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Other Comprehensive Basis of Accounting Fundamentals | 4152308D

July 1, 2015
Sacramento Area
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A blog for and by a community of professionals


President's Message

Chapter Update

July 18, 2017

By Andy Anderson, CPA, CGMA

June is done. School is out. Graduations have happened. Summer is here. Tax season is pretty much over. My daughter’s family purchased an annual pass to the national parks and is taking a 14-day trip to see the national parks in southern Utah. They do something like this every year. Pack up and go. They are both teachers and summer is the time to get away. With social media, it’s fun to keep up with their adventures. And they probably enjoy it more than if grandpa and grandma were actually on the trip with them! So what are you doing this summer?

We recently had our first board meeting under my reign of terror. It was fun and educational. It was fun because we had Neil and Jan Palmer from the Communication Excellence Institute teach us about our non-communication skills. Did you know that 93 percent of our communication is non-verbal! They taught us how to stand when making presentations and how to sit when talking with clients. It was interesting and enlightening.

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Chapter News


Renew


Be on the Cutting Edge of Forensic Issues, Cases

By Kathy Johnson, CPA, CFF, CGMA, MBA

Join me as a member of this value-packed section of CalCPA. Members in the Forensic Services Section are experts in business valuation, economic damages, family law and fraud. Section meetings provide you with opportunities to network with experts in all areas of forensic accounting—and earn CPE as you keep current on landmark cases, including hearing from those who worked on the front lines.

Past presentations included:

  • CPAs who represented AEG Live in the Michael Jackson wrongful death case explaining the plaintiff’s perspective;
  • The director of internal audit with Caesars Entertainment Group describing common frauds and internal controls frameworks governing casino operators;
  • A former chief accounting officer sharing an account of how he committed corporate fraud;
  • A U.S. Federal Magistrate Judge discussing his approach to settlement conferences; and
  • The attorney for the city of San Jose in the Oakland A’s lawsuit outlining the city’s argument against the MLB.

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July 27: A Case Study of Forensic Audit in Small Government

Join the East Valley Discussion Group and hear about details surrounding the city of South Mountain and its external auditor, which in September 2015, suspended its audit and refused to issue any report due to irregularities involving two city contractors. The matter was referred to a forensic auditor to resolve the issues identified by the external auditor.

Register or learn more.

 


Baseball Game Networking Social Aug. 10

Join our chapter’s young and emerging professionals and take in a San Bernardino’s 66ers vs.Lake Elsinore Storm game! We welcome you to a night full of excitement and food, with the opportunity to discuss current events and network with other young and emerging professionals!

Register or learn more.

 


Sept. 19: Attorneys Bankers & CPAs Networking Mixer: Riverside

Be a part of the networking opportunity of the year and mingle with attorneys, bankers, CPAs and other financial professionals. See old friends and make new ones while enjoying hors d’oeuvres and a glass of wine or beer, which are included. Early-bird discount applies when registered by Sept. 12. Don’t miss out on this great annual networking night!

Register or learn more.

 


Sept. 28: 2017 Tech Trends and Update

Our annual technology update is enlightening—and sometimes frightening, given the pace of change. Join us as Bruce Gray, CPA, CGMA, former chair of the CalCPA Technology Committee, shares some interesting tricks, trips and trends. What should we be worried about? What are some of the cool new tools and apps out there? What steps can we take to better protect ourselves in cyberspace?

Time: 7:30–9 a.m.
Location: Village Grill; 148 Yale Ave,; Claremont
Cost: $15/members; $25/for guests (includes breakfast)
CPE: 1 hour

Register or learn more.

 

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CalCPA News


Sales Tax on Services Legislation Introduced

Tax on services continues to be a topic of discussion in the Legislature. A recently introduced bill, SB 640 (Hertzberg), proposes to enact a sales tax on services—including those provided by CPAs. While the bill does not articulate how such a complex shift in the tax burden would be accomplished, the introduction of this legislation keeps the issue on the radar within the public policy arena—particularly as tax reform conversations heat up.

Similar far-reaching tax on services proposals were introduced in 2015 and 2016 by Sen. Hertzberg, but both bills died in the Legislature when they failed to meet legislative deadlines. These proposal have been characterized as a way to broaden California’s tax base to address a volatile stream of tax revenue. However, the proposal would impose an extremely complex shift in the tax burden to raise billions in new tax revenues.

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Family Law Conference


Behind the License

We know there’s more to your life than the tax forms, deadlines and rules and regulations that you spend time with at the office. And we want to tell your story—or the story of a member you may know.

Our monthly Final Entry feature in California CPA takes a look at the person behind the license. Over the years we’ve featured members who race carsplay in a banddevote time to nonprofit causeshave taken on physical endurance challengessurfDJ and make wine.

So, what’s your story?

If you’d like to participate or want to recommend a colleague, contact managing editor Damien English with details and we’ll set up a short interview.

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Aug. 7–11
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Oct. 23-27

Nov. 27–Dec. 1
 
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