Accounting


For news from the AICPA and state societies, visit www.cpa2biz.com , which also offers online CPE, AICPA professional literature, practice management aids and links to state society Web sites.

Testifying before the House Financial Services Committee on behalf of the profession, AICPA President and CEO Barry C. Melancon backs reforms—including creating a new private-sector regulatory board—to restore investors’ confidence in the nation’s financial reporting system. And Chairman James G. Castellano, with other leaders of the profession, urges the Senate Banking Committee to support measures that would enhance audit quality and make corporations accountable for issuing accurate financial reports and being truthful with auditors. Meanwhile, FASB Chairman Edmund L. Jenkins addresses the prospect of greater government oversight of the standard-setting process in a position paper, The FASB’s Role in Serving the Public: A Response to the Enron Collapse ( www.fasb.org ), reiterating the importance to investors and the U.S. capital markets of preserving the board’s role as an independent, private-sector standard setter not subject to the political pressures a government body—such as the SEC—faces.

SPONSORED REPORT

Keeping client information safe in an age of scams and security threats

A look at the Dirty Dozen tax scams and ways to protect taxpayer information.

TECHNOLOGY Q&A

How to create maps in Excel 2016

Microsoft Excel 2016 has two new mapping capabilities. J. Carlton Collins, CPA, demonstrates how to make masterful 2D and 3D maps in Excel 2016.

QUIZ

News quiz: IRS enforcement, a hot job, and audit value

The IRS’s 2016 Data Book, a “hot job” of particular interest at this time of year, and insight into how executive and audit committees view the insights from financial statement audits received attention recently. See how much you know with this short quiz.