AT Think

The Financial Accounting Standards Board is expected to release a scaled-back set of changes in accounting standards for nonprofit organizations this summer, with more far-reaching changes planned for the future, probably depending on whether they can also apply to for-profit businesses.

Last week, five California CPAs were awarded the California Society of CPAs' (CalCPA) Women to Watch Awards during the Society's Women's Leadership Forum held at the Beverly Wilshire Hotel, CalCPA announced on Monday. CalCPA selected the award recipients in partnership with the AICPA and their Women's Initiatives Executive Committee.

As finance executives look to retain talent, an increasing number of businesses have been allowing professionals to take over various roles within a business to give staff more exposure to all operations, to see new perspectives within the business, as well as furthering professional development, succession planning, and recruiting.

The NASBA Center for the Public Trust (CPT) has announced the winners of its 2016 Ethics in Action Student Video Competition on Thursday. Since its inception in 2010, the annual competition seeks out videos on ethical behavior in the business world from undergraduate and graduate students of all disciplines.

Michael Savoy, senior shareholder at Santa Monica-based firm Gumbiner Savett, is being honored with the Humanitarian Award at the National Jewish Health and Los Angeles Professional Services "Black and White Ball," the firm announced this week. The event will be held June 4, at the Skirball Cultural Center, in West Los Angeles.

TaxAct plans to launch a new sweepstakes next week for tax professionals to celebrate the end of tax season.

Century City's NSBN, CPAs & Business Consultants again honored the Concern Foundation as the beneficiary at the firm's 23rd Annual Charity Golf Tournament, held this past November. The Concern Foundation's mission statement is to "CONquer CanCER Now," and has, to date, funded over 700 cancer research scientists across the country and abroad.

Montana State University announced this week that Anne Christensen, accounting professor at the University's Jake Jabs College of Business and Entrepreneurship, has been elected president of the American Accounting Association’s Board of Directors. Christensen’s election will see a one-year term beginning this August, followed by a one-year term as president and another as past-president.

The annual Rosenberg Survey of CPA firm management is preparing to get underway.

Last Friday, the Illinois CPA Society (ICPAS) held their annual Jumpstart to Accounting event, in which students representing 25 colleges and universities got to learn more about the transition to the professional world with the help of some of Chicago's biggest firms.