State Societies


STATE SOCIETIES
The New Hampshire Society of CPAs was awarded a Proclamation in Financial Literacy from Gov. John Lynch for teaching financial literacy in high schools.

The Virginia Society of CPAs received the inaugural Commonwealth Community Service Award for its community outreach program, “Financial Fitness—Improving the Financial Health of Virginians” (www.financialfitness.org).

The North Carolina Association of CPAs created a new financial literacy initiative through its Young CPA Gulf Coast Service Camp. This effort will give young CPAs an opportunity to help individuals, small business owners and students, who have been affected by Hurricane Katrina. For more information, go to www.ncacpa.org/YCPA/Community_Service.htm.

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Getting leases in line

ASC Topic 842 is a relatively simple standard that can mean profound changes for organizations with leases. This report examines what makes this standard challenging and describes new ways for CPAs to add value.