FYI


The AICPA elects former four-term Iowa Governor Terry Branstad one of the three public, or non-CPA, members of its board of directors. Recently, as chairman of President George W. Bush’s Commission on Excellence in Special Education, Branstad developed a plan to improve disabled students’ scholastic performance ( www.aicpa.org/download/news/2003_0527.pdf ). He is a financial adviser with Robert W. Baird & Co. of West Des Moines and a partner of Kaufman, Pattee, Branstad & Miller, a Washington, D.C., public policy and government relations firm.

The Financial Accounting Foundation (FAF) appointed George J. Batavick, CPA, to a five-year term as a member of the Financial Accounting Standards Board, effective August 1 ( www.fasb.org/news/nr071403.shtml ). Manuel H. Johnson, FAF chairman, cited his extensive experience in financial reporting. Batavick capped a 27-year career at a large public company (the former Texaco Inc.) by serving as comptroller from 1999 to 2002.

The staff of the Governmental Accounting Standards Board (GASB) releases a comprehensive implementation guide covering Statement nos. 3, 9, 10, 14, 25, 26, 27, 31 and 34. The board will issue such guides annually to revise and supplement information as new GASB pronouncements take effect. The guide is available from GASB at 800-748-0659.

SPONSORED REPORT

The technology assessment engagement

Are you working with the best technology? Do you know how to help your clients determine if their technology stack measures up? In this free report, J. Carlton Collins, CPA, explains how to answer those questions via a technology assessment engagement.

FEATURE

Maximizing the higher education tax credits

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