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Vol. 3. Issue 20. Oct. 2, 2008
Professional News
 

Challenges of Fair Value Accounting Addressed
In the midst of financial turmoil, CPAs have expressed concerns regarding fair value accounting. In response, the SEC has issued additional guidance.

Treasury Department Adopts Audit Committee Report With more than 30 recommendations for improvement, the U.S. Treasury hopes this report can improve the sustainability of the public company auditing profession.

A Multi-Year Project to Improve the Exam Is Approved
The fall 2008 issue of The Uniform CPA Examination Alert is now available. Learn more about test-taking patterns, success rates, and CBT-e — the multi-year Exam improvement process.

Demand for Forensic CPAs Grows
A new credential for CPAs that specialize in financial forensics services comes just in time. A recent survey indicates forensic practices have grown drastically in the past year.

Storm and Flood Victims May Qualify for Relief
Severe storms and flooding on Sept. 12 led to several Indiana counties being declared presidential disaster areas. Find out who qualifies for individual assistance.

Keeping Up
New! International Financial Reporting Standards
Are you ready for IFRS? Use this new online tool to evaluate your firm's preparedness.

New! Financial Literacy
The AICPA Feed the Pig campaign is revamped and reaches out to new audience — "tweens."

Society News
INCPAS Member Featured in New AICPA DVD
INCPAS member Scott Geans, CPA, is featured in Start Going Places: Explore the CPA Profession, a reality-based DVD that encourages students to consider the CPA profession.

Make Your Voice Heard in the General Assembly
Are you affected by mobility issues? Do you want a sales tax on services? Do clients want their returns filed online? You can make your voice heard — contribute to Indiana CPA-PAC.

Are You in Need of Professional Advice?
The Society's CPA to CPA Consultation Program is a peer-to-peer network that offers INCPAS members a free and easy way to receive advice or counsel in several areas. Enroll today to become a consultant.

Where Will Your Next Client Find You?
Find a CPA is an online CPA service directory on incpas.org for the public. If you are an INCPAS member and your listing doesn't appear, enroll today! Free listings are available.

Help Find the CFO of the Year?
The Indianapolis Business Journal is accepting nominations for CFO of the Year. Nominate an outstanding financial professional you know that acts as the financial steward of a corporation or not-for-profit organization.

INCPAS Board Nominations

The INCPAS Nominations Committee is seeking recommendations for members to serve on the Indiana CPA Society Board of Directors. The individuals will be considered for a two-year term beginning July 1, 2009. You may nominate yourself or another individual. Nominations are due by Oct. 31. For additional information, contact Nominations Committee Chair Anita Sherman, CPA, at (317) 240-4486 or INCPAS President & CEO Gary Bolinger, CAE, at 1-800-272-2054.

Information Technology
New Era of CPAs Requires New Tools
WebCPA.com (09/23/08); Carlino, Bill

As a multitude of baby boomers start their retirements from CPA agencies, the newer accountants will use highly different skill sets and tools than their predecessors did.

Sponsored by: Information, Inc.

2008 Conferences & Events

Join us Oct. 16 for the Last Chance Professional Issues Update at the Riverwalk Banquet Center & Lodge in Indianapolis. Earn four hours of free CPE and increase your awareness of issues affecting your profession. This fast-paced, three-and-a-half hour program, offers updates on hot topics such as:

  • Legislative and regulatory issues
  • Human Resources
  • Technology changes
  • Generational differences
  • Work/life balance

Register online or by calling the Society at (317) 726-5000 or 1-800-272-2054. Hurry — seats are limited.

Upcoming Conferences and Events
Oct. 17 CPA Celebration, presented by CCH, a Wolters Kluwer business
Nov. 11 Construction Conference
Dec. 4-5 Tax Institute
Dec. 12 Financial Services Conference
CPE Opportunities
It's the third year of the reporting cycle; do you have all your CPE?
Indianapolis
Oct. 17 Substantive Analytical Procedures Workshop
Oct. 20 Planning for Profits: How to Develop and Execute and Effective Business Plan
Oct. 21 Tax Knowledge Network: Internal Revenue Service
Oct. 22 Adapting QuickBooks ® for Construction
Oct. 23 Case Studies in the Life Cycle of a Limited Liability Company
Evansville
Oct. 28 The Complete Trust Workshop!
Executive Education
Oct. 9 Strategic Cost Analysis: Tools for Lowering Your Company's Costs
Oct. 28 Astute Cash Flow Management: Improving Company Value
Looking for alternative delivery? INCPAS now offers interactive LIVE online CPE!
Highlighted ACPEN offerings
Oct. 22 Accounting & Auditing Update
Nov. 19 Fundamentals of S Corporations Practice
Highlighted CPE Link Offerings
Oct. 7 Efficient Uses of FLPs, LLCs and S Corporations
Oct. 8 Fraud: Exposures and Solutions in the Non-Audit Environment
Oct. 14 Preparing Personal Financial Statements
Career Opportunities
Thinking of making a career change? The Society offers CareerBank.com, a job search tool. Check out this opportunity:

Life Actuarial Manager – Deloitte is seeking a life actuarial manager responsible for producing and managing technically-oriented work across a number of practice areas. This position will be involved in market and technical research, data resource and tool development, recruiting, training, and strategic planning. Successful candidates will have 7-10 years of experience and be familiar with life insurance reserve calculation requirements and mechanics.