Award Presented for Public Service
Karen Mayer Dwyer, CPA, of Metairie, La., received the 2009 Public Service Award for Individuals for her commitment to the community. The annual award recognizes members of the AICPA who have made significant contributions to their communities. Read the news release for more information. For past award winners, visit the Member Awards page on AICPA.org.
U.S. CPA Exam to Be Offered Outside U.S.
For the first time in its history, the Uniform CPA Examination will be offered outside the 55 U.S. jurisdictions in 2011. Today, the AICPA, National Association of State Boards of Accountancy and Prometric – the three organizations that jointly offer the CPA Examination in the United States – announced they reached an agreement to administer the exam in five international locations: Japan, Bahrain, Kuwait, Lebanon and the United Arab Emirates. The international exam will be the same as the one offered in the U.S., using the same computerized format and language. Those who pass the CPA exam will be eligible to qualify for licensure as a CPA through U.S. state boards of accountancy. Read the press release and this JournalofAccountancy.com article for more information. An FAQ also is available on the CPA Exam section of the website.
Council Discusses Private Company Financial Reporting Recommendations
A majority of members of the Blue Ribbon Panel on Private Company Financial Reporting have agreed to recommend to the Financial Accounting Foundation that there should be a new model of GAAP with exceptions for private companies and that a new standard-setting board consisting of people with private company experience should set those standards. Some of the panel's members participated in a discussion, moderated by outgoing chairman Robert R. Harris, CPA/CFF, regarding their recommendations. Read this JournalofAccountancy.com article for more information.