In the Public Interest


ON THE RECORD

If one went around the world and gathered the opinions of various stakeholders in financial markets, one would find they firmly believe in two things they did not believe in ten years ago. One is the need for convergence. There is much more of a sense now around the world that that is the way to go. The second is the need for oversight. The creation of the Public Interest Oversight Board (PIOB) has been responsive to both these common principles.

We live in a world where the commitment to the public interest must be externally validated, externally viewed and constantly observed. The PIOB has been put together to do just that.

Stavros Thomadakis, chairman of the Public Interest Oversight Board,
at an International Federation of Accountants board meeting in New York, July 29.

SPONSORED REPORT

How the election may affect taxation of business income

This report summarizes recent proposals to reform the U.S. business income tax system and considers the path to enactment of any such legislation.

VIDEO

How to Excel pivot a general ledger

The general ledger is a vast historical data archive of your company's financial activities, including revenue, expenses, adjustments, and account balances. J. Carlton Collins, CPA, shows how to prepare data for, and mine data with, PivotTables.

QUIZ

Did you follow 2016’s biggest accounting news?

CPAs will remember 2016 as a year of new standards and new faces. How well did you follow the biggest accounting events? The 7 questions in this quiz will help you find out