FYI


The AICPA is scheduling an additional exam for CPAs interested in earning the AICPA Accredited in Business Valuation (ABV) credential. Usually administered once annually, the exam is being offered a second time this year—on July 26–31—for the benefit of interested members. Information on the credential, the exam and exam review courses is available at www.aicpa.org/abvinfo .

The Financial Accounting Foundation, which funds and oversees the Financial Accounting Standards Board (FASB) and the Government Accounting Standards Board (GASB), in February reappointed one member to each board, effective July 1. Edward W. Trott, who joined FASB in 1999, will begin a second five-year term, and Paul R. Reilly, a GASB member since 1995, will start a one-year term.

XBRL International, a nonprofit consortium of more than 200 organizations including the AICPA, in March elected Kurt Ramin chairman of its steering committee, succeeding Walter Hamscher. Ramin is director of the International Accounting Standards Committee Foundation.

The Import Administration of the Commerce Department needs CPAs with two or more years of public accounting experience to perform cost-of-production investigations of foreign manufacturers. The positions—based in Washington, D.C.—require knowledge of GAAP, GAAS and cost-accounting systems for manufacturing enterprises and require some travel to Europe, Asia and South America. Starting salaries range from $59,302 to $77,096. Candidates, who must be U.S. citizens, can send their resumes by fax to 202-482-4795 or e-mail to Accounting_Office@ita.doc.gov .

The Office of the Comptroller of the Currency is accepting applications for its Professional Accounting Fellowship program for CPAs who are employed as managers and have five or more years of bank accounting experience, a solid understanding of GAAP and strong analytical and communication skills. Application information is available on the Web at www.occ.treas.gov or by phone at 202-874-5180.

The AICPA needs CPA volunteers to serve on content subcommittees that review questions for the computerized CPA examination. Topics include audit and attestation, financial accounting and reporting, regulation, and business environment and concepts. Information is available from Linda Devonish-Mills by e-mail at lmills@aicpa.org or by phone at 201-938-3196.

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.