Text Box: May 2006 Text Box: Volume 1, Issue 1 Text Box: A monthly publication of the Association of Filipino-American Accountants (AFAA)-New York Chapter Text Box: CPA LIMITED LICENSE IN MARYLAND   Are you aware that Filipino CPAs can apply for a CPA—Individual Limited License in Maryland?   The State Board of Public Accountancy of Maryland Department of Labor, Licensing & Regulation may issue a limited license for the practice of  Certified Public Accountancy to any applicant who is: 1. Licensed to practice public accountancy in another state or foreign country 2. Not a resident of Maryland 3. Does not have a place of business in the state  (cont’d on page 3)   1.      (cont’d on page 3)       1.   2.     Please call Neva Fajardo for details at 917-386895 or  email her at nevatfajardo@yaho.com     Text Box: PICPA Declares Amnesty to Nonpaying Members Text Box: San Francisco Welcomes the NCPACA Text Box: In their desire to encourage the CPAs to activate their membership in our organization, the Board of Directors of the Philippine Institute of Certified Public Accountants (PICPA) during their meeting on January 28, 2006, approved the assessment of TWO THOUSAND PESOS (P2,000.00)  only as membership dues for 2006 and prior years.   Thus, even if you have been delinquent with the payment of your dues for more than two years, you will only have to pay the said amount in order to be a member in good standing again. According to Minda Ledesma, PICPA’s National Executive Director, the amnesty will run until June 30, 2006.In Text Box: this regard, AFAA NY Chapter is offering assistance to Filipino CPAs here in the US to renew their PICPA membership. Using the PICPA membership form attached to this newsletter, please send the same to AFAA NY office at 97-45 Queens Blvd.,  Ste. 1030 Rego Park, New York 11374,  along with your 1X1 picture and your check payable to AFAA NY for $45. The amount is inclusive of mailing and handling fee.   Being a member in good standing of PICPA is also a requirement in the application for a CPA Limited License in Maryland. (see related story, column 3 of this page)   Text Box: deadline). Guest is $175 (add $15 after early bird deadline).  See yah!   Text Box: The 20th  annual summer convention of the National Council of Philippine American Canadian Accountants (NCPACA) will be held in Hyatt Regency, Embarcadero, San Francisco California from June 30 to July 2, 2006. NCPACA has reserved a limited block in the Hyatt at a discounted price of Text Box: $159 plus tax for single and double occupancy. To get the special convention rate, please call the hotel at: (415)-788-1234, or (800) 233 1234 before  May 15, 2006. Online registration is at www.picpausa.org  Fees are as follows: Delegate is $300 (add $25 after early bird

 

Text Box: AFAA-NY Newsette   Website: www.afaany.org    Tel no. 718-275-1422     Fax no. 718-275-1422 Text Box: The Philippine Institute of Certified Public Accountants (PICPA) Board of Directors declared amnesty to non-paying members. The assessment of P2,000  as membership dues was approved on January 28,2006 during the meeting.

Avoid Common Deficiencies in

Yellow Book Audits

2

Calendar of Events

3

Refer a New

Member and Get a

Starbucks Gift Card

3

Message from the President

3

AFAA-NY Chapter Officers

4

Pinoys to be Proud of

4

Flash News

4

“Virtues are what’s good about us”

Janie, age 6

Virtue of the month:

Determination