FYI


The International Federation of Accountants (IFAC) named Graham Ward its president for a two-year term. IFAC represents 157 accountancy bodies and 2.5 million accountants around the world.

Two JofA editorial advisers earned honors for their professional achievements. Peggy Scott, CPA, was selected by the Institute of Management Accountants and Robert Half and Associates as the 2004 National Financial Executive of the Year. Scott, executive vice-president and chief financial officer of Pan-American Life in New Orleans, is the first woman to earn the award, which recognized her for leading the redesign of Pan-American’s financial department, processes and systems, which do business in multiple currencies and languages. Lyne Noella, chief marketing officer at Stonefield Josephson in California, won the Outstanding Marketing Initiative Award from the Leading Edge Alliance—a group of independently owned accounting and consulting firms—for launching a plan that increased the firm’s share of the public sector market and boosted its visibility.

The SEC named Julie A. Erhardt, CPA, its deputy chief accountant. With others in the Office of the Chief Accountant, she will be responsible for resolving accounting and auditing issues, rulemaking projects, and oversight of private-sector accounting standard-setting and auditor regulation. Erhardt is a former partner of Arthur Andersen LLP.

Top 10 Reasons to Become a CPA
The Journal of Accountancy will celebrate its 100th birthday in October 2005, and the staff is planning a special issue to commemorate this achievement. The issue will include a humorous list, “Top 10 Reasons to Become a CPA”—a fond look at some of the more lighthearted motivations for joining the accounting profession. We’d like to invite you to join in the celebration by submitting your own witty observations on why it’s great to be a CPA. Winners get a specially bound copy of the centennial issue and bragging rights. Please send your submissions no later than March 1 via e-mail to joaed@aicpa.org or regular mail to Journal of Accountancy, Attn: Top 10 List, Harborside Financial Center, 201 Plaza Three, Jersey City, NJ 07311.

CPAs employed in public accounting, private industry or government are encouraged to participate in a brief online survey ( http://facultyfp.salisbury.edu/kjsmith3/ ) gathering information to improve the quality of life for members of the profession. To log on, enter username kjsurvey3 and password stress54. Information on the survey is available from Kenneth J. Smith (410-548-5563; kjsmith@salisbury.edu ) a professor in the department of accounting and legal studies of Salisbury University in Maryland.

The AICPA has adopted a new tag line—“America Counts on CPAs”—to accompany the CPA logo wherever it is displayed. Access it online at www.aicpa.org/cpamarketing by logging in as user cpamarketing with password toolkit1! Use of its predecessor, “Never Underestimate the Value,” has been discontinued. Questions can be e-mailed to cchinnici@aicpa.org .

In response to information gathered from quarterly customer surveys and site usability testing, CPA2Biz Inc., the AICPA’s marketing and technology provider, unveiled a new home page at its Web site ( www.cpa2biz.com ), which is a key resource for more than 200,000 CPAs and financial professionals.

Educator Award Nominations Sought
The AICPA invites state CPA societies and individuals to nominate an accounting educator for the 2005 AICPA Distinguished Achievement in Education Award (www.aicpa.org/members/div/career/edu/laaea.htm). The award recognizes full-time college accounting educators for excellence in teaching and national prominence in the accounting profession. Nominations are due February 1.

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.