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AICPA Launches New Financial Reporting Alert Series

WHAT:

The American Institute of Certified Public Accountants (AICPA) announces a new series called Financial Reporting Alerts. The series of Alerts is developed for financial managers and audit committees to help identify current accounting and regulatory developments that impact financial reporting..

DETAILS:

The first of the series, Current Accounting Issues and Risks 2008 - Strengthening Financial Management and Reporting, is available online at www.CPA2Biz.com, and will help members in business and industry identify the significant risks that may result in the material misstatement of their entity’s financial statements. Financial management and audit committee members will also gain a better understanding of the current accounting and regulatory developments affecting their entity’s financial reporting. Subject areas covered include recently issued accounting standards such as:

  • Business combinations (FASB Nos. 160 and 141(R))
  • Fair value accounting standards (FASB Nos. 157 and 159)
  • Accounting for defined benefit pension and other post-retirement pension plans (FASB No. 158)
  • Income tax accruals and deferred income taxes (FIN 48)
The next two Alerts in the series will focus on Not-for-Profit Organizations and the FASB Codification.

COST:

For AICPA members, the Alert is $35; for nonmembers, $43.75. For detailed product information, visit www.cpa2biz.com or call (888) 777-7077 to order.

BACKGROUND:

About the American Institute of CPAs
The American Institute of Certified Public Accountants (www.aicpa.org) is the national, professional association of CPAs, with approximately 350,000 members, including CPAs in business and industry, public practice, government, and education; student affiliates; and international associates. It sets ethical standards for the profession and U.S. auditing standards for audits of private companies; federal, state and local governments; and non-profit organizations. It also develops and grades the Uniform CPA Examination.

About CPA2Biz
CPA2Biz is a subsidiary of the American Institute of Certified Public Accountants (AICPA), and provides marketing and technology services to the AICPA for its wide array of products and services, such as continuing education, conferences and professional literature. CPA2Biz also develops and manages client-focused business solutions programs (e.g. payroll, banking) that enable CPAs to build stronger relationships with their business clients or employers.

CONTACT:

For CPA2Biz, Inc.:
Pamela Johnston
Public Relations Representative
PJ Inc.
212-629-8445
Pamela@pjinc.net