AICPA agenda: helping in time of need."All of us at the AICPA AICPASee American Institute of Certified Public Accountants (AICPA). share the deep sadness and concern the entire nation feels over the devastation caused by Hurricanes Katrina and Rita. Our hearts go out to the hundreds of thousands of Americans whose lives have been forever changed Forever Changed was a Christian Rock band from Tallahassee and Orlando, FL. They came together in 1999 and broke up in 2006. Dan Cole was the lead singer, a guitarist, and a pianist. Ben O'Rear was the lead guitarist, Tom Gustafson played bass, and Nathan Lee played the drums. , including the thousands of AICPA members and their families living in areas affected by these disasters. "The CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. profession has responded to these crises in a very decisive way to bring to bear its expertise regarding financial matters to help the victims. The AICPA has launched a number of efforts to support our members in this extraordinary time. The items below detail some of the initiatives already under way." --Barry C. Melancon, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Online Disaster Recovery Resource Center The AICPA has established an online Disaster Recovery Resource Center (www.aicpa.org/news/2005/disaster_ recovery_resources.htm). Visit it for up-to-date information, useful links to other Web sites and a wide range of practical tools. The center includes resources for members to use to assist their employers and clients, as well as practice management guidance for firms directly affected by Hurricanes Katrina and Rita. CPA Firms Assisting Affected Members With Office Space and More The AICPA and PCPS PCPS Primary Care and Population Sciences PCPS Partners for Child Passenger Safety PCPS Pleasant Corners Public School (Canada) PCPS Plymouth Counselling and Psychotherapy Service (UK) have launched a Firm Volunteer Center to allow CPA firms to provide office space and other resources to CPAs displaced by Hurricanes Katrina and Rita. Displaced CPAs can find contact information at the center for firms wishing to volunteer resources or assist those in need. If you are a CPA in need of assistance or a CPA firm that wants to help, go to http://pcps.aicpa.org/Community /Hurricane+Katrina.htm Volunteers are offering office space, housing, office supplies, technology support, hosting and/or software, temporary hiring of staff, disaster recovery assistance, help in reaching clients of affected firms and help with filings. Disaster Recovery Guides, Mobilization Kit and Other Resources Disaster Recovery: A Guide to Financial Issues was developed by the AICPA Personal Financial Planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against (PFP PFP - Plastic Flat Package ) team to help individuals and families in the days, weeks and months following a disaster when they are most in need and often vulnerable to financial challenges. The guide, produced by the National Endowment for Financial Education, the AICPA and the AICPA Foundation, is distributed by participating local chapters of the American Red Cross American Red Cross: see Red Cross. . As part of this effort, the AICPA developed the Disaster Recovery CPA Mobilization Kit (www.aicpa.org/financial literacy/Financial_Toolkits/Guide_to_financial_Issues_Toolkit. asp) to support state societies and CPAs in their volunteer outreach to those affected by disaster. The kit focuses on the pro bono Short for pro bono publico [Latin, For the public good]. The designation given to the free legal work done by an attorney for indigent clients and religious, charitable, and other nonprofit entities. services CPAs can offer in moments of crisis and includes a press release template, bylined article and PowerPoint presentation. The AICPA Tax Section's Disaster Area Practice Guide (http://tax.aicpa.org/Resources/Disaster +Area+Tax+Guide.htm), also available, has been updated to include guidance for victims of Hurricanes Katrina and Rita and has links to IRS An abbreviation for the Internal Revenue Service, a federal agency charged with the responsibility of administering and enforcing internal revenue laws. and other tax-related disaster recovery resources. "Ask the Money Doctor" to Address Hurricane-Related Financial Questions The AICPA's 360 Degrees of Financial Literacy Program has modified its Web-based discussion forum, "Ask the Money Doctor," to allow CPA financial planners from other parts of the country to answer inquiries from people who were affected by the hurricanes. For access to this resource and to view a list of frequently asked questions, visit www.360financialliteracy.org/Ask+The+Money+Dr.htm (or www.askthemoneydoctor.com). AICPA and NASBA NASBA National Association of State Boards of Accountancy NASBA Nucleic Acid Sequence-Based Amplification (assay used to detect HIV viral load in blood plasma) Ask State Boards state boards Examinations administered by a US state board of medical examiners to license a physician in a particular state; these examinations play an ever-decreasing role in state medical licensure, as these bodies now rely on standardized national examinations to Expedite Reciprocity Requests The AICPA and NASBA sent a joint letter to each state board of accountancy requesting they expedite practice privilege requests from CPAs and firms that have been affected by Hurricanes Katrina and Rita and are seeking to practice in their state. Numerous boards of accountancy have already contacted NASBA to report they have plans in place to facilitate requests and/or are planning to meet to discuss this initiative. The AICPA also has compiled state licensing information, including state board of accountancy and state CPA society contact information, to be used for those licensees who are seeking practice privileges in other states. For more information, and to read the full text of the joint letter, visit www.aicpa.org/news/2005/AICPA_and_NASBA_Ask_ State_Boards.htm. |
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