The SEC selected Mark W. Olson to be chairman of the Public Company Accounting Oversight Board until 2010. At the time of his appointment, he was a governor of the Federal Reserve Board. Although not a CPA, Olson also was a partner of Ernst & Young and its predecessor, Arthur Young & Company, from 1988 to 1999. Olson succeeds Acting Chairman William Gradison.

Following his nomination as Secretary of the Treasury by President George W. Bush, Henry M. Paulson Jr. was confirmed by the Senate and sworn into office by Chief Justice John G. Roberts Jr. He succeeds John W. Snow.


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.