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The article offers information on the Illinois Department of Financial and Professional Regulation's amendments related to Illinois Public Accounting Act. It focuses on implementing the Illinois Public Accounting Act of the Civil Administrative Code of Illinois and also talks about the National Association of State Boards of Accountancy along with establishment of a peer review program.

The article focuses on a notice of proposed amendment issued by Illinois' Department of Financial and Professional Regulation regarding Illinois Public Accounting Act. It mentions statutory authority for implementing and authorized by Section 2105-15(7) of the Civil Administrative Code of Illinois. It also mentions activities in such a way as to necessitate additional expenditures from local revenues.

The article presents a notice issued by the Illinois Department of Financial and Professional Regulation for implementing the modified form of the Illinois Public Accounting Act. These modifications have been made due to revisions made to the statement on standards by the American Institute of Certified Public Accountants and National Association of State Boards of Accountancy. Information regarding the increase in a non renewed license from 20 U.S. dollars to 50 U.S. dollars is presented.

The article offers information on several proposed rulemakings to be discussed at the meeting of the Joint Committee on Administrative Rules (JCAR) in the September 2012 in Illinois. It states that the Department of Agriculture issued the Meat and Poultry Inspection Act, the Department of Children and Family Services issued the Residential Services Construction Grant Program, and the Department of Financial and Professional Regulation issued the Illinois Public Accounting Act.

The article presents the notice of proposed amendments on Illinois Public Accounting Act published by the state's Department of Financial and Professional Regulation. It offers information on application for licensure as a certified public accountant and a registered certified public accountant. It discusses fees for the administration of the Act and application for licensure.

The article presents the notice of proposed amendments for the Implementing the Illinois Public Accounting Act. It focuses on the qualifications of the members of the Board of Examiners under the Uniform Certified Public Accountant (CPA) Examinations. It states that the proposal amends the educational requirements for the Uniform CPA Examination after July 1, 2013.

In this article the author examines how to improve economic conditions in the U.S. According to the author the next U.S. president could plan for a return to a sound dollar, regulate the U.S. securities industry without hindering it, and resisting the urge to manipulate prices in a politically expedient direction. The author suggests that the government should get control of its lost finances before taxes are increased. Additional topics include the importance of strengthening the U.S. dollar, fixed exchange rates, and anchoring the reserve currency in gold.

The article examines the U.S. 2012 indictment on charges of fraud and embezzlement against Rita A. Crundwell, comptroller of the town of Dixon, Illinois. The massive nature of the fraud outlined in the indictment, which charges Crundwell with stealing approximately $53 million from the town from 1990-2011, is considered. It is noted Dixon has a population of only 16,000 and an annual budget of roughly $20 million.

The article reports on additional contracting costs facing U.S. federal agencies due to a new accounting rule requiring reimbursement of contractors for employee pension costs. Comptroller Robert Hale expects billions of dollars in additional costs at the Defense Department. Richard Loeb, former executive secretary of the Cost Accounting Standards Board, explains that agencies will pay for decreased contract prices if the market improves and pension fund investments earn money.

The article discusses the decision of the Illinois Supreme Court in the cases including Skaperdas v. Country Casualty Insurance Co., related to the neglect of procuring insurance coverage of a automobile by insurance agent, and the case Brunton v. Kruger related to the accountant-client privilege under the Public Accounting Act. It mentions that the court ruled that the Illinois Code of Civil Procedure limits insurance producers' liability for fiduciary duty claims.

The article reports on an exposure draft that was issued by the U.S. Governmental Accounting Standards Board (GASB) in March 2011, titled Financial Reporting of Deferred Outflows of Resources, Deferred Inflows of Resources, and Net Position. The draft focuses on the improvement of financial reporting by minimizing uncertainty involving financial statement presentation of deferrals and their impact on the net position of the U.S. government. The draft aims to amend the requirements of GASB Statement number 34 titled Basic Financial Statements-and Management's Discussion and Analysis-for State and Local Governments.

