The International Accounting Standards Board (IASB) published an ED to amend International Financial Reporting Standard (IFRS) 2, Share-based Payment ( ) by stipulating that the vesting conditions an individual or organization must satisfy to receive shares concern only specified periods of service or required performance targets. It also requires that all cancellations of arrangements receive the same accounting treatment. If approved, the proposed amendments would apply for annual periods beginning on or after January 1, 2007, with earlier application encouraged. Comments on the ED are due June 2, 2006.

The IASB also revised Guidance on Implementing IFRS 4, Insurance Contracts, in order to reflect changes in that standard’s disclosure section made by IFRS 7, Financial Instruments: Disclosures.

The International Public Sector Accounting Standards Board of the International Federation of Accountants issued an ED, Revenue from Non-Exchange Transactions (Including Taxes and Transfers), that proposes establishing an international standard for reporting taxes and other major nonexchange sources of government revenue, including gifts, donations and transfers from other public-sector entities and international organizations ( ). Comments on the ED are due June 30, 2006.


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.


News quiz: Retirement planning, tax practice, and fraud risk

Recent reports focused on a survey that gauges the worries about retirement among CPA financial planners’ clients, a suit that affects tax practitioners, and a guide that offers advice on fraud risk. See how much you know with this short quiz.


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.