May 22, 2007

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It's Time To Renew Your MSCPA Membership!

It's been a jam-packed year for CPAs in Missouri...and the coming year is not anticipated to slow down a bit!

 

MSCPA is hard at work aggressively promoting the profession to future generations, with the hope of ensuring a labor force that will be able to lead the profession with the large number of job vacancies coming as baby boomers retire in droves.  MSCPA's student initiative, LEAP, is nationally recognized as one of the best and most influential student recruitment initiatives in the country.

 

In addition, MSCPA is working hard to help the profession with interstate practice mobility--an issue that increasingly causes problems for our more mobile business environment.  Differing state laws prohibit easy practice across state lines.  MSCPA is working to introduce legislation to the Missouri legislature that will correct this problem.

 

Access to the most comprehensive CPE in the state, profession-specific publications, career services, and savings and discounts are just a few great reasons why 8,500 CPAs are committed members of the Missouri Society of CPAs. 

 

Your MSCPA membership renewals will be mailed later this month, which reflects the 2007-08 dues schedule, which was approved by the MSCPA Board of Directors.  You may view the new schedule athttp://www.mocpa.org/content/files/pdfs/0708dues.pdf

 

Renew your membership for a year that promises even more positive change for Missouri CPAs!

 

RENEW ONLINE...IT'S FAST AND EASY!

https://www.mocpa.org/Content/Login.aspx?ReturnUrl=%2fMemberNet%2fSecure%2fChoose.aspx&emi=1

 

Learn More About FIN 48!

FIN 48 adds major new tax documentation and disclosure requirements on a scale unseen since passage of the Sarbanes-Oxley Act in 2002--and is now in effect for fiscal years ending December 15, 2006. You need to know how to:

  • Define what constitutes a tax position
  • Apply the more-likely-than-not recognition threshold
  • Measure the largest amount of tax benefit available under FIN 48

    MSCPA offers four-hour courses to help you learn about the details of FIN 48!

    St. Louis a.m.

    St. Louis p.m.

    Kansas City a.m.

    Kansas City p.m.

     

    > Will FIN 48 Spark State Tax Scrutiny?

    Accounting for uncertain tax positions has never been a cut-and-dried exercise. But now another wrinkle -- this time having to do with state tax authorities -- seems ready to emerge, according to CFO Magazine.

    http://www.cfo.com/article.cfm/9210668/c_9211482?f=home_todayinfinance&x=1

     

    > FEI Survey: Management Drives Sarbanes-Oxley Compliance Costs Down, But Auditor Fees Virtually Unchanged

    Financial Executives Institute announced the results of its sixth Sarbanes-Oxley compliance survey, which found that Section 404 compliance cost Corporate America less in year three of adoption than in each of the first two years.  FEI polled 200 companies to gauge experiences in complying with Section 404. Responding companies have average revenues of $6.8 billion.   

    http://www.fei.org/eweb/DynamicPage.aspx?site=_fei&Webcode=ferf_404survey

     

    > PwC Study: Internal Audits Lack Strategy for Risk Assessment

    There continues to be a lack of consistency around the assessment of risk by internal auditors, according to the third annual study of current issues for the internal audit profession conducted by PricewaterhouseCoopers.

    http://accounting.smartpros.com/x57724.xml

     

    > Missouri's Unemployment Rate Declines in April

    Missouri's seasonally adjusted unemployment rate fell to 4.5 percent in April, its second straight decrease following a temporary increase in February. The current rate is below January's 4.6 percent and last year's average of 4.8 percent.

    http://www.ded.mo.gov/cgi-bin/dispress.pl?txtpressid=1902


    > Job Moves Account for Just Half of CFO Turnover

    Fifty percent of the CFOs who left companies did so for reasons other than finding another job. Those included inability to fit culturally into the organization, the increasingly stressful demands of the position and lack of current knowledge related to Sarbanes-Oxley, according to a survey by Right Management.

    http://accounting.smartpros.com/x57385.xml

     

    > Study: Financial Statement Fraud Not a Solo Job

    Rather than being the solo work of a rogue executive, financial-statement fraud is a product of collaboration, involving an average of seven people, according to a new study.

