FYI


The Institute launched the AICPA Tax Center ( www.aicpa.org/tax ), offering news related to taxation, information on tax professional standards and the Institute’s tax advocacy activities, and access to premium resources, including The Tax Adviser magazine, tax practice guides and checklists, and discussion forums focused on specific aspects of taxation.

Christopher Cox became chairman of the SEC in August, replacing William H. Donaldson. SEC Chief Accountant Donald T. Nicolaisen resigned in October to return to the private sector, and PCAOB Chairman William J. McDonough said he will step down by the end of November. Their successors had not yet been identified as the JofA went to press.

The SEC’s Division of Corporation Finance chose Andrew J. McLelland, CPA and assistant professor at Auburn University, for a one-year term as its academic accounting fellow. He will interpret research, assist in rule making and act as a liaison with professional standard-setting entities.

The AICPA added the brochures and speeches, “College Planning: Easing the Financial Burden” and “Securing Your Business Financing,” to its CPA Marketing Tool Kit ( www.aicpa.org/cpamarketing ). The tool kit is designed to help members better market their services through presentations and printed materials for local business and community groups.

The IRS and the Department of the Treasury released their 2005–2006 Priority Guidance Plan, which lists the tax issues on which they will issue formal legal guidance next year ( www.irs.gov/pub/irs-utl/2005-2006 ). It reflects suggestions from taxpayers, tax practitioners and industry groups and contains 254 projects dealing with tax topics that affect individuals, corporations, charities, international transactions and employee benefit plans. For copies, call the Treasury’s Office of Public Affairs at 202-622-2960.

The Treasury Department’s Office of Technical Assistance is seeking used journals, magazines and books on public finance, budgeting and financial analysis for its training activities in developing nations. For more information or to make a donation, contact Thomas Glen at tglen@ota.treas.gov or 202-622-5817.

Ernst & Young released IFRS/U.S. GAAP Comparison, an analysis of the two canons’ provisions. The volume, published by the International Accounting Standards Committee Foundation—parent of the International Accounting Standards Board—and LexisNexis Butterworths, can be ordered at www.ey.com/global/content.nsf/uk/fr_-_gaap_comparisons .

The JofA earned honors in the 2005 International Federation of Accountants’ Articles of Merit competition. “ Enterprising Views of Risk Management ” by Russ Banham ( JofA , Jun.04, page 65) was cited for its distinguished contribution to management accounting. The winning entries can be downloaded free at www.ifac.org/store .

Correction
Our apologies to Linda Bergen, CPA and author of “ Making Flextime Work ” in the September 2005 special section on staffing issues (page 96), for spelling her name incorrectly. Ms. Bergen wrote an excellent article and we regret the mistake.

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