HEADLINES

    CDs That Pay 12 Percent?
    by Alan Haft
    It’s not guaranteed, but it's possible.
    Are Critics Against the Adoption of IFRS So Compelling?
    by Remi Forgeas, CPA
    Lending departments of financial institutions are showing more interest in IFRS. Can this be a sign that financial institutions are more inclined to finance U.S. companies applying IFRS?
    New Code Provision on the Economic Substance Doctrine
    by Janice Eiseman, JD, LLM
    Very difficult to apply, but necessary to understand in light of the strict liability penalties associated with the new provision.
    Should CPA Firms Send Out Newsletters?
    by Vikram Rajan
    What you’re missing out if you don’t.

    WEEKLY SPOTLIGHT

    Temp-to-Hire Option Gains Favor in Cautious Business Environment
    Sponsored by Robert Half Finance & Accounting
    As the economy improves, many firms are bringing in temporary accounting and finance professionals to help meet business demands and to alleviate uncertainty in the hiring process.

    Engagement Letters: Spell It Out
    Sponsored by CAMICO
    Clearly defining an engagement’s scope and services in a letter can help avoid misunderstandings, and minimize chances of a lawsuit. Follow this checklist of ‘Dos’ and ‘Don’ts’.

    NEW AND NOTEWORTHY

    New for 2010: The Keir Personal Financial Specialist Credential Exam Review Course
    Obtain your PFS credential!  Prepare for the November 2010 PFS Exam with a 32.5 hour CPE self-study course covering estate, retirement, tax, investment and insurance planning. Discounts are available. Order at CPA2Biz website. For more information, go to aicpa.org/pfp/pfs.

    Deloitte Forensic Center Study Shows 62% of Respondents Concerned About E-Discovery Challenges Posed by Social Media

    Additional Technical Practice Aid Issued on Subsequent Events
    Technical Practice Aid 8700.03 provides guidance on the effect of FASB Accounting Standards Update No. 2010-09 on ASC 855 on the auditor’s responsibilities for subsequent events relative to a conduit debt obligor.

    NEW IN THE STORE

    Free CPA Web Seminar: Develop a Compelling Client Business Case for Cloud-Based Accounting Services
    June 24, 2-3 pm EDT. Learn best practices for developing client proposals - including performing client assessments, costing and packaging your services with new checklists and estimating tools. Learn more.

    Applying A-133 to Nonprofit and Governmental Organizations
    Become more efficient and effective at planning and performing audits in accordance with the requirements of Circular A-133 and the Single Audit Act Amendments. Earn up to 24 CPE Credits.

    Compilation and Review Engagements Guide
    The Guide features information on implementing SSARS No. 19, Compilation and Review Engagements, including illustrative engagement and representation letters, sample compilation and review reports, detailed illustrations and case studies.

    Auditing Revenue in Certain Industries — AICPA Audit Guide
    This guide summarizes new standards, guidance and practices, and delivers "how-to" advice for handling audit and accounting issues related to revenue recognition, focusing on the computer software and high-technology manufacturing industries and related financial statement considerations.

    Didn't find what you were looking for? Visit the AICPA Store.

    AICPA TV 

    Applying FIN 48 and SFAS No. 109
     
    In this video clip, Bobby J. Carmichael, Ed.D., CPA, discusses FIN 48 with Scott F. Guertin, CPA and SFAS No. 109 with William I. Eskin, CPA, Scott F. Guertin, CPA; and Linda A. Paradis, CPA.

    More on AICPA TV

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