The AICPA governing council authorized the Institute’s board of directors to work with the public company auditing profession and others to implement a new approach to better address public policy issues affecting the public interest for U.S. audit firms registered with the PCAOB. The Institute will implement a framework for the project in the spring.

The AICPA Accounting and Review Services Committee asked members, their clients and other users of compiled financial statements to complete a survey of their views on the need for independence when performing compilation engagements ( ).

Among other questions, the survey asks—since a compilation does not express any assurance—whether a practitioner should be independent when performing compilation services and, when independence has been impaired, whether the practitioner should be allowed to describe the impairment’s cause. Responses are due May 19, 2006, at which time the committee will decide whether to undertake a project to amend current independence requirements.


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.