FYI


Following the resignation of William J. McDonough, the SEC appointed William D. Gradison Jr. acting chair of the PCAOB and adopted new procedures for SEC Chairman Christopher Cox to use in filling the position. Gradison is a founding member of the PCAOB.

The PCAOB selected Thomas Ray to succeed Douglas R. Carmichael, who resigned as chief auditor, effective January 31, 2006. Ray has served as deputy chief auditor since June 2003.

Checking the status of refunds will be easier this year, thanks to a new version of the IRS Web site. The upgraded site has an improved search engine and highlights to help taxpayers find the most-requested forms, publications and online tools ( www.irs.gov ).

SPONSORED REPORT

Solving the lease accounting challenge

The challenges of the new lease accounting standard have been pervasive to say the least. In this free, independently-written report, you'll learn effective adoption strategies as well as resources for easing the transition to the new standard.

FEATURE

Tackling TCJA changes this tax season

Return preparers must be ready for how the Tax Cuts and Jobs Act has modified many common features of individual and business returns.