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 ).

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A new line of business to consider

Technology assessments may open the door to new engagement opportunities for your firm. What is a technology assessment? How do you perform one? JofA Tech Q&A author J. Carlton Collins shows you in a detailed explanation.

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Maximizing the higher education tax credits

A counterintuitive strategy can save taxes by including otherwise excludable scholarships in gross income.