According to the Web page at http://www.aicpa.org/news/2005/katrina_relief.htm, the AICPA is “working on a coordinated response with the affected state CPA societies to see how the CPA profession can provide assistance to the victims of Hurricane Katrina.”

On the page, visitors can find updated links and phone numbers for several relief organizations that are helping the hurricane victims. The AICPA also has more disaster relief resources at http://www.aicpa.org/news/2005/disaster_recovery_resources.htm.

In addition, the AICPA said that it is utilizing its Private Companies Practice Section (PCPS), Tax, Technical and other teams to put together information for its members to learn more about how to help. The AICPA said it will be calling on state societies down the road as it identifies ways that those members can volunteer to help.

The AICPA also said that on Thursday they were to meet with the Internal Revenue Service to push for additional filing relief for affected areas, and its PCPS team is working on a comprehensive package for business recovery for firms. The ACIPA also said that it will work with its members in Business & Industry on other ways to help, and the Florida Institute of CPAs (http://www1.ficpa.org/ficpa/Home) has offered its resources for disaster recovery to supplement these efforts at http://www1.ficpa.org/{D6874E2C-4DC7-4279-BAE4-A68779F4EAC6}.

Finally, the AICPA said its Audit and Attest Standards Team on Wednesday issued a Technical Practice Aid (TPA) entitled “Consideration of Impact of Losses from Natural Disasters Occurring After Completion of Audit Field Work and Signing of the Auditor’s Report But Before Issuance of the Auditor’s Report and Related Financial Statements”. The TPA is available at http://www.aicpa.org/download/members/div/auditstd/TPA-Subsequent%20Events.pdf (Adobe Acrobat required).

More Hurricane Resources

• IRS Hurricane Katrina Relief Information

• SEC Hurricane Katrina Relief Information

More Hurricane News

• Some Katrina Victims Receive Filing Extensions

• GAO Audit Finds Huge FEMA Fraud

• IRS Helps Hurricane Victims

• IRS Issues Tax Law Changes Related to Hurricanes

• Bill Would Strengthen Law on Gouging

• IRS, Treas. Change Reporting for Class of Transactions

• Senate Passes $8B in Gulf Coast Tax Breaks

• House GOP Cut Some Post-Katrina Tax Breaks

• Bankruptcy Rule Is Waived After Storm

• Tax Relief Granted for Hurricane Rita

• IRS Announces Additional Agreements to Assist Disaster Victims

• IRS Updates Hurricane Katrina Tax Relief Guidelines

• Tax-Relief Bill Clears Congress

• House Passes Tax Breaks for Katrina Victims

• Tax Breaks for Katrina May Aid Rich More

• Snow: Katrina to Sideline Tax Cuts, Estate Tax Repeal

• Bush Rules Out Tax Hike to Fund Recovery

• IRS Gives Katrina Survivors 401(k) Break

• House, Senate Pass Katrina Tax Cut Bills

• House Republicans Stand by Tax Cuts

• Congress Delays Plans to Extend Bush's Tax Cuts

• Report: Katrina Victims May Get 401(k) Break

• IRS Program Converts Vacation to Donation

• Katrina Victims' Tax Deadline Extended

• SEC Relaxes Rules in Storm Zone

• Hurricane Forces Republicans to Delay Action on More Tax Cuts

• Pataki Unveils State's Hurricane Relief Plans

• IRS, AICPA Announce Agreement to Assist Disaster Victims

• IRS Expedites Charity Applications

• IRS Expands Relief Area for Katrina Victims

• IRS Urges Citizens to Seek Qualified Charities for Katrina Help

• Estate Tax Vote Postponed Due to Katrina

• IRS Lifts Taxes on Some Diesel Fuel

• FASB: Companies Won't be Able to Exclude Katrina Losses

• Banks Give Hurricane Victims A Break

• IRS Grants Tax Relief for Hurricane Katrina Victims