FYI


  The SEC appointed James L. Kroeker as chief accountant. In this role, he will oversee accounting interpretations, professional practice issues and international accounting matters. He replaces Conrad W. Hewitt, who retired from government service in January 2009.

 

Kroeker had been acting chief accountant since January 2009 and guided the day-to-day operations of the SEC’s Office of the Chief Accountant. He was staff director of the SEC’s congressionally mandated study of fair value accounting standards.

 

He joined the SEC as deputy chief accountant in February 2007 from Deloitte and Touche LLP, where he had been a partner in the firm’s National Office Accounting Services Group. At Deloitte, he was responsible for providing consultation and support regarding the implementation, application, communication and development of accounting standards, including disclosure and reporting matters.

 

  Deborah Matz became the eighth chairman of the National Credit Union Administration (NCUA) on Aug. 24. Her six-year term on the three-member board runs until April 10, 2015.

 

The NCUA is the independent federal agency that regulates the charters of and supervises federal credit unions. The NCUA also manages the National Credit Union Share Insurance Fund, which insures the deposits of nearly 90 million account holders in all federal credit unions and the majority of state-chartered credit unions.

SPONSORED REPORT

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.

PODCAST

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.