Iowa CPA - June 2013

Welcome to new ISCPA year, new look of your newsletterBy Cindy Adams, executive director

Iowa Society of CPAs... Advancing the professional success of our members

Each year, May 1 is a day of transition for the Society. It is when one fiscal year ends and another begins, when the next year’s committees become official, and when we say thanks to last year’s leaders and new leadership takes over.

In this issue of Iowa CPA, you will find an introduction to your new president and the cur-rent listing of his fellow officers, information on decisions made by last year’s board including those that impact the new 2013-2014 year, and items on recur-ring programs and activities such as the practice review service and the biennial CPA Career Awareness Conference for accounting majors. There is a photo page featuring the outgoing and incoming presi-dents, recipients of ISCPA annual awards, and special recognition for top-scoring new CPAs who completed the CPA exam in 2012. The July/August issue will feature more photographs from the May 10 annual meeting. Plans are to include the candid shots from the day’s events and activities. Until then, check out the May 10 photos on our Facebook page. The space where ISCPA goes visual! And, as you may have noticed, the newsletter looks different.

New Look for June IssueSomething was in the air all spring. Maybe it was the fre-quent return of winter to Iowa or hearing how difficult tax season was, but there was a definite desire to brighten members’ world. And, once the newsletter was selected as the focal point, the concept spread like wildfire. First, your new Executive Committee is featured above (l to r):

President Seibel, Vice President Smith, Treasurer Bell, Secretary Meinders, and Immediate Past President Towne. Following is a list of other newsletter changes:

• A full-color printed newsletter, each issue• A full-color online, page-turner newsletter, each issue• Each June, your new Executive Committee will “walk”

around the letters Iowa CPA in the nameplate• Nameplates for subsequent issues will vary. Look for

something from your part of the state during the year!• The option for advertisers to place full-color ads (to come)• More photos, especially following events such as the an-

nual meeting (watch for the July/August issue)• Continuing a change introduced last year: More articles by

members and about membersPlease consider writing for the Iowa CPA or sending a techni-cal article you have written that we can reprint. Contact the Society for details.

Member Visits by Your ED, StaffIn summer 2012, I started visiting members at their employ-ers, focusing on locations outside of Polk County. During early spring 2013, management staff and I visited members in Polk County. Below is a list of the counties that were visited:

• Black Hawk • Linn• Carroll • O’Brien• Cass • Polk• Clay • Pottawattamie• Johnson • Scott

Currently, we are working with chapter presidents to set up approximately five PIUs (professional issues updates) around the state. Let me know ([email protected]) if you would like to help with one in your area.

June 2013

Newsletter from the Iowa Society of CPAs, your primary source for profession-related information.

2 | Iowa CPA | June 2013 www.iacpa.org

arly in his career, Don held a position in an industry that is fast disappearing because of the internet. What’s your best guess? Did you think of the print

communications industry? That’s pretty close. Don was a newspaper carrier for the Daily Reporter in Spencer.

Nothing about the industry employing Don today is fast disappearing. He is the chief financial officer and trea-surer with FBL Financial Group, Inc., West Des Moines. Instead of taking pleasure in throwing a newspaper to an exact spot on the porch, these days he likes “working with buy-side and sell-side analysts.” Because, he says, “It is always informative to get investors’ perspective of our company, the industry, and the economy.” From paper carrier to CFO is quite a leap. However, Don is still focus-ing on “doing what would make his mom proud.” He says, “She set the bar pretty high.”

Don’s biggest break was to get a job with a Big 8 CPA firm right out of college. His first job as a CPA was

staff accountant (auditor) for Ernst and Whinney (now Ernst & Young) in 1985. Don says, “Beginning a career in public accounting is a great way to get a lot of diverse business

experience in a short period of time. With a little hard work, those experiences helped me to develop my skills to (eventually) become the CFO of a public company.”

Why did Don choose accounting as a profession? Don says, “I knew the profession would provide me with a good general business background and a launching

spot for a number of different careers if I decided that I did not want to stay in public accounting my entire life. It didn’t hurt to know that the job prospects for a CPA were good since I left college with substantial debt to pay off.”

