The AICPA publishes a document, Accounting and
Auditing for Related Parties and Related Party Transactions,
which it describes as a free “tool kit.” It gives CPAs an
overview of selected authoritative literature, SEC requirements,
best-practice guidance and illustrative checklists. ( http://ftp.aicpa.org/public/download/news/relpty_toolkit.doc
)
GASB issues an implementation guide to Statement no. 34,
Basic Financial Statements—and Management’s Discussion and
Analysis—for State and Local Governments (product code:
GQA34B). Interested parties can order it through the GASB Web site. (
http://stores.yahoo.com/gasbpubs/publications-implementation-guides.html
)
The Institute’s accounting standards staff releases
technical practice aids (TPAs) to help private (non-SEC-registered)
investment companies implement certain provisions of the AICPA audit
and accounting guide, Audits of Investment Companies,
especially those relating to disclosure of financial statement
highlights. The next update of the AICPA publication Technical
Practice Aids will contain the TPAs, which will be available
from the AICPA at 888-777-7077. (
www.aicpa.org/members/div/acctstd/general/private.htm )
As part of the computerization of the CPA examination,
the AICPA is recruiting volunteers willing to help revise the
examination’s content and assessment of skills. To qualify, interested
CPAs must either supervise or be familiar with the skills required of
entry-level CPAs. More information is available by phone at
609-671-2911 or by e-mail at rdevore@aicpa.org .
The American Accounting Association’s public interest
section presented its Exemplar Award to Eli Mason, CPA, for his
contributions to professionalism and the ethical practice of
accounting. ( http://accounting.rutgers.edu/raw/aaa/pi/newsletr/fall01/item03.htm
)
Correction
An item in the January News Digest ( www.aicpa.org/pubs/jofa/ jan2002/news1.htm#n9 ) incorrectly identified Edward J. Mazur, CPA, as GASB’s chairman. Tom L. Allen, CPA, is chairman and has served in that position since 1995. On July 1, Mr. Mazur will begin his second consecutive five-year term as a board member. |