Want some free CPE course material? Not for credit, but for learning? Included is some material I wrote.
CCH (Wolters Kluwer) makes the material for some of its courses available for no charge.
If you want CPE credit there is a fee for grading the exam and awarding credit. However, if your goal is learning the materials are available gratis.
(Cross-post from my other blog, Nonprofit Update.)
As I write this post, the following materials available:
I am pleased to report my firm passed peer review in 2015.
Peer review is a process CPAs go through to inspect their audit and review work. Experienced CPAs from another firm look at your quality control procedures and read through workpapers for a selection of engagements.
(Cross-posted from my other blog, Nonprofit Update.)
In the current system there are three grades from a peer review inspection:
- Pass with deficiency
I am pleased to report my firm received a pass report, the highest level currently available. I have gone through peer reviews in 2015, 2012, 2009, 2006, and 2003. Each time I received the highest grade possible.
Prosecutors in England failed in their efforts to convict six brokers of fixing Libor rates.
1/27 – Wall Street Journal – Six Ex-Brokers Acquitted of LIBOR Rigging in London – One key person was convicted at trial a while back and is now in prison. The six brokers just acquitted are the people he was supposedly conspiring with. Only the 6 weren’t conspiring with anyone about anything, according to the jury.
Overhead ratios in charities getting more attention. Wounded Warrior Project is again focus of discussion.
A running debate in the donor and nonprofit community is whether the ‘overhead ratio’ is a good tool to measure the effectiveness of a charity. There seems to be more discussion of the issue lately. Wounded Warrior Project is the focal point for recent discussion. A few articles of interest along with some background:
(Cross-posted from my other blog, Nonprofit Update, because this issue is likely of interest to many readers of this blog.)
1/27 – New York Times – Wounded Warrior Project Spends Lavishly on Itself, Insiders Say – Tell me your thoughts on the ongoing conversations in the nonprofit community about overhead ratios and I will tell you whether you will think this article is a balanced critique or a hit piece.
Yesterday I sent a package to a client via USPS’ priority mail. As always, I went to the USPS website to double-check the price.
Just about fell out of my chair.
SSARS #21 explicitly defines bookkeeping as being outside the scope of the SSARS literature. The question becomes what is bookkeeping and what is a preparation engagement.
The AICPA has an article that can help highlight the dividing line: Bookkeeping or preparation service? That is the question.
Article suggests three ways to look at a service to help a CPA figure out whether Section 70 of SSARS #21 applies. If you are wondering, please check out the full article.