Even though Don has been employed in business and industry for years, he says, “I keep my CPA license active today, even though I don’t need it in my current position, because the CPA brand carries significant value, as it con-notes integrity, professionalism, and competence.”

• One word that sums him up: Family (Don and his wife, Helen, have two daughters: Molly, who just finished her first year at ISU, and Emily, who is a sophomore at Valley HS)

• A book he recently read: Team of Rivals: The Political Genius of Abraham Lincoln by Doris Kearns Goodwin

• What he likes to do in his “spare” time: exercise (something aerobic or weight lifting), watch Cyclone and Valley High School sports, and play golf

• A vacation spot he likes: anywhere with a sunny beach• A personal goal he has: do a back flip

Tidbits about DonIntroducing the 2013-14 Executive CommitteeFrom left to right on the front page nameplate:

President Donald J. Seibel FBL Financial Group Inc West Des Moines

Vice President S. James Smith McGowen Hurst Clark & Smith PC Winterset

Treasurer Patricia J. Bell Principal Financial Group Des Moines

Secretary Michael A. Meinders Carney Alexander Marold & Co LLP Waterloo

Immediate Past President Janice S. Towne Riverview Financial Group PC Keosauqua

For details, go to www.iacpa.org/AboutISCPA/ISCPALeadership/Board-OfDirectors.aspx.

ISCPA Central Chapter golf outing

The annual golf outing sponsored by the Central Chapter will take place on Monday, June 17, 2013, at Copper Creek Golf Course in Pleasant Hill. Contact Debra Gray (djgray@kpmg.

com) if you have questions.

Issue No. 2013-06

Published eleven times per year by the Iowa Society of Certified Public Accountants (ISCPA). Send address changes, advertising inquiries, and all correspondence to:

Iowa Society of CPAs950 Office Park Rd, Ste 300West Des Moines, IA 50265-2548 Email: [email protected] Website: www.iacpa.orgor, contact the ISCPA office:515-223-8161/ 800-659-6375 (in Iowa)515-223-7347 (Fax)

Meet your new president: Don Seibel

www.iacpa.org Iowa CPA | June 2013 | 3

New Members

Trudy DaileyCline DeVries & Allen LLP

CliveJamee Kluesner

Honkamp Krueger & Co PCHiawatha

Jessica M. MuhlbauerGronewold Bell Kyhnn & Co PC

AtlanticJoseph E. Smith

Schroer & Associates PCCouncil Bluffs

Student Affiliates

Betsy J. Bane-OcakKiesling Associates LLP

West Des MoinesNicole A. Conger

ARAG North America IncDes Moines

Michele R. DahlenWells Fargo Card Services Inc

West Des MoinesAdam Fortmann

EMC Insurance CompaniesDes Moines

Kendra A. GreenCargill

EddyvilleKristin L. Hanson

McGladrey LLPCedar Rapids

Ethan R. HollyMcGladrey LLP

Des Moines

Matthew D. HoranMcGladrey LLP

Iowa CityLisa M. Johnson

Grinnell-Newburg School DistrictGrinnell

Sarah K. MurrayMcGladrey LLP

Mason CitySusan G. Nordmeyer

FBL Financial Group IncWest Des MoinesNickolas SchaulCity of Iowa City

Iowa CityTina M. Stanley

City of AmesAmes

Exam-Qualified Affiliates

Buena Vista UniversitySheila V. WolfordDrake University

Jon LambertChristopher L. WahlSimpson College Hillary M. Courter

University of Northern IowaHollie L. Johnson

Joe Splinter, Eide Bailly LLP, Dubuque, was named a partner.

Mark Ellsworth, Cain Ellsworth & Co LLP, Sheldon, was named director of the insurance niche of the firm.

JT Anderson, formerly with Grinnell-Newburg School District, has joined Linn-Mar Community School District as chief financial officer and board treasurer.

Members in the News

The Society offers condolences to the families of:

Ronald M. Nims, Fogg Nims & Co LLP, West Des Moines, CPA certifi-cate No. 737. Ron became a Life Member in 2006, after 40 consecu-tive years of membership.

Ross A. Smith, Roth & Company PC, Des Moines, CPA certificate No. 6021. Ross had been a member for 25 years.

