Two Articles Clarified

In the More Than Golden Handcuffs article (JofA, Nov.97), Exhibit 2, Qualified Deferred Compensation Plan as a Percentage of Final Compensation, listed the percentage of bonus does qualify as 59%. The correct percentage should be 50%.

The Millennium Muddle (JofA, Dec.97) sidebar AICPA Has Help at Hand for the Y2K Issue listed the AICPAs Y2K Web site address as The correct address is .


©1998 AICPA


6 key areas of change for accountants and auditors

New accounting standards on revenue recognition, leases, and credit losses present implementation challenges. This independently-written report identifies the hurdles that accounting professionals face and provides tips for overcoming the challenges.


How tax reform will impact individual taxpayers

Amy Wang, a CPA who is a senior technical manager for tax advocacy at the AICPA, answers to some of the most common questions on how the new tax reform law will impact individual taxpayers.