The 2004 RUS CPA Seminars have come to an end, and what an ending it was. Over the course of six weeks in August and September, RUS played host to a combined total of 624 people, a new record, in three locations. Those 624 in attendance represented 150 different accounting firms, 100 electric companies and 53 telecommunications companies, along with representatives from the American Institute of Certified Public Accountants, the Financial Accounting Standards Board, the National Exchange Carrier Association, the National Rural Electric Cooperative Association, a state auditor, and 3 Federal agencies along with a handful of consultants. Add in the fact that one seminar took place less than 24 hours after the host city had been hit by tropical storm Gaston, with fewer than 10% of registrants canceling at that location. This year's program included the usual program and accounting updates from the FASB, FERC and RUS along with an excellent session on SAS No. 99, Consideration of Fraud in a Financial Statement Audit, presented by one of the original authors of SAS No. 99; a thorough discussion of SFAS No. 150, Accounting for Certain Financial Instruments with Characteristics of both Liabilities and Equity, as it pertains to both electric and telecommunications cooperatives; an insider's look at Internal Control; an informative and entertaining update on Government Audit Standards; our normal top-notch session on income tax issues affecting RUS borrowers; and a thought provoking presentation on the changing demographic of Rural America. As we compile a list of suggested cities for 2006 and pack this year's files away, we want to say thanks to all registrants and speakers for making this a great seminar.