Posts Tagged ‘AICPA’

From the AICPA:

AICPA Honors Annette Nellen
with Arthur J. Dixon Memorial Award

Professor Annette Nellen, San Jose State University

Professor Annette Nellen, San Jose State University

Washington, D.C., Nov. 6, 2013 –Annette Nellen is the recipient of the 2013 Arthur J. Dixon Memorial Award, the highest honor bestowed by the accounting profession in the area of taxation.  The award, given by the Tax Division of the American Institute of CPAs (AICPA), was presented today at the AICPA’s Fall Tax Division Meeting in National Harbor, Md.

Click here to read the press release in its entirety.

Professor Annette Nellen, San Jose State University, surely deserves this honor. Her views on taxation are widely disseminated–via more than 250 articles, numerous testimonials before government panels, on multiple web sites, and her blog21st Century Taxation.

I applaud the AICPA for exercising good judgment in assigning the award to Professor Nellen.

I congratulate Professor Nellen for accomplishing so very much in her special career.

Debit and credit – – David Albrecht

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Do you know that the AICPA has a video page called AICPA TV?  Judging by the hit count, you didn’t.  Neither did I.

Friend Barry Rice (retired, Loyola U) sent me an e-mail calling the latest entry inspirational.  What do you think about Evolution of a Profession?  Professor Rice thinks we should be showing this video to our students.

The speakers are Noel Abdur-Rahim, CPA, and Steve Beguhn, CPA.  You might recall Beguhn from his stint on American Idol.

The AICPA YouTube channel doesn’t contain all of the AICPA TV videos.  Too bad.

Debit and credit – – David Albrecht

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James Kroeker, the SEC’s chief accountant, spoke to the AICPA on Monday.  He said,

We remain committed to completion of a final comprehensive report on [IFRS] … the staff will need … a few additional months time to produce a final report. At the same time, the staff is in the process of developing an approach for Commission consideration.

I’m shocked.  What is the SEC waiting for?  President Obama has already promised the G-20 to move the U.S. to complete IFRS adoption.  The SEC is on record as committed to moving the U.S. to global accounting standards.  And Kroeker probably dreams of getting an IFRS tattoo.

Message consistently delivered by current and former IASB chairs.

I know Tom Selling at Accounting Onion keeps writing that there is still hope for derailing the IFRS Express, but I doubt it.  The reason for doubt is SUMMArized in the image to the right —->

Kroeker also said the SEC should, “Provide for and facilitate a strong U.S. voice in the process of establishing global accounting standards.”

Yeah, right.  I know what Hans, Ian, and the IASB have to say about that.  Can’t print it here, though.

Did you notice that the FASB and the FAF escaped mention?  They are already an afterthought.  In the new world of accounting standard setting, it will be the SEC calling the American shots.

I sense a power struggle going on between the SEC and the IASB, and I suspect it is the only reason why the SEC is asking us for “just a little more time.”

Meanwhile, I remain committed to defeating the movement to adopt IFRS in the USA.  IFRS has the worst set of rules imaginable for the US.  I hope we never have to use them.

Debit and credit – – David Albrecht

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The AICPA 2010 Accounting Competition has reached the semi-final stage, where the public (that’s you) can vote (November 11 – November 19) on the best presentation.  Voting is a wonderful way to support students.

The advancing teams are from these schools:

  • The Citadel
  • Elms College
  • Ohio Dominican University
  • Pittsburg State University
  • University of St. FrancisSan Jose State University
  • San Jose State University
  • University of Southern Indiana
  • University of Tennessee
  • University of Texas at Dallas

To view each seven minute video presentation and vote, click here.

Congratulations to every student team that entered.  It might sound trite, but you are all winners.

Worth mentioning are two student presentations that make excellent use of the video medium.  The first is the Green Assets team from Ohio Dominican University.  The second is Eco Consulting team from the University of Texas at Dallas.

To vote, click here.

Debit and credit – – David Albrecht

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