Former AICPA board chairman Robert L. Bunting was elected deputy president of the International Federation of Accountants (IFAC) in November 2006. Under the IFAC constitution, the deputy president becomes president after serving for two years. Bunting succeeds Juan José Fermín del Valle of Argentina, who is now IFAC president. Bunting joined the IFAC board in November 2005. He is a partner at Seattle-based Moss Adams LLP, where he served as chairman and CEO from 1982 to 2004.

The SEC’s Office of the Chief Accountant is seeking up to three professional accounting fellows to help develop proposed securities rules, work with standard setters in accounting and auditing, and consult with filers on reporting matters. The unpaid fellowships are for two years beginning June 2007. For two positions, the SEC prefers candidates with experience applying U.S. GAAP or International Financial Reporting Standards; candidates for the third position should have experience in analyzing and implementing auditing and other standards. Applications are due by January 19, 2007. For information, call Mark Barrysmith at 202-551-5304 or Josh Jones at 202-551-5334.


arilyn A. Pendergast, CPA, received the Sempier Award for outstanding contributions to the international accountancy profession at the 17th World Congress of Accountants held November 13–16 in Istanbul, Turkey.

The award, which is presented by the International Federation of Accountants (IFAC) every four to five years, is named after Robert Sempier, the first executive director of IFAC. Pendergast, who is only the fourth person to receive the award, was selected from among nominations by IFAC’s 160 member bodies in 120 countries.

A former member of the AICPA board of directors, Pendergast has been the chair of both the AICPA Professional Ethics Executive Committee and the IFAC Ethics Committee. While serving on the IFAC Ethics Committee, she led a restructuring of the IFAC Code of Ethics for Professional Accountants, including the adoption of a principles-based approach to independence.

“Marilyn’s international accomplishments serve as a model for what IFAC espouses in terms of professional conduct and technical proficiency with contributions to the profession that transcend national boundaries,” wrote AICPA President and CEO Barry Melancon in an April nominating letter.

Pendergast, who also was the first female president of the New York State Society of CPAs, is a senior partner with the Albany, N.Y.-based accounting firm UHY LLP.


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.