FYI


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.

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.