In Remembrance

Need your financial reports reviewed? Use the ISCPA Practice Review Service. Contact ISCPA for more

information.


Support for Windows XP, Office 2003 ends spring 2014

Additional InformationAdditional information on how organizations can prepare for the end of Windows XP and Office 2003 support can be found in a report on Gartner’s website at www.gartner.com/newsroom/id/2434216. The cost to purchase the report is $195.00.

After April 8, 2014, Microsoft will no longer provide support for Windows XP and Office 2003. Gartner, Inc., estimates that more than 15% of midsize and large enterprises will still have Windows XP running on at least 10% of their PCs after that date. Recommendations on what organizations should do now follow.

Understand RisksNot having support means that organizations’ PCs could be vulnerable to attack. Even if a device is on a private network and has no Internet access, another device that is attached can be infected with malware and bring the malware onto and infect the private network and other devices. Plus, many applications will no longer be supported if they are running on Windows XP. Organizations may be on their own to resolve issues and problems with these applications, which could result in system downtime.

Assess Position, Classify ResourcesOrganizations that have not completely finished migrating off Windows XP and/or Office 2003 should immediately review their project plans and ensure that they meet the April 2014 deadline. If your organization is unlikely to complete its migra-tion projects by that deadline, management should address what to do about critical resources first.

Gartner defines a critical application (or the user of criti-cal applications) as one where if the application fails or the user can’t do his or her job, there could be financial or legal consequences. Organizations must analyze their application portfolios to help safeguard the organization after XP sup-port ends, and in preparation for Windows 7 or 8 migrations. For critical applications that can run on Windows 7, consider moving these users first. If Windows 7 can’t be used, priori-tize these applications and users so that you can move them as soon as possible.

We Go To Work For You.

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Proposed changes to lease accountingBy Dan Hood, Accounting Today

The Financial Accounting Standards Board (FASB) and the International Account-ing Standards Board (IASB) have released for comment a revised exposure draft proposing significant changes to the standards for accounting for leases. The new proposed accounting standards update, Leases (Topic 842) — A revision of the 2010 Proposed FASB Accounting Standards Update, Leases (Topic 840), would create a new, converged approach to lease accounting that would remove the old distinction between operating and capital leases, and require instead that all assets and liabilities arising from leases be recognized on the balance sheet. How leases with terms of more than 12 months are treated will now depend on how much of the economic benefit of the underlying asset the lessee is expected to consume, which in practice will generally come down to whether it’s a lease for real estate, including land and buildings, or for other property, such as equipment, aircraft or trucks. (For leases of under 12 months, the preparer can elect not to apply the proposed standard.)

Read the entire article. www.accountingtoday.com/news/FASB-IASB-Propose-Major-Changes-to-Lease-Accounting-66718-1.html

Join our group!


CPE SpotlightInsurance Industry

ConferenceISCPA’s annual conference for those working in or with the insurance in-dustry is scheduled for Monday, June 24, 2013, at the Sheraton West Des Moines. Conference topics include:

• Comments from Iowa’s new insur-ance commissioner

• Condition of the industry• NAIC ORSA/Solvency II• Moody’s global rating methodology

for life insurers• Data analytics• US GAAP and IFRS update• Investmentaccountingandfinancial

instruments• Cyber theft and how to avoid it• Tax update• NAIC focus• Chiefinformationofficerexecutive

panel• Ethics• Regulatory update

Farm Taxation Update (with Andy Biebl)

August 6 – Sioux Falls, SDAugust 22 – Des Moines

2013 AHI Staff Training Programs

September 4-6 – BasicNovember 13-15 – Semi-Senior

Grain Accounting, Auditing, Tax, and

Legal UpdateJune 5

Holiday Inn Hotel & Conference Center, CoralvilleJune 12

ISCPA Training Center, West Des Moines

Technology ConferenceJune 6-7, 2013

Sheraton West Des Moines

ACPEN Monthly Webcast (classroom

or individual)Not-for-Profit Accounting,

Auditing, & Tax UpdateJune 26, 2013

Classroom locations: Des Moines, Moline, WaterlooGovernmental Accounting &

Auditing UpdateJuly 24, 2013

Classroom locations: Des Moines, Moline, Waterloo

Individual webcast information and registration: use link on the classroom

event description in the online CPE catalog.

