FYI


The PCAOB appointed Claudius B. Modesti director of investigations and enforcement in May. Previously he held positions in the U.S. Attorney’s office, the Justice Department and the SEC.

Six practitioners begin two-year terms this month as professional accounting fellows in the SEC’s Office of the Chief Accountant. The appointees, all of whom are senior managers at their respective CPA firms, are Shan L. Benedict of BDO Seidman, Jennifer M. Burns of Deloitte & Touche, Mark A. Northan and Brian K. Roberson of KPMG, Nancy L. Salisbury of Ernst & Young and Pamela R. Schlosser of PricewaterhouseCoopers. They will develop rule proposals under federal securities laws, communicate with professional accounting and auditing standard-setting bodies and consult with SEC-registered companies on accounting and reporting matters.

Another Web Resource for CPA Exam Candidates
The Institute is offering to those preparing for the newly computerized test an online package of professional literature, including AICPA Professional Standards, FASB Current Text and FASB Original Pronouncements ( www.cpa2biz.com/examoffer ). Six-month subscriptions, which cost $35 and are useful for honing research skills, are available only to applicants whom state boards of accountancy have deemed eligible to take the exam. The National Association of State Boards of Accountancy will confirm the eligibility status of all potential subscribers.

SPONSORED REPORT

Get your clients ready for tax season

Upon its enactment in March, the American Rescue Plan Act (ARPA) introduced many new tax changes, some of which retroactively affected 2020 returns. Making the right moves now can help you mitigate any surprises heading into 2022.

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.