FYI


Four practitioners began two-year terms with the SEC in April, serving as professional accounting fellows in the Office of the Chief Accountant: Robert J. Comerford, a senior manager in Deloitte & Touche’s New York office; Russell P. Hodge, a senior manager in Ernst & Young LLP’s Atlanta office; and John M. James, a director, and Chad A. Kokenge, a senior manager, both in PricewaterhouseCoopers’s Florham Park, New Jersey, office. They will study and develop rule proposals under federal securities laws. Their duties also include communicating with professional accounting and auditing standard-setting bodies and consulting with SEC-registered companies on accounting and reporting matters. The SEC founded the fellowship program in 1972.

Clarification
In the April issue of the JofA , an Inside AICPA item, “Trust Services Principles, Criteria Added to Professional Literature” (page 94), failed to mention that the new trust services principles and criteria framework, which encompasses the WebTrust and SysTrust services, is available for free at www.aicpa.org/assurance/index.htm . The framework is effective for engagements beginning April 1.

SPONSORED REPORT

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.

QUIZ

News quiz: IRS warning on cyberattacks and a change in pension rules

Once again, the IRS sounds the alarm about a threat from cyberthieves. See how much you know about this and other recent news with this short quiz.

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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.