The Financial Accounting Foundation selected Michael H. Granof, CPA, Ph.D., to serve as a member of GASB starting July 1, 2010. His term runs until June 30, 2015. He succeeds William Holder, whose second five-year term on GASB ends June 30.


The FAF Board of Trustees oversees the activities of GASB and FASB.


Granof is an Ernst & Young Distinguished Centennial Professor of the Mc- Combs School of Business at The University of Texas at Austin. He is also a professor of public affairs at the Lyndon B. Johnson School of Public Affairs of The University of Texas at Austin.


Granof is also on the Federal Accounting Standards Advisory Board for the federal government, and he previously was a member of the National Council of Governmental Accounting, the AICPA Committee on Governmental Accounting and Auditing, the U.S. Comptroller General’s Advisory Council on Government Auditing Standards, and various committees of the Texas Society of CPAs.


  Douglas A. Donahue Jr. was appointed in February to a five-year term to the Financial Accounting Foundation Board of Trustees that will expire Dec. 31, 2014.


He is the managing partner of Brown Brothers Harriman & Co., a position he has held since 2008. In this role, he is responsible for managing one of the largest private banks in the U.S. Since joining the firm as a banker in its Boston office in 1976, Donahue has served in a number of capacities, most notably as the partner in charge of its global Investor Services business.



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.