The AICPA is scheduling an additional exam for CPAs interested in earning the AICPA Accredited in Business Valuation (ABV) credential. Usually administered once annually, the exam is being offered a second time this year—on July 26–31—for the benefit of interested members. Information on the credential, the exam and exam review courses is available at .

The Financial Accounting Foundation, which funds and oversees the Financial Accounting Standards Board (FASB) and the Government Accounting Standards Board (GASB), in February reappointed one member to each board, effective July 1. Edward W. Trott, who joined FASB in 1999, will begin a second five-year term, and Paul R. Reilly, a GASB member since 1995, will start a one-year term.

XBRL International, a nonprofit consortium of more than 200 organizations including the AICPA, in March elected Kurt Ramin chairman of its steering committee, succeeding Walter Hamscher. Ramin is director of the International Accounting Standards Committee Foundation.

The Import Administration of the Commerce Department needs CPAs with two or more years of public accounting experience to perform cost-of-production investigations of foreign manufacturers. The positions—based in Washington, D.C.—require knowledge of GAAP, GAAS and cost-accounting systems for manufacturing enterprises and require some travel to Europe, Asia and South America. Starting salaries range from $59,302 to $77,096. Candidates, who must be U.S. citizens, can send their resumes by fax to 202-482-4795 or e-mail to .

The Office of the Comptroller of the Currency is accepting applications for its Professional Accounting Fellowship program for CPAs who are employed as managers and have five or more years of bank accounting experience, a solid understanding of GAAP and strong analytical and communication skills. Application information is available on the Web at or by phone at 202-874-5180.

The AICPA needs CPA volunteers to serve on content subcommittees that review questions for the computerized CPA examination. Topics include audit and attestation, financial accounting and reporting, regulation, and business environment and concepts. Information is available from Linda Devonish-Mills by e-mail at or by phone at 201-938-3196.


6 key areas of change for accountants and auditors

New accounting standards on revenue recognition, leases, and credit losses present implementation challenges. This independently-written report identifies the hurdles that accounting professionals face and provides tips for overcoming the challenges.


How tax reform will impact individual taxpayers

Amy Wang, a CPA who is a senior technical manager for tax advocacy at the AICPA, answers to some of the most common questions on how the new tax reform law will impact individual taxpayers.