The SEC publishes a collection of 33 frequently asked questions and answers, prepared by its staff, on the use of non-GAAP financial measures ( www.sec.gov/divisions/corpfin/faqs/nongaapfaq.htm ). Topics discussed include transition issues, business combination transactions, item 10(e) of regulation S-K, EBIT and EBITDA, segment information, item 12 of Form 8-K, foreign private securities issuers and “voluntary filers.”
The Public Company Accounting Oversight Board (PCAOB) launches an upgraded Web site ( www.pcaobus.org ) that is easier to navigate and contains news, archived webcasts and details on rule making, standards, registration and enforcement, as well as information on how to contact the board or learn more about its employment opportunities.
A new segment of the AICPA Web site enables members to track Sarbanes-Oxley-related proposals from federal regulators other than the SEC or the PCAOB ( http://cpcaf.aicpa.org/Resources/Sarbanes+Oxley/The+Changing+Regulatory+Landscape.htm ). Members visiting the site also can review the status of legislative, regulatory or executive branch proposals in any state where a firm or company does business ( www.aicpa.org/download/statelegis/state_acctg_reform_legislation.pdf ).
To help CPAs prepare “career day” or other classroom presentations, the AICPA releases the CPA Information Package (CPA iPack), which includes a 15-minute videotape, an education handbook, career guides and bookmarks. The iPack is available on the Web at www.cpa2biz.com/cs2000/products/cpa2biz/cpa+ipack.htm?cs_catalog=cpa2biz .
Highlights of the Institute’s spring council meeting are available on the Web at www.aicpa.org/stream/spring_council_03/hghlts.htm . Topics discussed include the computerized CPA exam, the AICPA student recruitment campaign, a report from the special committee on state regulation and remarks by William F. Ezzell, chairman of the board of directors, and Barry C. Melancon, president and CEO.
In the May issue of the JofA , the From The Tax Adviser column directed readers seeking more information to see The Tax Clinic, “edited by Pamela Pecarich,” in the May 2003 issue of The Tax Adviser. It should have said, “edited by Pamela Packard.”