FYI


The Financial Accounting Foundation, which funds and oversees the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB), appointed Thomas J. Linsmeier, CPA, to FASB for a five-year term that began July 1. A nationally respected accounting educator and researcher, he is chairman of the department of accounting and information systems in the Eli Broad College of Business at Michigan State University. He succeeded Katherine Schipper.

Corrections

The URL www.ifccfbi.gov , cited in “Five Tips for Safe Job Searches” in the July Top Line column (page 13), changed to www.ic3.gov after press time.

A June 2006 graphic (page 82) incorrectly cited information about tax crimes prosecuted in 2005. The IRS recommended 157 criminal prosecutions for tax crimes committed by return preparers to the Justice Department that year.

NEWS

IRS sets start date for tax season

The IRS announced that tax season will start in late January and that it will issue refunds to taxpayers despite the partial shutdown of the federal government.

PODCAST

Why CPAs can’t wait on automation tools

What do accounting firms waiting on others to develop AI, automation, and data analytics tools have in common with a baseball fan sitting in a stadium filling with water at an exponential rate? The answer could determine your firm’s fate.