The article reports on the concern of the Maine Department of Transportation (MDOT) on the possible impact of the Taxpayer Bill of Rights on government spending in the state. It is said that the bill was created to limit the future growth of spending in the state, municipal and school district levels. According to MDOT deputy commissioner Bruce Van Note, the spending increases in the agency will be limited to 3.4% for the period 2008-2009.

The article presents the 2011 New Jersey State Board of Accountancy Report. It mentions that the board's regulatory analyst expressed concerns on wording regarding security and exam cheating, clarifying disclosure statements and the recouping of associated fees. It also states on the New Jersey Society of Certified Public Accountants (NJSCPAs) Professional Development Conference which will tackle on recommendations regarding generally accepted accounting principles (GAAP).

The article focuses on the New Accounting Law which introduced a reform to the public accounting and financial system in Italy. It states that the new law has the provision for the enactment of accounting rules for the public sector by the government through legislative decrees. According to the new law, the new document "Decision for Public Finance," to be prepared the government, should include the objectives of the economic policy.

The article reports on the amendment to the Sarbanes-Oxley Act (SOX) of H.R. 3346, which was introduced by Financial Services Committee Chairman Barney Frank and Capital Markets Sub-committee Chairman Paul Kanjorski. It states that the SOX amendment aim to allow Public Company Accounting Oversight Board to share confidential information with foreign audit oversight authorities. It cites that foreign auditor oversight authority refers to any government body empowered to enforce such regulation.

The article reports on the constitutional legal challenge filed by the Free Enterprise Fund of Washington, D.C. in February 2006, which challenges the constitutionality of the Sarbanes-Oxley Act of 2002 (SOX) and its provisions that govern the accounting of public companies. The Free Enterprise Fund advocates free enterprise and limited government. The lawsuit, filed in the Court for the District of Columbia, alleges that although SOX purports to make the Public Company Accounting Oversight Board (PCAOB) a private entity, it delegates to the board vast governmental powers. It also alleges that the PCAOB violates the Appointments Clause of the Constitution. In addition, the suit claims that the PCAOB violates the separation of powers principles.

This article reports on the release of the 2001 Handbook of Public Sector Accounting Pronouncements by the International Federation of Accountants (IFAC). The article notes that the book provides the International Public Sector Accounting Standards and mentions that the handbook is available online at the IFAC's website www.ifac.org/store.

The article focuses on the draft model public accountancy bill which was discussed at the American Institute of Certified Public Accountants--National Association of State Boards of Accountancy conference. Provisions of the draft bill include restricting audit, review and compilation reports to holders of permits to practice; issuing reciprocal permits to practice; the post-baccalaureate requirement for entry into the profession; continuing professional education for renewal of permits to practice; and confidential communications between accountants and their clients.

The article reports on criticisms against the use of public accounting rules as a model for grading bank anti-money laundering (AML) procedures which was proposed by New York State Banking Superintendent Benjamin Lawsky. It discusses the impact of the tightening of personal accountability for executives involved in Bank Secrecy Act compliance on AML specialists, and the plan of Lawsky to conduct audits of filtering systems.

The article reports on the American Bar Association (ABA) taxation section and the National Association of Bond Lawyers (NABL) to seek changes regarding the proprosed regulation of the Treasury Department on bond-financed solid-waste disposal facilities. The associations stipulate a tax-exempt bonds to finance a facility if residual material constitute 5% of all materials made in the production. It notes that the regulation was proposed in September 2009 to cover all legitimate waste facilities.

Reports on a legislation that will subject government agencies in Scotland to detailed audits. Legislative bill published by Scotland's Finance Minister Jack McConnell; Creation of a government agency called Audit Scotland; Accountability of Scotland's senior officials to the Parliament.

Focuses on the passage of the Regulatory Accounting Amendment affecting the assessment of costs of federal regulatory programs. Features of the bill; Implications for business; Business reaction to the bill.

Reports on the move of the Treasury to issue a green paper that shifts the British government's system of accounting from cash accruals accounting. Benefits of accruals accounting; Impact of the shift on whitehall departments; Advantages of accruals accounting over cash accounting.