FYI


The board of trustees of the Financial Accounting Foundation (FAF) appoints Robert H. Attmore chairman of the Governmental Accounting Standards Board (GASB). He succeeds Tom L. Allen, who served as GASB chairman since 1995. Attmore is president of Attmore & Associates, Albany, New York, a consulting firm serving government agencies and other entities. Prior to that he held various posts during a 23-year career in New York state government. FAF’s board oversees the activities of GASB and FASB.

The AICPA establishes an audit committee effectiveness center ( www.aicpa.org/audcommctr ) that features an online system enabling CPAs to register as potential audit committee members and allowing organizations to search for qualified candidates. The center also offers audit committees guidance and various resources, such as a toolkit of checklists, questions, reports and guidelines to ensure they use best practices when fulfilling their responsibilities.

The SEC appoints Andrew D. Bailey Jr. its deputy chief accountant. Recently a chaired professor of accounting at the University of Illinois at Urbana-Champaign, Bailey is past president of the American Accounting Association. He will share with Scott A. Taub, current deputy chief accountant, responsibilities for day-to-day operations in the office of the chief accountant.

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.

CHECKLIST

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.