TAX / PERSONAL FINANCIAL PLANNING
Donor-Advised Funds: Preparing for Closer Scrutiny
by Nick G. Tarlson
A popular charitable donation vehicle is reined in by Congress, with possibly tighter regulation to come. Find out how to advise your clients on the shifting landscape of donor-advised funds.
For CPAs advising donors and not-for-profit recipients of charitable gifts

TAX / PERSONAL FINANCIAL PLANNING
Life Insurance: What’s It Worth? (And Who Says?)
by Alan Breus
Unneeded policies can be a source of wealth for not-for-profit organizations and of tax deductions for donors. But correct and properly qualified valuation of those policies is even more crucial under requirements of the Pension Protection Act of 2006.
For CPAs advising donors to not-for-profit organizations

ARTICLES

HEADLINER Q&A
Driving Change
Judith O’Dell, chair of the Private Com­pany Financial Reporting Committee, answers the JofA’s questions about the initiative to shape realistic accounting standards for private companies.
For CPAs who advise private companies

AUDITING
Risk Assessment Standards in Action
by Paul Kiel, Jennifer Carney, Carla A. Gogin and David A. Johnson
We asked partners at three firms how the new risk assessment standards have affected their work. They shared their experiences with the guidance and offered practical advice for tackling some of the challenges of implementation. Read what they had to say.
For CPAs who conduct audits