Reminder!YourCPAcertificaterenewaldeadlineisJune30.TheIowa

Accountancy Examining Board has streamlined the renewal process. Renew online at: https://eservices.iowa.gov/licensedin-

iowa/renewal/. Starting this year, you can select either December 31 or June 30 as the end date of your three-year CPE cycle. Visit http://bit.ly/Y9334g for more information.

Join our 60-year celebration in Iowa CityOn September 26 and 27, the ISCPA’s Annual Fall Tax & Accounting Confer-ence will be celebrating its 60-year anniversary. Come celebrate with us and meet all of your CPE needs in one conference by selecting from 12 manage-ment, tax, and accounting topics during two days of sessions.

This year’s conference will also feature a session selected especially for emerging leaders. Everyone’s invited to the LEAP Task Force networking event on Thursday evening. Don’t miss out on either the education or the festivities!

A brochure with details will be sent in August.


Simplifying membership categories, restructuring duesAt its April 26, 2013, meeting, the ISCPA Board of Directors approved a proposal to reorganize 12 membership catego-ries into eight, simpler ones. The new categories fit the mission statement, provide for sustainability of the organiza-tion with likelihood of growth in the future, and reinforce the concept of CPA certificate = CPA certificate.

The basic requirement for membership remains the same: Holding a valid CPA certificate. The new structure, however, is built on the number of years one has held his/her original certificate: Five years or less, six to 10 years, and more than 10 years. No longer do potential members have to validate their current positions when applying for membership. Plus, all it takes is basic arithmetic for you to know which category applies to you. Dues amounts progress according to the length of time you have held your CPA certificate.

There continues to be a category for non-resident mem-bers and a new, combined category for those who are not currently employed, have returned to school as a full-time

student, or who have retired. Life members (those with 40+ years of continuous membership) still have their own category.

The Society kept a category for and welcomes associate members (non-CPA owners of a firm and non-CPA account-ing educators at colleges) and affiliates (those employed at a CPA firm or working in industry under a CPA; those eligible to sit for the CPA exam; and those who have sat but who do not yet have their certificate). Accounting students may become and remain student affiliates until they obtain a baccalaureate degree or, if continuously in school, a higher degree.

Members will likely not be impacted by the category changes until the annual membership renewal process begins in October 2013. However, the ISCPA membership applications will have the restructured categories and corresponding dues amounts for applicants. Printed copies of the new application may be re-quested from the Society or accessed online at www.iacpa.org/AboutISCPA/BecomeAMember/MembershipApplication.aspx. Please see comments by President Don Seibel below.

Staying sustainable in the modern world of associationsBy Don Seibel, ISCPA President

I applaud the revised dues structure approved by your board of directors on April 26, 2013. It will help enable the Society to fulfill its mission of Advancing the professional success of our members, while remaining on solid financial footing. In addition, the revised structure is easier to understand and is based on research regarding what has worked well for other state societies.

The revised dues structure and new membership categories emphasize that a CPA certificate has equal value, regardless of whether you are a part-ner for a CPA firm or a staff accoun-tant right out of college. The lower fee for students and the tiered structure of the dues based on length of time a certificate is held are designed to encourage the younger generation to become members. The long-term success of the Society is dependent on a high level of engagement by those entering the profession today.

A significant amount of work is done every year during the budgeting process to ensure that the dues for membership are commensurate with the value delivered to members. Benchmarking analysis of CPA society membership dues

indicates that the Iowa Society’s rates are well below the national average. We are able to keep our dues low because the organization is efficiently run and we have a very high qual-ity continuing professional education program that generates adequate revenue.

It is imperative that we grow our membership to continue the high level of member services we have come to expect from the Society. Like all busi-nesses, the cost of providing services increases every year. Yet, dues have not been increased in six out of the past 10 years, and in the four years when a small increase was made, it was not across all categories.

Having a dues structure that is easier to understand will reduce the confusion

you may have had regarding which category applies to you, and should help membership retention over time. Retention means your experience becomes one of our top strengths. It also means you support the work of your state CPA society.

I thank all of our 4,200+ members for their continued support of the Iowa Society.


