FYI


SEC upgrades its Web site to include segment designed specifically for accountants ( www.sec.gov/news/press/2001-22.txt ).

California state controller offers amnesty from interest due for unclaimed property ( www.sco.ca.gov/col/ucp/amnesty/index.htm ).

Institute of Internal Auditors revises red book of standards, practice advisories ( www.theiia.org/ecm/guide-stand.cfm?doc_id=119 ).

IFAC publishes acclaimed management accounting articles. Journal of Accountancy awarded top honor ( www.ifac.org/News/LastestReleases.tmpl?NID=9834804902555 ).

SSA expands its Web site services ( www.ssa.gov/onlineservices/ ).

Chief accountant of SEC’s investment management division moves to Arthur Andersen (Not yet posted on SEC Web site).

SPONSORED REPORT

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.

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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.