Nominations Time for Public Service Award

As part of its ongoing efforts to honor CPAs who have distinguished themselves in the area of community service, the AICPA established the Individual and Firm Public Service Awards. AICPA members, state societies and associations of CPA firms can submit the names of those they think should be honored. Almost any public-service-related activity counts, except for professional services related to accounting organizations. Consideration will be given to the size of the firm in relation to its contribution to the community it serves. Award recipients often have been involved in less traditional areas such as urban development, housing, education, youth programs, cultural activities and health care and disabilities.

Submissions are due by August 31, 2006. For more information about the Public Service Awards, contact Jay Rothberg (212-596-6005; ) or download the guidelines and nominations form at .


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.