FYI


U.S. Treasury Secretary Henry M. Paulson Jr. appointed James H. Freis Jr. the director of the Financial Crimes Enforcement Network (FinCEN), a bureau of the Treasury responsible for safeguarding the financial system from money laundering and other illicit financial activities through the administration of the Bank Secrecy Act. Freis previously served as deputy assistant general counsel for enforcement and intelligence, providing legal support to the Treasury’s Office of Terrorism and Financial Intelligence. He replaces Robert Werner, who left FinCEN in December.

SPONSORED REPORT

How the election may affect taxation of business income

This report summarizes recent proposals to reform the U.S. business income tax system and considers the path to enactment of any such legislation.

VIDEO

How to Excel pivot a general ledger

The general ledger is a vast historical data archive of your company's financial activities, including revenue, expenses, adjustments, and account balances. J. Carlton Collins, CPA, shows how to prepare data for, and mine data with, PivotTables.

QUIZ

Did you follow 2016’s biggest accounting news?

CPAs will remember 2016 as a year of new standards and new faces. How well did you follow the biggest accounting events? The 7 questions in this quiz will help you find out