FASAB is seeking input on the exposure draft, Distinguishing Basic Information, Required Supplementary Information, and Other Accompanying Information . The ED proposes amendments to Statement of Federal Financial Accounting Concepts 2, Entity and Display , which would provide conceptual guidance for determining categorizing information in financial reports. The ED also poses questions on issues such as the factors that should be considered in distinguishing each category. Comments are requested by June 26. The ED and accompanying questions are available at .

GASB issued an exposure draft of proposed changes to Concepts Statement no. 2, Service Efforts and Accomplishments Reporting . The proposal seeks to clarify GASB’s role in service efforts and accomplishments (SEA) reporting as well as to provide research updates to the original ED, issued 14 years ago. Comments are requested by July 3. The ED 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.