and sat on the AICPAs government accounting and auditing committee.

Plain Speaking on Online Taxes
¤ The National Governors Association passed a resolution urging Congress to regulate Internet sales but not to tax Internet access or monthly fees. The resolution asks individual states to establish single tax rates for all e-commerce or to impose no taxes at all.

Get Along to Get Ahead
¤ Alan R. Schonberg, chairman of Management Recruiters International, a large executive placement company, has written a book, 169 Ways to Score Points with Your Boss . Some of Schonbergs favorites: Avoid saying, Thats not my job; get to the pointbrevity is a virtue; have a passion for your job; and eagerly accept any offer to be compensated on a performance basis.

Asian Businesses
¤ The number of Asian-owned businesses increased 56% from 1987 to 1992, according to the most recent Census Bureau data. During the same period, receipts generated by these businesses increased 163%, to $96 billion. Owners of Chinese origin have 153,096 businesses, those of Korean origin have 104,918, and those of Asian Indian origin have 93,340.

 

But They Werent Audited
¤ Dutch researchers apparently have found some of the oldest accounting examples known. In an appendix to a 15th century Italian manuscript are 266 journal entries, some of which refer to well-known companies of the time. The entries include taxes and brokerage costs as well as references to major commodities of the day, such as silk and grain. An English translation is being prepared.

Online Scholarship Awarded
¤ Judy Short, a senior at Arizona State University, won the $3,000 Account for Your Future scholarship. The award is sponsored by AccountingNet, Great Plains Software and IBM. Short, a member of Beta Alpha Psi and the Asian Business Leaders Association, will join Andersen Consultings technology group after graduation. This is the first scholarship offered entirely online, through AccountingNets Web site, and it drew over 300 applicants worldwide.

CPA Goes to Washington
¤ President Clinton appointed 100 business leaders to attend the first national summit on retirement income savings. Joining the group will be at least one CPA, Diahann W. Lassus, of New Providence, New Jersey. She is co-owner of Lassus Wherley & Associates, a financial planning firm. Lassus will represent the National Association of Women Business Owners, of which she is president-elect.

New Fraternity Chief
¤ Bernard J. Milano is the new president of Beta Alpha Psi, the national accounting fraternity. Milano is the executive director of the KPMG Peat Marwick Foundation, the firms philanthropic arm, and partner-in-charge of university relations, diversity and alumni programs.

SEC Fellows
¤ The SEC Office of the Chief Accountant has named Eric W. Casey, Pascal Desroches and Paul R. Kepple professional accounting fellows for two-year terms, which began in June. Casey and Desroches are senior managers in KPMG Peat Marwicks department of professional practice in New York, and Kepple is a senior manager in the national office of Price Waterhouse in Stamford, Connecticut. They will be involved in the study and development of rule proposals and will work with professional accounting and auditing standard-setting bodies. The SEC started the fellows program in 1972.




Even small state CPA societies have Web sitesfor their members, the general public ...


State CPA societies have created a virtual network.

A More Perfect Union


By   Richard J. Koreto
 

Y our state CPA society probably has a Web site with the information you needas long as you stay in your state. But if youre a controller whose company is expanding into other states youll need sources of local online information. If youre a practitioner who uses the Internet to cross state borders, youll need the Web for statewide networking, regulatory affairs and practice management issues. All across the country, state societies are taking a variety of approaches to provide information and other services to members and the general financial community. See what your neighbors are doingeven if youre local and planning to stay that way, you should learn about other states so you can help your own state society site grow. (For links to all state sites, go to www.aicpa.org/states/info/index.htm )


WHAT TO DO?
AccountingNet, an online resource for CPAs, has worked with about 30 state societies in the creation or maintenance of their Web sites. Shane Gillispie, an AccountingNet cofounder and vice-president of business development, spoke about what a state society site can achieve online.

There is no one feature a society site must have, said Gillispie. Each society knows best what its member needs are. However, he did suggest four basic areas a site can cover:

  • News from a brief daily bulletin on local business news to explanatory features on new IRS or state tax regulations.
  • Research online libraries. A society can create its own database of state-related business information and can link to online research pages at the FASB ( www.fasb.org ) or IRS ( www.irs.ustreas.gov ).
  • Products and services such as software or discounted airline tickets. Societies can link to local or national companies that sell what members may want.
  • Community interaction between colleagues, using online forums, for example. Local job listings help firm owners and new graduates find each other. Referral services let a tax practitioner quickly find an auditor for a clients new company.

Overall, Gillispie emphasized the Internets cost savings: As more CPAs go online, Web postings can take the place of expensive mailings for newsletters and CPE catalogs. Publishing on the Web is like owning a printing press and the U.S. post office, he said.

The Journal looked at large, established sites and smaller, fledgling ones and discovered that even if societies arent consciously planning their sites around the four areas noted above, they usually address all of them. But how they meet their members needs varies with state size and geography.


