E-Sources, broadcast the second and fourth Friday of each month, provides timely information about issues affecting the accounting profession, educational opportunities, and special events.

In this Issue:
1. GSCPA Gavel Passes to Paula Mooney
2. Tax Info: IRS Launches Four New “Life Cycles” on IRS.gov; Revised Innocent Spouse Form Now Available
3. J. Sam Johnson Receives Meritorious Service Award
4. CPAs in Industry Lunch & Learn
5. Fraud Examiners Report More Corporate Deception
6. Financial Planning Industry Targets Younger Demographic
7. GSCPA Web Site Feature of the Week
8. CPE News

GSCPA GAVEL PASSES TO PAULA Y. MOONEY: Paula Mooney accepted the GSCPA gavel for 2007-08 from now past president William (Bill) Schneider at the Society’s Annual Convention in Grand Bahama Island in June.

TAX INFO:IRS Launches Four New “Life Cycles” on IRS.gov to Help Tax-Exempt Organizations Comply with the Law - The IRS launched four new "Life Cycles" — Web-based information tools — to help guide tax-exempt organizations through the federal tax rules and requirements that pertain to them.

Revised Innocent Spouse Form Now Available - The IRS announced a redesigned Form 8857, Request for Innocent Spouse Relief, that will help reduce follow-up questions and reduce the burden on taxpayers.

J. SAM JOHNSON RECEIVES GSCPA’S HIGHEST AWARD: The GSCPA recognized J. Sam Johnson with the 2007 Meritorious Service Award. This is the highest award presented and is for continued service to the organization and the profession. The award was presented at the GSCPA’s annual convention in June in Grand Bahama Island.

CPAS IN INDUSTRY LUNCH & LEARN: July 19 from 11:30 a.m. - 1:40 p.m. (lunch at 11:30, speaker starts at noon); Topic: Fraud Prevention & Detection (A&A); Speaker: Bill Jennings; Location:  Tarpley & Underwood; CPE: 2 hours; Fee: $15.

FRAUD EXAMINERS REPORT MORE CORPORATE DECEPTION: Despite the Sarbanes-Oxley Act and a heightened push for institutional integrity and fraud prevention, 76 percent of certified fraud examiners feel corporate deception has increased since 2002, and 56 percent of respondents said they have personally observed financial misconduct in the past year.

FINANCIAL PLANNING INDUSTRY TARGETS YOUNGER DEMOGRAPHIC: Financial planners are beginning to pay closer attention to people in their 20s and 30s, a group that has long received the brushoff from the financial-services industry because of its lack of wealth.

GSCPA WEB SITE FEATURE OF THE WEEK: The CPA Referral Service is a database designed to help individuals and businesses find a Certified Public Accountant to assist them with a variety of services. Sign yourself or your firm up today. Visit the Professional Resources area of the web site and complete the online form. There is a fee for this program.

CPE NEWS:
UPCOMING COURSES:
Estate and Gift Taxation of Nonresident Aliens in the United States (NEW) 
Course No. 07015
July 24; 8 hours CPE
Instructor: Michael Rosenberg
8:30 a.m. - 4p.m.; GSCPA Training Center

The Fundamentals of Federal Payroll Taxes, Benefits and New Hire Reporting**(NEW) **Qualifies for $30 AICPA discount
Course No. 07023
July 27; 8 hours CPE
Instructor: Beth Stenberg
8:30 a.m. - 4p.m.; GSCPA Training Center

Investing in Private Equity (NEW)  
Course No. 07029
July 31; 8 hours CPE
Instructor: Dennis Gerschick
8:30 a.m. - 4p.m.; GSCPA Training Center

UPCOMING CONFERENCES
Customize your own program by selecting from five or six concurrent sessions during each time period at the 2007 Southeastern Accounting Show – Wednesday, August 29 - Thursday, August 30. This region-wide, two-day show is the largest GSCPA event featuring 16 hours of CPE including 16 hours of A&A. Tom Newell will present New Auditing Standards; Chris Menard will present Advanced Excel Features. Early Registration ends August 8. The most up-to-date information regarding the vendors, speakers, and activities can be found on the SEAS web site.

2007 Financial Institutions Conference – The Nectar of Knowledge; September 20; Cobb Galleria Centre, Atlanta, Ga.

2007 Work/Life Balance Conference; September 28; Cobb Galleria Centre, Atlanta, Ga.

Comments/suggestions? Please email jetzbach@gscpa.org.  

The next issue of E-Sources will be released Friday, July 27, 2007.