    http://accounting.smartpros.com/x57678.xml

     

    > Survey: Orientation Programs Effective but Not Offered by a Third of Employers

    Although businesses want new staff to "hit the ground running," some firms may be hindering employees by not offering enough resources during their first days on the job.  According to a recent survey, one-third of workers said their employers offered no formal orientation program when they joined the company.  This could be a missed opportunity -- a large majority of respondents (87 percent) who received this type of training said it helped prepare them for success with the organization.

    http://www.roberthalffinance.com/

     

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    Technology & Productivity Weekly is a membership benefit and is
    intended for your personal use only.


    This Week's Headlines

    Online Backup Where You Need It
    Top 5 Productivity Killers
    Fix It Fast With Remote Support Service
    Managing Technology: In Search of Traffic
    Scrubber Ensures Deleted Files Stay Deleted
    Hammer Pounds Home the Value of NAS Storage
    State of the Paperless CPA Firm
    Email Encryption Quick & Free
    Bringing the CEO Up to Tech Speed
    The Road Warrior's Gun Belt
    Disaster Recovery Planning: How Do You Measure Up?
    The Right Stuff
    Talent-Tempting Web Sites

     

  •  

    CPE 2007

    For CPAs in Business and Industry


    Seminars:


    New Taxwise Strategies for Closely Held Businesses

    June 26, 2007--Kansas City, MO

     

    FIN 46R Variable Interest Entity Consolidation Rules--Not Just a Big Company Issue!

    June 26, 2007--St. Louis, MO

    June 27, 2007--Kansas City, MO

     

    Cash Management--Collect It Faster, Keep It Longer, Spend It Slower

    June 27, 2007--St. Louis, MO

     

    2006 Pension Protection Act: Sweeping Retirement Savings

    June 28, 2007--Kansas City, MO

    June 29, 2007--St. Louis, MO

    4 CPE Credit Hours

     

    Targeting the Bottom Line--Taking the Guesswork Out of Financial Management

    June 28, 2007--St. Louis, MO

     

    Taxation of LLCs, LLPs. LPs and Other Partnerships

    June 28, 2007--Kansas City, MO

    June 29, 2007--St. Louis, MO

    4 CPE Credit Hours

     

    What's New & What's Hot in Small Business Retirement Planning Vehicles

    June 29, 2007--St. Louis, MO

     

    How to be an Effective Corporate Controller

    July 30, 2007--Kansas City, MO

    July 31, 2007--St. Louis, MO

     

    Fringe Benefits & Compensation Issues

    August 1, 2007--St. Louis, MO

     

    Basis Calculations & Distributions for Pass-Thru Entities--Everything You Need to Know

    August 2, 2007--St. Louis, MO

     

    Conferences:

               

    Information Technology Conference

    June 20, 2007--St. Louis, MO
    Agenda
    Registration

    ________________________________

    Technology Tip of the Week

    Provided by the MSCPA Information Technology Committee

    In Excel, Sorting by Custom Lists

    Step 1: Filter records to unique records
    1. Select the range containing records.
    2. From the Data menu, select Filter, and then Advanced Filter.
    3. In the Advanced Filter dialog box, select Copy to another location.
    4. In the Copy to box, select a cell, select Unique records only and click OK (ensure that the List range is correct before clicking OK).
    More...

     

    To view recently archived issues of "Technology Tip of the Week," go to: http://www.mocpa.org/Content/22269.aspx


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    Contact Us

    For comments or questions, contact:
    Dawn Martin - dmartin@mocpa.org
    To view online:
    http://www.mocpa.org/Content/files/
    newsletters/news052207bi.html

    For technical assistance, contact:
    Christy Aven -caven@mocpa.org


    To update your e-mail address:
    Please include your old e-mail address, new e-mail address and MSCPA member ID (if known) and send it to member@mocpa.org.

    Please note: This newsletter may contain commercial material.

    Missouri Society of CPAs
    540 Maryville Centre Drive, Suite 200
    St. Louis, MO 63141

    © 2007  Missouri Society of Certified Public Accountants - All Rights Reserved