Beach CPE

Ready to Get Your Toes in the Sand?

Explore our two beach CPE events: the Gulf Shores Clusters and

the 34th Annual Sandestin Conference

Gulf Shores Clusters

Looking to earn CPE and work in a vacation? Our Gulf Shores Cluster offers flexibility in CPE, offering 4 and 8 hour classes, as well as a variety of topics. Earn your Accounting & Auditing, Tax, Management, and Technology credits and come back to the office with a tan.

Visit our Gulf Shores Cluster CPE web page for all of the details.

34th Annual Sandestin Conference

Attend one our our most popular conferences at the Sandestin Hilton. Hear the most current CPE updates and sign up for some extracurricular fun.

Planning your CPE? Don't forget that our complete CPE catalog is availabe online at www.ascpa.org

Legislative e-Zine

Legislative e-Zine

by Bruce P. Ely, James E. Long, Jr., William T. Thistle, II

With only ten legislative days remaining in the 2010 regular session, the budgets should be the number one priority for the House budget committees this week, now that Spring Break is over.  But also up for consideration will be the Senate's $1 billion road construction bill that now moves to the House for a vote. 

Additionally, bingo supporters may make one more attempt to push their proposed legislation through the Senate, and then the House. Because that bill is a constitutional amendment, the Governor could not veto it even if it passes both houses (doubtful).  

Readers should be watching HB 260 (Reemployment Act of 2010) and HB 109 (capital credit transition period) - both of which have good chances of enactment this session. Indeed, the capital credit bill - thankfully without the overbroad illegal immigrant provisions in the Senate version - is now awaiting Governor Riley's signature.

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ADOR Quick Alert

ADOR re: MIssing Business MeF Acknowledgments

(Forms 20C, 20CC, 20S, 65, and PTE-C)

The Alabama Department of Revenue had received a Quick Alert from the IRS that they are having problems with transmitting acknowledgments back to transmitters and EROs.  (Problem #1).

ADOR has been having problems with the IRS passing the state returns on to us (Problem #2).  This issue has been on going  for three weeks now and it is taking the IRS three to four days to pass our state returns on to us.  This is also happening to other states and other GenTax states.  The IRS is aware of this issue and they are working on it.  The ADOR IT was in conversation with Xan in the IRS' IT this morning, and he offered no time frame for resolution.

The main issue is that we can not acknowledge returns that we have not received from the IRS.  Normally EROs and Transmitters should allow 5 business days to receive State acknowledgments, if they have not received an acknowledgment by the 8th day the IRS may provide the return's submission id number and the ADOR will research that return for them.

The Alabama Department of Revenue apologizes for any inconvenience this may cause.  For additional information, please contact Jo Ann Ledbetter, CPM, Business MeF Coordinator, Alabama Department of Revenue, at (334)353-0685 or joann.ledbetter@revenue.alabama.gov.

Understanding Internal Control Services

Members in Business and Industry Guide to Understanding Internal Control and Internal Control Services for Smaller Entities

by Thomas A. Ratcliffe, Ph.D., CPA and Charles E. Landes, CPA

Members in business and industry, both audit committees and managers, must understand the concepts of internal control and independence and the effect they have on the CPA practitioners that they hire to audit, review, or compile their financial statements, as well as perform internal control services. If a CPA practitioner has established or maintained internal controls, including performing ongoing monitoring activities for a client, the CPA’s independence has been impaired. As such, the CPA is precluded from performing an audit or review engagement for that client. The CPA may compile the financial statements but is required to disclose the independence impairment in his or her compilation report.

Read Full Article Here

Student Video Contest

LIGHTS! CAMERA! ACTION!
Student member video contest announced

Inspired by the Academy Awards, the crack ASCPA film squad decided to share the fun of making and editing videos with the Alabama Society’s student members.  Ansab Ali, outgoing intern, created the Lights! Camera! Action! video contest and launched it the week of the Oscars in early March.  Working from the concept that CPAs are NOT all nerdy bean counters, the videos will blast apart stereotypes and show that accounting is an exciting and stimulating career.  All student members are invited to enlist the help of family, friends, and fellow accounting majors in their efforts to create the ultimate indie CPA movie.  

Lights! Camera! Action! runs from March 5 to May 15.  The videos should be 1:00 to 3:00 minutes in length and exhibit humor and creativity – with a “G” rating, please! 

First prize is a Sony Blu-ray player, second prize is DVDs of two Hollywood movies which feature an accountant as a main character (a complete list of the movies is on the website) and third place is a $25 Amazon gift card.  The Society will announce the winners June 1 from the ASCPA’s own version of the red carpet. 

Contest rules are listed on the Accounting Movies/Lights! Camera! Action! page of the student website.  Submit your entry to Communications Director Diane Christy, dchristy@ascpa.org and let the popcorn and Jujubes rain down! 

CCH Discount

Get 30% off top Accounting and Auditing titles from CCH

Take advantage of your ASCPA membership and order these popular, up-to-date titles from CCH at 30% off list cost.

GAAP Library Vol. I and II, 2010

U.S. Master GAAP Guide, 2010

Accounting Desk Book, 2009, with CD

GAAS Guide, 2010, with CD

GAAS Practice Manual, 2010, with CD

Knowledge-Based Audit Procedures, 2009, with CD

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Use Discount Code: Y5288

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