FYI


U.S. Treasury Secretary Henry M. Paulson Jr. appointed James H. Freis Jr. the director of the Financial Crimes Enforcement Network (FinCEN), a bureau of the Treasury responsible for safeguarding the financial system from money laundering and other illicit financial activities through the administration of the Bank Secrecy Act. Freis previously served as deputy assistant general counsel for enforcement and intelligence, providing legal support to the Treasury’s Office of Terrorism and Financial Intelligence. He replaces Robert Werner, who left FinCEN in December.

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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.

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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.