The International Federation of Accountants (IFAC) releases a paper, Financial Reporting on the Internet—Responsibilities of Directors and Managers ( ), outlining the managerial actions necessary to ensure online financial reports are as accurate and complete as those issued in print. Among the matters the report discusses are the control considerations pertaining to the approval of financial information appearing on a corporate Web site and the security infrastructure, the frequency with which the organization updates such information and how the site helps its visitors differentiate between audited and nonaudited data. The paper is available at no charge on the IFAC Web site.

IFAC’s international auditing and assurance standards board (IAASB) issues International Standard on Auditing (ISA), Auditing Fair Value Measurements and Disclosures ( ). The guidance addresses the valuing, measuring, presenting and making of disclosures related to the material assets, liabilities and specific components of equity presented or disclosed at fair value in financial statements. A print copy of the standard can be purchased by calling IFAC at 212-286-9344. In addition, all ISAs issued through December 31 of this year can be obtained by subscribing to the IAASB online handbook at the IFAC Web site ( ). (Beginning January 1, 2003, ISAs can be downloaded from the site at no charge.)


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.