FYI


The Public Company Accounting Oversight Board (PCAOB) named two CPAs deputy chief auditors. Laura Phillips will provide technical direction on the development of the board’s standards and ensure they and related information are available and appropriately communicated to public company auditors and other interested parties. Jennifer Rand will oversee and coordinate all PCAOB standard-setting projects and administer the Standing Advisory Group, as well as serve as the board’s observer for the International Auditing and Assurance Standards Board of the International Federation of Accountants.

The Institute launched an online media center to educate and update the press on the AICPA, its mission, programs, initiatives and leadership and on issues affecting the entire profession ( www.aicpa.org/mediacenter ). Barry C. Melancon, AICPA president and CEO, said the site “will help the press present and illuminate financial and economic issues and enable the Institute to continue serving as an authoritative voice on the accounting profession’s role in U.S. capital markets.” The center’s resources include background information on the AICPA, electronic press kits, issues briefs, research reports and statistics, executive biographies, a glossary of accounting terms and contact information for the state CPA societies and AICPA media relations staff.

SPONSORED REPORT

How to make the most of a negotiation

Negotiators are made, not born. In this sponsored report, we cover strategies and tactics to help you head into 2017 ready to take on business deals, salary discussions and more.

VIDEO

Will the Affordable Care Act be repealed?

The results of the 2016 presidential election are likely to have a big impact on federal tax policy in the coming years. Eddie Adkins, CPA, a partner in the Washington National Tax Office at Grant Thornton, discusses what parts of the ACA might survive the repeal of most of the law.

COLUMN

Deflecting clients’ requests for defense and indemnity

Client requests for defense and indemnity by the CPA firm are on the rise. Requests for such clauses are unnecessary and unfair, and, in some cases, are unenforceable.