SEC Releases "Mark-to-Market" Accounting Study Details

The SEC released preliminary details on its study on “mark-to-market” accounting, as authorized in October by section 133 of the Emergency Economic Stabilization Act of 2008 (EESA). The study is to be completed by Jan. 2 in consultation with the Treasury secretary and the Board of Governors of the Federal Reserve System. Under the terms of the EESA, the study will focus on:


  • The effects of such accounting standards on a financial institution’s balance sheet.
  • The impacts of such accounting on bank failures in 2008.
  •  The impact of such standards on the quality of financial information available to investors.
  • The process used by FASB in developing accounting standards.
  • The advisability and feasibility of modifications to such standards.
  • Alternative accounting standards to those provided in FASB Statement no. 157, Fair Value Measurements.


For more information on the study, visit



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.