FYI


Students Get a Taste of Public Practice
  • A team of students from the University of Notre Dame took top honors at the fourth annual National Student Case Study Seminar. Sponsored by the Deloitte & Touche Foundation, the seminar requires students to develop solutions to difficult business issues and present their ideas to a panel of accounting academicians and practitioners.

Teams from six universities competed in the public accounting seminar this year. Notre Dame won the competition for the second straight year, earning each student on the team a $1,000 scholarship.

Modest Pay Hikes Projected

  • The Conference Board's annual salary survey projected employees will receive average pay raises of 4% in 1999 and 2000. Average pay hikes have hovered around the 4% mark since 1994, and the board predicts relatively low inflation rates will keep salary costs down through the year 2000.

NASBA to Reward Service

  • The National Association of State Boards of Accountancy (NASBA) established a new award to recognize individuals who have demonstrated commitment and dedication to its mission and goals. NASBA will present the Distinguished Service Award each year at its annual meeting. This year's meeting will be held October 1316 in Nashville, Tennessee.

FFP Funds Financial Planning Courses

  • The Foundation for Financial Planning has made educational grants totaling $55,000 to Florida State University and to the University of California at Irvine. Florida State will get a $45,000 grant to help create a free online course for the public on financial planning and UC Irvine will get a $10,000 grant to offer a series of online courses titled "Acquiring Financial Security."

Y2K Worries Grow

  • Fear about the year 2000 issue increases as January 1 draws closer. In a survey of chief financial officers, 62% expressed concern that computer-date conversions might not be completed in time. The percentage of Y2K-apprehensive CFOs increased from 51% in a similar poll last year.

SPONSORED REPORT

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.

QUIZ

News quiz: IRS warning on cyberattacks and a change in pension rules

Once again, the IRS sounds the alarm about a threat from cyberthieves. See how much you know about this and other recent news with this short quiz.

CHECKLIST

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.