Professional Issues

SEC Chairman Harvey L. Pitt calls for the commission’s greater influence over FASB to ensure it addresses urgent topics and issues standards more swiftly than it has. He also says the commission will quickly establish a private-sector regulatory body—composed largely of individuals independent of the accounting profession—to replace the Public Oversight Board. And reaffirming the importance of effective corporate governance, Pitt says, the SEC is asking Congress for the power to bar officers and directors—if guilty of serious malfeasance or nonfeasance—from similar positions in other public companies. ( )


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.