CPE Evolution Making Progress
AICPA Fall Council in Seattle, WA
AICPA introduced Council Members to a proposed model for the new CPA exam. The meeting included brainstorming focused on content and what topics to include in the exam. It was not about format, so I cannot tell you if there are still four sections, etc.

The proposed model centers on the CORE CPA - to include Accounting, Audit, Tax and Tech. Then the exam candidate chooses one of three disciplines: Tax Compliance and Planning, Business Reporting and Analysis, and Information Systems and Controls.

NASBA and AICPA worked together on this model and are presenting it to their respective members. Both will do the same brainstorming exercise to get feedback.

From here, they will move forward to tackle the format of the exam.

It was a great Fall Council with lots of information and updates presented.

Watch for updates on trend reports and professional issues updates in future Monday Takeaways.
This will take about 2 minutes!

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A FEW SPACES LEFT at
Meet the SMALL Firms Night with BSU Beta Alpha Psi

Wed, November 6, 6:00 - 8:00pm
at ISCPA's office building - 1st floor training rooms

Historically, 30-40 BAP students are still looking for offers each November. These are GREAT Students!
Remember, it's about the person. A 3.5 GPA student may be a better fit for your culture than a 4.0 student.
You have to come and GET TO KNOW THEM!

We need to get this finalized

The cost is $50 - proceeds will go toward a donation to BAP.

QUESTIONS? Contact Laura 208-344-6261 LauraLantz@idcpa.org
In my last article we discussed the ambiguity that surrounds whether rental real estate qualifies as a trade or business activity for purposes of Internal Revenue Code §199A, the qualified business income (QBI) deduction. To provide at least some clarity, the IRS recently finalized a rental real estate safe harbor where, if all requirements are met, the underlying rental activity will be deemed to be a trade or business for QBI purposes regardless if the taxpayer is an individual or a pass-through entity. This article takes a closer look at the safe harbor provisions detailed in Revenue Procedure 2019-38.  
How do you stay on top of your professional game? Reading daily email news summaries? Professional journals? Peers in the office? Conferences and other CPE education? While each of these activities can provide insight, there is no place that summarizes computer technology better than your own state’s technology conference.

The independent advice, the direct application to professional accounting and the insights of trends in the market are presented in a succinct fashion in keynote and breakout sessions again this year.
The Tax Cuts and Jobs Act added a new requirement to IRC §451 that requires a taxpayer that is on the accrual basis and subject to the all events test to recognize revenue at least as quickly as the taxpayer recognizes the revenue on certain financial statements of the taxpayer (referred to as an applicable financial statement or AFS).

The IRS on September 5, 2019 released proposed regulations related to the §451(b) revenue conformity rule for taxpayers with applicable financial statements.

Effective dates will be delayed for private companies and certain other entities for FASB’s standards on accounting for leases, credit losses (known as CECL), and hedging after a unanimous vote by FASB.

ISCPA is excited to sponsor the 73rd Associated Taxpayers of Idaho Annual Conference!  Register here .

ATI's annual conference is the kickoff to the Idaho Legislative Session with elected officials, members of the business community and taxpayers from around Idaho.

ISCPA members will get ATI Member rates. Register here .
Special THANKS to PAYCHEX - our 2019 sponsor for the ISCPA Breakfast Series. Because of their generous donation we've been able to provide this series complimentary to members.

THANK YOU PAYCHEX!

You spoke, we listened!
Let's welcome back Ron Roberson ! And it gets event better...

Ron has joined forces with Bob Jennings and Taxspeaker - a company known for its industry-leading manuals, expert and energetic speakers, and award-winning research and compliance checklists and guides. 

Taxspeaker is the only continuing education company whose manuals ever won the coveted CPA Practice Advisor Reader’s Choice Award 3 years in a row , so you're in great hands!

November 18 & 19

ISCPA & ACFE Boise Chapter have once again partnered to bring you an outstanding 2019 Fraud Conference. If you focus on fraud, this conference is for you!
November 18th
  • 8:00 – 9:50 am – The Fraud Offender Profile
  • 10:00 – 11:50 am - I Would Never Do That!
  • 11:50 am – 12:35 pm – catered lunch
  • 12:45 – 2:35 pm - Comparing & Contrasting 5 Different Interview Styles
  • 2:45 – 4:35 pm - Implicit Bias In Investigations
  • 4:35 – 4:40 pm – Wrap up
November 19th
  • 8:00 – 9:50 am – Visualizing Data
  • 10:00 – 11:50 am - Metadata and Open Source Investigations
  • 11:50 am – 12:35 pm – catered lunch
  • 12:45 – 2:35 pm - Protecting Citizen Data: Risks to the Region
  • 2:45 – 4:35 pm - Psychology of Fraud and Scammer Tactics
  • 4:35 – 4:40 pm – Wrap up
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The ISCPA MEMBER DISCOUNT PAGE is a fantastic avenue for discounts and savings for Society Members. Check it out!