GASB Releases Statement No. 56

The Governmental Accounting Standards Board (GASB) issued GASB Statement No. 56, Codification of Accounting and Financial Reporting Guidance Contained in the AICPA Statements on Auditing Standards. GASB 56 incorporates accounting and financial reporting guidance previously only contained in the American Institute of Certified Public Accountants (AICPA) auditing literature into the GASB’s accounting and financial reporting … Continue reading

State Board News: Changes Recommended to Accountancy Statute

The Colorado State Board of Accountancy’s 2009 Sunset Review recommendations are now available online as a pdf document. Read the Board’s letter here.

Congress Proposes New Federal Accounting Oversight Board

Members of the House Financial Services Committee have introduced legislation to create a new body to police the application of accounting standards – the Federal Accounting Oversight Board (FAOB). In the legislation introduced by Ed Perlmutter, D-Colo., and Frank Lucas, R-Okla., the FAOB would oversee the application of GAAP to financial markets and consider how … Continue reading

Corporate Controller’s Handbook

CCH’s Corporate Controller’s Handbook of Financial Management is a comprehensive source of practical solutions, strategies, techniques, and procedures, covering all key aspects of accounting and financial management. Its examples, checklists, instructions, and other tools simplify complex financial management issues and gives CFOs, financial managers, and controllers quick answers to day-to-day questions. As a CSCPA member, … Continue reading

Get Your Copy of How to Handle Bear Markets* Here!

The CSCPA is proud to offer Mark Smith’s 2-hour Webcast on CD. Smith—who was named one of the top independent financial advisors in the U.S. by Barron’s magazine, Registered Rep., and an independent advocacy organization, The Winner’s Circle, in 2008—will personally guide you through the history of past bear markets, evaluate the recovery periods, and … Continue reading

CSCPA Offers Members Significant Insurance Savings

The Colorado Society of CPAs is offering members the opportunity to purchase workers’ compensation and property/business liability insurance at significantly discounted rates.  Through a new sponsorship arrangement with Cherry Creek Insurance Group, CSCPA members can purchase The Hartford’s workers’ compensation insurance at a 30 percent discount and its property/business liability insurance at a 40 percent … Continue reading

New Federal Accounting Oversight Board Proposed: Colorado’s Cong. Perlmutter Sponsors Legislation

Cong. Ed Perlmutter, D-Colo., and Cong. Frank Lucas, R-Okla., members of the U.S. House Financial Services Committee, have introduced House Resolution 1349 to create a new body to police the application of accounting standards – the Federal Accounting Oversight Board (FAOB).  The new board would oversee the application of GAAP to financial markets and consider … Continue reading

GASB Releases Statement No. 55

The Governmental Accounting Standards Board (GASB) issued GASB Statement No. 55, The Hierarchy of Generally Accepted Accounting Principles for State and Local Governments. GASB 55 incorporates the hierarchy of generally accepted accounting principles (GAAP) for state and local governments into the GASB’s authoritative literature. It is intended to make it easier for preparers of state … Continue reading

H&R Block Continues Ad Series

The AICPA and the Colorado Society share concerns about a new series of H&R Block ads using the term “certified tax professionals.” Earlier in the tax season, the AICPA was successful in persuading H&R Block to pull ads that promoted their tax services at the expense of CPAs and the CPA profession.

The AICPA contacted H&R Block about the latest ads and learned the company defines “certified tax professionals” as CPAs, tax attorneys, IRS enrolled agents, and tax specialty actuaries.