Professional Issues

The AICPA, the National Association of State Boards of Accountancy (NASBA) and Prometric, a technology-based testing company, announce the April 5, 2004 commencement of a computerized version of the uniform CPA exam ( ). Prometric will offer the test up to six days a week during two of every three months of the year. The final paper-based version of the exam will be given on November 5 and 6 of this year.

The Bush administration launches a Web site ( ) where interested parties can find, review and comment on proposed rules any government agency publishes in the Federal Register. Earlier research by the Department of Transportation revealed that accepting comments online dramatically increased the volume of responses. Consequently, as part of his fiscal year 2002 management agenda, the president called on all federal regulators to collectively foster online rule making. Anyone preferring to submit comments by postal mail may continue to do so.


6 key areas of change for accountants and auditors

New accounting standards on revenue recognition, leases, and credit losses present implementation challenges. This independently-written report identifies the hurdles that accounting professionals face and provides tips for overcoming the challenges.


How tax reform will impact individual taxpayers

Amy Wang, a CPA who is a senior technical manager for tax advocacy at the AICPA, answers to some of the most common questions on how the new tax reform law will impact individual taxpayers.