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Headlines:
News: SEC to Delay 404(b) for Small Companies
Listserv Tip: Start a Discussion
Web Site Feature: Accounting and Auditing News
News: Business Combinations, Non-Controlling Interests
Featured Member: Kathryn M. “Kay” Means of Florida Atlantic University College of Business
News: Legislative Bill Gives County Clerks Authority to Audit Spending
News: The Revenue-Recognition Rules Paradox
Welcome New Section Members: the Accounting & Auditing Section is Growing
Read the Buzz: Listserv Hot Topics
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News: SEC to Delay 404(b) for Small Companies
CFO.com – February 4, 2008
The Securities and Exchange Commission has voted unanimously to recommend a one-year delay of the date when small companies must comply with the auditor-attestation provision of the Sarbanes-Oxley Act so that it can complete a study on the costs of compliance with Section 404.
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Listserv Tip: Start a Discussion
What issues most affect your business? Need help with a particular topic? Start a discussion with over 200 Florida CPAs by using the Accounting & Auditing Section Listserv. If you know of an upcoming event, such as the one that was posted to the Listserv last night about the free upcoming FASB Accounting Standards Codification Webcast (3/13/08, 1:00 EST), or if you’ve read an interesting article, you can post that link to the Listserv!
Log in to the Listserv today. To start a discussion, click here!
Once you log in and the Listserv opens, click on a discussion topic. To post your message, just follow these simple steps:
- click on “New Topic” in the right side of the discussion topic bar
- enter the new topic name in the Topic field. Keep the topic name short
- type in your message
- when you complete your message, click “Post.”
It’s that easy! If you need assistance with the Listserv, e-mail sections@ficpa.org, or call (800) 342-3197 (in Florida only) or (850) 224-2727, ext. 389.
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Web Site Feature: Accounting and Auditing News
Were you aware that there is a place on your Accounting and Auditing Section home page that can direct you to the most current news?
Visit the Accounting and Auditing Section News page. With one click you can find news pertaining to:
and much more!
To establish a news feed (RSS) to deliver Accounting & Auditing Section news directly to your computer desktop, visit the FICPA RSS Feed FAQ's. For assistance with this productivity tool, e-mail webmaster@ficpa.org.
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News: Business Combinations, Non-Controlling Interests
WebCPA.com – February 19, 2008
FASB has issued Statements No. 141(R), Business Combinations and No. 160, Non-Controlling Interests in Consolidated Financial Statements. Effective for fiscal years beginning after December 15, 2008, the standards are designed to converge internationally the accounting for business combinations and the reporting of non-controlling interests in consolidated financial statements. The International Accounting Standards Board (IASB) planned to issue its counterpart standards IFRS 3 (revised) and IAS 27 (revised) in early 2008.
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Featured Member: Kathryn M. “Kay” Means of Florida Atlantic University College of Business, in Boca Raton
This month’s featured member is Kathryn M. “Kay” Means of Florida Atlantic University College of Business, located in Boca Raton. Kathryn M. “Kay” Means, Ph.D., CPA, is a Professor at Florida Atlantic University. She received her degree from Georgia State University in Atlanta, GA.
Kay has been a member of the FICPA since 1981 and a charter member of the Accounting and Auditing Section. Kay is also a member of the Accounting and Auditing Section's first Steering Committee. Click here to read Kay’s full bio.
If you would like to be featured in the A&A Section Newsletter, please send your bio (photographs are welcome too!) to sections@ficpa.org.
Note: Featured members voluntarily submit a professional biography for publication. The FICPA has not confirmed or verified the credential(s) of or confirmed any information contained herein, nor does it make any warranty in any respect about the featured CPA.
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News: Legislative Bill Gives County Clerks Authority to Audit Spending
Sun-Sentinel.com – February 19, 2008
Much has been written about the technical requirements of Statements on Auditing Standards No. 104-111, collectively called the Risk Assessment Standards (Risk Standards). So we'll focus on the 10 steps to effectively implement them.
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News: The Revenue-Recognition Rules Paradox
CFO.com – February 18, 2008
CFOs at technology companies have a love-hate attitude toward revenue-recognition rules, which play a part in determining how financially healthy their companies appear. While they believe the rules for recording revenue under U.S. generally accepted accounting principles are superior to international financial reporting standards, at the same time they think GAAP puts them at a competitive disadvantage to foreign counterparts.
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New Section Members – the Accounting & Auditing Section is Growing
Please extend a warm welcome to your newest fellow Accounting & Auditing Section members:
Stanislav Jansta of BDO Seidman, LLP, in Miami; John A. Laudadio of Laudadio and Associates, PA, in Coral Springs; Ashley Mackendrick of Tech Data Corporation, in Clearwater; and, Glenn A. Nakamura of Nakamura & Tra, LLC, in Tampa.
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Read the Buzz: Listserv Hot Topics
Visit the Listserv today to see what your fellow Section members said about:
Combined Financial Statements
New Web Resources for A&A Section Members
Questions and comments posted by:
John P. Callan
Jan Dobson
Kym M. Gerberich
Dave Hochsprung
Glenn A. Nakamura
Cecil Patterson Jr.
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