Accountancy Reform Enacted:
New Laws Strengthen and Protect
Integrity
of the CPA
Michigan CPAs collaborated on a legislative
effort that culminated on December 19 with the adoption of new laws that
strengthen the role of CPAs and protect the public. A significant provision
within a package of legislation signed last month by Governor Jennifer
Granholm provides whistleblower protection to licensed CPAs and individuals
employed by licensed CPAs, allowing full disclosure of information that was
previously protected under “client confidentiality.”
Circular 230: An In-Depth Look at the New
Regs
and Their Impact on CPAS
The final regulations amending Circular 230 are attracting considerable
attention, mostly because of their potential scope. Author Raymond Rowe
examines how the regulations may impose new content and disclosure
requirements on an expanded variety of tax advice and opinions, including
e-mail and other electronic communications. He provides suggestions
implementing the guidelines and best practices for any firm with more than
one CPA – and says it should be done sooner, rather than later.
Imagine If … We Had No Voice in Lansing
The MACPA
Legislative Advisory Group, government relations staff, lobbyist,
grassroots involvement and our
Political
Action Committee are all working hard behind the scenes to ensure a
favorable working environment for CPAs and accounting professionals. There
work continues to ensure reform detrimental to CPAs and accounting
professionals doesn't come to pass. Likewise, these groups are also working
to pass legislation that assists in advancing the integrity of the CPA -
such as the accountancy reform. Read of such scenarios in this week's
Chair's Message.
Volunteers Needed for Tax Program Assisting
Low-Income Families
Tax Talk Today Covers 2005 Tax Law Changes
Affecting Individual Returns
Quick Links to Michigan Tax Info
Perspective on Michigan E-file:
A Record Breaking Program – Thanks to MACPA
Independence and Compilations:
Your Input Is Needed
CPAs Are the Real Pit Bosses
Your Clients Need a Financial Check-Up
Once a Year
2005 Supply/Demand Report Shows
Continued Increase
in Accounting Graduates, Employment Up
Member Perceptions of the Peer Review Program
Is Peer Review Ready for Transparency?
Tough Times for the CPA Exam
Firms Need to Play a Stronger Role
2005 PAC Contributors Maintain the Integrity of the CPA
through Political Involvement
“Budgeting” No Longer Part of
Business
Vocabulary?
Winter Accounting & Auditing Conference
Features Two Special Presentations,
Excellent Breakout Sessions
Industry Members: Get Comprehensive Review
of Current Accounting Standards Impacting You
Unique Needs of the Controller Met at Tax
Course
Market to CPAs through the MACPA
High School Leaders Conferences Get
Students Excited About Accounting
MACPA, CareerBank.com Make Job/Employee Search Simple
MACPA Accounting Blitzes are a Big Hit
with
Students
Children Received Money-Minded Gifts
from MACPA
During the Holiday Season
In Memoriam
Top |
