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 )

NEWS

IRS sets start date for tax season

The IRS announced that tax season will start in late January and that it will issue refunds to taxpayers despite the partial shutdown of the federal government.

PODCAST

Why CPAs can’t wait on automation tools

What do accounting firms waiting on others to develop AI, automation, and data analytics tools have in common with a baseball fan sitting in a stadium filling with water at an exponential rate? The answer could determine your firm’s fate.