Self-assessment exam.

Catalyst -- January/February 2006

Earn convenient CPE credit with the Catalyst CPE exam. Answer the 25 required questions based on content in Catalyst: The Leading Edge of Ohio Business and submit your answers to The Ohio Society of CPAs. Receive a grade of 75 percent or better and earn two hours of CPE credit. Permission to provide CPE credit has been granted by the Accountancy Board of Ohio.

The grading process is handled in a confidential manner. Respondents will be notified by e-mail of their exam results.

Costs

ONLINE PRINT MEMBERS $25 $30 NON-MEMBERS $35 $40 Print Instructions

1. Detach the exam insert from Catalyst and tear along the center perforation.

2. Take the exam as an open-book test, recording your answers on the answer sheet by filling in the appropriate circle (pen or pencil is fine).

3. Then, fill out the registration information below.

   Please print clearly.

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4. Payment must be submitted with the exam: $30 for members, $40 for non-members. Make checks payable to: The Ohio Society of CPAs.

5. Mail this page, along with your payment, in an envelope to:

   The Ohio Society of CPAs

   Catalyst Exam

   P.O. Box 1810

   Dublin, OH 43017-7810

   Online Instructions

1. Go to www.ohioscpa.com.

2. Click on "CPE & Events."

3. Click on the link for "Self-Study & Web-based," and then "Self-Assessment Exams." This will provide links to all active exams.

4. Complete the exam and click "Submit" when you are finished.

5. Print the confirmation for your records.

   * This exam must be received by The Ohio Society by Dec. 31, 2006. Exams postmarked after Dec. 31, 2006 will be returned.

   Self Assessment Exam Results

   The Ohio Society sends test results via e-mail. Please provide a current e-mail address in the space provided. Respondents who passed with a grade of 75 percent or better qualify for two hours of CPE credit in specialized knowledge, as approved by the Accountancy Board of Ohio.

   Exam Questions for Catalyst -- January/February 2006

   (Please choose the best answer to each question)

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   Enhanced business reporting: Providing relevant information for decision makers

1. The enhanced business-reporting (EBR) project is designed to:

   1. Improve the quality of reported financial information in a cost-effective and time efficient manner

   2. Improve the integrity of reported financial information in a cost-effective and time efficient manner

   3. Improve the transparency of reported financial information in a cost-effective and time efficient manner

   4. All of the above.

2. Diane Conant, partner, Conant, Nelson & Conant, identifies several benefits that could arise from enhanced business reporting. These include:

   1. Improved investment allocation for clients

   2. More relevant, but less useful, information for decision-making purposes

   3. Reduced month-end closing times

   4. All of the above.

   How to hire, keep CPAs in today's tight market

3. According to Amy Langer, co-founder and partner at SALO LLC, the most sought after accounting professionals in today's job market are those:

   1. With two to four years of work experience

   2. With a CPA background, experience in all three areas of accounting, SEC reporting experience and strong GAAP skills

   3. With four to eight years of work experience along with "focused experience in one distinct area of accounting"

   4. Non-CPAs with four to eight years of work experience.

4. Firms interested in keeping their high performing "accountants" should:

   1. Focus more on paying competitive salaries than on providing a workplace with work-life balance

   2. Accelerate promotions whenever possible

   3. Focus on paying competitive salaries and on providing a workplace with work-life balance

   4. Avoid using outside consultants to help in times of heavy workloads.

5. Which of the following does not represent one of the seven tips for hiring accounting staff provided by Scott Sterling, division director for Robert Half Finance and Accounting?

   1. Perform phone screens instead of incurring the cost of a face-to-face meeting

   2. When you find the right person, move fast

   3. Deliver your best offer first

   4. Pay attention to culture fit.

   Ohio's new data breach law: Why you should care

6. Ohio HB 104 requires consumer notification of a breach of personal information:

   1. Only when identify theft is certain

   2. In all instances where a person's first name and last name are obtained, regardless of whether any added information is also obtained

   3. When personal information was, or is believed to have been accessed and acquired by an unauthorized person

   4. When personal information was, or is...