Short takes, notes and items of interest.

  • The International Federation of Accountants released a new discussion paper on information technology and education. Implementing International Education Guideline 11, Information Technology in the Accounting Curriculum, Strategies of the American Institute of CPAs , is intended to help determine the changes needed in accounting education, including continuing professional education, to better develop information technology skills. For more information on the discussion paper, contacct Milou Kelley at the IFAC at 212-302-5952.

  • The Federal Deposit Insurance Corporation issued Your Insured Deposit , which provides details on deposit insurance information provided by financial institutions. The booklet is available in quantity to insured financial institutions for distribution to their customers. It can be ordered by fax as 202-898-3549; requests mus be on the institution's letterhead stationery and include the address where copies should be mailed and the name and telephone of a contact person.

  • Beta Alpha Psi, the national honorary accounting fraternity with headquarters in the AICPA New York City offices, named Clark H. Johnson, vice-president of finance and chief financial officer of Johnson & Johnson, accountant of the year in industry/government.


Year-end tax planning and what’s new for 2016

Practitioners need to consider several tax planning opportunities to review with their clients before the end of the year. This report offers strategies for individuals and businesses, as well as recent federal tax law changes affecting this year’s tax returns.


News quiz: Retirement planning, tax practice, and fraud risk

Recent reports focused on a survey that gauges the worries about retirement among CPA financial planners’ clients, a suit that affects tax practitioners, and a guide that offers advice on fraud risk. See how much you know with this short quiz.


Bolster your data defenses

As you weather the dog days of summer, it’s a good time to make sure your cybersecurity structure can stand up to the heat of external and internal threats. Here are six steps to help shore up your systems.