Last Chance to Support Independent Board for Private Companies - Comment Letters Due January 14
The deadline is fast approaching for members to send the Financial Accounting Foundation a comment letter supporting the creation of an independent standard setter for private company financial reporting in response to FAF’s Plan to Establish the Private Company Standards Improvement Council. Last year the Blue Ribbon Panel on Standard Setting for Private Companies, sponsored by the AICPA, FAF and the National Association of State Boards of Accountancy, recommended that a new board set exceptions and modifications in U.S. GAAP for private companies, with such a board having the authority to act without ratification by the Financial Accounting Standards Board. FAF’s proposal requires decisions of the planned council to be subject to the FASB approval process. The one FASB Accounting Standards CodificationTM would remain. Send a comment letter now - it takes just 30 seconds. The comment period closes this Saturday. Visit aicpa.org/privateGAAP for more information.
Registration is open for CITP credential exam
Beginning July 25, you must pass the CITP exam to apply for and attain the AICPA Certified Information Technology Professional credential. This requirement does not affect existing CITP credential holders. July 20 is the deadline to register for the exam, to be held July 25 through Aug. 31. Register for the CITP exam.
Beyond Membership. Be Accountable.
How can your tax-deductible contribution strengthen the future of your profession? In more ways than you can imagine. As a CPA, you are a member of a growing, vibrant professional community that has bestowed great opportunities upon you. As you plan your future, you may be considering ways in which you can help ensure a bright future for the profession, and for the next generation of CPAs.
The AICPA Foundation is a non-profit 501(c)(3) entity established in 1922 with the goal of advancing the CPA profession - particularly in the areas of accounting education and outreach, scholarships and fellowships and diversity and inclusion. By making a gift to the AICPA Foundation you make a difference in the lives of many, for generations to come.
Deadline for Submissions to Raising Financially Fit Families Approaching
The AICPA’s first book for a consumer audience, tentatively titled Raising Financially Fit Families, will be filled with lessons provided by CPAs from all over the country. The goal is to help consumers understand more about their finances, learn saving and budgeting strategies and--most importantly--instill good saving and spending habits in children. The submission deadline is Tuesday, Jan. 31, 2012. For more information, click here. If you have any questions or concerns, please contact Heather O’Connor.