June 3, 2008

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> 19 Jobs Featured On MSCPA’s Career Center Right now, there are 19 job opportunities for CPAs listed on the MSCPA Career Center! http://careers.mocpa.org/ ______________________________________________________________ > Missouri General Assembly Passes CPA Mobility Bill On the final day of the legislative session on May 16, the Missouri General Assembly passed a bill that included provisions for both firms and individual CPAs to ease interstate practice mobility.  Missouri now joins 25 other states (including contiguous states Iowa, Illinois, Kentucky, and Tennessee) in state laws that include no fees, no notification, no additional requirements, and automatic jurisdiction in allowing CPA from other states to practice in their respective states.  The AICPA reports that all states should have passed mobility legislation by 2011. http://www.senate.mo.gov/08info/BTS_Web/Bill.aspx?SessionType=R&BillID=95 ______________________________________________________________ > 2008 National MAP Survey Ever wondered how your firm stacks up against other firms? Find out where your firm stands by taking part in the CPA profession’s premier benchmarking study - the PCPS/TSCPA National MAP Survey. This survey allows firms of all sizes to benchmark themselves against the best in their class and to identify their firm’s strengths and opportunities for improvement. http://www.mocpa.org/Content/22627.aspx ______________________________________________________________ > Nominate a Deserving Woman-to-Watch! Do you know someone who has made significant contributions to the accounting profession?  Do you work with an emerging leader who demonstrates outstanding leadership capabilities? Nominate her for the 2008 CPA Women-to-Watch Awards! The MSCPA, in partnership with the AICPA and Robert Half International, will present these prestigious awards during the August 25 Women’s Retreat in St. Louis, where winners will participate in a panel discussion on strategies for achieving success in the accounting profession. http://www.mocpa.org/Content/22552.aspx ______________________________________________________________ > AICPA Introduces New IFRS Website To help members and financial professionals learn about and stay informed on international standards, the AICPA has developed and launched IFRS.com. http://www.aicpa.org/download/news/2008/AICPA_LAUNCHES_IFRS_COM_-FINAL.pdf ______________________________________________________________ > Receive Your FREE Report: “3 Steps to Help Prepare Your Firm for the Next Economic Downturn” When the economy goes down, claims tend to go up. Being prepared for an economic downturn will help protect your firm in the future, and CAMICO has developed a report with 3 steps to help prepare your firm for such a scenario. The report provides a small sample of the comprehensive risk management advice and services CAMICO provides to policyholders. Simply e-mail riskadvisors@camico.com to request your copy of CAMICO’s report, “3 Steps to Help Prepare your Firm for the Next Economic Downturn.” ______________________________________________________________ > US FASB and IASB Seek Views on Two Consultative Documents on the Conceptual Framework The US Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) published consultative documents that seek public comment on two of the eight phases of their joint project to develop an improved conceptual framework. The objective of the project is to develop an improved conceptual framework that provides a sound foundation for developing future accounting standards. http://www.fasb.org/news/nr052908.shtml __________________________________________________________ > Accounting Firms, Professors Gear Up For Standards Change Area accounting firms, businesses and universities are taking steps to prepare for an expected switch in accounting standards reports the Kansas City Business Journal. The use of IFRS is mandatory in Europe and is either mandated or permitted in more than 100 nations. With countries such as Japan planning to eliminate differences between their standards and IFRS by the end of the year and Canada planning to convert by 2011, the United States will be the only country not using IFRS by 2011 http://www.bizjournals.com... ______________________________________________________________ > Interest Rates Drop for the Third Quarter of 2008 The IRS announced that interest rates for the calendar quarter beginning July 1, 2008, will drop by one percentage point. http://www.irs.gov/newsroom/article/0,,id=183496,00.html ________________________________________________________________________ > Survey: Workers Altering Their Commutes Due to Rising Gas Prices Feeling pressure at the pump, many workers are changing their commuting habits to ease the financial burden of rising gas prices, a new survey shows. More than four out of 10 (44  percent) professionals interviewed said higher gas prices have affected their commutes, up from 34  percent two years ago when a similar survey was conducted. www.RobertHalfFinance.com Sponsored By: Information, Inc. Information Inc.'s handcrafted business intelligence services provide up-to-the-minute information on critical issues. Decision-makers in more than 2,000 major corporations, associations and government agencies worldwide have relied on our comprehensive news services for the past 22 years. To learn how our timely, targeted, custom services can help you compete in the 21st century, go to: http://www.infoinc.com/s tatecpa/contact.html Technology & Productivity Weekly is a membership benefit and is intended for your personal use only. This Week's Headlines Rethinking Your E-Mail Protection Strategies Disaster Planning for Small Businesses Do Hackers Pose a Threat to Smart Phones? The Less Wire Revolution Social Networking Sites Can Boost Office Efficiency Getting Tough With VoIP Video Teleconferencing: 'Meet Me Half a World Away - in Five Minutes' Integrated Solution to the Workflow Problem

CPE 2008 For CPAs in Public Practice Conference: Information Technology Conference June 17, 2008—St. Louis Investments Conference August 4, 2008—St. Louis Young & Emerging Professionals Conference August 20, 2008—St. Louis Women’s Retreat August 25, 2008—St. Louis Seminars: Financial Statement Modeling for Accounting and Finance June 18, 2008—Kansas CIty Best Practices in Quantitative Financial Analysis June 19, 2008—Kansas CIty FIN 46R Variable Interest Entity Consolidation Rules: Not Just a Big Company Issue! June 19, 2008—St. Louis Accounting for Stock Options and Other Stock-Based Compensation: SFAS No. 123(R) June 20, 2008—St. Louis Studies on Single Audit and Yellow Book Deficiencies June 23, 2008—Kansas CIty Advanced Accounting and Auditing Problems for NPOs June 24, 2008—Kansas CIty Accounting and Reporting Practices of Not-for-Profit Organizations June 24, 2008—Springfield How to Conduct a Review Under the AICPA Practice-Monitoring Program June 24, 2008—St. Louis Advanced Tax Update: For Experienced Practitioners June 26, 2008—St. Louis Frequent Frauds Found in Governments and Not-For-Profits June 26, 2008—Kansas CIty Current Federal Tax Developments June 27, 2008—Kansas CIty Governmental & Nonprofit Annual Update June 27, 2008—St. Louis Frequent Frauds Found in Governments and Not-For-Profits June 30, 2008—St. Louis Staff Training – Basic July 15-17, 2008—Columbia Last Chance: Audits of 401(k) Plans June 10, 2008—Kansas CIty June 11, 2008—St. Louis Advanced Accounting and Auditing Problems for NPOs June 12, 2008—St. Louis Governmental & Nonprofit Annual Update June 12, 2008—Kansas CIty Studies on Single Audit and Yellow Book Deficiencies June 13, 2008—St. Louis __________________________ Technology Tip of the Week Provided by the MSCPA Information Technology Committee In Excel, Determining Your Version of Excel If you are a relative newcomer to Excel, you may not know exactly how to determine which version you are using. There are a couple of ways you can figure out which version you are using. The first is to watch Excel as you start the program. Depending on the speed of your system, you may notice the version in the splash screen that appears as Excel starts up. More To view recently archived issues of “Technology Tip of the Week,” go to: http://www.mocpa.org/Content/22269.aspx _________________________ Contact Us For comments or questions, contact: Dawn Martin - dmartin@mocpa.org To view online: http://www.mocpa.org/Content/files/ newsletters/2008/news060308pp.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 © 2008 Missouri Society of Certified Public Accountants - All Rights Reserved