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Vol. 4. Issue 1. Jan. 8, 2009
Professional News
 

New Year, New Rules
While you were ringing in the new year, several new rules went into effect. Learn more about changes to: preparer penalty rules, peer review and CPE requirements.

Annual INCPAS Business Outlook Survey Released
Indiana CPAs view the economy and growth prospects for 2009 more pessimistically than the past two years, according to the 2009 Business Outlook Survey conducted by the INCPAS.

ARSC Reaches a Milestone in Reliability Project
The reliability project aims to reposition the independence requirement with respect to a review engagement. Five specific recommendations have been made.

New Financial Crisis Advisory Group Formed
The FASB and IASB recently created a high-level advisory group responsible for considering financial reporting issues arising from the global financial crisis — who's on the board?

Indiana Board of Accountancy Makes Policy Change
The board of accountancy will no longer issue 11"x17" license wall certificates for CPAs. Questions? Contact the Indiana Professional Licensing Agency at (317) 234-3040 or by e-mail.

Keeping Up
New! Financial Literacy
Several new Feed the Pig podcasts that address issues stemming from the current economic crisis are now available.

New! Fair Value
The FASB advisory committee representing investors doesn't agree with relaxing fair-value accounting standards.

New! International Financial Reporting Standards
Video: Experts answer your questions surrounding the move toward IFRS.

Society News
We Heard You — the Tax List Serv Returns
The INCPAS Tax List Serv is back for the upcoming tax season! Sign up now to ask other members questions about tax issues and receive responses directly through e-mail.

New INCPAS Tax Group Formed
The newly formed INCPAS Tax Resource Advisory Council, TRAC, is composed of nine members and will work closely with legislators and tax-related agencies to address tax issues of interest to CPAs.

Get Up-to-Date with Vern Hoven Podcasts
Popular tax instructor Vern Hoven has developed several tax-related podcasts for you to listen to online, download to your computer or upload to your MP3 player.

INCPAS Wins Award of Excellence
The Society was awarded the ISAE Membership Award of Excellence for its student campus presentations, which reached 700 college students in over a dozen cities statewide.

CPAs Lead the Way
The Habitat for Humanity of Hendricks County seeks a treasurer for its board of directors. This person should be proficient in QuickBooks and available on the last Tuesday of each month. Contact Tom Replogle for more information.

The Honor Flight Network is seeking a CPA to serve on the board of directors. Interested candidates will have nonprofit experience and an interest in serving veterans. Contact Laura Carrico for more information.

For more information on this position, or to view other openings, visit the CPAs Lead the Way web page.

 
Information Technology
Report: Information Overload Costs U.S. $900B
Small Business Computing (12/29/08); Needle, David

Research company Basex reports that information-overload costs keep increasing. Basex estimates that for 2008, information overload will cost the American economy $900 billion in lost productivity, compared to $588 billion for 2006.

Sponsored by: Information, Inc.

2009 Conferences & Events

Have a voice in how you do business as a CPA in Indiana. The 2009 CPA Day at the State House is the profession's primary annual opportunity for members to interact with legislators and key leaders of government.

Jan. 12, 2009
Indianapolis Marriott Downtown
Program: 12-4:30 p.m. EST
Reception: 4:30-7:30 p.m. EST
Members: $50*
Nonmembers: $70

* Write a letter inviting a legislator to the reception and receive complimentary registration.

Optional: Register for the IFRS Update, which will be held prior to the program from 9:30-11:30 a.m. EST.

Upcoming Conferences and Events
March 20 Controllers Conference
CPE Opportunities
Get started on your CPE early — attend a January seminar in Indianapolis!
Jan. 12 IFRS Update
Jan. 12 Preparing Corporate Tax Returns for New Staff and
Para-Professionals
Jan. 13 Preparing Individual Tax Returns for New Staff and
Para-Professionals
Jan. 14 The Complete Guide to Preparing Limited Liability Company, Partnership, and S Corporation Federal Income Tax Returns
Looking for alternative delivery? INCPAS now offers interactive LIVE online CPE!
Highlighted ACPEN offerings
Jan. 12 Business Fraud Update: Practical Skills for Controllers and Auditors_Live Webcast Replay™
Jan. 15 2008 Compilation & Review Update Live Webcast Replay
Jan. 19 Accounting & Auditing Update Live Webcast Replay™
Jan. 22 2008 Leadership and Generations: What Are They Thinking?™
Highlighted CPE Link Offerings
Jan. 13 Playing the Valuation Game: Family Wealth Planning and Valuation
Jan. 14 Efficient Uses of FLPs, LLCs and S Corporations to Preserve Family Business and Investment Wealth
Jan. 21 Financial Analysis Using Data Mining and Data Modeling with Excel
Jan. 28 The Ultimate Compilation and Review Standards Course
Career Opportunities
Thinking of making a career change? The Society offers CareerBank.com, a job search tool. Check out this opportunity:

Chief Quality Control Officer — Ajilon Finance is seeking a chief quality control officer. This position newly created position is a highly specialized and offers excellent opportunity, equity option, and very attractive compensation structure. Ideal candidates will be a CPA with 12-15 years experience in public accounting, and must have very strong verbal and written communication skills.