FYI


The AICPA’s annual National Healthcare Industry Conference will take place November 2–3 in New Orleans. “This is another important part of our ongoing commitment, which includes organizing a Disaster Recovery Resource Center and an AICPA volunteer center to provide pro bono tax assistance to Katrina’s victims,” said AICPA President and CEO Barry C. Melancon. The conference is designed for practitioners in firms that serve health care clients and financial managers, administrators and CFOs of hospitals, physician groups and managed care organizations. To register, visit www.cpa2biz.com or call 888-777-7077.

The IRS issued Publication 1460, Highlights of Tax Relief Provided to Taxpayers in Response to Hurricanes Katrina, Rita, and Wilma ( www.irs.gov/pub/irs-pdf/p1460.pdf ), which provides information on extended application deadlines, rules on claiming casualty losses and other important topics.

Optimism about the U.S. economy has declined among CPAs serving as corporate executives, according to a June 2006 AICPA survey. Fifty-four percent of respondents were neutral to very pessimistic about the economy, up from 41% in a December 2005 survey. But most—68%—were confident about prospects for their own companies. More than half—58%—projected moderate to substantial growth by the end of the year and said spending would remain strong, especially for information technology and new product development.

The AICPA Center for Public Company Audit Firms added new information resources on enhanced business reporting and XBRL for practitioners and members in industry who work for SEC registrants. Information on membership in the center is available at www.aicpa.org/CPCAF .

The Institute made it easier for CPAs to apply for its Certified Information Technology Professional credential ( www.aicpa.org/CITP ). Qualification standards have not changed, but the application process has been streamlined for convenience.

The AICPA Library Service at the University of Mississippi has begun providing Web-based access to its Digital Accounting Collection. A wide range of historical documents is available at www.olemiss.edu/depts/ or by clicking on the AICPA Library at Ole Miss link at www.aicpa.org .

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