AICPA News


FTC delays "Red Flags" rule until June 1, 2010

InfoTech Update | Nov 05, 2009

On Oct. 30, the Federal Trade Commission announced it was delaying enforcement of its "Red Flags" rule until June 1, 2010, for financial institutions and creditors subject to the FTC. The action was in response to a request from Congress, which was encouraged to pursue the delay by numerous organizations, including the AICPA and many state CPA societies. The AICPA is continuing to seek an exemption for CPAs and CPA firms before the rule takes effect next year. The "Red Flags" rule requires "creditors" or "financial institutions" with covered accounts to have programs to assist in identifying a potential identity theft. Enforcement of the rule was scheduled to take effect on Sunday, Nov. 1. For additional resources, visit the IT Center.


AICPA annual report for 2008-2009 available online and in video

InfoTech Update | Nov 05, 2009

The AICPA's annual report for the fiscal year running Aug. 1, 2008, through July 31, 2009, has been posted to our Web site (PDF 1MB). "Forward" tells how the AICPA and CPAs helped the nation navigate the financial crisis and discusses the year's important initiatives in advocacy, financial reporting, international convergence of standards, new programs to assist CPA firms in serving clients and filling the CPA pipeline for the future. Financial statements are included as well. You can download the annual report now and watch a video highlighting the year's most significant developments and their effects on CPAs.


Business Intelligence: Driving Value by Turning Data into Decisions Webcast

InfoTech Update | Nov 05, 2009

Brought to you by the AICPA Business, Industry and Government Community. On Thursday, Nov. 19, at noon ET, presenters Donny C. Shimamoto, CPA.CITP, founder of Intraprise TechKnowlogies and the leader of ITK's consulting practice, and Bernard Marr, Ph.D., chief executive and director of research for the Advanced Performance Institute, will discuss the business-intelligence tools and techniques that have become easier to use and can facilitate a wide range of analyses from complex cost allocations to customer-relationship management that can drive value in your organization. Register now to learn the concepts, principles and practices associated with BI as well as practical guidance for managing an enterprise BI initiative.




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Designed specifically for information technology professionals in the accounting profession, InfoTech Update is a FREE monthly e-mail newsletter from the AICPA. It provides key news, tips and tactics on information technology and its impact on CPAs. Learn more