The International Public Sector Accounting Standards Board of the International Federation of Accountants (IFAC) issued an exposure draft of a proposed new International Public Sector Accounting Standard (IPSAS) on employee benefits. ED 31 is based on IAS no. 19, Employee Benefits, and addresses short-term employee benefits, post-employment benefits, other long-term employee benefits and termination benefits. Comments may be e-mailed to by February 28, 2007. The draft is available at .

The World Federation of Exchanges (WFE) endorsed the processes the International Auditing and Assurance Standards Board (IAASB) uses for establishing international standards on auditing (ISAs), according to a statement by IFAC. The WFE represents 57 securities and derivative markets that account for more than 97% of world stock market capitalization. More than 100 countries have adopted or incorporated ISAs into their national auditing standards or use ISAs as a basis for preparing national auditing standards. All IAASB standards and guidance are available free from IFAC 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.