IPE 10311922 INGERSOLL AVENUE DES MOINES, IOWA 50309

515.279.1111 • 888.226.0400FAX 515.279.8788

[email protected]

Manage Exchangeand Professional Riskwith the Midwest’s Premier Exchange

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Please underwrite student conferenceThe Career Awareness Committee will offer its 7th half-day conference for college students and faculty on November 1, 2013. It will again be held at the Des Moines Area Commu-nity College (DMACC), Ankeny campus.

The majority of students who attend these conferences are from Iowa’s four-year colleges and community colleges. If you help underwrite the conference, the committee will be able to keep the cost at $15 for a student affiliate to attend and $25 for a nonmember student to attend.

What Does Underwriting Cost? What Do You Get for It?Your CPA firm or company name will be publicized in the conference market-ing materials, including the printed brochure distributed to 3,500 college students, posters placed in college accounting departments, and online promotion of the conference. You would be able to have giveaway items dis-tributed for you. Most importantly, you

would know you helped the Society’s efforts to reach students and encour-age them to become CPAs and have a career in Iowa.

Underwriting is available for $50 for individual practitioners and for $100 for multiple-owner firms (i.e., firms with two or more partners, shareholders, or members) with one or more offices (see form at: http://goo.gl/zAU9c). For companies with an office in Iowa where a member is employed, underwriting is available for $100 (see form at: http://goo.gl/jCkUd). More is better!

Explore the CGMA portfolio of toolsLooking for valuable and effective resources? Explore the CGMA portfolio of tools. Dozens of tools are available on topics ranging from how to evaluate risk management maturity to turning data into decisions to navigating ethical issues. Check back often as new tools are being developed and uploaded frequently. www.cgma.org/Resources/Tools/Pages/tools-list.aspx

A message from your boardThe ISCPA Board of Directors met on April 26, 2013. Decisions and activities are listed below.

• Approved minutes of the December 6, 2012, meeting of the board of directors and the March 29, 2013, meeting of the executive committee.

• Approved memorial resolutions for Dennis G. Daedlow and Daniel L. Holz.

• Reviewed financial statements for the 11 months ended March 31, 2013.

• Approved the 2013-2014 budget including a dues restructure. (See article on page 6.)

• Reviewed written reports submit-ted by committee chairs.

• Received a report from Vice Presi-dent Don Seibel.

• Reviewed 2013-2014 committee projects.

• Reviewed a proposal to realign chapters into five regional alliances.

• Received a report on the 2013 legislative session.

• Received a written report from Steve Marlow on the March 21, 2013, regional meeting of AICPA Council.

• Discussed recent appointments to the Iowa Accountancy Examin-ing Board. (See May 2013 issue of Iowa CPA.)

• Received a staff stewardship report.

• Reviewed plans for the May 10, 2013, annual meeting.

• Scheduled a meeting for Septem-ber 20, 2013.

Commitment is what transforms a promise

into reality. –Abraham Lincoln

“”


ClassifiedsCAREER OPPORTUNITY-PUBLIC ACCOUNTING-TAX EQUITY OPPORTUNITY–Due to retirement, our established West Des Moines client is seeking an individual who can have equity participation in 3-5 years. With a loyal and diverse client mix in central Iowa, the Firm offers a long term career opportunity. We are interested in current CPAs with 5-7+ years in public account-ing and concentration in individual and corporate taxation. For confidential inquiry contact Miles Morrow, CPC, Iowa Career Con-nection: 515-282-5823 or [email protected]. We are retained by our clients who pay all fees.

CPA: OFFICE SPACE AVAILABLE–CPA wanted to share West Des Moines office with Financial Planner and Attorney. Furnished individual office space and receptionist provided. Rent is all inclu-sive of wireless internet, conference room, kitchenette, access to the fitness area. There is easy access and ample parking. Please respond to Garland and Associates at 515-276-8972. Please visit our website at www.garlandandassoc.com.

PRACTICE FOR SALE–Council Bluffs practitioner is retiring. Building is for rent. Contents are for sale. For further information, please contact John Houser at 712-323-8111.

