For news from the AICPA and state societies, visit www.cpaweb.org , which also offers online CPE, AICPA professional literature, practice management aids and links to state society Web sites.

Panel critiques Basel Committee’s proposed international capital standards for banks ( www.aei.org/shdw/shdw169.htm ).

Draft IFAC standard focuses on roles of auditors and bank supervisors. Comments are due by June 12 ( www.ifac.org/News/LastestReleases.tmpl?NID=98201 967512258 ).

FASB report recommends measures to lessen redundancies in GAAP, SEC disclosure requirements ( accounting.rutgers.edu/raw/fasb/news/nr030601.html ; accounting.rutgers.edu/raw/fasb/brrp/brrp3.html ).

FASB offers guidance on accounting for transfers, servicing of financial assets ( accounting.rutgers.edu/raw/fasb/news/nr021501.html ).

Corporate annual reports, disclosures to receive more SEC scrutiny ( www.sec.gov/news/speech/spch464.htm ).

SEC to propose rule on electronic reporting and recordkeeping ( www.sec.gov/rules/proposed/33-7955.htm ).

SEC crackdown on Internet securities fraud continues ( www.sec.gov/news/press/2001-24.txt ).

SEC files suit against former CUC officers for filing allegedly false company income reports ( www.sec.gov/news/digest/02-28.txt ).

SEC to host roundtable discussions on regulating financial portals, global markets ( www.sec.gov/news/speech/spch465.htm ).

IFAC issues public sector exposure draft on events that occur after the reporting date. Comments are due by May 31 ( www.ifac.org/Guidance/EXD-Download.tmpl?PubID=98044113798449 ).

IFAC exposure draft addresses segment reporting for public entities. Comments are due by May 31 ( www.ifac.org/Guidance/EXD-Download.tmpl?PubID=980441403101013 ).

Public sector disclosure of financial instruments is the subject of IFAC exposure draft. Comments are due by May 31 ( www.ifac.org/Guidance/EXD-Download.tmpl?PubID=980441670103481 ).

IFAC exposes draft on public sector accounting for investment property. Comments are due by May 31 ( www.ifac.org/Guidance/EXD-Download.tmpl?PubID=980441893105583 ).

IASC standard prescribes accounting treatment for agricultural activity. Effective for annual financial statement periods on or after January 1, 2003 ( www.iasc.org.uk/frame/cen2_141.htm ).

IFAC signs up with eXtensible Business Reporting Language consortium ( www.ifac.org/News/Initiatives.tmpl#1 ).

IFAC president outlines plan to improve global financial reporting and auditing ( www.ifac.org/News/Initiatives.tmpl#2 ).

U.K. regulator addresses operating lease incentives, Web site development costs ( www.asb.org.uk/publications/publication325.html ).

U.K. accounting standard setter issues discussion paper on small entity reporting. Comments are due by May 18 ( www.asb.org.uk/publications/publication324.html ).

BDO Seidman not liable under state law for its bankrupt audit client’s fraud, says New York Court of Appeals ( www.courts.state.ny.us/ctapps/decisions/11opn.pdf ).

IASC issues list of terms to be used in XBRL-based financial reports ( www.iasc.org.uk/xbrl/index.html ).

SEC upgrades its Web site to include segment designed specifically for accountants ( www.sec.gov/news/press/2001-22.txt ).

California state controller offers amnesty from interest due for unclaimed property ( www.sco.ca.gov/col/ucp/amnesty/index.htm ).

Institute of Internal Auditors revises red book of standards, practice advisories ( www.theiia.org/ecm/guide-stand.cfm?doc_id=119 ).

IFAC publishes acclaimed management accounting articles. Journal of Accountancy awarded top honor ( www.ifac.org/News/LastestReleases.tmpl?NID=9834804902555 ).

SSA expands its Web site services ( www.ssa.gov/onlineservices/ ).

Chief accountant of SEC’s investment management division moves to Arthur Andersen (Not yet posted on SEC Web site).