CPAs Help Diffuse the Y2K Time Bomb.PHILADELPHIA--(BUSINESS WIRE)--Sept. 17, 1998--The Year 2000 Issue (Y2K See Y2K problem and Y2K compliant. Y2K - Year 2000 ) is associated with impending im·pend intr.v. im·pend·ed, im·pend·ing, im·pends 1. To be about to occur: Her retirement is impending. 2. doom. Its destructive potential to computer and data processing systems worldwide has large and small companies, home-offices and individuals searching for guidance and the right person to assist them with compliance. Members of the Pennsylvania Institute of Certified Public Accountants Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. (PICPA PICPA Pennsylvania Institute of Certified Public Accountants PICPA Philippine Institute of Certified Public Accountants ) consult with their clients to develop plans that will address and attempt to avoid the Y2K problem. CPAs offer advice in the following areas: -- Where the problem exists, how to recognize it and possible solutions; -- Financial/accounting obligations; -- Legal, insurance, and business issues; -- Interacting with the personnel involved -- information systems, executives, vendors and consultants; -- And practical guidance on managing a Year 2000 engagement, including using third-party consultants, replace/repair decisions, engagement costs and budgeting. Many Pennsylvania 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. firms have Y2K programs in place for their clients and can offer valuable information. Many PICPA members, including members of the PICPA Committee on Technology, are well-versed on the issues surrounding Y2K. If you would like to interview a Certified Public Accountant regarding the problems associated with Y2K, please call the PICPA at 888/272-2001, ext. 205. |
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