AUDITOR–For over 50 years, Denman & Company, LLP, Des Moines Metro Area’s 4th largest CPA firm, located in West Des Moines, has been serving the financial needs of the Midwest offer-ing a full range of accounting, auditing, tax and consulting services. Due to continued growth, we are currently seeking an audit profes-

sional with 3-7 years public accounting expe-rience to complete audit engagements through completion. Position requires a Bachelor’s degree in Accounting or related field; CPA license and strong technical abilities, leadership and mentoring skills, and availability for limited travel. Denman & Com-pany, LLP is experienc-ing growth and offers opportunities for ad-vancement. We offer a generous compensation package, including ex-cellent benefits and in-centive bonuses. Please submit your resume and salary requirements in confidence to Human Resources, Denman & Company LLP, 1601 22nd St, Suite 400 West Des Moines, IA 50266, email: [email protected], fax 515-225-0149. EOC EOE

IOWA PRACTICES FOR SALE: Cedar Rapids/Waterloo Area CPA Practice - gross revenues $196K. Well-established practice with quality client base of individuals and businesses. Revenues comprised of 75% tax and 25% accounting/consulting services for year-round income. For more information about this great listing or others in your area, call 1-800-397-0249. Also, view listing details and register for free email updates at www.AccountingPractice-Sales.com. Thinking of Selling Your Practice? Accounting Practice Sales is the leading marketer of accounting and tax practices in North America. We have a large pool of buyers, both individuals and firms, looking for practices to purchase. We also have the experi-ence needed to help you find the right fit for your firm, negotiate the best price and terms and get the deal done. To find out more about our risk-free and confidential services, call Trent Holmes at 1-800-397-0249 or email [email protected].

MULTIPLE OPPORTUNITIES–Frankel Zacharia, LLC, a premier CPA firm in Omaha, NE is hiring for the following positions: Senior Tax Manager: CPA with a minimum of 8 years tax experience in a public accounting firm. Tax compliance for individuals, partner-ships, trusts and corporations. Strong verbal and written commu-nications. Independent, self-motivated and able to function as a member of a team. Critical thinking and strong analytical problem solving skills and attention to detail. Supervisor/Manager Tax Ac-countant: 4-8 years tax experience in public accounting. Prepare and review individual, corporate and partnership tax returns. In-struct and train assistants on tax preparation. Assist with review of significant engagement findings and issues relating to tax matters. Research complex tax issues. Staff/Senior Tax Accountant: 1-4 years public accounting experience. Prepare individual, corporate and partnership tax returns. Instruct and train assistants on tax preparation. Assist clients with various accounting services. Quali-fied candidates send resume to Lori Zahm: [email protected]. Resumes will be held in strict confidence.

SENIOR TAX PROFESSIONAL–Senior Tax Professional with 7+ years recent solid income tax experience in a public account-ing environment. Duties for this position include preparation and review of complex corporate, partnership and individual tax returns, including multi-state returns, and providing high quality tax consultation services to clients. Potential ownership opportunity for qualified candidate. Denman & Company, LLP, Des Moines Metro Area’s 4th largest CPA firm, located in West Des Moines, is experiencing growth and offers opportunities for advancement. We offer a generous compensation package, including excellent benefits and incentive bonuses. Send resume and salary require-ments to Human Resources, Denman & Company LLP, 1601 22nd St, Suite 400 West Des Moines, IA 50266, email [email protected], fax 515-225-0149. EOC

CAREER OPPORTUNITY-PUBLIC ACCOUNTING–Due to growth, our firm is in need of a CPA with 3-5 years’ experience in auditing and tax return preparation. Governmental accounting experience a plus. Future ownership expected to be available in 5-7 years. Firm is located in Oskaloosa, IA. Send resumes to [email protected].

Join us for a complimentary lunch as we discuss healthcare reform, regulations,

compliance and the role our organization will play in piecing the puzzle together.

June 25th, 11:30am–1:00pm Sheraton Hotel

1800 50th St., West Des Moines

Please RSVP by June 11th to Sara Brown at 515.369.7571 or [email protected]

Puzzled By The Affordable Care Act

Let us piece it together

a professional employer organizationbenefits | payroll | human resources

o n e s o u r c efocus

For ad rates and deadlines, visit: www.iacpa.org/ Resources/ClassifiedAds/ad_rates.aspx.


