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.

NEWS

IRS sets start date for tax season

The IRS announced that tax season will start in late January and that it will issue refunds to taxpayers despite the partial shutdown of the federal government.

PODCAST

Why CPAs can’t wait on automation tools

What do accounting firms waiting on others to develop AI, automation, and data analytics tools have in common with a baseball fan sitting in a stadium filling with water at an exponential rate? The answer could determine your firm’s fate.