FYI


David M. Walker, comptroller general of the United States and head of the GAO, appoints 10 new members to three-year terms ( www.gao.gov/govaud/newmem02.htm ) on the watchdog agency’s advisory council on government auditing standards (the yellow book), replacing those whose terms have expired.

The SEC names Lawrence E. Harris its chief economist. Harris, a professor of finance at the University of Southern California, succeeds acting chief economist William J. Atkinson, who is retiring. During his term, for which he took a two-year sabbatical, Harris will advise the commission and its staff on crucial economic issues, propose policy to increase the effectiveness and efficiency of SEC regulations and supervise staff analysis of the economic impact of SEC policies, proposals and regulations. ( www.sec.gov/news/press/2002-60.htm )

The Association of Government Accountants bestows its 2002 Cornelius Tierney/Ernst & Young Research Award on Wanda A. Wallace, CPA, for outstanding research accomplishments over the course of her career. The citation recognizes financial management professionals whose leadership, achievements and service have significantly advanced the profession. ( www.agacgfm.org/pdc/pr_wallace.htm )

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The technology assessment engagement

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FEATURE

Maximizing the higher education tax credits

A counterintuitive strategy can save taxes by including otherwise excludable scholarships in gross income.