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> Congratulations to the 2008-09 MSCPA Board of
Directors Nominees!
In accordance with
the MSCPA bylaws, the following nominees are reported now to the
membership. Seven members of
MSCPA have been nominated to serve on the MSCPA Board of Directors for the
2008-09 fiscal year. The current MSCPA Board of
Directors approved these candidates during its meeting earlier today.
http://www.mocpa.org/Content/22401.aspx
____________________________________________________________
> Want to be a Champion? Join the
Financial Literacy League!
Step up
to the plate and help promote financial literacy with the MSCPA Financial
Literacy League! This initiative provides an opportunity for CPAs to
share the financial literacy message with their organization or community
group. Hitting a homerun is easy, using the Powerpoint
presentations, speaking points, handouts and other resources that MSCPA has
compiled for you. Sign up today!
http://www.mocpa.org/Content/22592.aspx
____________________________________________________________
> Treasury, IRS Issue Pension Protection
Act Guidance
The Treasury Department and IRS issued a notice providing guidance
on the methodology used to produce the corporate bond yield curve and segmented
rates as part of enhanced pension funding rules for companies enacted by the
Pension Protection Act of 2006 (PPA).
http://www.irs.gov/newsroom/article/0,,id=174678,00.html
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> 2008
Annual MSCPA Awards
Do you know someone who has made a unique
contribution to the accounting profession? Is one of your clients a
leader and innovator? Nominate that person for the 2008 Annual MSCPA
Awards! Each year, the
MSCPA recognizes CPAs who have served their profession and/or community above
and beyond their responsibility. Nominations are accepted in five categories:
- Outstanding
Educator Award
- Outstanding
CPA in Government
- Innovative
User of Technology
- Public
Service Award
- Outstanding
CPA in Business & Industry
Nominations are due March 14, 2008. http://www.mocpa.org/Content/awards.aspx
____________________________________________________________
> AICPA Posts New Resource:
AICPA Plain English Guide To Independence
The purpose of the AICPA Plain English
Guide to Independence is to help you understand your independence
requirements under the AICPA Code of
Professional Conduct (the code) and, if applicable, other rule-making and
standard-setting bodies. Independence
generally implies one's ability to act with integrity and exercise
objectivity and professional skepticism. http://www.aicpa.org/download/ethics/plainenglish.doc
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> FASB
Releases Accounting Standards Codification
The FASB
Accounting Standards Codification™ will be the single source for all
authoritative accounting standards in the United States when it is released. During a one year verification period,
constituents are encouraged to use the online Codification Research System
free of charge to research accounting issues and provide feedback on whether
the Codification content accurately reflects existing U.S. generally accepted
accounting principles (GAAP) for nongovernmental entities.
http://www.fasb.org/news/nr011508.shtml
Register To
Review The Codification:
http://asc.fasb.org/home
AICPA Applauds GAAP Codification:
http://www.aicpa.org/download/news/2008/AIPCA...Codification.pdf
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> Congress Causes Biggest Tax Problem
End-of-year congressional votes to change the tax code have created havoc for
the Internal Revenue Service and top the list of problems bedeviling
taxpayers, according to an annual report released last week.
http://accounting.smartpros.com/x60346.xml
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> U.S. Joint Committee on Taxation Releases
List of Expiring
Tax Provisions.
Congress’s Joint Committee on Taxation has
released a list of tax provisions that expired at the end of last year, as
well as several scheduled to end this year and in subsequent years.
http://www.house.gov/jct/x-1-08.pdf
____________________________________________________________
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