COLORADO
www.cocpa.org
Visitors to this site read about late-breaking national news right on the home page. The Colorado society site includes links to common national sites, like the IRS, as well as state-specific pages, such as the state revenue department. For members, theres a frequently asked question list covering membership requirements, peer review and state affinity programs. The site also solicits classified ads for both its Web site and its print magazine. We were already developing our site when the AICPA announced its state society Web site initiative program with Microsoft, said Liz Julin, the societys public relations manager. It was too good to pass up. (See Highlights, JofA, Oct.96, page 4.) Both the staff and members designed and programmed the site with the help of Microsoft training, and the staff handles maintenance entirely in-house. Colorado uses Microsofts FrontPage, a common Web design program for small to midsize sites, available for under $200.

Our main purpose is to be a 24-hour communication tool for our members, continued Julin. Do you need a state tax form at 2:00 a.m.? We have that. We even have links to other states sites for their tax forms. Julin said the society has big plans for expansion, including a members-only section with a member directory, referral service and possibly a salary survey.


NEVADA
www.nevadacpa.org
According to Director of Communications Jennifer Morganti, the Nevada society had help from Microsoft, AccountingNet and Netcom, an Internet service provider. Nevadas site is still fairly new, but it has some interesting features and plans for the future. Already it posts a technology resource center with links to technology vendors members might want to do business with. Morganti spends about one day a week working on the site with FrontPage and hopes to provide current news for members. Many businesses are relocating to Nevada, providing opportunities for the states CPAs and the societys site. Id like our site to be useful to CPAs and their clients and employers, with general business information for relocating companies, said Morganti. She plans to add demographic data and descriptions of how to get business licenses in different counties, for example.


DELAWARE
www.dscpa.org
Dana Rubenstein, the Delaware societys executive director, is the sole staff member and thus has limited time for site maintenance. Nevertheless, Delaware was able to set up the site in partnership with AccountingNet. Initially, Delaware posted portions of its newsletter and subsequently added an online membership application and a link to the site that administers its CPE. For a while one society member donated his time to update it. When this became too time-consuming, Rubenstein brought it in-house to work on it as her schedule allows. Even with the time crunch, shes been able to post state committee descriptions and schedules and a description of federal and state electronic filing programs. Were planning some expansion, probably for this summer, such as a members-only section. We came up with ideas for additions by forming a technology committee of members. Ive passed these suggestions on to AccountingNet, which gives us our technological support. We also link to their general forums. Meanwhile, right on the home page, Rubenstein is soliciting e-mailed suggestions for the societys growing site.


OHIO
www.ohioscpa.com
Were proud that the Ohio societys web siteCPA.accesswas selected by the American Society of Association Executives as one of 250 world-class Web sites, said Clarke Price, the Ohio societys executive director. With just about every association having a Web presence, being recognized for the quality and depth of our site was a major compliment. Ohio also took advantage of the Microsoft initiative and designed the site with the help of an outside consultant. Today the staff maintains the site, using FrontPage. This especially large site posts a substantial news section, a member directory (just for other members) and peer review information. For the general public theres a description of what CPAs do and tax advice. Especially impressive is an online magazine for students, designed in fluorescent colors with bold graphics. It contains profiles of CPAs with interesting jobs and Uniform CPA Examination help.

We want to make the student magazine interactive, to help students get their questions answered, said Price. We recently started a general forum for our members and weve posted CPE class schedules we can update daily. Of course, all these features take time and personnel commitment. Price estimates the society Webmaster spends 25 hours a week working on the site; other staff members spend about 10 man-hours a week as well.


MISSISSIPPI
www.ms-cpa.org
This year-old site is also a product of an AccountingNet partnership. We spoke with some other state societies and decided outsourcing was our best option, said Executive Director Jack Coppenbarger. Were happy with that arrangement. Currently, the site has an information desk for news and a search engine for all postings. Theres a CPE catalog database searchable by several fields. But we havent scratched the surface yet, said Coppenbarger. We want to grow. We want members to know this is a good resource, with more links and resources they want. The society uses the new technology of the Web to encourage members to participate in the traditional in-person society activities. Mississippi has realized that a Web site is not an end in itself; its about bringing people closer together by fostering communication. As it says on the site, pointing out the advantages of society activities: along with professional awards come personal ones. By putting MSCPA members in touch with others who share common goals, values and ideals, the MSCPA has fostered many lifelong friendships.


WHEREVER YOU GO
Does a states client pool consist of factories or farms, technology or tourism? Columbus, Ohio, by itself, has almost as many people as the entire state of Delaware. The opportunities and problems for each states CPAs, and CPA society, vary accordingly. With the Web, every state society, of course, has a chance to provide local assistance to its CPAs. Whats more, it can provide this help, as well as display its uniqueness, across the country and around the world.




The IASC approves statements on discontinuing operations and impairment of assets.

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