FYI


The SEC’s Office of the Chief Accountant is seeking up to four professional accounting fellows to help develop proposed securities rules, work with standard setters in accounting and auditing, and consult with filers on reporting matters. The two-year fellowships begin this summer or fall.

Two positions are in the Accounting Group. Experience with applying U.S. GAAP or IFRS is desired for fellowship spots in that group. A third position is in the International Group, where desired experience includes IFRS or International Standards on Auditing. The fourth position is in the Professional Practice Group, where desired experience includes internal control over financial reporting under section 404 of the Sarbanes-Oxley Act.

Applications are due by Jan. 16. For information, call Evan Sussholz at 202-551-3622 or Douglas Parker at 202-551-5316.

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The technology assessment engagement

Are you working with the best technology? Do you know how to help your clients determine if their technology stack measures up? In this free report, J. Carlton Collins, CPA, explains how to answer those questions via a technology assessment engagement.

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A counterintuitive strategy can save taxes by including otherwise excludable scholarships in gross income.