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. Volunteer for Junior Achievement Activities
2. Tax Info: New Electronic PIN Signature Requirement Begins in 2008; IRS Releases Interim Report on Tax-Exempt Hospitals and Community Benefit Project
3. Practice Leaders Workshop
4. Financial Planners Get New Ethics Standards
5. GASB Proposes Standards for Reporting Government Derivatives
6. Law and Accounting Firms Look to Attract the Next Generation
7. CPE News

JOIN THE GSCPA IN BRINGING ACCOUNTING TO STUDENTS: Join the GSCPA's Financial Literacy Committee in bringing financial education to middle school students through Junior Achievement's Economics for Success program. Volunteers are needed to teach the six week course this fall. JA will provide the materials and training to volunteers. If you are interested in volunteering for this worthwhile program, please contact Elizabeth Kistler at ekistler@gscpa.org or 404-504-
2941. 

TAX INFO: New Electronic PIN Signature Requirement Begins in 2008 - The IRS will simplify the signature process for electronically filed individual income tax returns submitted by tax practitioners. The simplification eliminates the need for a paper signature document to be sent to the IRS in support of electronically filed tax returns.

IRS Releases Interim Report on Tax-Exempt Hospitals and Community Benefit Project - The IRS has released an interim report summarizing responses from almost 500 tax-exempt hospitals to a May 2006 questionnaire about how they provide and report benefits to the community. Providing community benefit is required for hospitals seeking and retaining tax-exempt status as charities. 

PRACTICE LEADERS WORKSHOP PRESENTED BY THE STAFFING TASK FORCE:
August 8, 2007
Topic: A Focus on Recruiting and Retaining the Best and the Brightest; Speaker: Jennifer Wilson, Convergence Coaching, LLC.
Time:  8:30 a.m. - 4 p.m. (Registration begins at 8 a.m.)
Location:  GSCPA Offices
CPE:  8 hours CPE
Fee: $365 

FINANCIAL PLANNERS GET NEW ETHICS STANDARDS: The Certified Financial Planner Board of Standards, Inc. (CFP Board) has updated the ethical standards for financial planners who are authorized to use the CFP certification marks, including new guidance for Americans who seek professional financial planning advice.

GASB PROPOSES STANDARDS FOR REPORTING GOVERNMENT DERIVATIVES-PROPOSAL WOULD MAKE TRANSACTIONS MORE TRANSPARENT TO PUBLIC: GASB
proposed new standards for how state and local governments should report their involvement in often complex transactions known as derivative instruments. The proposal is contained in an Exposure Draft, Accounting and Financial Reporting for Derivative Instruments.

LAW AND ACCOUNTING FIRMS LOOK TO ATTRACT NEXT GENERATION: The legal and accounting professions, dealing with an escalating talent crunch, are sharpening their focus on Generation Y, or "the millennials," born since roughly 1980. About 76 million strong, their swelling percentage of the workforce as the overall labor market shrinks is fostering changes in recruiting and retention strategy, as reported by the Atlanta Business Journal.

CPE NEWS:
UPCOMING COURSES:
Government Financial Statements and Note Disclosures
Course No. 08006
August 3; 8 hours A&A
Instructor: Rhett Harrell Jr.
8:30 a.m. - 4p.m.; GSCPA Training Center

Pass Through Entities: Advanced Tax Issues (NEW)
Course No. 08017
August 13; 8 hours CPE
Instructor: Michael Mares
8:30 a.m. - 4p.m.; GSCPA Training Center

P S Corporations: A Complete Guide to Planning and Compliance
Course No. 08018
August 14; 8 hours CPE
Instructor: Michael Mares

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. Early registration ends August 8. This region-wide, two-day show is the largest GSCPA event featuring 16 hours of CPE including 16 hours of A&A. Dave Weber will present I'm Spread So Thin You Can See Thru Me - Advanced Time and Detail Management; and Marci Thomas will present Documenting the Auditor's Understanding of Internal Controls (A&A). The most up-to-date information regarding the vendors, speakers, and activities can be found on the SEAS web site.

2007 Accounting Institute - October 5, 2007; 8 hours A&A; Cobb Galleria Centre, Atlanta

2007 Fall Decision Makers Conference - It All Starts With You. October 18, 2007; 8 hours CPE; Cobb Galleria Centre, Atlanta; NEW for 2007 - Nonprofit Track

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

The next issue of E-Sources will be released Friday, August 10, 2007.