FASB issued proposed staff position 94-3-a and AAG HCO-a, Omnibus Changes to Consolidation and Equity Method Guidance for Not-for-Profit Organizations . The proposed staff position makes several changes to the guidance on consolidation and the equity method of accounting in the AICPA Statement of Position 94-3, Reporting of Related Entities by Not-for-Profit Organizations , and the AICPA Audit and Accounting Guide, Health Care Organizations . The proposed changes are designed to simplify and improve the existing guidance by making it more consistent between the two standards.

If approved, the guidance would be effective for fiscal years beginning after June 15, 2008. The staff position is available at .


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.