FYI


The board of the International Federation of Accountants in November appointed John Kellas, who is a fellow of the chartered accountants (FCA), chairman of the international auditing and assurance standards board (IAASB) for a three-year term that began January 1. Kellas, a partner in KPMG LLP’s London office and chairman of the firm’s assurance technical committee, has served on the IAASB and its predecessor, the international auditing practices committee, since October 2000.

FASB selects Jennifer Moriarty, an auditor with KPMG LLP’s New York financial services practice, as its first XBRL fellow. FASB created the fellowship to investigate ways in which XBRL and related technologies can improve corporate financial reporting and to develop policy recommendations on XBRL’s role in FASB standard-setting activities.

The Federal Accounting Standards Advisory Board (FASAB) announces a practice fellow program and a government fellow program. The former offers public accountants an opportunity to participate in the federal financial accounting standard-setting process for a two-year term. Candidates chosen for the latter program spend six months to one year with FASAB working with its accounting and auditing policy committee and on research and technical projects. More information is available from Wendy Comes, FASAB’s executive director, at 202-512-7350 or comesw@fasab.gov .

 

SPONSORED REPORT

How to make the most of a negotiation

Negotiators are made, not born. In this sponsored report, we cover strategies and tactics to help you head into 2017 ready to take on business deals, salary discussions and more.

VIDEO

Will the Affordable Care Act be repealed?

The results of the 2016 presidential election are likely to have a big impact on federal tax policy in the coming years. Eddie Adkins, CPA, a partner in the Washington National Tax Office at Grant Thornton, discusses what parts of the ACA might survive the repeal of most of the law.

QUIZ

News quiz: Scam email plagues tax professionals—again

Even as the IRS reported on success in reducing tax return identity theft in the 2016 season, the Service also warned tax professionals about yet another email phishing scam. See how much you know about recent news with this short quiz.