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| March 1, 2005 | The
Monthly Newspaper of the NYSSCPA |
Vol.
8, No.4 |
| What's
Inside |
| AICPA Releases Best Practices for Audit Committees CPA Volunteers Needed for Tax Season NYSSCPA Member Gail Winawer Dies Have a Tax Problem You Can't Get Resolved? |
| CBT Concerns State Board |
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New York—Reports of software glitches and concern over an impending increase in fees prompted state officials to voice their concerns about the computer-based test (CBT) for the Uniform CPA Exam. In a Feb. 1 letter to exam officials, New York State Board for Public Accountancy Executive Secretary Daniel Dustin asked the American Institute of CPAs to address “significant deficiencies” reported since the exam launched in April 2004. The deficiencies included implementation flaws and poor quality control, unresolved technical issues, a poorly designed candidate diagnostic report, and a proposed increase in testing fees, which some believe represents a “significant barrier to entry into the profession.” |
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| AICPA Hones 101-3 |
| NEW YORK—Member calls for clarification have prompted the American Institute of CPAs to make revisions to Interpretation 101-3 that are intended to abate any confusion over the competent-employee and documentation requirements. Continue... |
| COCO to Sunset |
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NEW YORK—A
streamlined New York State Society of CPAs’ committee structure
that will include the dissolution of a supervisory committee that
has completed its mandate is set to take effect this summer. Continue... |
| Committtee Bulletin |
| By Ray Nowicki Our profession, for decades, was based on a set of slowly evolving standards and laws, and it seemed that our Society also evolved slowly. Many of us remember the annual trek to Skidmore College, in upstate New York, for CPE and camaraderie. It was the classic same-old same-old, and we took comfort in that. The days of the quiet sedentary CPA world, on both a national and a state-wide level, are gone. Continue... |
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