The CPA exam is undergoing its largest overhaul since moving from paper and pencil to computers. Jan. 1, 2011, will mark the launch of what people behind the exam are calling CBT-e (Computer-Based Testing evolution). While news of these changes is obviously important for those who plan to take the
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Professional development
Test Your Knowledge of International Standards
More than 100 countries around the world, including all major U.S. trading partners, now use or have committed to adopting IFRS. Nearly as many use international auditing and assurance standards and international ethics standards developed by independent standard-setting boards under the International Federation of Accountants. To ensure that CPAs have
AICPA Extends Contract With CPA Exam Partners
The AICPA, the National Association of State Boards of Accountancy (NASBA) and Prometric have extended until 2024 their contract to jointly offer the CPA Examination in the U.S. The agreement represents a 10-year extension of the exam contract. Under the partnership, the AICPA is responsible for developing and scoring the
How to Get Experience in M&A-Related Disputes
Editor’s note: This is a sidebar to “The CPA’s Role in Quantifying Post-Acquisition Dispute Damages,” March 2010. Most CPAs with an accounting and auditing background have advised a client who has acquired or sold a business or business interest. Disputes may arise related to the M&A transaction as outlined
Breaking Into Business Valuation
An aging population, increased regulation and the move toward fair value reporting have led to increased demand for valuation services in recent years. As baby boomers approach retirement and start thinking about succession and estate planning, the first step is often valuing the family business. Changes to the tax code
Accounting Doctoral Scholars Program Picks Second Crop
Quality remains high in the second batch of future accounting Ph.D.s participating in the Accounting Doctoral Scholars (ADS) program, say program officials. Thirty applicants for enrollment in fall 2010 were selected to receive the program’s annual stipend of $30,000 for up to four years while pursuing a doctorate in accounting
All the World’s a Stage
With 93 member and correspondent firms and more than 30,000 total staff in 76 countries, RSM International is the sixth largest global network of independent accounting and other professional services firms. One force helping unify that constellation of laws, languages and cultures is Jean M. Stephens, a CPA who originally built
PCAOB, CAQ Offer Academic Research Funds
The PCAOB and the AICPA-affiliated Center for Audit Quality (CAQ) are offering funds to support academic research on auditing and oversight topics. The PCAOB’s Academic Fellowship Program is seeking an experienced accounting researcher and academic, with an active interest in auditing and oversight matters, to serve as an academic fellow at the
Community Service in Down Economic Times
The stress of economic hardship can cloud corporate priorities. As a result, corporate citizenship activities may suffer at a time when the help is most sorely needed. Accounting firms and other businesses may lose sight of the fact that these volunteer activities make a positive difference in the community at
Get Credentialed in Forensics
Dr. Robert L. O’Block is the founder of the American College of Forensic Examiners Institute (ACFEI), an independent scientific and professional association providing education, certification and representation for forensic examiners worldwide. This Q&A was prepared by AICPA Editor-at-Large Rick Telberg. What makes forensic accounting such a hot career choice right
Best Remedy for Recession is Education
Tom Vucinic, CPA, is the president of Becker Professional Education, a global leader in professional education, serving the accounting, finance and project management professions. This Q&A was prepared by AICPA Editor-At-Large Rick Telberg. What are the key trends and issues impacting CPAs today? And, what should CPAs be doing to
NABA: Forty Years of Growth
From seeds sown 40 years ago this month in a gathering of accountants in the living room of CPA Frank Ross, the National Association of Black Accountants (NABA) has grown to more than 50 professional and 150 student chapters nationwide. To succeed, it has had to reach consensus on its
Another Perspective on CFO Prerequisites
“CFO 101: Five Prerequisites” (Sept. 09, page 38) was a great article! In fact I am going to redo my resume to specifically identify these skills in my background. I think you hit the nail on the head in regards to what skills a CFO needs but find that many
Reigle Receives Beta Alpha Psi 2009 President’s Award
Dennis Reigle, the AICPA’s director of Academic & Career Development, received the President’s Award from Beta Alpha Psi. The award is given to an individual who has had a significant impact on Beta Alpha Psi over many years. Reigle was Beta Alpha Psi president in 2002 and 2003 and is
Auditing at the Speed of Change
Henry Keizer is the global head of audit for KPMG International and U.S. vice chair of audit for KPMG LLP. He also is a member of the AICPA board of directors. He spoke with JofA Publisher and Editor-in-Chief Joanne Fiore following the AICPA’s board of directors meeting in August and
New AICPA Chairman Outlines Goals, Council Releases GAAP Survey at Fall Meeting
CPAs must embrace change if they are to succeed in the future, newly elected AICPA Chairman Robert R. Harris said Tuesday during his inaugural speech at the Institute’s fall Council meeting in Las Vegas, where he began a one-year term. Harris has served the Institute in many capacities, most recently
Teach Young CPAs Well
On the day Barry Melancon passed the CPA exam, two partners in the small Louisiana firm where he worked did something that paved the path to his role as president and CEO of the AICPA. First, the managing partner told him he needed to make a personal contribution to the
CPA Exam to Undergo Transformation
The Uniform CPA Examination will be transformed beginning in 2011, with a new structure, format and content and supported by enhanced technology, the AICPA said in a letter Friday to state boards of accountancy. The improvements, designated CBT-e for Computer-Based Testing evolution, will be launched Jan. 1, 2011, simultaneously with
New Exam Options Offer Pathways to PFS Credential
An examination leading to the AICPA’s Personal Financial Specialist (PFS) credential is now available in hundreds of cities nationwide, along with a live, interactive online offering of the exam’s case-study component. Together, these features of the new PFS Pathway program are intended to allow CPAs anywhere to obtain the PFS
Revised CITP Credential to Take Into Account Experience and Similar Credentials
The AICPA has revamped its Certified Information Technology Professional (CITP) credential to reward real-world experience, lifelong learning and to recognize similar credentials from other organizations. The Institute announced these revisions at its AICPA TECH+ Conference in Las Vegas. The CITP credential, launched in 2000, recognizes accounting professionals who combine IT
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