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.

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Building client loyalty with payroll services

In this report, CPA experts detail their tactics for performing successful payroll services, how to mitigate risk in the process, and the impact payroll can have as a value-added service.

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Using drones to enhance audits

Hermann Sidhu, CPA, global assurance digital leader at EY, walks us through EY’s exciting new project to use drones to help audit large warehouses and outdoor inventories.