FYI


CPAs score high on Worth’s annual ranking of the nation’s top financial advisers ( www.aicpa.org/news/2002/p071002.htm ). Of the 250 preeminent professionals that are listed in the magazine’s July/August issue, 59 (24%) are CPAs and 46 (18%) are CPA/PFS practitioners.

The secretary of the Treasury, the director of the Office of Management and Budget and the comptroller general of the United States appoint three new members to the Federal Accounting Standards Advisory Board (FASAB) ( www.fasab.gov/pdf/newmem.pdf ), following their January decision to increase the number of public members on the board to 6 from 3, while reducing the number of federal government members to 3 from 6. The new members are Joseph V. Anania Sr., CPA; Claire Gorham Cohen; and Alan H. Schumacher, CPA.

The AICPA releases a marketing tool kit and resource guide ( http://citp.aicpa.org ) for members holding the certified information technology professional (CITP) designation. The tool kit includes literature CITPs can use to explain their services to their employer, prospective clients or the press; the guide lists books, software and courses useful for earning CPE credit and addressing everyday practice management issues.

Joseph T. Wells, CPA, CFE, of Austin, Texas, receives the American Accounting Association’s 2001–2002 Innovation in Accounting Education Award ( http://accounting.rutgers.edu/raw/aaa/awards/wells.htm ), presented annually for exceptional achievement in the field. Wells is the founder and chairman of the Association of Certified Fraud Examiners.

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In focus: Payroll

Providing payroll services that comply with ever-changing regulations and meet evolving employee and employer demands is no easy task. Paychex's Tom Hammond discusses common payroll considerations for CPA firms.