FYI


The board of the International Federation of Accountants in November appointed John Kellas, who is a fellow of the chartered accountants (FCA), chairman of the international auditing and assurance standards board (IAASB) for a three-year term that began January 1. Kellas, a partner in KPMG LLP’s London office and chairman of the firm’s assurance technical committee, has served on the IAASB and its predecessor, the international auditing practices committee, since October 2000.

FASB selects Jennifer Moriarty, an auditor with KPMG LLP’s New York financial services practice, as its first XBRL fellow. FASB created the fellowship to investigate ways in which XBRL and related technologies can improve corporate financial reporting and to develop policy recommendations on XBRL’s role in FASB standard-setting activities.

The Federal Accounting Standards Advisory Board (FASAB) announces a practice fellow program and a government fellow program. The former offers public accountants an opportunity to participate in the federal financial accounting standard-setting process for a two-year term. Candidates chosen for the latter program spend six months to one year with FASAB working with its accounting and auditing policy committee and on research and technical projects. More information is available from Wendy Comes, FASAB’s executive director, at 202-512-7350 or comesw@fasab.gov .

 

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100th ANNIVERSARY

Black CPA Centennial, 1921–2021

With 2021 marking the 100th anniversary of the first Black licensed CPA in the United States, a yearlong campaign kicked off to recognize the nation’s Black CPAs and encourage greater progress in diversity, inclusion, and equity in the CPA profession.