FYI


The SEC is seeking to fill up to four professional accounting positions in the Office of the Chief Accountant. During their two-year terms commencing June 2006, participants will study and develop rule proposals under federal securities laws, interact with accounting, auditing and other professional standard setters and advise registrants on reporting issues. For information, call Michael Gaynor (202-551-5929) or Joseph Ucuzoglu (202-551-5301). Applications are due by December 16, 2005.

The AICPA invites state CPA societies and individuals to nominate accounting educators for the 2006 AICPA Distinguished Achievement in Accounting Education Award, which recognizes full-time college accounting educators who excel in teaching and are nationally prominent in the profession. Nominations are due February 1, 2006. More information and application forms are available at http://ceae.aicpa.org/Resources/Scholarships+and+Awards .

The Institute also is accepting nominations for the 2006 Outstanding CPA in Government Award. Nominees must be AICPA or state CPA society members employed in federal, state or local government. For the first time, awards will be granted to a CPA from each government level. Previously, only one level of government was recognized each year. Judges will consider nominees’ contribution to their government’s increased efficiency and effectiveness and to the growth and enhancement of the profession. Nominations are due April 3, 2006. For more information write to pgreen@aicpa.org or call 212-596-6034.

In concert with its national financial literacy outreach, the AICPA is collaborating with the IRS to improve the quality of service in volunteer tax-return-preparation clinics for low-income families. “Mystery shopper” CPAs recruited by the Institute will inspect the service quality by posing as clients, having fictitious returns prepared at clinics nationwide and submitting reports evaluating the procedures followed. To volunteer or obtain more information, e-mail wstromsem@aicpa.org .

The AICPA is seeking CPA volunteers to develop simulations, or condensed case studies, to enhance the auditing and attestation, financial accounting and reporting, and regulation sections of the CPA exam ( www.cpa-exam.org/download/CPA_volunteer_sim_concepts.pdf ). For information or to volunteer, call 609-671-2911 or e-mail rdevore@aicpa.org .

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.