The International Accounting Standards Board (IASB) seeks additional comments on its July 2000 discussion paper, Accounting for Share-Based Payment, which advocated fair-value reporting of stock and options paid to employees. Because it would reduce their reported profits, companies around the world strongly oppose the IASB’s proposal. Comments are due by December 15. ({38CE5284-AEF3-11D5-BE6B-003048110251}&n=3338)

The IASB Standing Interpretations Committee issues two draft interpretations for public comment: SIC-D33, Consolidation and Equity Method—Potential Voting Rights ; and SIC-D34, Financial Instruments—Instruments or Rights Redeemable by the Holder . Comments are due to the IASB by November 5. ({38CE5284-AEF3-11D5-BE6B-003048110251}&n=2011)

Internal auditing of banks is the focus of a new best-practice paper from the Basel Committee on Banking Supervision. The committee stresses that boards of directors and senior management have ultimate responsibility for banks’ internal controls—even when they choose to outsource the internal auditing function. ( )

A new study from the International Federation of Accountants— Governance in the Public Sector: A Governing Body Perspective —describes governance principles and their application to the public sector. It also includes an overview of public-sector accountability arrangements. ( )


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.