Silver Lining.®You deserve a

When something happens to your home, car, or business, it may not be a disaster.

Fortunately, West Bend provides a Silver Lining, no matter what the claim may be. When the Bauers’ truck and trailer were damaged in an accident, getting them back on the road quickly was important. So that’s just what we did.

With West Bend’s Home and Highway,® you’ll find a Silver Lining with features that include coverage for just about everything you own and a 5% cash back award if you don’t have a claim. You even get a special discount just for being a member of the Iowa Society of CPAs.

To find out more, visit thesilverlining.com.

On May 10, Incoming President Don Seibel recognized Outgoing President Jan Towne for her year of serving the Society in its top office.

2013 awards, new president

May 10 annual meeting luncheon speaker, Jim Bourke (left), from NJ, presented the 2012 Elijah

Watts Sells Award to Laura Hilby (right), one of Iowa’s new CPAs.

Certificates of Excellence were presented to Iowa’s successful candidates who passed the CPA exam in 2012 and scored in the top 3% (l to r): Josh Heine,

Carrie Weber, Nathan Cech, Tim Marlow, Laura Hilby, David Droessler, John Kampfe, and Justin Thier. Capstone Awards were given to Cech, Hilby, and Kampfe (front row)

for scoring in the top 1%.

ISCPA awards were presented to members (l to r): David Vaudt, 2013 Public Service Award; David Farnsworth, 2013 Rising Star; Joe Bouska, 2013 Distinguished Service Award; Patrick Meyer, 2013 Rising Star; and the 2013 Outstanding

Committee Chairs–Kurt Konek and Rod Van Genderen.

Suku Radia (right), named 2013 Outstanding CPA in Business &

Industry, was unable to attend the May 10 annual meeting. Outgoing President

Jan Towne (left) presented Suku his award on April 26, 2013, following the

spring board of directors meeting.

June5 Grain Accounting, Auditing, Tax, & Legal Update (gatu-ic) Coralville

6-7 Technology Conference (tc) West Des Moines10 The New Clarified GAAS-SAS No. 122 (ncas-sc) Sioux City12 Grain Accounting, Auditing, Tax, & Legal Update (gatu-dm) West Des Moines13 GASB Top 10-Key GASB Statements: Critical Requirements and Illustrations (gttl) West Des Moines14 The Clarified SASs – SAS 117 to Current (sasc) West Des Moines20 Critical Internal Control Concepts Under the Updated internal Control Framework (uic4-ic) Coralville20 Preparing OCBOA Financial Statements: Cash, Modified Cash, and Tax Basis (cmt4-ic) Coralville21 I See It! Bringing into Focus the New Clarified Auditing Standards (gnfr-ic) Coralville24 Insurance Industry Conference (iic) West Des Moines26 Not-for-Profit Accounting, Auditing, & Tax Update (nfpu-dm) West Des Moines26 Not-for-Profit Accounting, Auditing, & Tax Update (nfpu-mol) Moline, IL26 Not-for-Profit Accounting, Auditing, & Tax Update (nfpu-wlo) WaterlooJuly15 Nonprofit, State, & Local Governments: An Annual Update (gnau-sf) Sioux Falls, SD15 Nonprofits in Treacherous Waters: How to Avoid the Accounting & Auditing Icebergs (cnai-sf) Sioux Falls, SD16 Advanced OMB A-133 Issues (aomb-sf) Sioux Falls, SD24 Governmental Accounting & Auditing Update (gaau-dm) West Des Moines24 Governmental Accounting & Auditing Update (gaau-mol) Moline24 Governmental Accounting & Auditing Update (gaau-wlo) Waterloo

Presorted StandardU.S. Postage

PAIDDes Moines, IowaPermit No. 3433

CPE Calendar

a professional employer organizationbenefits | payroll | human resources

o n e s o u r c efocus

Calm BeforeThe Storm.

If you have a client that is struggling with healthcare reform, please give

us a call and let us tell you how Focus OneSource can help.

Call Sara Brown @ [email protected]

Iowa CPA - June 2013

Documents

Transcript of Iowa CPA - June 2013