FYI


The board of trustees of the Financial Accounting Foundation (FAF) appoints Robert H. Attmore chairman of the Governmental Accounting Standards Board (GASB). He succeeds Tom L. Allen, who served as GASB chairman since 1995. Attmore is president of Attmore & Associates, Albany, New York, a consulting firm serving government agencies and other entities. Prior to that he held various posts during a 23-year career in New York state government. FAF’s board oversees the activities of GASB and FASB.

The AICPA establishes an audit committee effectiveness center ( www.aicpa.org/audcommctr ) that features an online system enabling CPAs to register as potential audit committee members and allowing organizations to search for qualified candidates. The center also offers audit committees guidance and various resources, such as a toolkit of checklists, questions, reports and guidelines to ensure they use best practices when fulfilling their responsibilities.

The SEC appoints Andrew D. Bailey Jr. its deputy chief accountant. Recently a chaired professor of accounting at the University of Illinois at Urbana-Champaign, Bailey is past president of the American Accounting Association. He will share with Scott A. Taub, current deputy chief accountant, responsibilities for day-to-day operations in the office of the chief accountant.

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VIDEO

What RPA is and how it works

Robotic process automation is like an Excel macro that can work on multiple applications, says Danielle Supkis Cheek, CPA. RPA can complete routine, repetitive tasks such as data entry, freeing up employee time from lower-level chores.