FYI


The Public Company Accounting Oversight Board (PCAOB) named two CPAs deputy chief auditors. Laura Phillips will provide technical direction on the development of the board’s standards and ensure they and related information are available and appropriately communicated to public company auditors and other interested parties. Jennifer Rand will oversee and coordinate all PCAOB standard-setting projects and administer the Standing Advisory Group, as well as serve as the board’s observer for the International Auditing and Assurance Standards Board of the International Federation of Accountants.

The Institute launched an online media center to educate and update the press on the AICPA, its mission, programs, initiatives and leadership and on issues affecting the entire profession ( www.aicpa.org/mediacenter ). Barry C. Melancon, AICPA president and CEO, said the site “will help the press present and illuminate financial and economic issues and enable the Institute to continue serving as an authoritative voice on the accounting profession’s role in U.S. capital markets.” The center’s resources include background information on the AICPA, electronic press kits, issues briefs, research reports and statistics, executive biographies, a glossary of accounting terms and contact information for the state CPA societies and AICPA media relations staff.

SPONSORED REPORT

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.

PODCAST

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.