AICPA Updates Summary of State Reform Issues


The Institute’s special committee on state regulation distributed to state CPA society chief executives, presidents and legislative staff the second edition of A Reasoned Approach to Reform , its overview of state issues related to the Sarbanes-Oxley Act of 2002. Replacing an earlier edition, issued in January, it will be useful for educating state society members, state legislators, regulators and federal executive branch officials about the implications of imposing Sarbanes-Oxley-like provisions at the state level. The new version includes changes in the sections on audit partner rotation, state board of accountancy composition and peer review. It also adds an issue brief on professional ethics. The special committee is available to help state societies minimize at the state level the “cascade” effect of federal legislative, regulatory and executive branch actions resulting from passage of the act. More information on the committee and its work is available at www.aicpa.org/statelegis/index.asp .

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.