Institute Honor to A.A. Sommer


In recognition of his extensive contributions to the profession in accounting, corporate and securities matters, the AICPA governing council presented A.A. Sommer, Jr., with its Medal of Honor. Accompanying him at the presentation ceremony was his wife, Storrow. Sommer was chairman of the Public Oversight Board from 1986 through 1999, served as commissioner of the SEC from 1973 to 1976, and was a member of the AICPA board of directors (1980–1984) and the FASB advisory council (1977–1981).

SPONSORED REPORT

Solving the lease accounting challenge

The challenges of the new lease accounting standard have been pervasive to say the least. In this free, independently-written report, you'll learn effective adoption strategies as well as resources for easing the transition to the new standard.

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Tackling TCJA changes this tax season

Return preparers must be ready for how the Tax Cuts and Jobs Act has modified many common features of individual and business returns.